Zhipu AI Shares Plunge 40% in Two Days as Kimi K3 Launches China AI Price War
China’s AI competitive battlefield intensified as Kimi K3’s launch sent Zhipu AI shares tumbling 40% in two sessions, erasing ¥900 billion in market cap and raising questions about foundation model moat sustainability.
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🇨🇳 China Stocks sector-ai sector-technology
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