General artificial intelligence company VAST completed a $50 million Series A financing, with Alibaba and Hengxu Capital jointly leading the investment.

On March 5th, VAST, a general artificial intelligence company, announced the completion of a $50 million Series A funding. This round of funding was led by Alibaba and Hengxu Capital, with participation from Yuanhe Puhua, BV Baidu Ventures, and Oriental Jiafu. Existing shareholders Chunhua Capital and Beijing Artificial Intelligence Industry Investment Fund also participated in the funding. The funds from this round will be focused on recruiting top talent for the world model, continuous iteration of core algorithms, and data accumulation, while also advancing the construction of the UGC interactive content platform.