Industry

Gen-Z Gamer's 3D-Model Startup Vast Becomes China's Latest AI Unicorn

Vast, a Chinese 3D-modeling startup founded by a 29-year-old gaming entrepreneur, raised nearly $200 million in a new funding round, reaching a $1 billion valuation and becoming China's latest AI unicorn. The company applies AI to power its 3D content creation platform, serving the gaming and entertainment industries. The milestone underscores continued investor appetite for applied AI startups in China despite the broader macroeconomic environment.

bloomberg.com ↗