China now has its own AI circular financing scheme
Unitree Robotics rose 460 percent in its Shanghai IPO, hitting a valuation of around $50 billion. But an FT report shows much of the demand for its robots comes from state-backed training centers that buy the machines and sell the resulting data back to the manufacturers, a circular business model that echoes the Nvidia criticism in the US.<br /> The article China now has its own AI circular financing scheme appeared first on The Decoder. [...]
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