Capital votes with real money, betting on AI.

Today, Zhipu rose 42%, with a market capitalization of 320 billion.
Minimax increased by 14%, with a market cap of 300 billion.
Baidu has been around for 25 years, with a market cap of 350 billion.
Kimi hasn't gone public yet, but the consensus valuation is 500 billion.
Meituan's current market cap is 492.6 billion.
These two large model companies, established less than five years ago, have surpassed many traditional internet companies in just one trading day’s increase.