The Beijing-based AI startup Baichuan has dissolved its finance and banking division of enterprise team. Employees affected signed departure agreements on March 3, 2025, as the company shifts its focus to AI healthcare.

This move signals a reduction in the financial AI sector, marked by the rise of open-source models like DeepSeek R1.

In its move to healthcare AI, Baichuan has announced plans for AI-driven pediatric solutions and medical assistants. This includes a collaboration with Beijing Children’s Hospital.

Despite facing challenges with clinical data access and varying hospital needs, Baichuan sees healthcare as a sector with less competition.

Recent Baichuan developments