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flag Zhipu AI reported record revenue but massive losses due to heavy R&D spending.

flag Zhipu AI, a Chinese artificial intelligence company, reported a 132% revenue increase for 2025, reaching over $100 million. flag Despite this growth, the company posted a significant net loss of over $650 million, largely due to heavy spending on research and development. flag Zhipu is developing domestic chips and its GLM-5 model, competing against other AI firms in China and Southeast Asia.

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