Zhipu AI Revenue Quintuples in First Half
Chinese artificial intelligence startup Zhipu reported a fivefold increase in first-half revenue to 953.9 million yuan as its net loss narrowed to 2 billion yuan. The firm continues to face intense domestic competition and mounting costs for research and development.
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Zhipu AI reported first-half revenue of 953.9 million yuan ($141.96 million), surging 400% from a year earlier. The Beijing-based startup is scaling sales of its AI models while adopting domestic chips. China remains the core battleground for the firm.
