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Zhipu AI Breaches Trillion Yuan Market Cap: What Is Driving the Surge?
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Zhipu AI Breaches Trillion Yuan Market Cap: What Is Driving the Surge?
Zhipu AI, the Beijing-based artificial intelligence company behind the GLM series of large language models, saw its Hong Kong-listed shares surge over 13 percent on June 22, pushing its market capitalization past HKD 1 trillion. Since its IPO less than six months ago, the stock has gained over 1,900 percent, making it one of the most remarkable public market debuts in the AI sector. The trillion-dollar valuation has sparked intense debate. Zhipu…
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