Zhipu Adjusts Year-End ARR Guidance Up 25% to $3 Billion

Odaily News: Zhipu (02513.HK) stated during a conference call with analysts and investors that it has signed revenue-sharing agreements with multiple leading cloud service providers both domestically and internationally, with related revenue to be recognized starting in October. The collaboration model involves the GLM series open-source models being offered as hosted APIs on overseas cloud platforms. The company's current all-business ARR has reached $1.8 billion, and its year-end ARR guidance has been raised from $2.4 billion to $3 billion. (Jinshi)