China’s OpenAI Challenger Zhipu AI Secures Over CNY 2.5 Billion to Step Further on Large-Scale Model
Beijing Knowledge Atlas Technology Co., Ltd. (Chinese: 北京智谱华章科技有限公司), or Zhipu AI, has attained more than CNY 2.5 billion in financing this year. The investors include Zhongguancun Independent Innovation Fund (Chinese: 社保基金中关村自主创新基金), Meituan, Ant Group, Alibaba, Tencent, Xiaomi, Kingsoft, Shunwei Capital, Boss Zhipin, TAL, Sequoia Capital, Hillhouse Capital and other big names, with follow-on investments from original shareholders such as Legend Capital. The proceedings will be used to support further research and development of the large-scale pre-trained language model, supporting industry ecology more effectively while achieving high-speed development with partners.
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ByteDance Creates a "Xiaohongshu" Overseas?
A Chinese internet product has gained significant traction overseas. According to Google Play, it has surpassed 10 million downloads, and on the Apple Store’s U.S. “Lifestyle” category, it has ranked as the top downloaded app. According to incomplete statistics, its global cumulative downloads have exceeded 16 million this year. This product, Lemon8, developed by ByteDance, has become a new viral sensation in global social apps.
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