Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs

Zhipu jumps as Wall Street bets on China's open AI

Zhipu jumped 33% announcing open-source GLM-5.2 as US blocked Claude, signaling China's dominance in low-cost AI. For tech leaders: US restrictions accelerate market fragmentation, making open-source Chinese models attractive while AI talent migrates from US labs.