Alibaba (09988) researcher Lin Junyang plans to establish an AI laboratory with an estimated valuation of 20 billion US dollars.
According to reports, Lin Junyang, former chief researcher of Alibaba (09988), is currently raising hundreds of millions of dollars for the newly established AI laboratory.
According to reports, Lin Junyang, former head of core research at Alibaba (09988), is currently raising hundreds of millions of dollars for a new AI laboratory. Sources cited in the report said that after this round of financing is completed, the laboratory's valuation is expected to reach around $2 billion. However, negotiations are still ongoing and the valuation may be adjusted in the future.
The report quoted sources as saying that Gao Rong Ventures and Sequoia China are in contact with Lin Junyang's new laboratory to discuss investment cooperation.
In early March of this year, Lin Junyang publicly announced his resignation on the X platform, and Alibaba CEO Wu Yongming subsequently approved his resignation. Wu Yongming stated that the company will establish a basic model support team, jointly promoted by Wu Yongming, Alibaba Cloud CTO Zhou Jingren, and others, to continue the work.
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