Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar

The market capitalisation of Hong Kong-listed artificial intelligence pioneer Zhipu AI surpassed HK$1 trillion (US$128 billion) on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals.
Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980.
The surge follows the release of Zhipu’s open-source GLM-5.2 model last week. Featuring a massive 1-million-token context...