Beijing Artificial Intelligence Industry Investment Fund Invests in AI Chip Unicorn "Kunlun Core": New Trend in Technology Investment

Recently, an important investment move by the Beijing Artificial Intelligence Industry Investment Fund in the field of technology has attracted widespread attention. The fund has recently taken a stake in Kunlun Core (Beijing) Technology Co., Ltd., a unicorn enterprise in the AI chip field. This move not only signifies Beijing's layout in the upstream and downstream of the large model industry but also demonstrates the emphasis and support for the development of the chip industry.

Investment Background and Significance

As a technology company established in 2011, Kunlun Core was originally the Intelligent Chip and Architecture Department of Baidu. Since proposing its own XPU architecture in 2017, Kunlun Core has successfully developed two generations of cloud AI chips and launched a series of AI accelerator cards and AI accelerator group products. Kunlun Core's independence and first round of financing were valued at about 13 billion yuan, showing its strong strength and market potential in the field of AI chips.

Investment Details

The investment by the Beijing Artificial Intelligence Industry Investment Fund has increased Kunlun Core's registered capital from about 18.0848 million yuan to about 18.3508 million yuan. This change not only brings financial support to Kunlun Core but also provides new opportunities for its development at the strategic level.

Industry Impact

Kunlun Core's joining has further strengthened Beijing's competitiveness in the AI chip track. With the popularity of large models and the tension of AI computing power resources, Kunlun Core's second-generation AI chip, as the first general AI chip in China to use GDDR6 memory, has already started layout in financial, industrial, educational and other fields.

Investment Fund Strategy

The Beijing Artificial Intelligence Industry Investment Fund's previous investments were mainly focused on large model companies, and this time it turned to AI chip companies, reflecting its flexibility and forward-looking in industrial layout. By investing in Kunlun Core, the fund not only helps the development of Beijing's chip industry but also provides new solutions for solving computing power bottlenecks and reducing computing power costs.

Regional Development

Zhongguancun, as a chip industry gathering place in the north of Beijing, has formed a high-tech enterprise cluster represented by Lenovo, Baidu, etc. In the "14th Five-Year Plan" for the development of high-precision and cutting-edge industries in Beijing, Yizhuang District, Haidian District, and Shunyi District have been laid out as key areas, with the goal of achieving 300 billion yuan in integrated circuit industry revenue by 2025.

Conclusion

The Beijing Artificial Intelligence Industry Investment Fund's investment in Kunlun Core is not only a capital injection into a single enterprise but also an important promotion for the entire AI chip industry and the development of high-tech industries in Beijing. This investment behavior heralds a new trend in technology investment and also provides new ideas and momentum for future technological innovation and industrial development.