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Saudi Aramco's venture capital arm, Prosperity7, has invested in Chinese AI startup Zhipu AI's $400 million funding round, signaling a significant move in the tech investment landscape. Zhipu AI, valued at around $3 billion, is set to expand its market reach beyond China with this new injection of capital. The company is known for its innovative AI models, including the GLM-130B, a bilingual trillion-scale pre-trained model.
The partnership between Saudi Arabia and China is strengthening, with increased capital flow from the Middle East into Chinese markets and active expansion of Chinese enterprises in Saudi Arabia. This investment by Prosperity7 marks a milestone as the first major foreign investment in one of China's leading large model companies. The absence of U.S. funds in this scenario highlights the growing importance of Saudi Arabia in China's tech ecosystem.
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