The University of Hong Kong’s diffusion model team raises nearly 500 million yuan, backed by Huawei and Shunwei Capital.

Beating AI News Flash: Shenzhen-based diffusion language model firm DiffuSpace has closed two consecutive financing rounds totaling nearly 500 million yuan. The rounds were jointly led by Matrix Partners China, Shunwei Capital, and Legend Capital, with follow-on investments from Huawei Harbin Investment, Horizon Robotics, and others. Multiple media outlets note this is the largest financing round in the global diffusion language model space. DiffuSpace was founded in May this year by The Univers

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