OpenAI challengers test appetite for China AI with twin IPOs
- lastmansurfing
- 6 days ago
- 1 min read
Two of China’s largest generative AI startups are set for back-to-back debuts in Hong Kong this week, testing investor appetite for an industry that blossomed in the post-ChatGPT era. Yet Zhipu and MiniMax — among the country’s earliest challengers to sector leaders including OpenAI — took very different routes to public markets.
Zhipu and Minimax begin trading Thursday and Friday, respectively, in a litmus test of whether investors believe China’s fledgling AI industry can compete on a global stage. Both epitomize the country’s no-frills approach to AI, operating with far less capital, fewer chips and leaner headcounts than the likes of OpenAI Inc. and Anthropic PBC. But they sport rather distinct pedigrees
Read the full story | BLOOMBERG