Skip to main content
Home

Panorica

Main navigation

  • Ford
  • Toyota
  • Honda
  • Nissan
  • Hyundai
  • Kia
User account menu
  • Contact

Breadcrumb

  1. Home
  2. Zhipu AI
  3. How China's Zhipu AI is challenging OpenAI with its $340 million funding from tech giants

How China's Zhipu AI is challenging OpenAI with its $340 million funding from tech giants

How China's Zhipu AI is challenging OpenAI with its $340 million funding from tech giants

Zhipu AI, a Chinese artificial intelligence (AI) research lab, has raised $340 million in a Series A round led by some of the country's tech giants, such as Tencent, Alibaba, ByteDance, and Meituan. The funding will help Zhipu AI pursue its ambitious goal of creating artificial general intelligence (AGI), a type of AI that can surpass human intelligence and perform any task. Zhipu AI is often compared to OpenAI, the US-based research organization that is backed by some of the biggest names in tech, such as Elon Musk, Microsoft, and Facebook.

Zhipu AI's origin and vision

Zhipu AI was founded in 2021 by a group of former Baidu researchers who left the Chinese search giant after it disbanded its AI lab. Zhipu AI claims to have more than 200 researchers and engineers who are working on various AI domains, such as natural language processing, computer vision, reinforcement learning, and robotics.

Zhipu AI aims to create an AI system that can learn from any data source and perform any task, similar to OpenAI's vision of AGI. Zhipu AI also plans to build a supercomputer that can rival OpenAI's GPT-3, the world's largest and most powerful language model. GPT-3 can generate coherent and diverse texts on almost any topic and has been used for various applications, such as chatbots, content creation, and code generation.

Zhipu AI's co-founder and CEO, Liang Junbin, said that the company's goal is to make AI more accessible and beneficial for everyone. He said that Zhipu AI wants to collaborate with other researchers and developers in the AI community and share its resources and findings with the public.

Zhipu AI's products and applications

Zhipu AI has already launched several products based on its AI models, such as a chatbot platform, a content generation platform, and a smart assistant platform. These products are designed to help businesses and individuals improve their productivity, creativity, and communication.

For example, Zhipu AI's chatbot platform allows users to create customized chatbots for various scenarios, such as customer service, e-commerce, education, and entertainment. Zhipu AI's content generation platform enables users to generate high-quality texts for different purposes, such as marketing, journalism, blogging, and social media. Zhipu AI's smart assistant platform provides users with intelligent assistants that can help them with tasks like scheduling, booking, travel planning, and information retrieval.

Zhipu AI's products have attracted many customers and partners from different industries and sectors, such as media, education, health care, finance, and entertainment. Some of the notable names include Xinhua News Agency, China Central Television, Tsinghua University, Peking University, Ping An Insurance, and iQiyi.

Zhipu AI

Zhipu AI's funding and valuation

Zhipu AI has recently attracted a lot of attention and investment from China's tech titans, who are eager to tap into its potential and compete with their US counterparts. According to a report by TechCrunch, Zhipu AI has raised $340 million in a Series A round led by Tencent, Alibaba, ByteDance, and Meituan. The valuation of Zhipu AI is estimated to be around $1.5 billion.

The funding will help Zhipu AI expand its research team, scale up its computing infrastructure, and develop more applications for its AI technology. The funding will also give Zhipu AI access to its investors' massive user bases and data sources, which could boost its AI capabilities and performance.

Zhipu AI's investors have expressed their confidence and support for the company's vision and mission. Tencent's president, Martin Lau, said that Zhipu AI is "one of the most innovative and influential AI research labs in China." Alibaba's vice president, Jeff Zhang, said that Zhipu AI is "a pioneer in the field of AGI." ByteDance's chief technology officer, Ma Weiying, said that Zhipu AI is "a leader in natural language processing." Meituan's senior vice president Wang Huiwen said that Zhipu AI is "a trailblazer in reinforcement learning."

