Revolut adopts Chinese AI model to cut programming costs by 90%This week’s most notable AI-related news actually dates back to mid-October.Revolut, the British online bank that has become Europe’s most valuable startup and a rival to traditional banking giants in just over a decade, says it has cut its spending on AI programming models by about 90% by replacing its default use of Claude Code, the programming assistant developed by U.S. tech giant Anthropic, with GLM (GLM-5.1 and then GLM-5.3), an open-weight Chinese model developed by Z.ai that Revolut runs on its own servers. The announcement itself is not unprecedented, but the fact that a fintech company valued at $115 billion has made the switch as part of a structural change to its operations, rather than as a simple pilot project, is a particularly significant signal.Revolut…
Revolut adopts Chinese AI model to cut programming costs by 90%This week’s most notable AI-related news actually dates back to mid-October.Revolut, the British online bank that has become Europe’s most valuable startup and a rival to traditional banking giants in just over a decade, says it has cut its spending on AI programming models by about 90% by replacing its default use of Claude Code, the programming assistant developed by U.S. tech giant Anthropic, with GLM (GLM-5.1 and then GLM-5.3), an open-weight Chinese model developed by Z.ai that Revolut runs on its own servers. The announcement itself is not unprecedented, but the fact that a fintech company valued at $115 billion has made the switch as part of a structural change to its operations, rather than as a simple pilot project, is a particularly significant signal.Revolut…
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