Z.ai shares surge 8% after releasing new AI model running only on Chinese chips
The Chinese AI company said it had already launched the model globally in stealth mode for a week.
AI Summary
Z.ai shares surged over 8% after the Chinese AI company released a new low-cost model, GLM-5.3-Flash, which it claims runs entirely on Chinese-made semiconductors. The model ranks 10th on the Artificial Analysis Intelligence Index, ahead of DeepSeek’s flagship, and was the top-ranked model by usage on OpenRouter in its first week. The company said it used 100,000 China-made chips to handle all online requests, though CNBC was unable to independently verify the claim.