Zhipu AI

Zhipu AI's challenges and opportunities

Zhipu AI's rise reflects China's AI industry's rapid growth and innovation, which the government's policies and initiatives have supported. China has declared AI a strategic priority and a national goal and invested heavily in developing its talent pool, infrastructure, and ecosystem.

China's AI industry also faces some challenges and risks, such as ethical issues, data privacy concerns, and geopolitical tensions. Some experts have warned that China's pursuit of AGI could pose a threat to global stability and security, especially if it falls into the wrong hands or becomes uncontrollable.

Zhipu AI's co-founder and CTO, Wang Haifeng, said that the company is aware of the potential dangers of AGI and is committed to ensuring its safety and alignment with human values. He said that Zhipu AI follows the principles of responsible AI development, such as transparency, fairness, accountability, and social good.

Zhipu AI is not the only Chinese challenger to OpenAI. Other research labs and startups are working on similar projects, such as Huawei's MindSpore, Alibaba's DAMO Academy, Baidu's PaddlePaddle, and SenseTime's SenseBrain. These players are also competing for talent, resources, and market share in the global AI arena.

The competition between China and the US in AI will likely intensify in the coming years as both countries strive to achieve technological supremacy and economic dominance. The race for AGI could be the ultimate battleground for this rivalry, as it could have profound implications for humanity's future.

Brand

  • Zhipu AI
  • OpenAI

Category

  • Business

Labels

  • Artificial Intelligence
  • AI research lab
  • China AI industry
  • Natural Language Processing
  • AI funding
  • AI products
  • AI competition
Country
China
Panorica
By Panorica, 24 October, 2023
  • Add new comment
  • 106 views

Nissan and Anaplan: Driving Automotive Innovation Through AI and Predictive Planning

Nissan and Anaplan

Nissan

AI automotive innovation

Nissan AMIEO is advancing its digital transformation efforts by integrating artificial intelligence (AI) and machine learning (ML) through a… Continue reading...

Stellantis is accelerating its progress towards autonomous driving

Stellantis is accelerating its progress towards autonomous driving

Stellantis

Self-driving cars

Stellantis and aiMotive, one of the first companies to make cutting-edge AI solutions and software for self-driving cars, made their new deal public. … Continue reading...

Polestar is now a Nasdaq-traded company

Polestar 3

Polestar

Polestar 3

On June 24th, shares of Polestar will begin trading on the Nasdaq in New York. The stock symbol for Polestar is PSNY. The IPO in the United States is a significant step for the… Continue reading...

The MINI Cooper SE electric car remains the best-selling MINI vehicle

MINI Cooper SE

Mini

Mini Cooper SE

Despite a difficult year, the British premium manufacturer MINI sold 292,923 vehicles in 2022. Plug-in automobiles accounted for 21% of total sales, with the all-electric MINI Cooper… Continue reading...

Stellantis and CATL to boost electric vehicle production in Europe with LFP batteries

Stellantis and CATL

Stellantis

European EV market

Stellantis, the world’s fourth-largest automaker, and CATL, the leading battery manufacturer in China, have signed a strategic memorandum of understanding (… Continue reading...

Amplify Cell Technologies Begins Construction of Mississippi Battery Cell Factory

Amplify Cell Technologies Begins Construction of Mississippi Battery Cell Factory

PACCAR

Battery cell factory

Amplify Cell Technologies, a pioneering joint venture among Accelera, Daimler Trucks & Buses US Holding LLC, and PACCAR, has recently commenced construction on its state-of-the-… Continue reading...

Tesla Optimus Gen 2: Can This $20,000 Robot Revolutionize Industries?

Tesla Optimus Gen 2: Can This $20,000 Robot Revolutionize Industries?

Tesla

Tesla Optimus Gen 2

Elon Musk's vision for a humanoid robot workforce inches closer to reality with the unveiling of Optimus Gen 2. This next-generation iteration of Tesla's ambitious… Continue reading...

