{"id":103890,"date":"2026-07-13T10:04:09","date_gmt":"2026-07-13T10:04:09","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/103890\/"},"modified":"2026-07-13T10:04:09","modified_gmt":"2026-07-13T10:04:09","slug":"chinas-zhipu-ai-developer-of-glm-5-2-defies-slump-as-it-pursues-agi-over-quick-profits","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/103890\/","title":{"rendered":"China\u2019s Zhipu AI, developer of GLM-5.2, defies slump as it pursues AGI over quick profits"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Chinese artificial intelligence giant Zhipu AI bucked a broad plunge of AI-related stocks across Hong Kong and the Chinese mainland on Monday, which saw arch-rival MiniMax slumping almost 20 per cent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Zhipu, trading as Knowledge Atlas Technology in Hong Kong, closed almost flat at HK$1,645 on Monday after its shares gained more than 1 per cent by midday. The company, whose stock has skyrocketed 12-fold since its January debut, over the weekend pledged to prioritise advancing towards artificial general intelligence (AGI) over near-term commercialisation.<\/p>\n<p>In comparison, MiniMax shares fell 17 per cent to close at HK$222.8, the lowest since its January debut. Last week, <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3360084\/minimax-ceo-forgoes-salary-until-agi-achieved-firm-seeks-us2b-amid-80-stock-plunge?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">company founder Yan Junjie<\/a> also expressed determination to achieve AGI and pledged to forgo his salary until that level of intelligence was realised.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Nevertheless, Zhipu AI has declined from its peak late last month, when its market capitalisation briefly surpassed HK$1 trillion (US$128 billion) following investor enthusiasm over its release of the GLM-5.2 model. Its market cap has dropped to HK$730 billion.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The company said it would spend the next two years investing in frontier AI research, according to an internal letter issued on Saturday by Tang Jie, a company co-founder and renowned Chinese computer scientist at Tsinghua University, and seen by the South China Morning Post.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The company \u201cwould not pursue short-term monetisation from AI applications\u201d, but instead set its sights on the next frontier of AGI, when AI captures \u201cthe aggregation of all human intelligence\u201d, Tang said in the letter.<\/p>\n<p><img decoding=\"async\" alt=\"The MiniMax logo is displayed on the screen of a smartphone in this illustration taken May 11, 2026. Photo: Shutterstock Images\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/07\/11770e43-480e-4f6d-8b5c-f32a59165c62_8d548d6f.jpg\" title=\"The MiniMax logo is displayed on the screen of a smartphone in this illustration taken May 11, 2026. Photo: Shutterstock Images\"\/>The MiniMax logo is displayed on the screen of a smartphone in this illustration taken May 11, 2026. Photo: Shutterstock Images<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese artificial intelligence giant Zhipu AI bucked a broad plunge of AI-related stocks across Hong Kong and the&hellip;\n","protected":false},"author":2,"featured_media":103891,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6744,24,53936,53142,3013,387,53935,53933,1296,2700,930,53934,698,53363,17034,9756],"class_list":["post-103890","post","type-post","status-publish","format-standard","has-post-thumbnail","category-agi","tag-agi","tag-ai","tag-ai-safety-governance","tag-albert-einstein","tag-artificial-general-intelligence","tag-china","tag-chinese-ai-sector","tag-gigadevice","tag-goldman-sachs","tag-hong-kong","tag-minimax","tag-shanghai-composite","tag-south-korea","tag-tang-jie","tag-tsinghua-university","tag-zhipu-ai"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/103890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=103890"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/103890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/103891"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=103890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=103890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=103890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}