PANews reported on July 25 that according to Titanium Media, domestic AI large model company Baichuan Intelligence has confirmed that it has recently completed its A round of financing, with a total financing amount of 5 billion yuan, and will start its B round of financing with a valuation of 20 billion. The investors in the A round include Alibaba, Xiaomi, Tencent, Asia Investment Capital, CICC and other leading companies and market-oriented investment institutions, as well as state-owned industrial investment funds such as Beijing Artificial Intelligence Industry Investment Fund, Shanghai Artificial Intelligence Industry Investment Fund, and Shenzhen Capital Group.

Together with last year's 2.5 billion yuan financing (US$50 million angel round + US$300 million A1 round), as of now, Baichuan Intelligence has completed financing of up to 7.5 billion yuan, not only setting a record for the highest total financing amount in the domestic AI big model field, but also becoming the latest big model company to reach a "first-tier" valuation of 20 billion yuan after MiniMax, Dark Side of the Moon, and Zhipu AI.