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Zhipu AI Secures RMB1B+ in Funding, with Hangzhou Govt Among Investors
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Chinese AI startup Zhipu AI raised more than RMB1 billion in its latest financing round, with participation from investors including the Hangzhou City Investment Group Industrial Fund, controlled by the Hangzhou government, and Shangcheng Capital. The funds aim to advance technological innovation and ecosystem development for Zhipu AI’s homegrown GLM foundation model. Zhipu AI’s existing investors include tech giants BABA-W (09988.HK) and TENCENT (00700.HK). Additionally, Zhipu AI announced that this year will mark its “open-source year”, with plans to soon release a new suite of models, including foundational models, reasoning models, multimodal models, and Agents, all of which will be made open-source. AAStocks Financial News |
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