Tesla now sells products for Dogecoin

Giga Texas Belt Buckle

Tesla

From now on, Tesla will sell some of its products for the Dogecoin cryptocurrency. However, these are not electric cars, only merchandise products, as Tesla boss Elon Musk… Continue reading...

Jeep's 4xe SUVs have been very well received on the Italian market

Jeep's 4xe SUVs have been very well received on the Italian market

Jeep

Plug-in hybrids

The three-day "International Off-road Fair" in Versilia, Italy, featured exciting test drives of the Jeep Wrangler 4xe, Jeep Compass 4xe, and the… Continue reading...

Cupra plans bigger electric cars to conquer US market

Cupra plans bigger electric cars to conquer US market

Cupra

US market

Cupra is switching to electromobility faster than its sister brand Seat. The Spaniards, who rely on sporty cars, are currently working on three vehicles, including two fully electric… Continue reading...

Hertz Shifts Gears: Selling 20,000 EVs to Fuel Gasoline Fleet Expansion

Hertz Shifts Gears: Selling 20,000 EVs to Fuel Gasoline Fleet Expansion

Hertz

Automotive industry

Hertz, the iconic car rental company, is making a strategic pivot. In a bold move, the company is selling off a significant portion of its electric vehicle (EV) fleet—approximately… Continue reading...

Lamborghini Breaks Sales Records in 2024: Revenue Surges to $2.5 Billion

Lamborghini sales

Lamborghini

Lamborghini record sales

Automobili Lamborghini has set new sales records in the first nine months of 2024, reinforcing its status as a global leader in the luxury automotive market. The… Continue reading...

Conferences come back to face climate change

climate change

Event planners

The coronavirus may have changed how people work in the office, but it has not changed how people go to conferences. Event planners want to go back to having meetings in person as… Continue reading...

Alfa Romeo takes orders for the new Giulia and Stelvio

Alfa Romeo Giulia

Alfa Romeo

Alfa Romeo Giulia

The new Alfa Romeo Giulia and Stelvio are available to order from Italian showrooms. The new Giulia and Stelvio represent the stylistic and technological evolution of two award-… Continue reading...

Volkswagen Group's Electric Car Sales Surge by 50% in First Half of 2023

Volkswagen Group's Electric Car Sales Surge by 50%

Volkswagen

Electric cars

The Volkswagen Group is on a roll with its electric car strategy, delivering nearly 500,000 battery-electric vehicles (BEVs) worldwide in the first six months of 2023, a 50% increase… Continue reading...

2025 Subaru Outback and Legacy: Familiar Favorites Get Standard Feature Bump, No Price Hike

2025 Subaru Outback and Legacy: Familiar Favorites Get Standard Feature Bump, No Price Hike

Subaru

Subaru Outback

The beloved Subaru Outback SUV and Legacy sedan are back for 2025, and they're bringing some welcome upgrades without a bump in starting price. Let's delve into what these crowd-… Continue reading...

Electric Truck Demand Rises as Daimler Faces Q2 Sales Drop

Electric Truck Demand Rises as Daimler Faces Q2 Sales Drop

Daimler Truck

Electric trucks

Daimler Truck Q2 2025 Unit Sales OverviewDaimler Truck reported Q2 2025 global unit sales of 106,715, down 5% from 112,195 units in Q2 2024… Continue reading...

Ford reveals its updated battery supply strategy

Ford reveals its updated battery supply strategy

Ford

Car battery manufacturing

Ford has announced a series of raw material sourcing initiatives for battery production in response to the high demand for its new electric vehicles. These initiatives show the… Continue reading...

Toyota scientist insists on hybrid vehicles and warns of resource shortages

Toyota scientist insists on hybrid vehicles and warns of resource shortages

Toyota

Hybrid vehicles

The market for electric cars is exploding, and several automakers plan to start selling electric vehicles within the next few years, at least in the most critical regions. On the… Continue reading...

