Key facts
- Z.ai is seeking to raise $5 billion in a new fundraising round.
- The company previously conducted a share sale in July.
- The funds will be used to support Z.ai's artificial intelligence initiatives.
Chinese artificial intelligence company Z.ai is reportedly seeking to raise $5 billion in a new fundraising round. This comes after the company conducted a share sale in July that aimed to raise $1 billion. The company is seeking capital to fuel its artificial intelligence initiatives.