Z.ai

AI company also known as Zhipu, developing the GLM model family, ChatGLM and agent tools.

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Z.ai
Logo: Z.aiSource details

At a glance

AI company also known as Zhipu, developing the GLM model family, ChatGLM and agent tools.

Founded
2019
Also known as
Zhipu; Zhipu AI; 智谱
Focus
GLM foundation models and agent tools
Reference
Z.ai

Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Recognized revenue is in RMB; reported ARR is in USD. They are not directly comparable or additive.

Company milestones

Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.

  1. H1 recognized revenue reaches RMB954M

    The half-year report, covered by Yicai, shows 399.7% year-over-year growth. This accounting result is separate from annualized subscription and API metrics.

    Source: Yicai
  2. Reported August ARR reaches $1.6B

    Yicai cites an analyst review of management’s disclosures; the $2.4B year-end figure is a target and is not recorded as achieved.

    Source: Yicai
Show earlier milestonesHide earlier milestones2026–2019 · 11 milestones

Earlier revenue, financing and company milestones.

  1. Introduces GLM-5.3 with a staged release

    The coding-focused model first reaches subscriptions; public weights follow a separate safety-review schedule.

    Source: Z.ai
  2. Reported ARR reaches $1B

    The July report identifies the recurring-revenue milestone. It is not equivalent to the company’s recognized half-year revenue.

    Source: Sina / Zhineng Yongxian
  3. 2025 sales rise to RMB724.3M

    The annual report records RMB312.4M in 2024, RMB124.5M in 2023 and RMB57.4M in 2022, providing a four-year recognized-revenue history.

    Source: Z.ai annual report
  4. Releases GLM-5

    The model expands agentic engineering and long-running coding workflows, with distribution through Z.ai and BigModel.

    Source: Z.ai
  5. Lists on the Hong Kong Stock Exchange

    Knowledge Atlas, the listed company behind Zhipu/Z.ai, begins trading under stock code 02513.

    Source: Z.ai annual report
  6. Introduces GLM-4.7

    The flagship refresh continues the company’s emphasis on coding and reasoning.

    Source: Z.ai
  7. Introduces GLM-4.5

    The company expands open-weight reasoning, coding and agent capabilities.

    Source: Z.ai press release
  8. Introduces AutoGLM

    The company extends from conversational models into agents that operate interfaces and perform tasks.

    Source: Z.ai
  9. Releases ChatGLM

    The conversational model and its smaller open version support wider developer adoption.

    Source: Z.ai
  10. Open-sources GLM-130B

    The bilingual model establishes a large open research release before ChatGLM.

    Source: Z.ai
  11. Zhipu is founded

    The company develops the GLM research and commercial platform later marketed internationally as Z.ai.

    Source: Z.ai

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