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The Latest Breaking News from Zai

As world debates risks of AI, China closes technology gap with US

The US has outpaced China and other countries for years in AI model capabilities, research, citations and other areas. But China has been rapidly catching up as an AI superpower even as US-led restrictions have blocked China from accessing some of the most advanced technologies, including the cutting-edge chips and…

The Economic Times

As the world debates the risks of AI, China closes the technology gap with the US

The rapid development of artificial intelligence has sparked renewed debate about its risks, with both the United States and China expressing concerns

The Independent UK

China's Z.AI raises $5 billion from new share, convertible bond sales, filing shows

Z.AI launched ‌the sales ⁠on ⁠Friday, offering 21.97 million new Hong Kong shares at HK$714 ($91.05) each, a 10% discount to Friday's closing price of HK$793.

The Economic Times

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China's Nvidia Rival Just Hit The Stock Market. Enflame Is Riding The AI Chip Boom And Soaring.

The Shanghai listing raised about $912 million to fund Enflame's next generations of AI processors, even as the company remains unprofitable.

International Business Times

China AI developer Z.AI launches $5 billion Hong Kong share, convertible bond sales, term sheet shows

The fundraising comes as Chinese AI developers seek capital for the costly computing infrastructure and talent needed to compete with larger US rivals.

The Economic Times

China's DeepSeek taps CITIC Securities for domestic IPO

DeepSeek's engagement of CITIC, which has not been reported so far, is an indication that the startup is moving along in its IPO plan. Companies seeking a mainland China listing typically appoint securities firms to conduct pre-listing tutoring before submitting an application.

The Economic Times

Chinese AI firm Moonshot files confidentially for Hong Kong IPO

Moonshot's latest version, Kimi K3 released in July, has met with positive reviews and robust demand, and sources have said the startup is in talks with Microsoft, Amazon and Google on ‌revenue-sharing agreements that ⁠would allow ⁠the U.S. cloud companies to host the model.

The Economic Times

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Ox Alpha Emerged as a Powerful OpenAI Rival—Then China's Z.ai Was Revealed as Its Creator

Discover Ox Alpha, the AI model by Z.ai, known for its advanced coding and multimodal capabilities. Initially anonymous, this model challenges AI industry norms with its large context window and innovative features.

International Business Times

Chinese open-source AI is starting to win over U.S. businesses

New spending data suggests companies are increasingly turning to cheaper, customizable open models—including fast-improving systems from China.

Fortune

Beijing AI bar that offers unlimited free DeepSeek coding tokens with $1.50 drink haemorrhaging cash — 'the bar is completely losing money, ' owner admits

An AI-themed bar in Beijing's Zhongguancun tech hub hands out free, unlimited DeepSeek tokens with its drinks, running inference locally on two Nvidia DGX Spark mini-PCs.

Tom’s Hardware

Global Market: Trump-backed World Liberty partners with platform offering Chinese AI models

Trump-backed World Liberty Financial is collaborating with Hong Kong-based WorldClaw, which offers access to Chinese and US AI models. The partnership has drawn scrutiny because several Chinese developers face US security restrictions, while the Trump family holds a significant World Liberty stake and benefits financially from its cryptocurrency activities.

The Economic Times

At Beijing AI-themed bar, DeepSeek tokens come with the pints

As AI enthusiasm sweeps across China, Song De opened AGI Bar, named after the concept of artificial general intelligence where AI systems surpass human intelligence, last year in Zhongguancun, the capital's high-tech neighbourhood in Haidian district. It is now a hub for Beijing's AI developers, investors and students.

The Economic Times

China's AI Models Are Catching Up. Z.ai's GLM-5.3 Takes Aim at OpenAI & Anthropic

The Beijing-based company said its upcoming GLM-5.3 model will deliver improved coding capabilities, putting its performance closer to leading systems such as Anthropic's Fable 5.

International Business Times

China's Z.ai says new model nears Anthropic's Mythos 5 in cyber-defence tests

Anthropic has made Mythos, a version of its Claude Fable 5 model with cybersecurity safeguards removed, available only to vetted organisations. Such controls reflect concern that AI systems capable of finding and exploiting software flaws can assist defenders but may also lower barriers for attackers.

The Economic Times

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The Economic Times

Zhipu’s new AI model takes aim at OpenAI, Anthropic in China’s race to close the gap

Chinese AI firm Z.ai has launched its new GLM-5.3 model. This release intensifies competition with OpenAI and Anthropic. The model offers improved coding capabilities and open access for developers. Chinese AI companies are narrowing the performance gap with US rivals. Z.ai aims to attract users with its permissive licensing approach.

The Economic Times

DeepSeek's new AI model is by far the cheapest of well-known models to run, research firm says

A version of Chinese startup DeepSeek's flagship AI model is by far the least expensive to run on benchmark tests among well-known models globally and more than 100 times cheaper to run than Anthropic's Claude Fable 5, according to a research firm.

International Business Times

China's AI Companies Are Winning Users, But Losing Money

Chinese AI startups are winning over global developers with low-cost open-weight models, but soaring compute costs and heavy losses show that widespread adoption has not yet created a profitable business model.

International Business Times UK

Elon Musk and Mark Zuckerberg Side With Nvidia in Escalating Battle Over Who Controls AI's Future

Elon Musk and Mark Zuckerberg support Nvidia in a Silicon Valley debate over AI's future, advocating for open-source models against rivals urging regulatory containment due to security concerns.

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Fortune

China's Moonshot, Z.AI, and DeepSeek are challenging U.S. AI labs—and beating them on cost

“The AI ecosystem in China is probably much better than people thought."

The Independent UK

Cheaper, open and intelligent: Chinese AI models gain ground, as they make inroads in the US

Chinese AI models are gaining popularity in the U.S. for their affordability and efficiency

International Business Times

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

The debate in Washington over Chinese artificial intelligence models has largely centered on national security, intellectual property, and technological competition. This week, it gained an unexpected new data point.

Tom’s Hardware

OpenAI took ten days to tell Hugging Face its models were behind the July 11 weekend hack, report claims — rogue AI agents reportedly active on the open Internet for several days

OpenAI confirmed to Hugging Face only this week that models it was testing carried out the July 11 attack on the AI platform's production infrastructure.

Tom’s Hardware

Z.ai powers up a 1-gigawatt AI data center built entirely on Chinese chips, report claims — GLM developer now runs multiple 10,000-chip clusters with zero Nvidia silicon

Chinese AI developer Z.ai (formerly Zhipu) has finished building a 1GW data center stocked exclusively with domestically made chips and has switched part of it on.

Fortune

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

Fortune

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

“K3 stands as Moonshot AI's most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

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