
Chinese startup ShengShu raises $293 million to advance artificial general intelligence

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Chinese AI startup ShengShu Technology has raised 2 billion yuan ($292.59 million) in a funding round led by Alibaba Cloud. The funds will support the development of a "general world model" aimed at simulating human perception, a step towards artificial general intelligence. Investors included Andon Haitang, China Internet Investment Fund, and TAL Education Group. Founded in 2023, ShengShu is known for its video generation model Vidu, competing with OpenAI's Sora. The company is also expanding into robotics, having open-sourced a model for robot control.
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