Zhipu AI, a Chinese artificial intelligence unicorn specializing in large language models (LLMs), has secured CNY3 billion (US$412 million) in its latest funding round—its second this year. According to Caixin, new investors include strategic and state-backed entities, alongside existing participants like Legend Capital. The proceeds will support the development of Zhipu’s Generalized Language Model (GLM) series, strengthening its position in the AI industry.

Global auto parts makers are grappling with a paradox: While vehicle sales continue climbing, their order books are shrinking. The culprit? A dramatic shift in inventory management by automakers, who’ve slashed safety stock requirements from 60-90 days to as little as 14 days, signaling growing caution about market conditions.

Foxconn is reportedly eyeing a significant investment in Nissan Motor with aspirations to take over the company’s operations, potentially accelerating ongoing merger discussions between Nissan and Honda Motor.