Ant Group adds lesser-known AI company MetaSota to its investment portfolio

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Low-profile AI firm MetaSota has received a fresh cash injection led by Ant Group, according to a LatePost report, as the Alipay owner adds the Chinese company to its artificial intelligence investment portfolio. Details: LatePost reported that Baidu and Tencent also considered participating in the financing, but fintech giant Ant Group finally sealed the deal with investment fund Lightspeed China Partners. Another of MetaSota founder Min Kerui’s ventures, Chinese natural language analysis cloud service provider BosonNLP, was acquired by Ant Group in 2018. That same year, Min built MetaSota, since becoming a hub of artificial intelligence products including a legal AI translation tool and article generation software. Context: Beyond MetaSota, Ant Group has invested in at least six Chinese AI companies since ChatGPT kicked off the artificial intelligence product boom.