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Z.ai Plans $5 Billion Fundraising

Z.ai Plans $5 Billion Fundraising as Compute Cost Grows

Z.ai is raising about $5 billion through equity and convertible bond offerings, seeking to replenish its warchest in the increasingly costly race to develop frontier AI models. Hong Kong-listed Z.ai said in a regulatory filing on Sunday that it plans to raise $2 billion through…

Source: The Information · Opens in new tab