Hong Kong can take the regulatory high road amid US-China AI decoupling

AI Summary

Hong Kong's AI market experiences a rally following the open-source release of Zhipu AI's GLM-5.2 foundation model amid US-China technology tensions. The surge reflects shifts in global market alignment driven by regulatory and geopolitical factors.

The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of its GLM-5.2 foundation model. The rally continued this week, with Zhipu’s shares trading at an intraday high of HK$2,980 (US$380) in...