Startups go public in litmus test for Chinese AI

Shares in Zhipu AI, which runs the Z.ai tool, rallied as much as 11.8 percent in early trade after its oversubscribed initial public offering raised HK$4.35 billion (US$558 million). This week's flotations come before any IPO announcements from top US startups OpenAI, the maker of ChatGPT, and Anthropic, known for its Claude chatbot. But analysts said profits were unlikely any time soon from either company -- the first two IPOs among China's so-called "six tigers", generative AI providers competing...