open-source-ai

The Beijing lab behind Kimi K2.6 raised $2 billion led by Meituan's Long-Z Investments, lifting its valuation to $20 billion and bringing six-month funding to $3.9 billion as ARR cleared $200 million.

Chinese AI lab Z.ai has released GLM-5.1 under the MIT license, a mixture-of-experts model that claims the top score on the SWE-Bench Pro coding benchmark while introducing agentic capabilities designed to sustain autonomous work sessions lasting up to eight hours.