Pandaily Digest|Mar 20, 2023
Editor's note: On March 19, Kai-Fu Lee, Chairman and CEO of Sinovation Ventures, a venture capital firm, officially launched Project AI 2.0, a new company aimed at succeeding in the AI 2.0 era.
Sinovation Ventures Chairman Kai-Fu Lee Starts New AI Company
On March 19, Kai-Fu Lee, Chairman and CEO of Sinovation Ventures, a venture capital firm, officially launched Project AI 2.0, a new company aimed at succeeding in the AI 2.0 era. On his WeChat account, Lee stated that Project AI 2.0 has secured the necessary funds and computing power, and has assembled a team of top talent to lead the company. Link
Headlines from China
Chinese Veterinarians Fly to USA to Take Care of Giant Panda
On March 16th, the Beijing Park Management Center responded to questions about two panda breeding experts from the Beijing Zoo setting out to take care of the giant panda Ya Ya in the United States. Link
XPeng Reports $1.33B Loss in 2022
On March 17, Chinese electric vehicle manufacturer XPeng released its previous year-end financial report. Its total revenue for 2022 was 26.86 billion yuan ($3.89 billion), representing a 28% increase from the previous year. Link
Huawei Founder Ren Zhengfei Discusses US Sanctions, Chips, and AI
Ren Zhengfei, founder and CEO of Chinese telecoms giant Huawei, delivered a speech at a recent symposium where he addressed several issues, including chip supply, ChatGPT, the company's future direction for research and development, and its employee selection systems. Link
News You Shouldn’t Miss
EV Maker Enovate to Raise Over $108M
Enovate, a Chinese electric vehicle manufacturer facing financial difficulties, is set to receive a much-needed infusion of funds through a new round of financing. Link
PG Verse Receives Millions of Dollars in Pre-A Round Financing
PG Verse announced the completion of a Pre-A round financing worth several millions of dollars. This round of financing was funded by New Access Capital, BlueRun Ventures and Youshan Capital. The funds are aimed at bolstering the company's Metaverse ambitions and its underlying technology. Link
Nanjing University Overturns American Research on Room Temperature Superconductivity
On March 15th, Haihu Wen's team submitted a research paper denied Dias's research conclusion. The paper concludes: "Our experiments clearly show that there is no superconductivity in lutetium nitrogen hydrogen material LuH2 xNy from ambient pressure to 6.3 GPa and temperature as low as 10K (about-263 degrees Celsius)." Link
Chinese E-commerce Accounts Take Top Three Shopping Spots in Spain
On March 20th, data.ai, a well-known third-party data provider, published the download list of Spanish e-commerce apps, and those from China occupied the top three spots. Link
Battery Anode Materials Developer Tanovus Secures Pre-A Round Financing
On March 17, battery anode material startup Tanovus announced the successful completion of its Pre-A round financing, with investments totaling tens of millions of yuan led by IDG Capital. The company has confirmed that it will soon welcome A round financing. Link
Alibaba’s DAMO Academy Leaders Take Charge in AI Development
Following a series of personnel changes in 2022, Alibaba's DAMO Academy has now established three laboratories dedicated to the development of large language models. Link
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