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AI & Enterprise

Zhipu builds 1-GW AI data centre using only Chinese-made chips; shares surge 37 percent

China\'s AI company Zhipu completed a 1-gigawatt AI computing centre run only on Chinese-made chips, South China Morning Post reported. The facility will be used to train and run inference for its GLM large language model series. Zhipu\'s Hong Kong-listed shares jumped 37 percent to close at 121.9 Hong Kong dollars. The company is also reported to have acquired Qubilas, an infrastructure software firm spun off from the Chinese Academy of Sciences.

AI & Enterprise

Shares fall, losses widen: China\'s open-weight AI dilemma

Open-weight AI models promoted by Chinese developers are drawing technical attention but are facing worsening profitability, Business Insider reported. Unlike open-source software, wider use raises inference costs because each response requires chips, power and data centre resources. Z.ai posted $107 million in revenue and nearly $500 million in losses last year, while its shares have fallen more than 40 percent in the past month. MiniMax also reported losses and a sharp share drop. Moonshot AI paused new registrations after releasing Kimi K3 due to a lack of computing resources.

AI & Enterprise

China\'s Kimi K3 pauses new subscriptions after surge in demand

China\'s AI model Kimi K3 has temporarily stopped accepting new subscriptions after a rush of users following its release. Developer Moonshot AI said demand over the past 48 hours had pushed close to the limits of its current capacity, prompting the pause to protect service for existing subscribers. The company said it is securing additional computing resources and will reopen new subscriptions in stages. An analyst said the episode highlights infrastructure strain and possible demand-forecasting issues.