Shares of Knowledge Atlas experienced a significant intraday rally, at one point soaring close to 45% to reach 1,620 Hong Kong dollars.
As of the time of writing, the trading volume for Knowledge Atlas shares has exceeded 6.3 billion Hong Kong dollars.
The sharp price movement follows a company announcement made to the Hong Kong Stock Exchange.
The board of Knowledge Atlas announced the launch of its latest flagship model, GLM-5.2.
The new model features an exceptionally long context window of up to 1 million tokens and maintains a leading position in long-range task performance.
Knowledge Atlas stated that the GLM-5.2 model will be open-sourced under the MIT license.
The company anticipates that this new model will contribute to increased usage volumes for its subsequent open platform and API services.
In its announcement, Knowledge Atlas clarified that, as of the date of the notice, it is not aware of any inside information that requires disclosure.
The company advised investors to exercise caution when trading its securities.