China’s AI Start-up Funding Triples to US$16 Billion in First Quarter Amid Bets on LLMs, Robotics
AI summaryChinese AI start-ups raised over US$16.2 billion in Q1 2026, nearly triple year-on-year, driven by investor enthusiasm for large language models and embodied AI. Separately, DeepSeek is finalizing a massive funding round at a valuation of nearly US$60 billion, marking a six-fold increase from April.