Chinese artificial intelligence developer Zhipu AI crossed the HK$1 trillion ($127 billion) market valuation mark on Monday, becoming China’s first large language model company to reach a HK$1 trillion valuation at one point.

New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5.

Chinese artificial intelligence developer Zhipu AI crossed the HK$1 trillion ($127 billion) market valuation mark on Monday, becoming China’s first large language model company to…

The meteoric rise in the Chinese AI company’s share price has been driven by the release of GLM-5.2, as demand for its paid services grows

Zhipu, the Chinese AI firm behind a 2,000% stock surge since its January IPO, is considering a multibillion-dollar share sale in Hong Kong and a STAR Market