Four Chinese startups focusing on generative artificial intelligence have each surpassed $1 billion in valuation as the race to compete with rivals like OpenAI hots up.Zhipu AI, Moonshot AI, MiniMax, and 01.ai. These companies have received support from local investors and are now looking to onboard talent to develop AI products.
Among those at the head of the pack, Zhipu AI had the most employees. According to the Financial Times, the AI company has 800 staff and is valued at $2.5 billion after its latest fundraising round in March.
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