A 38-year-old prodigy from Tsinghua University's Yao Class leads Shanghai's large-scale model unicorn, Jieyue Xingchen, which has raised over 5 billion yuan.

Shanghai-based AI large-scale model unicorn, Jieyue Xingchen, has completed a B+ round of financing exceeding 5 billion yuan, setting a new record for single-round financing in the domestic large-scale model sector. Yin Qi, founder of Megvii Technology and a 38-year-old alumnus of Tsinghua University's Yao Class, has officially assumed the role of Chairman, co-leading the company with CEO Jiang Daxin. The financing will be used for basic model R&D and the implementation of its AI+terminal strategy, focusing on three key areas: base models, multimodal fusion, and visual language action (VLA).