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 emerging as a key player, narrowing the perceived capability gap with leading Western developers. The Chinese startup's strategic dual listing in Shanghai further signals its ambition and growing prominence in the dynamic AI landscape.

Global No 2 ranking for Zhipu’s breakthrough AI model triggers Musk exchange over whether China can close gap with US sooner than expected.

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