Zhipu Shares Surge 33% After JPMorgan Picks Company as AI Winner
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Zhipu Shares Surge 33% After JPMorgan Picks Company as AI Winner

Bloomberg business

Key Points:

  • Shares of Chinese AI model maker Zhipu (Knowledge Atlas Technology JSC) surged 33% following JPMorgan Chase & Co.'s upgrade of its price target and selection as a top pick over rival MiniMax.
  • The significant stock jump marks one of Zhipu's largest gains since its successful initial public offering in Hong Kong earlier this year.
  • Zhipu and MiniMax, which debuted in the market just a day apart in January, are leading Chinese startups developing AI tools aimed at competing with top US technologies.

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