Zhipu AI’s Major Funding Round

Beijing-based Zhipu AI has successfully raised $137 million in a recent funding round. This impressive investment includes contributions from state funds, indicating a strong belief in the AI industry as key to China’s future growth. The startup plans to leverage this capital to improve its GLM large language model and broaden its AI ecosystem.
The focus will remain on serving businesses in the Zhejiang province and the Yangtze River Delta economic zone. By enhancing its language model capabilities and expanding its reach, Zhipu AI aims to be at the forefront of the ongoing AI race fueled by state support.
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