Shares of the Chinese artificial intelligence firm Zhipu, also known as Z.ai, rose 37 percent in Hong Kong on Tuesday, closing at HK$1,219 (US$155). The surge follows a week-long decline in the company's share price and coincides with the recent completion of a large-scale data center.
The newly completed facility is notable for being powered entirely by Chinese-made chips. This development marks a significant operational milestone for the company as it seeks to expand its infrastructure using domestic hardware.
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