GuShiio.com Article source: Titanium Media
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Hangzhou’s state-owned capital invested in the “Six Tigers” model for the first time.
On March 3, titanium media AGI learned that Zhipu, one of the domestic AI “six big model tigers” and with a valuation of 20 billion yuan, recently completed a strategic financing worth more than 1 billion yuan. The participating investors include Hangzhou City Investment Industry Fund, Shangcheng Capital, etc.
This round of financing aims to promote technological innovation and ecological development of the China-made base GLM model.
News shows that Zhipu has established Zhejiang Zhipu Xinpian Technology Co., Ltd. in Hangzhou, relying on cutting-edge AI and large model technology to better serve the booming economic entities in Zhejiang Province and the Yangtze River Delta region, and comprehensively promote the transformation and upgrading of the digital industry based on AI technology.
This is the first time that Hangzhou State-owned Assets has participated in a new round of investment in AI model company Intelligent Spectrum after the craze of “Hangzhou Six Little Dragons”(Game Science, Deep Quest, Yushu Technology, Yunshen Technology, Qiangnao Technology and Group Nuclear Technology). At the same time, this may also be an important round of strategic financing before Intelligent Spectrum’s IPO.
Zhipu was established in 2019 with the vision of “letting machines think like humans”. It was transformed from the technical achievements of the Department of Computer Science of Tsinghua University. It originated from the Knowledge Engineering (KEG) Laboratory of Tsinghua University. It is the earliest large-scale model in China. One of the companies on the track and one of the representatives of domestic head model manufacturers.
Since Smart Spectrum AI launched the ChatGLM series of hundreds of billions of open source dock dialogue models in March 2023,The GLM big model has gone through four major version iterations and has released more than 20 AI model technologies and products.At the same time, at the To B level, as of the end of 2023, Intelligent Spectrum AI has more than 2000 ecological partners and more than 1000 large-scale applications. More than 200 companies have conducted in-depth co-creation with Intelligent Spectrum AI, covering multiple leading companies in multiple segments such as media, consulting, consumption, finance, new energy, Internet, and smart office.
Intelligence divides the development path of AGI into five levels: L1 pre-training large model, L2 aligned reasoning, L3 self-learning, L4 self-cognition, and L5 conscious intelligence. AGI is currently at a critical stage of development from L2 to L3. The overall trend is that the essence of Scaling Law remains unchanged. The key to the model effect lies in the improvement of ultra-large-scale and high-quality data, model algorithms and computing power.
In terms of financing, Intelligent Intelligence AI has completed eight rounds of financing.
Among them, the cumulative financing amount of Intelligent Intelligence AI in 2023 will exceed 2.5 billion yuan. The investors include Junlian Capital, Qiming Venture Capital, Zhongke Chuangxing, Meituan, Ant, Ali, Tencent, Xiaomi, Jinshan, Shunwei, Boss Direct Recruitment, Good Future, Sequoia, Hillhouse and many other institutions; in March 2024, the Beijing City Artificial Intelligence Industry Investment Fund participated in the investment of Intelligent Intelligence Huazhang; In June this year, Prosperity7, a fund managed by Saudi Aramco’s venture capital arm, invested in Intelligent Intelligence AI, and the total financing amount in this round reached US$400 million (approximately RMB 2.894 billion).
2025 will also be the open source year for Intelligent Spectrum. Intelligent Spectrum will soon release new large models (including base models, inference models, multimodal models, Agents, etc.) and open source them.
In addition, Intelligent AI has also established a “Plan Z” venture capital fund to invest in more start-ups in the AI field. Zhang Peng, CEO of Intelligent Spectrum AI, once revealed that Intelligent Spectrum has linked a total of 1200+ large-scale model start-up projects so far, of which more than 20 have been invested and more than 30 companies have been incubated.
