Zhipu revenue up 400% to $9.54B in H1; Google ships third Flash model in six weeks
创业邦 · wechat · 2026-09-03
Morning brief highlights:
- Zhipu's IPO-era financials: H1 revenue of RMB 954M, up 399.7% YoY, already exceeding all of 2025; monthly-annualized ARR hit $1.6B by end of August (over $2B weekly-annualized), 2.5x MiniMax.
- Models: Google shipped Gemini3.8Flash — its third Flash in six weeks — with stronger agentic loops and coding, keeping input at $0.75/M tokens; the Cyber safety variant specializes in vulnerability discovery and is already used by Chrome's security team. Kimi API natively supports Codex and Claude Code formats; Doubao added parallel multi-agent execution and Mac GUI control.
- Capital & companies: Cognition reportedly raising $1B at a $47B valuation; Unitree's stock halved from its debut high; Enflame's STAR Market IPO drew a 0.0246% allotment ratio.
- Elsewhere: Tim Cook becomes Apple's executive chairman with a $47M package; Tesla claims FSD crashes 4.1x less than human drivers in Europe; actress Qi Wei licensed her AI digital twin for an AI drama, sparking debate.
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