Tuesday, September 1, 2026
Zhipu AI's H1 revenue jumps 400% but misses estimates
Zhipu AI (Z.ai) reported first-half 2026 revenue of RMB 953.9 million (about $142 million), up roughly 400% year over year, though the figure came in about 30% below the average analyst estimate as competition in China's AI market weighs on growth. Open-platform and API revenue surged 27-fold to RMB 825.2 million and now makes up 86.5% of the total, while R&D spending rose 33.6% to RMB 2.13 billion as the company keeps investing in its GLM model line.
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