- Paris-based Gradium has raised $100 million in seed funding, with Nvidia among its investors.
- The startup plans to establish a Bay Area office to attract talent and strengthen its competitive edge.
- Gradium specializes in low-latency voice AI models and has already secured major clients like Renault.
China’s AI sector faces valuation collapse amid export concerns
The Chinese tech stock market is experiencing a significant downturn as high valuations in the AI sector plummet. This decline is driven by growing fears over the demand for AI technologies and recent export restrictions impacting the industry. As a result, China’s AI bubble appears to have burst, contrasting with the precarious state of global tech stocks.