Zhihui: The Chinese Company Most Similar to OpenAI in Large Models


Rising AI service costs in the U.S. have forced companies like Coinbase to adopt Chinese open-source models to reduce expenses. Coinbase has set Zhipu GLM5.2 and Moonshot Kimi K2.7 as default tools for engineers, significantly cutting AI costs while allowing unlimited usage. Cost reduction has become the core driving force.
Sina's VibeThinker-3B, a 3B-parameter model, rivals much larger models in math and coding benchmarks, surpassing top products on certain competition tasks. Its success stems from unique training on Alibaba's Qwen2, challenging the 'bigger is better' paradigm.....
Five departments jointly issued the "Action Plan for 'Artificial Intelligence + Transportation'", focusing on the intelligent transformation of civil aviation, encouraging the development of industry-specific large models to empower core aspects such as route planning, safety monitoring, and flight scheduling.
Chinese AI startup Jieyue Star is expected to submit its IPO application to the Hong Kong Stock Exchange this week, with a valuation as high as $12 billion, potentially becoming one of the largest IPOs in Hong Kong in recent years. The company was founded by Jiang Daxin, former vice president of Microsoft, in 2023. It has recently appointed Yin Qi of Megvii Technology as chairman and is accelerating its capital market strategy.
Chinese AI giant Zhipu accelerates its return to the A-share market, announcing on June 1st the recommendation to apply for a listing on the Science and Technology Innovation Board, planning to raise no more than 15 billion yuan, establishing a dual listing platform "A+H", issuing between 9.0988 million and 38.769 million new A-shares, to strengthen the long-term development capital foundation.