Two AI Lab IPOs: S-1 Breakdowns

I’m Tanay Jaipuria, a partner at Wing and this is a weekly newsletter about the business of the technology industry. To receive Tanay’s Newsletter in your inbox, subscribe here for free:Subscribe nowHi friends,Two Chinese foundation model labs, Zhipu and MiniMax, went public over the past few weeks, with Zhipu becoming the first foundation model company to IPO globally. What stood out to me reading both filings is the different approaches they took to turn their models and capabilities into a re...