Z.AI to raise $5 billion from share placement and convertible bonds
AI large-model developer Z.AI Co. Ltd. (2513.HK), also known as Zhipu, announced on Sunday it plans to concurrently place new shares and issue convertible bonds to raise combined net proceeds…
China gains ground in open AI race, but can its models turn adoption into revenue?
Nvidia is moving beyond chips into AI model gateways, while Chinese models are expanding their global reach, as competition shifts to other areas By Lee Shih Ta Chip giant…
Z.AI’s first-half revenue soars fivefold on API surge
Large-model AI company Z.AI Co. Ltd. (2513.HK), also known as Zhipu, said on Monday that its revenue rose fivefold year-on-year to 954 million yuan ($142 million) in the first half…
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