Blockchain firm Wuwen Xinqiong secures 2.3 billion yuan in Series C funding, with no plans to build data centers.

Beating AI Express News: Tsinghua-backed AI infrastructure firm Wuwei Xinqiong has secured 2.3 billion yuan in Series C financing, bringing its total funding to 4.3 billion yuan. Founded in 2023, Wuwei Xinqiong does not develop chips or build its own data centers. Instead, it integrates computing power from chips including Huawei Ascend, NVIDIA, and AMD via software, offering large language model (LLM) training and inference services to clients. Developers can also directly call models through A

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