Zhipu
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Zhipu AI Debuts on Hong Kong Exchange, Signaling Milestone for China’s AI Sector
Knowledge Atlas Technology (Zhipu), a Chinese AI startup, debuted on the Hong Kong Stock Exchange after a $558 million IPO. The company, recognized as an “AI tiger,” is a leading developer of large language models and aims to compete globally. Despite U.S. restrictions impacting its AI model training capabilities, Zhipu plans to allocate a significant portion of its IPO funds to R&D. Another AI firm, MiniMax, is also expected to go public soon.
