Chinese AI chip developer Vastai nets $251m in Alibaba-led Series B1, B2 rounds

Chinese AI chip developer Vastai nets $251m in Alibaba-led Series B1, B2 rounds

Source: Vastai Technologies

Chinese artificial intelligence (AI) chip developer Vastai Technologies has pocketed 1.6 billion yuan ($250.8 million) across two funding rounds that saw the startup rope in another Internet giant as its strategic investor.