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US-blacklisted Zhipu AI raises $257m from Chinese state investors

US-blacklisted Zhipu AI raises $257m from Chinese state investors

FILE PHOTO: Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration

Chinese AI startup Zhipu AI has secured 300 million yuan ($41.5 million) in investment from a Chengdu government-backed fund, state media, the Beijing News reported on Wednesday, in the latest move by Chinese cities to support domestic AI development.

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