On September 16, Zhipu said in a telephone conference with analysts and investors that the company has just completed refinancing of a total of 5 billion US dollars under the “small shares and large debt” structure. This financing is due to the requirement of expanding computing power. After the release of GLM-5 in February, Smart Spectrum's demand for model calls skyrocketed tenfold. Almost the week it was released, the company's computing power reserves were exhausted, so it had to stop selling its main product, the Coding Plan. In response to this, Zhi Spectrum responded positively, completed a refinancing of 4 billion US dollars in July, and finally carried out a large-scale layout in terms of computing power expansion; after refinancing 5 billion US dollars on September 11, it once again firmly expanded its computing power layout. After this expansion, Zhi Spectrum's computing power began to take shape, which can already support the company's rapid business growth and continuous research and development of larger models.

On September 16, Zhipu said in a telephone conference with analysts and investors that the company has just completed refinancing of a total of 5 billion US dollars under the “small shares and large debt” structure. This financing is due to the requirement of expanding computing power. After the release of GLM-5 in February, Smart Spectrum's demand for model calls skyrocketed tenfold. Almost the week it was released, the company's computing power reserves were exhausted, so it had to stop selling its main product, the Coding Plan. In response to this, Zhi Spectrum responded positively, completed a refinancing of 4 billion US dollars in July, and finally carried out a large-scale layout in terms of computing power expansion; after refinancing 5 billion US dollars on September 11, it once again firmly expanded its computing power layout. After this expansion, Zhi Spectrum's computing power began to take shape, which can already support the company's rapid business growth and continuous research and development of larger models.