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

Zhipu AI's market capitalization exceeded HK$1 trillion (US$128 billion) on Monday, driven by investor optimism. Shares of Zhipu, trading as Knowledge Atlas Technology, surged by up to 42% on Monday morning, reaching a peak of HK$2,980. This spike followed the release of Zhipu's open-source GLM-5.2 model last week, which features a massive 1-million-token context. This milestone highlights Zhipu AI's growing significance in the global market, competing against major American firms. It signals an increasing trend towards innovation in artificial intelligence within Hong Kong.