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