Alibaba Group Holding’s artificial intelligence and cloud computing unit has secured a $140 million Series A+ funding round for X Square Robot, a Shenzhen-based company specializing in embodied intelligence models. This is Alibaba Cloud’s first significant investment in the rapidly evolving field of AI. The investment will provide X Square Robot with crucial support and resources to accelerate its development and expansion. The Hangzhou-based firm anticipates leveraging Alibaba’s cloud infrastructure and expertise.
Credits: News – South China Morning Post