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Zhipu AI
Zhipu AI (智谱AI), formally known as Beijing Zhipu Huazhang Technology, is a Chinese technology company specializing in artificial intelligence. As of 2024, it is one of China's "AI Tiger" companies by investors and considered to be the third largest LLM market player in China's AI industry according to the International Data Corporation. History The startup company began from Tsinghua University and was spun out as an independent company. In 2023, it raised 2.5 billion yuan with the help of Alibaba Group Holding and Tencent Holdings. Other investors of the company include Ant Group, Meituan, Xiaomi and HongShan. In May 2024, Prosperity7 Ventures, LLC, a Saudi Arabian finance firm, funded Zhipu AI US$400 million. In March 2024, Zhipu AI said that they were developing a Sora-like technology to achieve artificial general intelligence (AGI). In July 2024, they debuted their "Ying" text-to-video model. After OpenAI announced an API block for their services in some area ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HongShan
HongShan Capital Group (HSG; ) is a Chinese venture capital firm founded in 2005. It was previously the China investment arm of Sequoia Capital (Sequoia) and was known as Sequoia Capital China and Sequoia China before it was rebranded and spun-off as an separate entity. HongShan is headquartered in Hong Kong, with additional offices in Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ..., Shanghai, London, Singapore, and Shenzhen. HongShan has expanded its focus over the years beyond early-stage investing to also cover growth stage, infrastructure, healthcare and consumer, and buyout funds. The firm manages around $56 billion in assets. Background Sequoia China (2005 to 2023) In 2005, Neil Shen and Zhang Fan co-founded Sequoia China with under the guidance of Sequoia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |