Beijing AI Unicorn Valued at $20B Launches IPO
Beijing-based large model developer, Zhipu AI, has initiated an IPO process, with a valuation of 20 billion yuan. This marks another significant move in China's AI sector as the company seeks public listing.
According to a report by 36Kr, a major Chinese tech media outlet, Beijing-based AI company Zhipu AI, known for developing large language models, has started the process for an initial public offering (IPO). The company is valued at approximately 20 billion yuan (around $2.8 billion). This makes it one of the most valuable AI startups in Beijing to pursue a public listing. The move underscores the rapidly growing commercial interest in AI technologies within China.
- Abbreviations
- IPO = Initial Public Offering — первичное публичное размещение акций
Source: Zhipu GLM (GNews) —
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