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flag Chinese AI startup Zhipu secures $137M funding to expand AI tech amid US trade restrictions.

flag Zhipu AI, a Chinese AI startup backed by Alibaba and Tencent, has secured over 1 billion yuan ($137 million) in funding. flag Investors include state-backed firms like Hangzhou City Investment Group Industrial Fund. flag The funds will help Zhipu enhance its AI technology and expand its ecosystem, focusing on areas like medical imaging and autonomous driving. flag 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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