Key facts
- Zhipu AI's market capitalization reached a record HK$1 trillion.
- The market capitalization is equivalent to $128 billion USD.
- The valuation milestone was achieved following the launch of Zhipu AI's latest large language model.
- Zhipu AI's stock surged 42% intraday.
- The company's stock has increased 2,400% since its IPO.
Zhipu AI, a Chinese artificial intelligence startup, has reached a new milestone with its market capitalization hitting a record HK$1 trillion, equivalent to $128 billion USD. This significant valuation was achieved following the company's announcement and launch of its latest large language model. The market responded positively, with Zhipu AI's stock price surging by 42% during intraday trading on the news. This recent surge contributes to an even more impressive overall growth, as the company's stock value has increased by 2,400% since its initial public offering (IPO). The development underscores the rapidly growing interest and investment in advanced AI technologies, particularly large language models, within China and globally.