China’s Zhipu AI, a startup founded by a professor from Tsinghua University, has raised 2.5 billion yuan ($340 million) in funding. The company has released a bilingual AI model, ChatGLM-6B, that understands Chinese and English, as well as a larger open-source model, the GLM-130B. Zhipu AI aims to compete with global AI giants and has attracted investment from prominent Chinese firms like Ant Group, Alibaba, and Tencent. The funding will help the company continue its development and research in the field of artificial intelligence.
Chinese Startup Zhipu Secures $340 Million in Funding
China and the US have been competing for AI supremacy, with China catching up quickly. China has established regulations early on to protect its sociopolitical status and values. The US, on the other hand, has nurtured AI entities and has a powerful tech sector.
Chinese AI giants, anticipating potential semiconductor bans, have invested in stockpiling critical chips. Baidu and Tencent have released China’s first public chatbots that rival their US counterparts. Zhipu AI, a Chinese foundation model developer, recently raised $340 million in funding.
What Does This Mean for Your Company?
If you want to evolve your company with AI and stay competitive, you can use the success of Chinese startup Zhipu as a valuable example. Here are some practical AI solutions:
- Identify Automation Opportunities: Find customer interaction points that can benefit from AI.
- Define KPIs: Make sure your AI initiatives have measurable impacts on business outcomes.
- Select an AI Solution: Choose tools that meet your needs and offer customization.
- Implement Gradually: Start with a pilot, collect data, and expand AI usage wisely.
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