The one that matters
The mystery model was Z.ai all along
Z.ai confirmed Ox Alpha - the anonymous model that topped OpenRouter's charts on 100T free tokens a day - is GLM-5.3-Flash: 320B parameters, and the GLM line's first natively multimodal release. Weights are out, Z.ai claims it beats GLM-5.2 at a tenth of the price, and the whole stealth run was served on Chinese AI chips.
Why it matters
A frontier-adjacent multimodal model, open weights, at commodity prices, served without Nvidia in the loop: that's three separate pressure points on the US lab business model in one launch. The stealth-release playbook also worked well enough that it now looks like the standard way Chinese labs will ship.
