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Alibaba, Tencent among investors in China’s rival to OpenAI with $341 million funding

by Editor October 20, 2023, 3:10 pm 1.7k Views

Alibaba, Tencent among investors in China's rival to OpenAI with $341 million funding

An undated conceptual illustration of China’s technology aspirations.

Yaorusheng | Moment | Getty Images

Chinese technology giants including Alibaba and Tencent are among backers of Zhipu, the company said on Friday, an artificial intelligence start-up the country is hoping can be an answer to American firm OpenAI.

Zhipu has raised more than 2.5 billion Chinese yuan ($341 million) this year, the company said in a statement.

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