BaiChuan Intelligent, founded by Wang Xiaochuan, completes $300 million Series A1 funding


AI startups raise record $150B amid bubble fears, using funds to build strong balance sheets against market uncertainties.....
OpenAI completes $5B employee stock sale at $500B valuation, surpassing SpaceX as the world's most valuable startup. Thrive Capital and SoftBank participated.....
👍 Commercialization of large models: The article mentions that the Baichuan 53B large model has chosen to enter a closed-source commercialization phase. 👍 Large model product matrix: 53B is the third version of the Baichuan large model and the first large model to be commercially closed-source. 🔥 Large models are a focus: The outside world is paying attention to Baichuan Intelligence's strategic choice between open-source and closed-source.
Microsoft CEO Satya Nadella shifts some business duties to new CEO Judson Althoff, focusing more on AI. Marketing teams will also integrate into the new structure.....
Paycom lays off 500+ employees, replacing them with AI. Workers received morning texts saying 'Don't come to office,' followed by virtual meeting confirmations. Shocked employees described disbelief, sparking widespread attention.....