Zhipu AI Soars: New Model Drives HK$1T Valuation

Zhipu AI, trading as BigModel, saw its market value climb above one trillion Hong Kong dollars on June 22. This surge follows the launch of its newest AI model and growing hopes for commercial expansion. What's interesting is that the company's stock rose over 42% in intraday trading, reaching a high of 2,980 Hong Kong dollars per share. By the close, it ended up 15.09% at 2,410 Hong Kong dollars per share, with a market capitalization of 1.07 trillion Hong Kong dollars. The company's market value has increased from 52.8 billion Hong Kong dollars at its January 8 listing to over one trillion Hong Kong dollars in less than six months. This represents a cumulative gain of over 1,900%. The latest gains came after Zhipu AI announced and open-sourced its new flagship general language model, GLM-5.2. This model supports a one million-token context window, making it suitable for complex coding and enterprise tasks. GLM-5.2 ranked first in Code Arena blind tests and topped open-source model rankings on Artificial Analysis. The model's release positions Zhipu AI as a key player alongside leading international AI companies. The bottom line is that Zhipu AI's new model and market performance could signal significant shifts in the global AI landscape.