China’s Z.AI raises Rmb20bn convertible bond amid AI boom

The AI firm paired the $3bn convertible with a share placement, with proceeds earmarked for model development and business expansion.
China’s Z.AI raises Rmb20bn convertible bond amid AI boom
By Ryan Cheng
1 day ago
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Chinese companies are continuing to raise large sums of money to keep up investment into artificial intelligence (AI), despite warnings in the US that the technology might be becoming too dangerous. 

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