Lab profileActive listed lab

Zhipu AI / Z.ai (智谱AI)

Academic-to-Enterprise PipelineTotem · Knowledge-graph Z

Known for: Tsinghua-origin GLM stack for enterprise, agents, video, and state-linked deployments.

Spun out of Tsinghua's Knowledge Engineering Group (KEG); founded by professors Tang Jie (唐杰) and Li Juanzi (李娟子); CEO Zhang Peng (张鹏).

Founded
2019
Location
Beijing
GLM-130BChatGLMGLM-4GLM-5.2CogVLMCogVideoX
Revenue
RMB724M (~$105M)
As of 2026-03-31
via Knowledge Atlas annual report
ARR
$300M-$500M estimated ARR
As of 2026-03-31
via Atlas estimate using annual report + MaaS API ARR
Valuation
$91.5B
Market cap · live, 2026-07-14
via Yahoo Finance
Funding raised
$2B
~$2.0B cumulative raised, including $558M IPO proceeds
Employees
1,094
2026-07-14
via Yahoo Finance
Market cap / employee
$83.6M
How lean the team is

Models & API pricing

Rates are OpenRouter's listed prices (USD per 1M tokens), a convenient cross-provider benchmark. First-party / native API pricing in China can differ, sometimes materially. Source: OpenRouter, as of Jul 13, 2026. Compare them on the models page.

GLM-5.2
1049K context
$0.93
Input / 1M
$3
Output / 1M

News & coverage

Notable recent updates, newest first.

ISR 1 hour
DealJul 14, 2026
Zhipu AI (Chinese: 智谱AI; also known as Z.ai)

Zhipu AI (Chinese: Zhipu; also known as Zhipu) rebranded to Zhipu Co., Ltd and filed for a 15B RMB A-share IPO on Shanghai STAR Market.

Zhipu AI (Chinese: 智谱AI; also known as Z.ai): Company English name changed to Zhipu Co., Ltd
ProductJun 22, 2026
Zhipu AI (Chinese: 智谱AI; also known as Z.ai)

Zhipu AI (Chinese: 智谱AI; also known as Z.ai)'s open-source Zhipu.2 ranks second globally on Code Arena, pushing market cap past 1 trillion HKD.

Up 2,076%, China's First Trillion-Yuan AI Company Is Born!
ProductJun 13, 2026
Zhipu

Zhipu AI (Chinese: 智谱AI; also known as Z.ai) opens Zhipu.2 to all Zhipu Coding Plan users.

Zhipu AI (Chinese: 智谱AI; also known as Z.ai): Zhipu.2 to be opened to all Zhipu Coding Plan users
DealJun 2, 2026
Zhipu

Zhipu AI (Chinese: 智谱AI; also known as Z.ai) and MiniMax (Chinese: 稀宇科技) plan to issue A-shares on Shanghai's STAR Market, shifting capital raising back to mainland China.

Hong Kong Stocks 'Return North': Why Are Zhipu AI (Chinese: 智谱AI; also known as Z.ai) and MiniMax (Chinese: 稀宇科技) Rushing Back to A-Shares?
FundingMay 23, 2026
Zhipu

Zhipu AI's valuation surged nearly 30% in a single day.