China’s GLM-5 Isn’t Just Another AI Model. It’s a Signal.
When Zhipu AI (2513.HK) released its open-source GLM-5 model ahead of Lunar New Year, many headlines focused on benchmarks — coding scores, agentic performance, comparisons to Anthropic’s Claude Opus and Google’s Gemini. That misses the real story. This isn’t about one model. It’s about infrastructure independence. The Chip Question Is the Real Story Every AI…