Zhipu shares half-year results and next-gen model plans

Zhipu shared updates at its mid-year earnings call, revealing that its next-gen model will use a large-base approach, with details on parameters to be announced later. The company focuses on making the model practical and ready for full-scale use from day one, having already started early research on inference. Financially, Zhipu reported revenue of 954 million yuan for the first half of 2026, up 399.7% year-over-year, with gross profit up 163.7% to 252 million yuan. Net loss narrowed 12.1% to 2.071 billion yuan. Recently, Zhipu also launched GLM-5.3, an open-source model praised for coding, showing a 50% improvement over GLM-5.2.