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Ex-Qwen Star Researcher Justin Lin Reportedly Founds AI Lab, Seeks Hundreds of Millions of USD in Funding; Lab's Valuation May Reach USD2B
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BABA-W (09988.HK)'s Qwen large model key figure Justin Lin abruptly stepped down in early March this year. Lin is seeking hundreds of millions of USD in funding for his newly established AI lab, according to Chinese media, citing sources. Upon completion of this funding round, the valuation is anticipated to approximate USD2 billion. Discussions are still ongoing, and the final valuation may be subject to change. Chinese venture capital firms Gaorong Capital and HongShan are in talks to invest in the lab. AASTOCKS Financial News |
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