Chinese AI firm Zhipu plans billion-dollar share sale amid rally

Chinese AI startup Zhipu is considering a multi-billion dollar share sale following a 2,000% stock surge since its IPO, driven by government measures to expand AI adoption and ease listing requirements. A US tech executive was impressed by Zhipu’s latest model, while the founder predicted a Chinese model rivaling Anthropic’s Fable 5 within a year, though Bloomberg analysts questioned such comparisons.