Chinese language AI startup Zhipu AI has raised over 1 billion yuan (Rs 1,140 crore) in recent funding amid rising competitors, particularly from DeepSeek.
State-backed traders, together with Hangzhou Metropolis Funding Group Industrial Fund and Shangcheng Capital, participated within the spherical.
The funds will help the event of Zhipu AI’s GLM massive language mannequin and broaden its AI ecosystem in Zhejiang and the Yangtze River Delta.
Hangzhou, which additionally hosts DeepSeek, invests closely in AI by state-owned enterprises to ascertain itself as a serious AI hub.
Based in 2019 and referred to as one in all China’s “AI tigers,” Zhipu AI has accomplished 16 funding rounds, together with a 3 billion yuan funding in December.
The corporate plans to launch new open-source AI fashions, together with basis fashions, inference fashions, multimodal fashions, and AI brokers.
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