AI funding exceeded 110 billion yuan in the first quarter, with funding for domestically developed large-scale AI models surging.

CoinFeed reported on May 24th, citing CCTV Finance, that the AI ​​venture capital market has recently seen a surge in activity. In May, several domestic AI startups, including Lunar Dark Side and Leap Star, secured over 30 billion yuan in funding. Embodied Intelligence has also garnered market attention, with VitaPower and Lumin Robotics among those securing hundreds of millions of yuan in funding within a week. According to venture capital statistics, nearly 600 AI-related funding rounds occurred in the first quarter, totaling over 110 billion yuan, a year-on-year increase of 185.4%. Many AI startups are investing in three main areas after receiving funding: First, research and development (R&D), with leading AI startups typically investing billions of yuan in R&D by 2025, far exceeding their current revenue. Second, computing power, with GPU purchases and cloud service leasing accounting for 30% to 50% of the funding. Third, attracting top global talent and teams. Higher R&D investment leads to faster technological iteration.