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Kimi's new model intensifies competition; Zhipu and MiniMax shares fall as much as 6.6% and 14.4%
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A Reuters market brief reported that shares of Chinese AI companies Zhipu and MiniMax fell sharply, dropping as much as 6.6% and 14.4% respectively at one point. The declines were linked to heightened industry competition following the release of a new model from Kimi. The brief did not provide further details on the timing, market context, or specific competitive dynamics beyond the headline figures and the attribution of the selloff to Kimi's new model.
Source report
Reuters (RTRS) — Market Brief
Shares of Chinese AI companies Zhipu and MiniMax fell sharply at one point, dropping 6.6% and 14.4% respectively, as the release of Kimi's new model heightened competition across the industry.
Source
rtrsWestern