Artificial intelligence

Megvii powers up AI capabilities with $750m fundraiser

Unfazed by a significant cooldown in China's private equity market, the artificial intelligence startup has raised $750 million in the country's second-largest private fundraiser this year.

Chinese artificial intelligence startup Megvii announced on Wednesday that it has raised $750 million after closing the second tranche of its Series D equity funding, showing signs that public investors clearly remain committed to disruptive technologies despite a significant cooldown in China’s private equity market this year.

¬ Haymarket Media Limited. All rights reserved.

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