Chinese AI voice recognition company iFlytek has raised ~$407M from a state-backed industry fund and several provincial government funds via a private placement (Sarah Dai/South China Morning Post)

Sarah Dai / South China Morning Post:
Chinese AI voice recognition company iFlytek has raised ~$407M from a state-backed industry fund and several provincial government funds via a private placement  —  Company to invest 2.05 billion yuan in its AI speech platform, with 1.18 billion yuan coming from proceeds …

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