Economics and capital · Venture capital
Zhipu Raises Five Billion In Second Financing
Zhipu reportedly raised $5 billion in a second financing round within two months, directing about 60 percent toward next-generation GLM models.
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Z.ai says it plans to raise $5B+ via equity and debt to fund its AI investments, including ~$2B through a share placement, after raising $4B in July (P.R. Venkat/Wall Street Journal)wsj.com, Sep 14Z.ai completes around US$5 billion financing for next-generation GLM models · TechNodetechnode.com, Sep 14Z.ai shares tumble over 10% after $5 billion fundraising, its second major raise in two monthscnbc.com, Sep 14Z.ai reloads with US$5 billion for China's AI racedigitimes.com, Sep 14The News | GBM Mediagbm.com, Sep 14Asian AI stocks slide as top lab CEOs call for slower development of tech | Tech News - Business Standardbusiness-standard.com, Sep 14AI Safety Warnings Send Shockwaves Through Asian Tech Marketsbrandiconimage.com, Sep 14