#foundation models Tech News.
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AITechNodeabout 2 hours ago
Z.ai Secures $5B for Next-Gen GLM ModelsZ.ai has completed a financing round worth approximately US$5 billion. The round includes about US$2 billion from a share placement and roughly US$3 billion through convertible bonds. The company plans to use the funds for next-generation GLM foundation models, a fully self-training system, large-scale training and inference, computing resources, and infrastructure upgrades.
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