US-blacklisted Zhipu AI pockets fresh funding from Chinese state firm

US-blacklisted Zhipu AI pockets fresh funding from Chinese state firm

FILE PHOTO: A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese AI startup Zhipu AI secured 500 million yuan ($69.04 million) in funding from state-owned Huafa Group, just earlier this month announcing a separate 1 billion yuan capital raise.

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