Chinese AI Unicorn Zhipu Raises $412 Million for More Firepower
Beijing-based Zhipu raised a further 3 billion yuan ($412 million) to power its artificial intelligence development efforts.The company, which last year drew the backing of Chinese internet leaders Alibaba Group Holding Ltd. and Tencent Holdings Ltd., announced the completion of its latest fundraising in a statement on Tuesday. It comes as Zhipu has more than doubled its commercial revenue this year, according to the statement....
Read more at bloomberg.com