Overview
- Zhipu began trading on the Hong Kong Stock Exchange at HK$120 after pricing at HK$116.20, putting its market capitalization at about HK$528 billion.
- Chief scientist Tang Jie, in an internal letter cited by LatePost, called for a full return to core model research following the listing.
- The letter says the company plans to introduce GLM-5 soon as it advances its flagship model line.
- It outlines three technical priorities: new model architectures, a more general reinforcement learning paradigm, and continual learning for autonomous improvement.
- Zhipu has set up an X-Lab to gather young researchers for frontier exploration, incubate new projects, and expand external investments with an eye toward AGI.