Zhipu Earned $110M Last Year and Spent Twice That on Research

ccerrato147 · x · 2026-11-09

Zhipu, known as Z.ai outside China, builds GLM, a family of open models anyone can download and run on their own machines. It earned $110M last year and spent more than twice that on research. It pays to build the product — then gives the product away.

Related event: Anatomy of Zhipu's Open-Source Gamble: $110M Revenue, Volatile Valuation(13 posts)→

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