Recently, Zhuhai Huafa Group officially announced a strategic investment of 500 million RMB in Zhipu AI, a leading domestic AI large model company. This investment aims to propel the technological innovation and ecological development of Zhipu’s GLM large model, marking the official entry of Zhuhai's state-owned assets into Zhipu's investor lineup.
Since last year, Zhipu has demonstrated strong momentum in fundraising. On December 17th last year, Zhipu successfully completed a new round of financing of 3 billion RMB, attracting multiple strategic investors and state-owned capital institutions, including those from Beijing Haidian Zhongguancun Science City. In March this year, Zhipu secured another strategic financing exceeding 1 billion RMB, with investors including Hangzhou City Investment Industry Fund and Shangcheng Capital. With the addition of Zhuhai Huafa Group, Zhipu's investor team has further expanded, encompassing state-owned capital from Beijing, Hangzhou, and Zhuhai.
Zhipu, a domestic AI large model innovation company whose valuation has surpassed 20 billion RMB, holds a leading position not only in valuation but also in technological strength and market prospects. The company previously revealed that 2025 will be its open-source year, during which it will release a new large model encompassing base models, inference, multi-modality, and Agents, and plans to open-source it, injecting new vitality into the AI industry.
Zhuhai authorities stated that this collaboration will help promote the construction of Zhuhai's "Cloud Smart City," accelerate the application of AI technology in Zhuhai, and cultivate a competitive AI industrial ecosystem. Zhipu expressed its commitment to maintaining an open and collaborative approach, working hand-in-hand with all parties to promote the prosperity and development of the AI industry.
