Beijing Zhipu Huazhang Technology Secures Funds to Enhance Large Language Models
Funding Boost for Zhipu AI's Large Language Models
Beijing-based Zhipu AI, one of China’s four artificial intelligence (AI) “tigers,” has raised an undisclosed amount in a new funding round – led by a state-backed investor, valuing the start-up at approximately 20 billion yuan (US$2.8 billion). Proceeds will support technological innovation for its large language models (LLMs), according to the lead investor Beijing Zhongguancun Science City Innovation Development.
Significance of This Funding
This round reflects strong investor confidence in AI enterprises, despite external pressures. Zhipu AI, formally Beijing Zhipu Huazhang Technology, has notable backing from Alibaba, Tencent, Meituan, GL Ventures, and Legend Capital. Recently, Zhipu AI and Honor established an AI large model joint laboratory in Beijing, aiming to enhance AI services across devices.
- In July, Zhipu AI launched its Ying model, which creates video from prompts.
- It follows significant fundings for competitors like Baichuan and Moonshot AI.
- The tech unicorn’s advancements contribute to China's innovation in generative AI.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.