TECH - OpenAI Competitor Zhipu AI Secures $400M from Saudi Arabia's Prosperity7 | Benzinga
Microsoft Corp (NASDAQ:MSFT) backed OpenAI’s rival in China, Zhipu AI, is attracting significant foreign investment from Saudi Arabia’s Prosperity7, a part of Aramco’s venture capital arm.
Prosperity7’s $400 million investment in Zhipu AI values the start-up at approximately $3 billion, making it the first notable foreign backer for one of China’s leading generative AI companies.
Zhipu AI, along with its peers Moonshot AI, MiniMax, and 01.ai, has traditionally relied on support from government funds and local cloud providers, the Financial Times reports.
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