The invention relates to a glass excellent in infrared absorption capability and corrosion resistance, and its fabrication process. A compound of divalent copper and a compound of a metal species for a network modifier oxide are introduced in a wet gel. Then, the wet gel is dipped in a dipping solution having a low solubility with respect to the compound of divalent copper and the compound of a metal species for a network modifier oxide for the precipitation in the wet gel of the divalent copper compound and the compound of a metal species for a network modifier oxide, followed by drying and firing. Thus, an infrared absorbing glass comprising 70 to 98 mol % of SiO2, 1 to 12 mol % of CuO and 1 to 18 mol % of a network modifier oxide other than CuO is fabricated.