TechThe Information1h ago
Shares of Chinese AI Model Firms Fall
Shares of Chinese AI Model Firms Fall After Report of Regulatory Probe
TL;DRChinese AI firms' stocks fell after regulators investigated data leaks to Anthropic.
Why it matters: Regulatory risk in China could reshape AI talent and tech flows between Chinese and Western companies.
Hong Kong-listed shares of Z.ai and MiniMax plunged on Wednesday, after The Information reported that China’s internet regulator is probing potential data leaks to Anthropic. Z.ai, also known as Zhipu, dropped 12.4%, MiniMax fell 4% and Alibaba declined 4.4%. The benchmark Hang…
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