On-Device AI Funding Momentum

Beijing-based artificial intelligence start-up ModelBest has closed a C+ Series funding round, bringing its total raised so far this year to 5 billion yuan, equivalent to about $740 million or £550 million. The deal underscores growing investor appetite for technology that can run powerful AI tasks directly on smartphones, laptops and other edge devices rather than relying solely on distant cloud servers.

Investor Shanghai Mejoy Capital said in a social media post that Model

Source:Silicon UK News