all AI news logo
all AI news - Your AI news aggregator
Log in Sign up
all AI news

Alibaba Backs $2.5 Billion AI Startup in Second Major 2024 Deal

Add to bookmarks
March 5, 2024, 6:55 a.m. | Jane Zhang

Bloomberg Technology bloomberg.com

Alibaba Group Holding Ltd. is leading a financing round of at least $600 million for Chinese AI startup MiniMax, spearheading its second major deal in the space this year as it deploys capital in pursuit of growth.

alibaba alibaba group alibaba group holding ltd billion capital chinese chinese ai deal financing growth least major minimax nys:baba space startup

Visit resource

More from bloomberg.com / Bloomberg Technology

Apple Rivals Retool to Challenge the iPhone and Vision Pro 4 hours ago | bloomberg.com
ai hardware apple challenge hardware +16
Musk Makes Unannounced China Visit in Push for Self-Driving Cars 8 hours ago | bloomberg.com
cars china discuss driving +13
Musk Heads to Beijing to Discuss Full Self-Driving, Reuters Says 11 hours ago | bloomberg.com
beijing china chinese discuss +17
AI Boom’s Secret Winners? The Companies Expected to Power It 1 day, 1 hour ago | bloomberg.com
artificial artificial intelligence bank boom +11
Apple Intensifies Talks With OpenAI for iPhone Generative AI Features 1 day, 18 hours ago | bloomberg.com
ai features apple apple inc discussions +12
Tech Fund Invested in SpaceX, OpenAI Sinks After 1,000% Surge 1 day, 22 hours ago | bloomberg.com
elon elon musk epic epic games +9
Nvidia Shares Go on a $260 Billion Tear as Clients Splurge on AI 1 day, 23 hours ago | bloomberg.com
artificial artificial intelligence billion chip +5
Sam Altman and Satya Nadella Tapped for US Government AI Security Board 2 days ago | bloomberg.com
administration ai security altman artificial +27
Intel CEO Gelsinger on Q1 Earnings, Foundry Business, AI 2 days ago | bloomberg.com
ai pcs bloomberg business ceo +13

Jobs in AI, ML, Big Data

Post a job on ai-jobs.net Find talent on ai-jobs.net

Data Architect

@ University of Texas at Austin | Austin, TX
View on ai-jobs.net

Data ETL Engineer

@ University of Texas at Austin | Austin, TX
View on ai-jobs.net

Lead GNSS Data Scientist

@ Lurra Systems | Melbourne
View on ai-jobs.net

Senior Machine Learning Engineer (MLOps)

@ Promaton | Remote, Europe
View on ai-jobs.net

Research Scientist, Demography and Survey Science, University Grad

@ Meta | Menlo Park, CA | New York City
View on ai-jobs.net

Computer Vision Engineer, XR

@ Meta | Burlingame, CA
View on ai-jobs.net
View more jobs