Zhipu raised its year-end annual recurring revenue (ARR) guidance from $2.4 billion to $3 billion, a 25% increase. The company said full-business ARR has reached $1.8 billion. Zhipu has signed revenue-sharing agreements with multiple leading domestic and international cloud service providers. Under the partnerships, its GLM series of open-source models will be offered as hosted API services on overseas cloud platforms, with related revenue recognition scheduled to begin in October.