According to CoinMeta, Shengshu Technology recently completed a new round of financing of $500 million, setting a new record for the largest single financing in the field of general-purpose world models in China. The funds from this round will be used for model research and development and technological innovation. Founded in March 2023, Shengshu Technology has already laid out basic models in three major areas: multimodal generation, real-time interaction, and physical world actions. This year, the company has received several large-scale financings. In April, Alibaba Cloud led a financing round of nearly 2 billion yuan, and in July, the company completed another round of financing of $500 million.