Chinese AI Firms Race to Release Models in Wave of Lunar New Year Launches

Summary

A coordinated wave of AI model releases from Chinese firms is underway, with multiple companies launching significant products around the Lunar New Year holiday period. Zhipu AI launched GLM-5, which achieved strong scores on agent benchmarks and coding performance. Moonshot AI released Kimi K2.5, an open-source model excelling in agents, coding, image, video, and general intelligence tasks — with industry observers noting it could "save 90 percent of the cost" compared to Western alternatives.