{"id":23141,"date":"2026-07-13T09:30:19","date_gmt":"2026-07-13T09:30:19","guid":{"rendered":"https:\/\/jobuzo.com\/en\/chinas-zhipu-ai-defies-market-slump-with-pursuit-of-agi-over-quick-profits\/"},"modified":"2026-07-13T09:30:19","modified_gmt":"2026-07-13T09:30:19","slug":"chinas-zhipu-ai-defies-market-slump-with-pursuit-of-agi-over-quick-profits","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/chinas-zhipu-ai-defies-market-slump-with-pursuit-of-agi-over-quick-profits\/","title":{"rendered":"China\u2019s Zhipu AI defies market slump with pursuit of AGI over quick profits"},"content":{"rendered":"
\n

Chinese artificial intelligence giant Zhipu AI bucked a broad plunge of AI-related stocks across Hong Kong and the Chinese mainland on Monday, which saw arch-rival MiniMax slumping almost 20 per cent.<\/p>\n

Zhipu, trading as Knowledge Atlas Technology in Hong Kong, closed almost flat at HK$1,645 on Monday after its shares gained more than 1 per cent by midday. The company, whose stock has skyrocketed 12-fold since its January debut, over the weekend pledged to prioritise advancing towards artificial general intelligence (AGI) over near-term commercialisation.<\/p>\n

In comparison, MiniMax shares fell 17 per cent to close at HK$222.8, the lowest since its January debut. Last week, company founder Yan Junjie<\/span> also expressed determination to achieve AGI and pledged to forgo his salary until that level of intelligence was realised.<\/div>\n

Nevertheless, Zhipu AI has declined from its peak late last month, when its market capitalisation briefly surpassed HK$1 trillion (US$128 billion) following investor enthusiasm over its release of the GLM-5.2 model. Its market cap has dropped to HK$730 billion.<\/p>\n

The company said it would spend the next two years investing in frontier AI research, according to an internal letter issued on Saturday by Tang Jie, a company co-founder and renowned Chinese computer scientist at Tsinghua University, and seen by the South China Morning Post.<\/p>\n

The company “would not pursue short-term monetisation from AI applications”, but instead set its sights on the next frontier of AGI, when AI captures “the aggregation of all human intelligence”, Tang said in the letter.<\/p>\n

\n
\n
\n
<\/div>
The MiniMax logo is displayed on the screen of a smartphone in this illustration taken May 11, 2026. Photo: Shutterstock Images<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n

China’s Zhipu AI defies market slump with pursuit of AGI over quick profits<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese artificial intelligence giant Zhipu AI bucked a broad plunge of AI-related stocks across Hong Kong and the Chinese mainland on Monday, which saw arch-rival MiniMax slumping almost 20 per cent. Zhipu, trading as Knowledge Atlas Technology in Hong Kong, closed almost flat at HK$1,645 on Monday after its shares gained more than 1 per…<\/p>\n

Read More “China\u2019s Zhipu AI defies market slump with pursuit of AGI over quick profits”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":23142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=23141"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/23142"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=23141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=23141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=23141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}