Honda's November Sales Show Strong Demand for Its Vehicles and High Residual Value

Honda's November Sales Show Strong Demand for Its Vehicles and High Residual Value

Honda

Market share

Honda is one of the leading automakers in the US market, offering a wide range of vehicles that appeal to different customers. In November 2023, Honda posted robust sales results… Continue reading...

Panorica

Latest news

2026 Nissan Rogue Adds Dark Armor Grade and Expands Tech at $28,790

Nissan Rogue Dark Armor

Ulm and Neu-Ulm Invest in 37 Mercedes-Benz eCitaro Electric Buses

Mercedes-Benz eCitaro Electric Buses

Hyundai Unveils EV Pods and Charging Robots at Red Dot 2025

Hyundai Unveils EV Pods and Charging Robots at Red Dot 2025

DAF Launches Low-Chassis XD, XF, XG, XG+ Trucks for Car Transport Efficiency

DAF Launches Low-Chassis XD, XF, XG, XG+ Trucks for Car Transport Efficiency

CUPRA Formentor, Leon Updated With Matrix LED and New Trim

CUPRA Formentor, Leon Updated With Matrix LED and New Trim

Fiat 600 Hybrid Wins 2025 Best Mild Hybrid SUV Award

Fiat 600 Hybrid

Porsche Taycan and Cayenne Black Edition Models Push Premium Performance Further

Porsche Taycan and Cayenne Black Edition

Electric Truck Demand Rises as Daimler Faces Q2 Sales Drop

Electric Truck Demand Rises as Daimler Faces Q2 Sales Drop

Vauxhall Launches Targeted Summer Finance Deals to Capture UK Van Fleet Growth

Vauxhall Launches Targeted Summer Finance Deals to Capture UK Van Fleet Growth

New Ford Ranger PHEV Launches with 43 km EV Range and 3,500 kg Towing Capacity

2025 Ford Ranger PHEV

Pagination

  • 1
  • Next page

Partners

»EV stories »Car Division »Gerane

Popular news

The Volvo EX90 electric SUV is built from recycled plastic and bio-based elements

The Volvo EX90 electric SUV is built from recycled plastic and bio-based elements

Citroen e-Berlingo: The Electric Family Car That Does It All

Citroen e-Berlingo

Nio ET7: The Chinese EV that could rival Tesla in the US market

Nio ET7

The Mobilize Solo concept is breaking away from traditional car design

Mobilize Solo concept

Noiva Do Cordeiro is inhabited only by women

Noiva Do Cordeiro

Renault Rafale E-Tech 4x4 300 HP: The Thrill of Hybrid Performance Perfected

Renault Rafale E-Tech 4x4 300 HP

2026 Nissan Rogue Adds Dark Armor Grade and Expands Tech at $28,790

Nissan Rogue Dark Armor

2024 Chevrolet Corvette Z06 GT3.R: The Ultimate Track-Ready Racing Machine

2024 Chevrolet Corvette Z06 GT3.R: The Ultimate Track-Ready Racing Machine

Skoda Enyaq RS Race Cuts 700 Pounds With Flax Fiber Tech

Škoda Enyaq RS Race

Discover the 25YM Honda X-ADV: A Power-Packed Scooter-Motorcycle Hybrid

Discover the 25YM Honda X-ADV: A Power-Packed Scooter-Motorcycle Hybrid

Pagination

  • 1
  • Next page
Toyota
Mercedes-Benz
Ford
Nissan
Volkswagen
BMW
Kia
Citroen
Fiat
Honda
Jeep
Peugeot
Hyundai
Audi
Porsche
Opel
Skoda
Renault
Dacia
Polestar
Lancia
Alfa Romeo
Volvo
Tesla
RSS feed
2024 Honda CR-V: What You Need to Know About the New Sport-L Trim
2025 Toyota Prius Nightshade Edition
2025 Nissan Interstar
2025 Opel Grandland
2025 Toyota Sienna Elevates Safety with New Seat Reminder and Interior Upgrades
Fiat Strada
Toyota Hilux Champ
Audi Themes

Panorica.com · 2025 · Contact· Privacy Policy· Powered by Drupal