Shanghai state-owned assets invested 1 billion yuan in Zhipu to jointly build a closed loop of computing power, electricity, and large models
Zhipu, one of the "Six Little Tigers of AI Big Models", has received a strategic investment from Shanghai state-owned assets. At the Zhipu Open Platform Industry Ecosystem Conference held on July 2, Pudong Venture Capital Group and Zhangjiang Group announced that they would make a strategic investment of 1 billion yuan in Zhipu and complete the first transaction in the near future. Both Pudong Venture Capital Group and Zhangjiang Group are affiliated to the State-owned Assets Supervision and Administration Commission of Pudong New Area, Shanghai. According to incomplete statistics, Zhipu has completed more than ten rounds of financing, with a cumulative financing scale of more than 10 billion yuan. Investment institutions include Hillhouse Capital, Qiming Venture Partners, Legend Capital, etc.