Home / Technology / US Curbs AI Access: China's Zhipu Soars
US Curbs AI Access: China's Zhipu Soars
15 Jun
Summary
- JPMorgan Chase raised Zhipu's price target significantly.
- US government ordered Anthropic to restrict foreign access to AI models.
- Zhipu released its latest AI model as open-source software.
Chinese AI model maker Zhipu experienced a significant stock surge, reaching as high as 48% in recent trading. This rise was bolstered by JPMorgan Chase & Co. raising Zhipu's price target from HK$950 to HK$1,400, favoring its market position over rivals. Bank of America also issued 'Buy' ratings for Zhipu.
Concurrently, the US government mandated AI giant Anthropic to restrict access to its advanced AI models, Mythos and Fable, for foreign nationals due to national security concerns. This directive occurred around the same time Zhipu announced the open-source release of its latest large model, GLM-5.2, with no usage restrictions.
Zhipu framed its open-source announcement as a direct response to the US directive, emphasizing that cutting-edge intelligence should be universally accessible. As US firms face restrictions on their frontier models, Chinese companies like Zhipu are increasingly focusing on open distribution.
Zhipu, a leading Chinese large language model developer, also intends to pursue a domestic listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to issue A shares within 12 months of regulatory approval.
