Saudi Aramco invests in Chinese AI startup Zhipu AI, valued at $3 billion

According to foreign media reports,Saudi ArabiaProsperity7, the venture capital arm of Saudi Aramco, the Arab state oil conglomerate, has invested in a Chinese generative artificial intelligence startupZhipu AIA new roundFinancingThe investment amount was approximately US$400 million, bringing the valuation of Zhipu AI to approximately US$3 billion.

Saudi Aramco invests in Chinese AI startup Zhipu AI, valued at $3 billion

Source Note: The image is generated by AI, and the image is authorized by Midjourney

It is reported that Zhipu AI, founded in 2019, is a technology achievement transformation company of the Department of Computer Science at Tsinghua University, led by the famous scholar Professor Tang Jie. The company has made remarkable achievements in the field of generative artificial intelligence, including the development of the GLM pre-training architecture, the training of the 10 billion parameter model GLM-10B, and the launch of the dialogue model ChatGLM based on the 100 billion base in 2023, and the open source single-card model ChatGLM-6B. In January this year, Zhipu AI launched the new generation of base large model GLM-4.

Although top global technology investors such as SoftBank and Tiger Global have taken a wait-and-see attitude in the field of generative artificial intelligence, the support of the Saudi fund for Zhipu AI shows that international capital is increasingly interested in Chinese AI technology. This investment not only brings financial support to Zhipu AI, but also helps it expand in the international market.

Last October, Zhipu AI announced that it had received more than RMB 2.5 billion in financing, with participants including the Social Security Fund Zhongguancun Independent Innovation Fund, Meituan, Ant, Alibaba, Tencent, Xiaomi, Kingsoft, Shunwei, Boss Zhipin, Good Future, Sequoia, Hillhouse and other well-known institutions and companies, as well as some old shareholders. This shows that Zhipu AI has a strong development momentum in the field of artificial intelligence.

As of now, Zhipu AI has not commented on this.

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