Knowledge Atlas Technology from Beijing, better known as Zhipu AI, has successfully completed its initial public offering in Hong Kong. The stock opened 3.3 percent above the issue price of 116.20 Hong Kong dollars and traded at around 126 Hong Kong dollars. The company raised approximately 558 million US dollars in the IPO. The company positions itself as one of the most prominent representatives of China’s AI offensive on the international stage. Zhipu AI, which operates internationally under