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Zhihui AI has completed a financing round of 3 billion yuan to promote the research and development of the GLM large model.

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Dec 18, 2024

Zhipu AI Completes 3 Billion Yuan Financing

Background Information:
Zhipu AI has recently completed a round of financing amounting to 3 billion yuan, with new investors including several strategic investors and state-owned assets. Existing shareholders, such as Junlian Capital, have continued to invest.

Main Events:
This financing will be used to further develop Zhipu's GLM large model series. Data shows that as of November, Zhipu's commercial revenue has increased by over 100%, and the platform's daily average token consumption has surged by 150 times.

Impact and Significance:
As one of the "Six Little Tigers" of domestic large models, Zhipu AI has been profitable since its establishment. Previously, Zhipu AI, along with "The Dark Side of the Moon" and "Baichuan Intelligence," joined the "200 Billion Yuan Club."

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