By June, a flurry of general-purpose and specialized models had emerged, contributing to China’s rapidly growing AI landscape. Zhipu AIFounded in June 2019, Zhipu AI is one of the few companies in China that predates the launch of ChatGPT. As one of the first companies to explore large language models, Zhipu AI has become a major player in the sector. Unlike some of the large models currently on the market that aim for a one-size-fits-all approach, Moonshot’s large model, Kimi Chat, is more focused on long-text capabilities. On August 7, 2024, media reports revealed that 01.AI had completed a new funding round, raising several hundred million dollars.