Zhipu AI, established in 2019, has received investments from a range of Chinese internet giants including Alibaba, Tencent, and Ant Group, in a rare display of unity. The company has recently open-sourced ChatGLM-6B, a multilingual conversational AI model developed using six billion training parameters, and the GLM-130B open-sourced foundation model, which was trained on 130 billion parameters.
Key takeaways:
- Zhipu AI, a Chinese company that creates foundation models, has received an investment of about $340 million this year, as it works on AI advancements amid US chip restrictions.
- The funding, which deviates from the usual preference for USD funds, comes from regional investors and is made up of yuan-denominated money, a change attributed to growing geopolitical tensions and the resulting digital gap.
- The company has received investments from a prestigious group of Chinese internet goliaths, including Alibaba and Tencent, in a surprising display of unity.
- Zhipu AI has recently open-sourced ChatGLM-6B, a multilingual conversational AI model developed using six billion training parameters, and the GLM-130B open-sourced foundation model, which was trained on 130 billion parameters.