China’s Zhipu Says AI Price War Will Spread Internationally

One of China’s earliest OpenAI rivals expects US artificial intelligence developers to succumb to the same price-based competition that has forced Chinese companies to forgo profits.

Beijing-based Zhipu AI is today set to become China’s first AI software maker to go public. While it disclosed sales of just $27 million in the first half of 2025 and deepening expenses, the company is still likely to find a receptive audience among Hong Kong investors keen for a foothold in the AI sector.