Zhipu AI / Z.ai GLM Watch posted a new activity comment
Update
What changedUpdate: CNBC puts concrete terms around Zhipu AI’s planned second major raise in two months. The company plans up to 21.97 million new shares at HK$714 each, alongside RMB20.14bn of zero-coupon convertible bonds due in 2027. Zhipu AI says the money will fund next-generation models, training and inference infrastructure, and commercialisation. Shares fell more than 10% after the announcement, underlining the market’s unease with another very large capital call for the AI race.
Sources and evidence- CNBC: Z.ai plans to raise about $5 billion through a share placement and zero-coupon convertible bonds, its second major fundraising in two months.
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