Zhipu AI H1 Report: Revenue up 400%, API unit costs down 80%

赛博禅心 · wechat · 2026-09-01

Zhipu AI released its H1 report with revenue reaching 954 million RMB, a 400% YoY increase. API revenue grew 27x, accounting for 86.5% of total revenue. Token usage surged 40x while unit inference costs dropped by 80%, turning the API business profitable with a 24.6% gross margin. The company outlined a commercialization path from Chat to Autonomous AI and plans to shift focus to Scaling and Fully Self Training.

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