China's OpenAI Rival Zhipu Debuts in HK After $558 ...

China’s OpenAI rival Zhipu rises after $715 million IPO

Zhipu is the first of China’s “AI tigers” – start-ups building large language models – to go public. Read more at straitstimes.com.

China's OpenAI Rival Zhipu Debuts in HK After $558 ...

Zhipu (AI Tiger) Shares Rise on Hong Kong Debut as China’s AI Sector Tests Public Markets

Shares of Knowledge Atlas Technology JSC, widely known as Zhipu, edged higher on their Hong Kong trading debut on Thursday, as the Beijing-based artificial intelligence firm became the first of China’s so-called “AI tigers” to test public markets. The stock rose as much as 15% above its offer price of 116.20 Hong Kong dollars ($15), […] The post Zhipu (AI Tiger) Shares Rise on Hong Kong Debut as China’s AI Sector Tests Public Markets appeared fi…

China’s Zhipu AI Makes Landmark IPO, Beating America's OpenAI and Anthropic

The race to go public just got its first finisher. Zhipu AI became the world’s first large language model company to hit public markets today, beating OpenAI and Anthropic to the finish line despite their far larger valuations. The Beijing-based startup closed 13.2% higher at HK$131.50 on the Hong Kong Stock Exchange after surging as much as 15% during morning trading.The company, officially Knowledge Atlas Technology, raised $558 million by pri…