Zhipu Seeks $2.2 Billion Shanghai Listing to Fuel AI Expansion
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The move highlights the fundraising push among China’s generative AI startups as they tap capital markets to finance the high costs of computing power and model development. Photo: IC photo
Chinese artificial intelligence (AI) startup Knowledge Atlas Technology Joint Stock Co. Ltd. plans to raise 15 billion yuan ($2.2 billion) through a secondary listing on Shanghai’s tech-focused STAR Market, just months after its blockbuster debut in Hong Kong.
The move highlights the fundraising push among China’s generative AI startups as they tap capital markets to finance the high costs of computing power and model development.
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