Recently, Zhipu, a leading domestic artificial intelligence company, announced that it has completed a strategic financing of more than RMB 1 billion. The financing was jointly participated by many investment institutions such as Hangzhou Urban Investment Industrial Fund and Shangcheng Capital, injecting strong impetus into the further development and technological innovation of Zhipu. This financing event not only demonstrates the capital market's high recognition of Zhipu, but also provides solid financial guarantees for its future technological research and development and market expansion.
It is reported that this financing will be mainly used to promote technological innovation and ecological development of domestic base GLM large models. As the earliest open source big model artificial intelligence company in China, Zhipu has been committed to promoting the universal application of AI technology. Through this financing, Zhipu will increase investment in technology research and development and ecological construction to better serve the booming economic entities in Zhejiang Province and the Yangtze River Delta region. Zhipu’s goal is to promote the widespread application of artificial intelligence technology in various industries through technological innovation and help the digital transformation of the regional economy.

Zhipu said that they will continue to give full play to the advantages of regional artificial intelligence industry layout to help transform and upgrade the digital industry based on artificial intelligence technology. At the same time, they also revealed an important information: 2025 will be the year of open source for Zhipu. The company plans to release a new big model and open it to further promote the popularization and application of AI technology. This strategic move will not only accelerate the innovation of artificial intelligence technology, but will also provide global developers with an open platform to jointly promote the prosperity and development of the AI ecosystem.
The success of this financing not only marks a new level in the field of artificial intelligence, but also lays a solid foundation for it to compete in the future. With the continuous innovation and application of domestic GLM large-model technology, Zhipu is expected to provide more intelligent, efficient and convenient AI solutions to more companies and individuals, and promote the popularization and development of artificial intelligence technology. Zhipu’s vision is to allow AI technology to benefit more industries and people through technological innovation and help the overall progress of the society and economy.