Ex-ByteDance Intern's AI Lab Valued at $200M

Former ByteDance intern Tian Keyu raised nearly $30 million from 5Y Capital and IDG Capital for a stealth world-models lab, valuing it at $200 million post-investment. The unnamed company, which has no product yet, targets the field championed by Fei-Fei Li and Yann LeCun, building AI that simulates real-world physics for robotics, interactive video and autonomous driving.

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