Z.ai shares surge 8% after releasing new AI model running only on Chinese chips

The Chinese AI company said it had already launched the model globally in stealth mode for a week.

The usage of open-weight AI models from China hit a record high on a popular US web development platform, driven largely by DeepSeek’s latest lightweight model, as business demand for Anthropic’s cutting-edge Fable 5 stalls due to high costs. Open-weight models accounted for 54 per cent of token volume on Vercel’s AI G