Shares of Chinese AI model developer Zhipu surged on Monday as Wall Street banks raised bets on the company's ability to capture global AI demand, while Washington tightens curbs on foreign access to its most powerful models. Knowledge Atlas Technology , the Hong Kong-listed entity behind Zhipu, soared as much as 48% on Monday before paring gains. It was last traded 33% higher at around 1,461 Hong Kong dollars ($186), according to LSEG data. The share moves came as JPMorgan reportedly