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Top News In தேசிய உற்பத்தி மாற்றம் Today - Breaking & Trending Today

CANGO Auto View: Investors Eye Vehicle Technologies as Next Big Thing

/PRNewswire/ With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly. ....

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Chinese Self-Driving Startup Uisee Raises RMB1 Billion

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Chinese AI-enabled self-driving tech developer UISEE closes over $154m

Chinese AI-enabled self-driving tech developer UISEE closes over $154m
UISEE-powered Autonomous Electric Tractors (AET) has started operating at the Hong Kong International Airport on December 30, 2019. Source: Visuals from the Hong Kong International Airport website
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UISEE Technology, a Chinese developer of AI-enabled autonomous driving solutions for clients like the Hong Kong International Airport, has secured over 1 billion yuan ($154.2 million) in a new funding round.
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Autonomous driving startup Uisee attracts Chinese state investor in $150M round – TechCrunch

Autonomous driving startup Uisee attracts Chinese state investor in $150M round
There is no lack of state funding for China’s smart-driving startups nowadays as the country advances its goal to become a global leader in artificial intelligence in a decade’s time. The latest to get a financial boost is Uisee, a Beijing-based company founded by a group of tech veterans including the former head of Intel Labs China, Wu Gansha.
Uisee said Monday it has closed a funding round north of 1 billion yuan ($150 million) from investors including the National Manufacturing Transformation and Upgrade Fund, a $21 billion state-backed fund set up in 2019 to promote and upgrade the manufacturing value chain in China, with the Ministry of Finance as the biggest shareholder. ....

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Chinese AI firm 4Paradigm pockets $700m led by Boyu, Primavera & Hopu

Chinese AI firm 4Paradigm pockets $700m led by Boyu, Primavera, Hopu
Source: Andy Kelly/Unsplash
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Chinese artificial intelligence (AI) giant 4Paradigm has raked in $700 million in a Series D round of financing jointly led by the country’s private equity (PE) companies Boyu Capital, Primavera Capital, and Hopu Investments, the firm announced in a statement on Friday.
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