AI startup draws big investors
By Ma Si and Zhu Lingqing | China Daily | Updated: 2017-10-26 06:37
DeePhi Tech gets $40 million in funding for data center, security services development
Artificial intelligence processor startup DeePhi Tech has raised about $40 million in its latest round of financing, with investments led by Ant Financial Services Group and Samsung Venture Investment.
The deal is the first major investment in the AI semiconductor sector by Ant Financial, the financial affiliate of Alibaba Group Holding Ltd. It is also part of China's broader push to develop world-level computer chips to power the cutting-edge industry.
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