Z.ai (Zhipu AI)
Open-weights GLM frontier models and a domestic-compute story. GLM-5.3-Flash is claimed to serve all traffic on 100,000 Chinese-made chips.
- Founded
- 2019
- Headquarters
- Beijing, China
- Pushes against
- Dependence on Nvidia hardware.
- Now
- Listed in Hong Kong 2026-01; shares up over 800% since IPO (CNBC, 2026-08). GLM-5.3-Flash ranks 10th on Artificial Analysis's Intelligence Index; chip claims unverified by CNBC.
Funding
- 8 July 2026
- Amount
- $4B share placement
- Lead
- Priced at HK$1,588, about 13% below the prior close (Bloomberg, via Startup Fortune)
- 8 January 2026
- Amount
- Hong Kong IPO (~$560M raised)
Every funding round in the atlas
Latest launches
- GLM-5.3-Flash Zhipu AI / Z.ai · 26 August 2026
First natively multimodal GLM-5 model, a 320B-total (18B active) MIT-licensed MoE on a hybrid sparse and linear attention design. - GLM-5.3 Zhipu AI / Z.ai · 14 August 2026
Coding and security-focused post-train of the GLM-5.2 base, with DeepSWE up from 46.2 to 66.9, CyberGym at 84.5 and weights under a new custom licence. - GLM-5.2 Zhipu AI / Z.ai · 13 June 2026
Z.ai's flagship GLM with, for the first time, a solid 1M-token context; 62.1 on SWE-Bench Pro and 40.5 on HLE, MIT-licensed, weights following three days after subscriber launch. - GLM-5.1 Zhipu AI / Z.ai · 7 April 2026
Post-trained GLM-5 that tops SWE-Bench Pro at 58.4 and can work autonomously on one task for up to eight hours. - GLM-5 Zhipu AI / Z.ai · 11 February 2026
744B-total (40B active) MIT-licensed MoE with DeepSeek Sparse Attention, trained on 28.5T tokens; 77.8% SWE-bench Verified and top open model on Artificial Analysis at launch. - GLM-4.7-Flash Zhipu AI / Z.ai · 19 January 2026
Free-tier 30B-A3B MoE (3B active) positioned as the strongest 30B-class model, at 59.2% SWE-bench Verified and 91.6 AIME 2025. - GLM-4.7 Zhipu AI / Z.ai · 22 December 2025
358B MIT-licensed model that adds interleaved and preserved thinking for agent loops, at 73.8% SWE-bench Verified and 41.0% Terminal Bench 2.0. - GLM-4.6V Zhipu AI / Z.ai · 8 December 2025
106B vision model with 128K context and native function calling, so images can drive tools directly; a 9B-Flash edge variant ships too.
Launches by year
20 launches and papers since 14 March 2023, oldest first within each year.
- 2026 6
- GLM-4.7-Flash, GLM-5, GLM-5.1, GLM-5.2, GLM-5.3, GLM-5.3-Flash
- 2025 7
- GLM-4-32B-0414 and GLM-Z1, GLM-4.1V-9B-Thinking, GLM-4.5 and GLM-4.5-Air, GLM-4.5V, GLM-4.6, GLM-4.6V, GLM-4.7
- 2024 4
- GLM-4 / GLM-4 All Tools, GLM-4-9B, CogVideoX (2B and 5B), GLM-4-Plus
- 2023 3
- ChatGLM-6B, ChatGLM2-6B, ChatGLM3
Sources
- cnbc.com/2026/08/27/zai-shares-surge-new-ai-model-using-chinese-chips.html
- startupfortune.com/zhipu-raises-4-billion-in-hong-kong-days-after-its-stock-surged-nearly-
- docs.z.ai/release-notes/new-released
- en.wikipedia.org/wiki/Zhipu_AI
- caixinglobal.com/2026-01-08/chinas-zhipu-ai-jumps-in-hong-kong-debut-102401610.html
This profile was checked and corrected against its sources on 6 October 2026. How we check