Mar 3, 09:25 AM

Zhipu AI Raises $137 Million in Second Funding Round to Enhance GLM Language Model with State-Backed Investors

Chinese AI startup Zhipu AI has raised $137 million in its latest funding round, marking its second fundraising effort in three months. The investment was backed by state funds, including the Hangzhou City Investment Group Industrial Fund and Shangcheng Capital. This funding will be utilized to enhance Zhipu AI's GLM language model, intensifying competition with other AI firms such as DeepSeek. The company's recent capital influx reflects the growing emphasis on artificial intelligence development in the Yangtze River Delta region.

#Zhipu AI #Shangcheng Capital #DeepSeek #Yangtze River Delta

Written with ChatGPT (GPT-4o mini).

Sources

SwissCognitive, AI Venture, Advisory & Research@SwissCognitive
1 year ago
China's Zhipu #AI secures a $137M investment to enhance its GLM language model, intensifying competition with DeepSeek as state-backed funds accelerate AI development in the Yangtze River Delta 🔥💰 #AIInvestment #ArtificialIntelligence #AINews https://t.co/nP3mlKyHRE
Presse-citron@pressecitron
1 year ago
La startup Zhipu AI, considérée comme un « tigre de l'IA » en Chine, réalise le 16e tour de table de son histoire 🐯🇨🇳 #IA #Chine #Zhipu https://t.co/9b8Smjx1IT
Paul Triolo@pstAsiatech
1 year ago
China's Zhipu AI raises $137 million as state funds bet on AI race State-backed Hangzhou City Investment Group Industrial Fund and Shangcheng Capital are among the investors in the round, Zhipu AI said in a WeChat statement on Monday. https://t.co/gNQVuGgb48

Zhipu AI Raises $137 Million in Second Funding Round to Enhance GLM Language Model with State-Backed Investors

Sources

Additional media

Similar Stories