Chinese large language model developer Zhipu AI secured over $137 million in its second funding round within three months, fueled by a shift towards open-source and collaborative AI development. The company, alongside others like Moonshot AI, MiniMax, and Stepfun, are adapting to a landscape where algorithm optimization and shared resources challenge the traditional focus on massive computing power.
Zhipu AI's recent massive funding underscores China's aggressive push into artificial intelligence, fueled by state-backed investments and a fierce rivalry with companies like DeepSeek. Hangzhou emerges as a key AI hub, challenging global tech centers. This rapid growth has significant geopolitical implications, intensifying the global AI race and raising questions about regulation and competition.
Zhipu AI, a leading Chinese AI startup, secures over 1 billion yuan (around $137 million) in a new funding round, fueled by state-backed investors. The investment will enhance its GLM large language model, expand regionally, and develop open-source AI models, including multimodal and AI agent capabilities, intensifying competition in China's AI sector.
Zhipu AI, a leading Chinese AI startup, has raised over $137 million in new funding from state-backed investors. The investment will fuel the development of its GLM large language model, ecosystem expansion in the Yangtze River Delta region, and the release of new open-source AI models, solidifying China's push for AI leadership.
