Core Viewpoint - The company Zhiyuan (2513.HK), known as the "first global large model stock," saw its stock price rise over 25% to 165 HKD on its second day of trading, reaching a market capitalization of 72.6 billion HKD [1] Company Overview - Zhiyuan is one of the earliest companies in China to engage in large model research and development, having pioneered the general pre-training paradigm GLM based on autoregressive fill-in-the-blank [1] - The company has released several significant models, including China's first hundred-billion model, the first open-source trillion model, the first dialogue model, the first multimodal model, and the world's first device control intelligent agent, establishing a comprehensive model system [1] - Zhiyuan is recognized for maintaining a level of original technology that is on par with global leaders, earning it the title of "China's OpenAI" [1] Technological Advancements - The GLM architecture has achieved a breakthrough in domestic production, being compatible with over 40 types of domestic chips, making it one of the most versatile model systems in the industry [1] Industry Context - The ongoing global AI competition has intensified, and Zhiyuan's status as the "first global large model stock" injects capital vitality into the development of domestic large models [1] - This listing marks a significant milestone for Chinese AGI companies, officially entering the capital market and beginning a new phase of competition with international giants [1]
智谱拉升涨超25%创上市新高，市值站上720亿港元