These same companies also recently participated in a $300 million financing round for Baichuan, a rival to Zhipu. Both Zhipu and Baichuan are among several private firms attempting to build domestic alternatives to OpenAI’s ChatGPT.
Key takeaways:
- Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have invested 2.5 billion yuan ($342 million) in AI startup Zhipu this year.
- Other investors in Zhipu include Ant Group Co., Xiaomi Corp., HongShan, and food delivery leader Meituan.
- Zhipu is one of several private firms trying to build domestic rivals to OpenAI’s ChatGPT.
- Many of the same companies also participated in a recent $300 million financing round for Zhipu-rival Baichuan.