China now has its own AI circular financing scheme

Unitree Robotics surged 460 percent in its Shanghai IPO, reaching a valuation of about $50 billion, but a Financial Times report reveals that 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 echoing Nvidia criticism in the US.

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. The article China now has its own AI circular financing scheme https://the-decoder.com/china-now-has-its-own-ai-circular-financing-scheme/ appeared first on The Decoder https://the-decoder.com .