Core Insights - Zhiyu (2513.HK) opened up 8.77% at HKD 339.8, with a market capitalization of HKD 151.5 billion, following the release of its new generation base model GLM-5, which is considered the strongest open-source model in the era of agentic engineering [1] - The launch of GLM-5 marks a transition from the "Vibe Coding" era of writing code snippets to the "Agentic Engineering" era of completing system engineering, indicating a consensus in academia and industry that the agentic engineering era has arrived [1] - Zhiyu is expected to become the first domestic model vendor to align with the Anthropic Opus series [1] Pricing Strategy - On February 12, Zhiyu announced a structural adjustment to its GLM Coding Plan pricing due to increased market demand, user growth, and call volume [1] - The company will enhance its computational power and model optimization, leading to continuous product capability upgrades [1] - The pricing structure will see an overall increase starting from 30%, with the cancellation of first-purchase discounts while retaining quarterly and annual subscription discounts; existing subscribers will not see a price change [1]
智谱高开近9%，正式开源发布新一代基座模型GLM-5