Z.ai has unveiled its latest flagship model, GLM-4.5, which boasts an impressive 355 billion total parameters (with 32 billion active) and is complemented by the GLM-4.5-Air variant, featuring 106 billion total parameters (12 billion active), designed to integrate sophisticated reasoning, coding, and agent-like functions into a single framework. This model can switch between a "thinking" mode for intricate, multi-step reasoning and tool usage and a "non-thinking" mode that facilitates rapid responses, accommodating a context length of up to 128K tokens and enabling native function invocation. Accessible through the Z.ai chat platform and API, and with open weights available on platforms like HuggingFace and ModelScope, GLM-4.5 is adept at processing a wide range of inputs for tasks such as general problem solving, common-sense reasoning, coding from the ground up or within existing frameworks, as well as managing comprehensive workflows like web browsing and slide generation. The architecture is underpinned by a Mixture-of-Experts design, featuring loss-free balance routing, grouped-query attention mechanisms, and an MTP layer that facilitates speculative decoding, ensuring it meets enterprise-level performance standards while remaining adaptable to various applications. As a result, GLM-4.5 sets a new benchmark for AI capabilities across numerous domains.