Wall Street and Chinese AI
In January 2025, Chinese AI company DeepSeek released its low-cost, high-performance reasoning model and briefly shook global markets by wiping out hundreds of billions from US technology stocks.
Zhipu launches Open-Source AI Model
Chinese AI startup Zhipu has released its open-source model GLM-4.5, designed for use in intelligent agent systems. Zhipu is considered one of China’s so-called “AI tigers” and is backed by local government support.