After the developer of GLM 5.2, Zhipu (02513.HK), released the model, its stock surged 117%! With a market cap of $14 million, it represents only 14–16% of Anthropic’s and OpenAI’s valuations. 🔥 Musk believes that by Q1 next year, Zhipu’s GLM model will match Fable’s capabilities. On June 12, the U.S. government announced export controls prohibiting overseas users from accessing Anthropic’s cutting-edge Fable 5 model. The very next day, Zhipu released GLM 5.2, the world’s top-ranked open-source model, which performs just below Fable 5 across multiple benchmarks—yet costs only one-tenth the average price. Meanwhile, GLM 5.2 achieves excellent levels in openness, model capability, and invocation cost.