Jiuzhang Cloud announced the completion of a new round of strategic financing.

AI infrastructure provider NineClouds announced the completion of a new round of strategic financing, jointly led by the Beijing Information Industry Development Investment Fund and the Beijing Artificial Intelligence Industry Investment Fund. This round of financing will be primarily used for R&D of AI accelerated computing technology and the construction of an inclusive intelligent computing cloud platform, to consolidate its technological advantages and promote the widespread adoption of enterprise-level AI applications.