Zhipu Burns $500M Yearly to Crush OpenAI on Benchmarks
China is winning the developer mindshare war while bleeding half a billion dollars a year doing it. Zhipu's GLM 5.2 and Moonshot's Kimi K3 crushed benchmarks at a fraction of US model costs, but Zhipu lost $500M on $107M revenue and its stock dropped 40% in a month.
Continue reading ›