Chinese AI unicorn Zhipu holds first close of $211m ecosystem fund

Chinese AI unicorn Zhipu holds first close of $211m ecosystem fund

Photo by Possessed Photography on Unsplash

Beijing-based Zhipu AI, one of China’s fastest-rising large language model (LLM) startups, recently held the first close of a venture capital (VC) fund which targets to raise a total of 1.5 billion yuan ($210.6 million) to invest in early-stage LLM startups.

Edited by: Joymitra Rai