October 18 (ChainDD) AI large model company Baichuan AI has completed the A1 round of strategic financing, the financing amount is 300 million US dollars, Alibaba, Tencent, Xiaomi Tech and other technology giants and a number of investment institutions are involved in the investment, "local VC king" SCGC is also one of the investors of this round.

With the previous angel round of $50 million, Baichuan AI's current financing amount has reached $350 million.

Baichuan AI was founded on April 10, 2023, by former Sogou CEO Xiaochuan Wang, aiming to create a Chinese version of OpenAI. The core team of the company is composed of talents from well-known technology companies such as Sogou, Google, Tencent, Baidu, Huawei, Microsoft and Bytedance.