AIThe Next Webabout 2 hours ago
Z.ai Raises $5B in Hong Kong
1 min read
Chinese AI model developer Z.ai, listed in Hong Kong as Zhipu, raised approximately $5 billion. The funding included $2 billion from a share placement at HK$714 per share and $3 billion from zero-coupon convertible bonds maturing in 2027. The capital is for research, computing infrastructure, and expansion. The raise occurred days after U.S. agencies named Z.ai in an advisory on model distillation.
Level
Hype check
Tap to vote and see what everyone thinks.
