The A.I. Daily
Tencent-backed Infinigence AI files for Hong Kong IPO
Bloomberg 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.