Former ByteDance intern Tian Keyu, who was dismissed for serious disciplinary violations, founded an AI startup focused on World Models, Bloomberg reported. The startup already secured backing from prominent investment institutions including 5Y Capital and IDG Capital, and is preparing to enter the World Models field being explored by AI researchers such as Fei-Fei Li and Yann LeCun.

Although the company remains at an early stage, has yet to determine a name and has not launched any products, it has already completed financing of nearly USD30 million, with a post-money valuation reaching USD200 million.

Investors include 5Y Capital and IDG Capital, both of which previously invested in Moonshot AI. Both institutions confirmed the investment to Bloomberg.

World Models have become a new hot investment theme. Advanced Micro Devices, Inc. (AMD.US) announced last month that it would acquire World Labs, the World Models company founded by Fei-Fei Li, for billions of USD.

In addition, a new AI model named Jev, with costs lower than traditional LLMs, also attracted investor interest, with the potential financing valuation of its developer exceeding USD10 billion.
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AASTOCKS Financial News
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