corp
L1
Zhipu AI
What Zhipu AI is up to now
Completed a 1GW all-domestic-chip training site (Z.AI) and ships the GLM line — the clearest proof China can train at frontier scale without Nvidia. Its open-weight GLM-5.2 was even the model Hugging Face used to investigate OpenAI's containment breach.
as of 2026-07-24
Sphere china
The metrics
- Posture med
- expanding 3 src →
- Capital · available med
- ~$7-8B cumulative capital raised across all rounds (2023 series ~$350M -> May-2024 $400M @ ~$3B valuation -> 2025 state-linked rounds ~$1.4-1.9B -> Jan-2026 HK IPO $558M -> Jul-2026 $4B HK … 7 src →
- Capital · operating low
- revenue figures reported but inconsistent across sources — 2024 ARR reported ~$168M; a post-IPO earnings report cited revenue growth of 132% yoy while total revenue stayed 'under $105M' … 2 src →
- Capital · deployed low
- 1-gigawatt AI datacenter built on all-domestic chips (multiple 10,000-chip clusters, zero Nvidia silicon) completed/announced Jul-2026, alongside a self-developed inference-chip effort — the … 1 src →
- Capital · in med
- VC + Big-Tech strategic (Alibaba/Tencent/Meituan/Ant/Xiaomi/HongShan 2023; Prosperity7 2024) -> Chinese state/government guidance funds (Shanghai, 2025) -> public capital markets (HK IPO … 2 src →
- Capital · out med
- 1GW domestic-chip datacenter buildout + self-developed inference chips; compute shortage reported Feb-2026 (user signup restrictions) suggests spend has not kept pace with demand 1 src →
- Optionality med
- constrained — Chinese state/municipal guidance-fund investors (Shanghai, ~2025) sit alongside Big-Tech strategics (Alibaba/Tencent/Meituan/Ant); added to the US Commerce Dept Entity List … 3 src →
- Gravity low
- no clean $ figure — sub-$200M/yr disclosed revenue (2024 ARR ~$168M, growing fast per 2026 earnings) is the only hard number; broader touch includes open-weight GLM model adoption … 3 src →
Holdings
Glm
Projects & threads
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China's Stack
border dispute
— open · last seen 2026-07-26
· 10 entries
Full item history for Zhipu AI →
Vocabulary