16:19 - 14.08.2026

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August 14, Fineko/abc.az. Chinese AI developer "Z.ai" (Zhipu) has announced its upcoming "GLM-5.3" language model. The new version features advanced coding capabilities designed to close the gap with top-tier global models like Anthropic’s "Fable 5".

Built on a 700-billion-parameter foundation, the model's weights will be made open to developers within two weeks. As the world's first publicly traded LLM developer following its Hong Kong IPO in January, "Z.ai" saw its market value peak at $137 billion before stabilizing around $75 billion.

The rapid rise of cost-effective Chinese AI solutions from firms like "DeepSeek", "Moonshot", and "Alibaba" continues to intensify the tech competition between the US and China.