The oldest Chinese AI unicorn is the first to be added to the U.S. entity list.
Zhipu AI CEO Zhang Peng addresses the audience during the company's large-scale model launch conference in Beijing, March 14, 2024. Credit: Zhipu AI
The launch of previously little-known DeepSeek’s low-cost, chip-efficient artificial intelligence model was a wake-up call for Silicon Valley, Wall Street and Washington when it comes to China’s AI challenge. Yet a fierce competition has long been underway between a wave of recently-founded Chinese firms already on DeepSeek’s tail.
In the coming weeks The Wire plans to highlight some of those firms, beginning with Beijing-based Zhipu, the oldest and largest of China’s AI unicorn
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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