AI Firm Zhipu to Sell $4 Billion of Shares After 1,500% Rally

AI Summary

Chinese AI model maker Zhipu plans to raise about $4 billion through a share sale following a 1,500% surge in stock price since its January Hong Kong IPO, reflecting massive investor interest in artificial intelligence firms.

Chinese artificial-intelligence model maker Zhipu is seeking to raise about $4 billion from a share sale after its stock soared almost 1,500% since a January listing in Hong Kong.