Thematic

This Week in AI (Mar 29 – Apr 4): OpenAI pre-IPO $122bn fundraising; Zhipu Results; Google Gemma 4 Model

05 Apr 2026 By Ke Yan, CFA
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Abstract: OpenAI closed a record private capital raise anchored by major technology and financial backers, as user and revenue metrics continue to scale. Zhipu AI's cloud API segment posted sharp margin expansion on strong volume growth, a rare profitability signal from China's listed AI sector. Alibaba's latest closed-source release confirms a monetisation pivot, and Anthropic's concurrent life sciences moves signal a deliberate vertical expansion.

MINIMAX (100 HK) KNOWLEDGE ATLAS (2513 HK) TENCENT (700 HK) SoftBank (9984 JP) ALIBABA (9988 HK) Amazon.Com (AMZN US) Alphabet (GOOGL US) Marvell Technology (MRVL US) Microsoft (MSFT US) Nvidia (NVDA US) TSMC (TSM US)

Highlighted Stocks

MINIMAX, KNOWLEDGE ATLAS, TENCENT, SoftBank, ALIBABA, Amazon.Com, Alphabet, Marvell Technology, Microsoft, Nvidia, TSMC

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