#arr 2 items 7 сен Zhipu's first interim report as a listed company: revenue up 400%, API now 86.5% of the business Zhipu AI (Z.ai) industry 7 сен Morgan Stanley briefing: MiniMax ARR at $800M and Zhipu at $1.6B as model competition turns into a tiered elimination round MiniMax / Zhipu AI industry