China's artificial intelligence (AI) model developers, which entered the stock market before U.S. co.. - MK
• Chinese AI model developers, including ZpuAI and Minimax, are experiencing extreme stock volatility despite entering the market before U.S. rivals like OpenAI and Anthropic. • Minimax saw a dramatic price swing, surging from an offering price of HK$165 to a peak of HK$1,330 in March, before crashing to HK$193.1 and recently rebounding to HK$222.4. • These companies focus on developing Large Language Models (LLMs) with a high "cost-to-cost ratio," prioritizing the balance between performance and price.
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