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The Decoder

The AI industry's platform trap is starting to look a lot like Microsoft's OpenAI buys Ona to push Codex toward long-running, autonomous coding tasks Jeff Bezos' AI startup Prometheus closes $12 billion round at a $41 billion valuation Free Deezer tool lets users on any streaming service check their playlists for AI music OpenAI vs. Anthropic: A price war over API tokens is brewing Dario Amodei's new essay reads like a Cold War playbook for the AI age Claude Fable 5: Anthropic admits "wrong tradeoff" after invisibly throttling rival AI researchers Google's new open model DiffusionGemma generates text from noise instead of word by word OpenAI's IPO slips as Altman tells staff to expect a public offering "within the next year" Anthropic study shows AI needs hours, not weeks, to build exploits from security patches OpenAI wants its biggest data center yet, and Nvidia would back the bill Claude Fable 5: The first Mythos model is powerful, expensive, and heavily filtered Germany's National Security Council greenights an AI Safety Institute modeled after the UK's AISI Google's NotebookLM now runs its own cloud computer with code execution and agent-based research Anthropic releases Claude Fable 5 and Mythos 5 with major gains in coding and science Google's Gemini 3.5 Live Translate delivers real-time voice translation across 70+ languages SpaceX wants to put data centers in orbit, and Musk says it's no big deal Landmark German ruling declares Google's AI Overviews are Google's own words and makes it liable for false answers Beijing's $295 billion AI buildout would require 80 percent domestic chips, locking out US suppliers Apple Intelligence gets a second shot with help from Google and Nvidia OpenAI now says "entirely automating everything is not the future we want" OpenAI says going public is "a complicated set of tradeoffs" and is unsure about the timing Microsoft Research's Lens proves detailed captions matter more than raw scale for training efficient image generators Intel gets a second life as Google and Nvidia explore it as a TSMC backup for AI chips Most companies are flying blind on AI spending Frontier Radar #3: How agentic AI is turning tokens into a business metric Instagram AI chatbot breach may have affected over to 20,000 accounts, Meta discloses Microsoft tightens rules for conflict zones after investigation into Israel's military use of Azure Moonshot AI targets a $30 billion valuation, more than six times its late-2025 worth Deepseek topped Ramp's trending software vendors in June 2026 as US companies chase cheaper AI
Snowflake CEO finds GLM-5.2 competitive with Opus 4.7 at ...
Matthias Bastian · 2026-06-25 · via The Decoder

Snowflake compared GLM-5.2 and Opus 4.7 in a hands-on benchmark. The Chinese model held its own.

The test covered 103 tasks, each run three times, where models had to write code that works on both DuckDB and Snowflake. When each model got three attempts per task, the two were neck and neck: 66% vs. 67% of tasks solved.

First-attempt accuracy diverges: Opus hit 53.7%, GLM only 47.6%, showing GLM's output is less consistent. The Chinese model also averaged 99 runs per task versus Opus's 80 and burned through 860 million tokens, nearly double Opus's 439 million.

Opus 4.7 is the better model, but GLM is competitive in Snowflake's code benchmark and costs far less. | Image: via X[

GLM's strength is validating code reliably across both platforms (DuckDB and Snowflake) at the same time. According to Snowflake CEO Sridhar Ramaswamy, that's why only GLM could solve certain tasks.

Its weaknesses are giving up too early and obsessively checking the wrong things. On one task, GLM fired off 411 tool calls in 24 minutes, checking row counts, distributions, null values, and column types, and still failed all three attempts. Opus solved the same task with 49 calls in 9 minutes.

The claim that GLM produces cleaner code didn't hold up, Ramaswamy said. More checks don't lead to more correct results. Still, the team is excited about GLM-5.2 and wants to make it available to customers.

China's pricing puts real pressure on the Western AI bubble

The results matter most in the context of price. GLM-5.2 costs $1.40 per million input tokens and $4.40 per million output tokens, according to Zhipu's official price sheet. Some third-party providers undercut Zhipu's price even further. Claude Opus 4.7 runs $5 input and $25 output. GPT-5.5 costs $5 input and $30 output.

Model Input Cached Input Output
GLM-5.2 $1.40 $0.26 $4.40
Claude Opus 4.7 $5.00 $0.50 (Cache Hit) $25.00
GPT-5.5 $5.00 $0.50 $30.00
GPT-5.4 $2.50 $0.25 $15.00

GLM's higher token usage eats into that price gap somewhat. But Anthropic and OpenAI are facing serious pricing pressure, and right in coding, the flagship use case both Western AI labs are betting on.

If that pressure slows revenue growth, or worse, shrinks it, the already inflated AI market faces a real stress test. OpenAI's and Anthropic's valuations rest on the assumption that revenue keeps climbing fast. Those valuations are tied to billions in bets on AI infrastructure buildout, from data centers to chip orders.

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