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Zhipu AI announces second price cut in a month, CEO says “not a simple price war”
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TechNode
Chinese artificial intelligence company Zhipu AI on Wednesday announced its second price cut in a month, slashing the price tag of its “most popular model” by more than half.
GLM-4-0520, the most advanced model built by Zhipu AI, has a context window of 128,000 tokens with RMB 1 for every 10,000 input tokens.
The deep discounts are a result of “iterations of the models’ core technologies,” Zhang said at a Zhipu AI open day on Wednesday.
Context: Zhipu AI has received at least nine rounds of financial injections from Chinese state-backed funds, major tech companies, and well-known venture capital firms since it was founded in 2019.
The Beijing-based company also acts as an investor and has invested in seed and angel rounds in rival ModelBest, a firm similar to Zhipu AI that was founded by Tsinghua University graduates.
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