Chinese AI startup Zhipu secured over 1 billion yuan in funding, led by Hangzhou government-backed firms, highlighting rising interest in local AI after DeepSeek's success, the Standard reported on Monday.
The round included Hangzhou Municipal Construction Investment Group and Shangcheng Capital, alongside existing backers Alibaba (HKG:9988) and Tencent (HKG:0700).
Zhipu, last valued at US$3 billion in May 2024, announced its latest funding via WeChat without details. Despite facing U.S. trade restrictions, Zhipu remains focused on AI development, stating, "We will unveil new models this year and open-source them."
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。