Chinese AI company Z.ai (formerly Zhipu AI) says its new GLM-5.2 model is now performing close to leading models from OpenAI and Anthropic on coding and AI agent benchmarks.
The company claims the model delivers competitive results at a much lower cost and has been optimized to run on domestic Chinese hardware, including Huawei chips. Z.ai is also planning a dual listing in Hong Kong and Shanghai to fund its long-term AGI ambitions.
The news comes as China's AI sector continues to narrow the gap with leading U.S. AI labs despite ongoing restrictions on advanced chip access. Are we entering a world where frontier AI is no longer dominated by a handful of U.S. companies?
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