This is their blurb about the release:

    We’ve launched GLM-4.7-Flash, a lightweight and efficient model designed as the free-tier version of GLM-4.7, delivering strong performance across coding, reasoning, and generative tasks with low latency and high throughput.

    The update brings competitive coding capabilities at its scale, offering best-in-class general abilities in writing, translation, long-form content, role play, and aesthetic outputs for high-frequency and real-time use cases.