New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5
1-MIN READ1-MIN ListenCoco Fengin GuangdongPublished: 10:32am, 22 Jun 2026The market capitalisation of Hong Kong-listed artificial intelligence pioneer Zhipu AI surpassed HK$1 trillion (US$128 billion) on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals.Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980.
In a recent exchange on social-media platform X, tech billionaire Elon Musk estimated that a Chinese AI model capable of matching Claude Fable 5 would likely arrive in the first quarter of next year. Zhipu founder Tang Jie responded that it “won’t take that long”.
More to follow...
