StockDuty ← Dashboard Oct 31, 2026 03:42 AM ET
CatalystTech/AI

Raised hundreds of millions in funding, 01.AI is moving to DeepSeek's headquarters!

01.AI raised hundreds of millions and is relocating to DeepSeek's headquarters.

What happened: 01.AI (零一万物) announced an October 28 cooperation with Hangzhou and its Linping District, with city and district state-owned Why it matters: The company has shifted from frontier large model research to enterprise industrial AI deployment. Hangzhou, also home to DeepSeek and Alibaba, will supply local industry scenario resources while 01.AI supplies enterprise AI technology, products, and delivery capability. Note: The headline's reference to DeepSeek's headquarters is not supported by the content, which only states that Hangzhou is where DeepSeek and Alibaba are located.
01.AI (零一万物) announced an October 28 cooperation with Hangzhou and its Linping District, with city and district state-owned
The company has shifted from frontier large model research to enterprise industrial AI deployment. Hangzhou, also home to DeepSeek and Alibaba, will supply local industry scenario resources while 01.AI supplies enterprise AI technology, products, and delivery capability. Note: The headline's reference to DeepSeek's headquarters is not supported by the content, which only states that Hangzhou is where DeepSeek and Alibaba are located.
Sources