Zhipu AI, a leading Chinese AI startup, is moving toward an IPO after securing major state funding and open-sourcing its GLM models, rivaling GPT-4 in performance. Source: Reuters
Hertz has confirmed a data breach via vendor Cleo, exposing customer info including licenses and payment data, after a 2024 ransomware attack by the Clop gang exploited Cleo’s software. Source: Techcrunch
A viral TikTok trend exposing luxury goods’ Chinese origins has skyrocketed DHgate, a Chinese wholesale app, to No. 3 on the U.S. App Store, fueled by surging downloads. Source: Techcrunch
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OpenAI will retire GPT-4.5 from its API on July 14, urging developers to switch to the cheaper, more efficient GPT-4.1, which launched this week. Source: Techcrunch
South Korea has increased its semiconductor support package to 33 trillion won ($23.25B) to boost competitiveness amid U.S. policy uncertainty and rising Chinese competition. Source: Reuters
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