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US-Blacklisted Zhipu AI Secures Fresh Funding from Chinese State Firm

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Zhipu AI, a Chinese AI startup, has secured 500 million yuan ($69.04 million) in funding from Huafa Group, a state-owned conglomerate based in Zhuhai, Guangdong province. This follows the company’s earlier announcement in January of a separate 1 billion yuan capital raise. Huafa Group’s investment comes amid competition between Chinese cities to back promising AI startups, as Beijing views this sector as vital to its technological rivalry with the United States, according to Zhuhai Special Economic Zone Daily.

Earlier this month, Hangzhou City Investment Group Industrial Fund, a state-backed entity from Hangzhou, also participated in a major funding round for DeepSeek, a competitor of Zhipu AI, securing 1 billion yuan. This aligns with China’s push to strengthen its AI capabilities, as DeepSeek‘s large language models have gained attention for allegedly matching the performance of Western counterparts at lower development costs.

Founded in 2019, Zhipu AI is widely recognized as one of China’s “AI tigers”. The startup has drawn investments from prominent tech giants such as Tencent, Meituan, and Xiaomi, across over 15 funding rounds, according to business registration platform Qichacha. In July 2024, Zhipu AI was valued at 20 billion yuan.

The latest funds will be directed toward advancing the development of its GLM foundation model and furthering the company’s technological innovation and ecosystem expansion. However, this investment comes after Zhipu AI and its subsidiaries were added to the U.S. Commerce Department’s export control entity list in January, which prevents the company from procuring U.S.-made components.

Ecarx in Talks with Volkswagen to Develop Smart Cars for Europe, US

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Ecarx, a Chinese digital cockpit system developer, is in discussions with Volkswagen to integrate its advanced technologies into smart cars for developed markets, including Europe and the United States, according to Ecarx’s CEO, Shen Ziyu. The two companies are looking to extend their current partnership, which already includes collaboration in Brazil and India. In these markets, Ecarx’s Antora 1000 digital cockpit system—featuring proprietary chips, voice recognition, and navigation services—powers Volkswagen’s smart car offerings.

The expanded partnership would bring Ecarx’s products into Skoda-branded cars sold in Europe. Shen confirmed discussions about entering the U.S. market, although the current deal with Volkswagen does not yet include this scope. However, Ecarx’s technologies are already present in Volvo and Lotus vehicles in the U.S., as both brands are owned by Geely, the parent company of Ecarx.

A Volkswagen spokesperson clarified that the cooperation with Ecarx is currently limited to providing an infotainment system for internal combustion engine vehicles sold in Brazil and India, with no other technical involvement at this stage. Meanwhile, Skoda declined to comment on the ongoing discussions.

This move highlights growing interest among Western automakers in leveraging Chinese expertise in smart driving technologies. As traditional car sales have been hit by declining demand in China, companies like Volkswagen are turning to Chinese suppliers to stay competitive in the global market. Mercedes-Benz recently made headlines by collaborating with Hesai, a Chinese firm, to equip its vehicles with lidar sensors, marking the first instance of a foreign automaker using Chinese technology for models sold outside China.

Shen emphasized that it took over a year for Volkswagen to choose Ecarx as its smart technology supplier, with other candidates including LG and Samsung from South Korea, as well as Chinese rival Desay SV. He also noted that the development of software for consumer electronics, including semiconductors, is largely still based in Asia, which has contributed to challenges in software development in Europe.

Ecarx, which generates 70% of its revenue from Geely and its affiliated brands, aims to reduce this reliance to under 50% by 2028. The company plans to diversify further by growing its international revenue, with a goal of generating half of its income from overseas by 2030. To support this, Ecarx has been building R&D teams outside of China to mitigate concerns about geopolitical risks tied to Chinese technologies.

Shen also emphasized that China’s competitive cost structure can help strengthen the company’s supply chain globally. The shorter product cycles typically seen in China—lasting just three years—can be extended to 10 or 15 years in international markets, according to Shen.

China’s Manus AI Forms Strategic Partnership with Alibaba’s Qwen Team

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On Tuesday, Manus AI announced a strategic partnership with the team behind Alibaba’s Qwen AI models, a move aimed at strengthening the artificial intelligence start-up’s goal of deploying the world’s first general AI agent. Unlike traditional chatbots, which respond to user inputs, an AI agent can operate autonomously, executing tasks with minimal human intervention.

Manus AI, which officially launched last week, claimed that its performance surpasses that of OpenAI’s DeepResearch, a popular AI agent. The launch garnered significant attention on Chinese social media, with many comparing Manus AI to DeepSeek, a product by the Hangzhou-based creators of DeepSeek, which surprised Silicon Valley with a cost-effective AI chatbot that rivaled OpenAI’s best.

The partnership with Qwen could create further disruption in the AI industry, which is still reeling from DeepSeek’s emergence. Manus AI, which is part of Beijing Butterfly Effect Technology Ltd Co with offices in Beijing and Wuhan, has been promoting its product by completing various tasks for users for free on the social media platform X. However, the AI agent remains available by invitation only, and the company has admitted that its website is facing technical difficulties due to increased traffic.

The collaboration with Alibaba’s Qwen team is expected to help Manus AI handle the traffic surge and expand its user base. Meanwhile, Alibaba aims to enhance its competitiveness against rivals such as DeepSeek. The two companies plan to integrate Manus AI’s functions with Qwen’s open-source models and AI platforms in China, as announced on Weibo.

A spokesperson for Alibaba confirmed the partnership and expressed enthusiasm about collaborating with more global AI innovators. The Qwen team had previously responded to DeepSeek’s global success by releasing a model they claimed surpassed DeepSeek-V3, further intensifying the competition in the AI space.