Chinese AI company Zhipu AI listed on the Hong Kong Stock Exchange today, opening at HK$120 per share with a market capitalization exceeding HK$52.8 billion (approx. $6.8 billion). The listing makes Zhipu the world’s first publicly listed company with AGI foundation models as its core business.
In an internal letter released shortly after the listing, Chief Scientist Tang Jie confirmed that the next-generation GLM-5 model will launch soon.
Tang also announced the formation of “X-Lab,” a new division dedicated to disruptive frontier exploration, including new model architectures, new cognitive paradigms, and the incubation of new projects. The unit is not limited to software or hardware and is aligned with the company’s long-term AGI roadmap. [TechNode reporting]