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Alibaba, Tencent Join $340 Million Funding for AI Startup Zhipu

(Bloomberg) -- Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are among the influential Chinese investors that invested 2.5 billion yuan ($342 million) in AI startup Zhipu this year, part of a wave of capital flowing into a red-hot arena.Most Read from BloombergHere’s What 8% Mortgage Rates Will Do to the Housing MarketWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Ringgit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden’s Influence Turns...
United States Bloomberg Businessweek Robin Li Zhipu Huazhang Technology Co Bloomberg Alibaba Group Holding Ltd Baidu Inc
Source: yahoo.com

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