Zhipu's year-end ARR guidance has been raised to 3 billion USD

Zhipu stated in a conference call with analysts and investors that it has signed revenue-sharing agreements with several leading domestic and international cloud service providers, and the related revenue will start to be recognized from October.

The cooperation model involves providing services for the GLM series of open-source models in the form of hosted APIs on overseas cloud platforms. Currently, the company's total business ARR has reached 1.8 billion USD, and the year-end ARR guidance has been raised from 2.4 billion USD to 3 billion USD.