Founded in 2019 as a Tsinghua University spin-off, Zhipu AI has emerged among China's front-runners in the artificial intelligence race, alongside AI-focused startups Moonshot AI, Minimax, 01.AI, Baichuan and StepFun, while also competing with tech giants such as ByteDance and Alibaba in the sector.
The company attracted attention earlier this year after securing three rounds of state-backed funding within weeks. Its latest financing included a 300-million-yuan ($41.5-million) investment from the Chengdu municipal government.
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