Alibaba to Lead $300M Investment in UniPat AI Valued at $2.5B
Alibaba Group Holding is slated to lead a $300 million investment in AI training and benchmarking startup UniPat AI, valuing it at $2.5 billion. Talks are ongoing and the deal’s contours may change, with financing expected to close soon. Tencent and earlier backers including HSG, formerly Sequoia China, are also participating, people familiar with the matter said.