Furui: KNOWLEDGE ATLAS (02513) GLM 5.2 ranks third globally in the Chinese AI milestone.

Fubon released a research report stating that KNOWLEDGE ATLAS (02513) subsidiary GLM 5.2 model ranked third globally in the Artificial Analysis model intelligence index, marking the first time a Chinese model has entered the top three. It ranked fourth globally in programming and second in intelligent physical capability, becoming a milestone in the development of Chinese AI. However, Fubon also warned that the United States' access restrictions on Anthropic Fable 5 may be difficult to sustain, and developers have a variety of alternative options and open source models to choose from. Currently, KNOWLEDGE ATLAS is overvalued, with a Price to Annual Recurring Revenue (ARR) ratio of 94 times based on the calculation of reaching $1 billion in ARR by the end of 2026, compared to Anthropic's ratio of approximately 18 times.