Updates
1. Z.AI plans financing for its next generation of models
Z dot A I has published plans for a new share placement and a proposed convertible bond issue to fund its next generation of models. Its September thirteenth filing sets the bond principal at twenty point one four billion renminbi.
Proof: The Placing and the issue of the Bonds are independent of each other and are not inter-conditional.
Impact: The filing does not establish that all the money has arrived, or that a new model is already available.
Watch next: Watch for the next Z dot A I filing confirming whether the share placement and bond issue have closed.
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