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المشهد العربي
ZAi stock up 9% on local AI model
The stock of Chinese company "Zhi Zai" rose by over 9% during Thursday's session after announcing the launch of a new artificial intelligence model fully supported by domestically produced chips. This move is part of Beijing's efforts to enhance technological independence and reduce reliance on foreign technologies. The company explained that it has used more than 100,000 units of Chinese-made chips to meet user demands across the network, relying on Huawei's Ascend chips and processors from local suppliers. The stock closed at 1,126 Hong Kong dollars (approximately 143.6 US dollars), marking a 9.22% increase.
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