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Published on 12.02.2026
TLDR: The viral mystery model known as "Pony Alpha" that had Reddit buzzing for weeks has been revealed as GLM 5, the new flagship from Zhipu AI (Z AI). It brings deep reasoning capabilities to code generation but comes at double the cost of its predecessor.
The Secret is Out: Pony Alpha is GLM 5 — And It's Free in Kilo