Every Baidu story collected by The AI Daily, 2 so far, newest first, refreshed hourly.
Asia Q3 Startup Funding Hits $38.5B, AI Takes 55%Asia startup funding reached $38.5B in Q3, the second-highest on record, with about $21B (55%) going to AI-focused companies, per Crunchbase. China led with roughly $27B (70%), while Moonshot AI raised $3.5B and Kling AI about $3B, the two largest rounds.
Tencent-backed Infinigence AI files for Hong Kong IPOBloomberg reports that AI cloud infrastructure firm Infinigence AI has confidentially filed for a Hong Kong IPO to raise several hundred million dollars as early as next year's first half. Founded in 2023 and backed by Tencent, Baidu and Z.AI, it has raised ¥4.3B and is valued at ¥14.3B.
The A.I. Daily