Chinese AI company Z.ai (formerly Zhipu AI) says its new GLM-5.2 model is now performing close to leading models from OpenAI and Anthropic on coding and AI agent benchmarks. The company claims the model delivers competitive results at a much lower cost and has been optimized to run on domestic Chinese hardware, including Huawei chips. Z.ai is also planning a dual listing in Hong Kong and Shanghai to fund its long-term AGI ambitions. The news comes as China's AI sector continues to narrow...