Last week, Chinese AI startup ZhipuAI announced it secured RMB 2.5 billion ($342 million) in funding this year. Investors, including social insurance funds, Alibaba, and Tencent, have propelled the state-backed company’s valuation to over RMB 10 billion. Notable investors in ZhipuAI also include Meituan, Xiaomi, and Kanzhun…
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