Zhipu and MiniMax IPOs Boost Hong Kong's AI Sector
Big news from Hong Kong! China’s Zhipu AI and MiniMax pulled off billion-dollar IPOs—$9B and $14B, respectively—marking China’s bold move to rival US AI juggernauts like OpenAI. While they're not at the $500B OpenAI level (yet), this step sets up a fierce AI race. Watch out: Chinese innovation is coming for the global crown!
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