# Valuation
Latest news and articles about Valuation
Total: 2 articles found
Alibaba and Tencent Back High‑Valued Chinese AI Startup in $700m Round as Founder Says Cash Hoard Tops ¥10bn — ‘Not IPO‑Driven’
A major Chinese AI startup raised over $700 million in a round led by Alibaba and Tencent, valuing it above $10 billion. The founder — a post‑1990s entrepreneur — said the company holds more than ¥10 billion in cash and is not pursuing an IPO, highlighting a shift toward long‑term, control‑oriented growth amid an intensely competitive AI funding surge.
Nvidia’s Jensen Huang Confirms Company Will Invest in OpenAI — but Not the $100bn Hype
Nvidia CEO Jensen Huang said the company will participate in the current OpenAI funding round and that the investment could be Nvidia’s largest ever, though it will be far below earlier $100 billion speculation. The pledge strengthens ties between a leading GPU supplier and a top AI-model developer, with strategic benefits and regulatory complexities for both firms and their customers.