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Chinese AI startup Zhipu secures $137M funding to expand AI tech amid US trade restrictions.
Zhipu AI, a Chinese AI startup backed by Alibaba and Tencent, has secured over 1 billion yuan ($137 million) in funding.
Investors include state-backed firms like Hangzhou City Investment Group Industrial Fund.
The funds will help Zhipu enhance its AI technology and expand its ecosystem, focusing on areas like medical imaging and autonomous driving.
Despite being added to a US trade-restrictions list, Zhipu plans to launch new AI models this year and make them open-source.
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La startup china de IA Zhipu asegura financiación de $137M para expandir la tecnología de IA en medio de las restricciones comerciales estadounidenses.