Zhipu shares surge 37% as firm builds giant data centre powered by Chinese chips

Chinese AI firm Z.ai (Zhipu) shares surged 37% in Hong Kong on Tuesday to close at HK$1,219 after completing a 1-gigawatt data centre powered entirely by domestic chips, according to sources. The Beijing-based company also acquired Chinese infrastructure software developer XCore Sigma, a spin-off from the Chinese Academy of Sciences, to address computing power constraints and improve AI inference efficiency.

Zhipu shares surge 37% as firm builds giant data centre powered by Chinese chips The Chinese AI firm’s stock price has rebounded amid reports it has completed a 1-gigawatt computing centre using only domestic chips Minxiao Chang /author/minxiao-chang in Shenzhen AI giant Z.ai https://www.scmp.com/topics/beijing-zhipu-huazhang-technology?module=inline&pgtype=article soared 37 per cent in Hong Kong on Tuesday to close at HK$1,219 US$155 , after the company recently completed a giant data centre powered entirely by Chinese chips. GLM-5.2 https://www.scmp.com/tech/tech-trends/article/3359170/zhipu-ai-releases-harness-glm-52-model-chinese-firm-takes-aim-anthropic?module=inline&pgtype=article as one of China’s leading large language models LLMs . Meanwhile, the Beijing-based company had also completed the acquisition of Chinese infrastructure software developer XCore Sigma, a company spun off from the Chinese Academy of Sciences, the interviewees said. XCore Sigma focuses on heterogeneous computing software, including compilers, runtime systems and inference engines that help improve the utilisation of AI chips from different vendors, reduce inference costs and accelerate model deployment. Z.ai did not immediately respond to a request for comment on Tuesday. The move, together with the new data centre, is set to address computing power constraints and improve AI inference efficiency for Z.ai.