Market Chatter: China AI Companies Roll Out Updates Before Lunar New Year Festivities

MT Newswires Live

02/12

Chinese artificial intelligence companies are doubling down on upgrades to their models as they battle for dominance before the Lunar New Year, Bloomberg reported Thursday.

Knowledge Atlas Technology or Zhipu AI (HKG:2513) released the latest version of its GLM-5 large language model, according to the news outlet.

Zhipu increased the price of its GLM Coding Plan by 30% to take advantage of high demand, according to the report.

ByteDance, the owner of TikTok, received praise for its new video model, Seedance 2.0, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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