Zhipu weighs a multibillion-dollar share sale after a 2,000% surge and Anthropic's Fable 5 shutdown. Can it justify a $128bn valuation?

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

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

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…

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

Zhipu weighs a multibillion-dollar share sale after a 2,000% surge and Anthropic's Fable 5 shutdown. Can it justify a $128bn valuation?

A significant shift is occurring in the global AI race as Anthropic reportedly halts its "Fable 5" initiative, creating an opening at the frontier. Beijing-based Zhipu AI is…