11 AI News Updates Investors Should Not Miss

7. Kanzhun Limited (NASDAQ:BZ)

Number of Hedge Fund Holders: 29

Kanzhun Limited (NASDAQ:BZ) is an Internet Content & Information company operating the BOSS Zhipin platform. It offers online recruitment services in China and connects job seekers and enterprise users via a mobile app. It has also invested in AI, including purchasing GPUs and focusing on AI application agents. The company delivered robust Q4 and FY2024 results, on March 11, as profitability outpaced revenue growth.

For the full year, revenue was up 24% year-over-year to RMB7.336 billion as income from operations increased 41% to RMB2.32 billion. The strategic success of integrating AI elements into Kanzhun’s app has improved recruiter efficiency and job-seeker interaction. The platform’s value proposition was further improved with the addition of AI-driven interview coaching, which established Kanzhun Limited (NASDAQ:BZ) as a pioneer in using technology for hiring. Its Nanbeige recruitment-specific large language model positions it to strengthen its competitive edge in the online recruitment market.

“By integrating our proprietary model “Nanbeige”, the first recruitment-specific large language model, and the deployment of DeepSeek, we have successfully launched a series of AI powered products and solutions, including AI agent, for both job seekers and recruiters. These advancements position us at the vanguard of exploring frontier AI applications that are reshaping the future of online recruitment,” said Mr. Jonathan Peng Zhao, Founder, Chairman and Chief Executive Officer.