HKG:2513

Knowledge Atlas Launches Flagship Model; Release Expected Soon

AI company Knowledge Atlas Technology (HKG:2513) launched its latest-generation flagship model GLM-5.2, which will be released soon under the MIT license, according to a Monday Hong Kong bourse filing.The model supports long context lengths of up to 1 million tokens and is designed for long-horizon tasks.The artificial intelligence company believes the model will lead to higher call volumes for its open platform and API services.

Zhipu AI Seeks Shanghai Bourse Sci-Tech Board listing

Knowledge Atlas Technology (HKG:2513), also known as Zhipu AI, proposed applying for a listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, according to a Monday Hong Kong bourse filing.The company plans to issue between 9.1 million and 38.8 million new A shares, representing 2% to 8% of its enlarged share capital, subject to shareholder, regulatory, and exchange approvals.Net proceeds are intended for artificial intelligence general-purpose foundational large language models, a large-model MaaS one-stop service platform, and working capital.The projects have a total proposed investment of 15 billion yuan, according to the filing.Knowledge Atlas also proposed changing its English name to Z.AI Co. to align with its operational needs.Subject to approval and confirmation by the stock exchange, its English stock short name will also be changed, while its Chinese name will remain unchanged.Zhipu debuted in Hong Kong in January, raising net proceeds of about HK$4.17 billion.

Guosheng Securities Starts Knowledge Atlas Technology at Buy with HK$1,239 Price Target

Knowledge Atlas to Acquire Property in Beijing for 360.5 Million Yuan

Knowledge Atlas Technology (HKG:2513) agreed to acquire Beijing Hongzuan Technology Development for 360.5 million yuan, according to a Hong Kong bourse filing on Tuesday.Shares of the artificial intelligence company fell nearly 5% in morning trade Wednesday.The company will pay 81.6 million yuan in cash to ACREP Diamond Investment, the seller, and assume 278.9 million yuan in loans owed by the target.Hongzuan Technology owns a property in Beijing that the firm said could meet its daily administrative and business operational needs.