Data compiled by Woofun AI reveals that the artificial intelligence venture capital landscape experienced a dramatic expansion in the first quarter, with nearly 600 deals closing at a total valuation exceeding 110 billion yuan. This represents a year-on-year surge of 185.4%, driven by substantial capital injections into domestic large model providers such as Moonshot AI and StepFun, which collectively secured over 30 billion yuan in May alone.

Concurrently, embodied intelligence firms including VITA Motors and Luming Robotics attracted billions in funding within a single week. Post-funding capital allocation is predominantly directed toward research and development, computing infrastructure, and global talent acquisition. GPU procurement and cloud services now consume 30% to 50% of raised funds, while intensified R&D spending has compressed the iteration cycle for Chinese large models to under three months by 2026, significantly reducing inference costs and accelerating commercialization.