Zhipu AI, an artificial intelligence company, recently announced the completion of a new round of financing exceeding 2.5 billion RMB. This round of financing was participated by institutions such as the Zhongguancun Independent Innovation Fund under the Social Security Fund, along with some existing shareholders. It is reported that the funds from this round of financing will primarily be used for further research and development of Zhipu AI's foundational large models. Since 2020, Zhipu AI has been developing the GLM large model and has successfully trained models with hundreds of millions and even thousands of billions of parameters. Most recently, they have also open-sourced a single-card version of the thousand-billion-parameter conversational model, ChatGLM.