Alibaba-Backed Zhipu AI Eyes IPO Amid Funding Boost and New Model Launches

Published 10 days agoBABA

Alibaba-Backed Zhipu AI Eyes IPO Amid Funding Boost and New Model Launches

Zhipu AI, supported by Alibaba, is gearing up for an initial public offering (IPO) as early as 2025. According to Insider Monkey, this potential move to enter public markets could significantly enhance the startup's growth trajectory.

The company has recently secured over $138 million in strategic funding from key investors like the Hangzhou Urban Investment Industrial Fund and Shangcheng Capital. This funding represents a substantial commitment from state-owned entities in Hangzhou, signaling robust support for Zhipu's initiatives in the burgeoning AI field.

In addition to its financial maneuvers, Zhipu is enhancing its technological capabilities by planning the release of a new series of open-source large models in 2025. These include foundation models and advanced reasoning models. Furthermore, the introduction of AutoGLM, an AI agent unveiled at the 2025 Zhongguancun Forum, underscores its commitment to advancing AI innovation. The company is also focused on developing a path toward Artificial General Intelligence (AGI), concentrating on enhancing large model reasoning and self-learning capabilities.

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