Zhipu has completed a $5 billion refinancing to expand its computing power

Zhipu stated in a telephone conference that the company has completed a $5 billion refinancing with a small cap and large bond structure, and the funds will be used for computing power expansion. After the release of GLM-5 by Zhipu in February, the demand for model calls increased tenfold, resulting in the depletion of computing power reserves and the discontinuation of Coding Plans. The company completed a $4 billion refinancing in July and raised another $5 billion on September 11th to expand its computing power layout. Currently, computing power can support business growth and model development. (Source: Jin Shi)