Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar

Zhipu AI's market capitalization surpassed HK$1 trillion on Monday after shares surged up to 42%, driven by the release of its open-source GLM-5.2 model, which ranks second globally on the Code Arena list for front-end web development tasks, trailing only Anthropic's Claude Fable 5.

Advertisement Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5 1-MIN READ1-MIN Listen Coco Feng /author/coco-feng in Guangdong The market capitalisation of Hong Kong-listed artificial intelligence https://www.scmp.com/topics/artificial-intelligence?module=inline&pgtype=article?module=inline&pgtype=article pioneer Zhipu AI https://www.scmp.com/topics/beijing-zhipu-huazhang-technology?module=inline&pgtype=article?module=inline&pgtype=article surpassed HK$1 trillion US$128 billion on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals.Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980. The surge follows the release of Zhipu’s open-source GLM-5.2 model last week https://www.scmp.com/tech/tech-trends/article/3357115/zhipu-ais-stock-rockets-after-chinese-firm-makes-glm-52-open-source?module=inline&pgtype=article . Featuring a massive 1-million-token context window, the new model ranked second globally as of Monday on the Code Arena list for front-end web development tasks, trailing only Anthropic’s flagship Claude Fable 5.Advertisement In a recent exchange on social-media platform X, tech billionaire Elon Musk estimated that a Chinese AI model capable of matching Claude Fable 5 would likely arrive in the first quarter of next year. Zhipu founder Tang Jie responded that it “won’t take that long”. More to follow... Advertisement Advertisement Select Voice Select Speed 1.00x