AI News: Nuoyin Intelligence Raises Over RMB 1 Billion, Pinduoduo Xiongan Base Reaches 5,000 People, OpenAI Halts New Model Release

AI News: Nuoyin Intelligence Raises Over RMB 1 Billion, Pinduoduo Xiongan Base Reaches 5,000 People, OpenAI Halts New Model Release

Nuoyin Intelligence Completes 5 Funding Rounds in One Year, Cumulative Total Exceeds RMB 1 Billion

According to reports, Nuoyin Intelligence completed five funding rounds within one year of its founding, securing another several hundred million yuan, with cumulative financing exceeding RMB 1 billion. The company is moving from demo to home. ^[1]

Pinduoduo's Xiongan Team Exceeds 5,000 People, Builds Large Back-Office Business Base

Pinduoduo officially entered Xiongan at the end of May this year, and more than three months later its team exceeded 5,000 people, completing its annual special recruitment plan ahead of schedule. ^[2] The Xiongan company is positioned as a "traditional industry data processing service center" and a "comprehensive service center for high-quality development of traditional manufacturing," undertaking back-office work such as algorithm annotation, model annotation, and platform governance. Since June this year, Pinduoduo has launched 106 special governance measures. ^[2] In addition, Pinduoduo is testing a "fitting mirror" project in Xiongan, producing model training data through visual annotation, and using algorithms to generate product displays that more closely match the real try-on effect, in order to increase conversion rates and reduce return rates. It has now entered the user testing stage. ^[2]

OpenAI Halts Release Because New Model Is Too Powerful

Additional reports say OpenAI halted the release of a new model because it is too powerful, and the AGI plan has been paused. ^[3]