$KNOWLEDGE ATLAS (02513.HK)$ Opened nearly 15% higher and is now up sharply by 42%.
On the news front, on June 13, Zhipu AI officially announced the full release of GLM-5.2, its most capable open-source large model to date, which will launch its API and be formally open-sourced next week. The model supports a truly usable 1 million-token context window and maintains its leadership in long-context tasks. Notably, the previously touted overseas “most powerful model” was urgently taken offline at the request of the U.S. government. On June 12, Anthropic suspended access to Fable 5 and Mythos 5 for all users due to U.S. government demands citing national security concerns and its inability to instantly verify users’ nationalities—just three days after the models’ release.
Orient Securities believes that the delisting of Anthropic’s leading models will create a substitution effect favorable to domestic frontrunner model companies. Guosen Securities noted that Zhipu AI’s GLM series of large models is evolving along the path of “enhanced coding capabilities → agentification → long-horizon tasks → autonomous operating systems.” Starting with GLM-5, the company has established a leading position in programming and remains highly focused on advancing model coding capabilities. The company is gradually building a strong data flywheel effect in the programming domain, and its competitive edge is expected to persist.