Bank of America has begun market coverage of AI companies like Zhipu and Minimax, while US restrictions force Anthropic to disable flagship models.
1 report, 1 independent
Updated Jun 15
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What happened
Bank of America has begun market coverage of AI companies like Zhipu and Minimax, while US restrictions force Anthropic to disable flagship models.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Lock-up expirations are creating dual selling pressure for Zhipu AI and Minimax.Sub-event
BoA covers AI companies like Zhipu and Minimax, while US restrictions force Anthropic to disable flagship models.1 source
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The entities involved
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Bank of America
American multinational banking and financial services corporation
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Anthropic
American artificial intelligence corporation
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Minimax
German company
Nothing else this week.
Related events
- Anthropic and Donald Trump discussed differing views on AI market structure and the need for regulatory protection.
- The Trump administration imposed restrictions on private AI models, while China offered open-source alternatives, leading to an Anthropic model takedown due to cybersecurity concerns.
- Financial institutions, including Bank of America, are tracking the competitive global landscape of AI companies, noting the market dominance efforts of firms like Anthropic and Moonshot AI operating out of Beijing.
- Bank of America is seeking diversification away from major AI firms including Meta, Nvidia, Oracle, and Microsoft.
- AI labs account for 70% of AI-related revenue. Alex Karp urged against restricting open-weight AI models, while Anthropic and Amazon are involved in AI financing deals.