刚刚！AI大牛股，重磅发布！四大创新来袭，多家国产芯片“入列”

Core Insights - The company, Zhiyu, has officially released the GLM-5 technical report, claiming significant performance improvements due to four major technological innovations [1][11] - GLM-5 has demonstrated unprecedented capabilities in real-world programming tasks, surpassing all previous open-source benchmarks in handling end-to-end software engineering challenges [1][4][14] - Following the release of GLM-5, Zhiyu's stock price surged by 42.72% to 725 HKD per share, achieving a total market capitalization of 323.2 billion HKD, with a cumulative increase of over 500% since its listing [1][11] Technological Innovations - The first innovation is the introduction of the DeepSeek Sparse Attention (DSA) mechanism, which significantly reduces training and inference costs while maintaining long-context understanding and reasoning depth. This allows the model parameters to expand to 744 billion and training tokens to 28.5 trillion [5][15] - The second innovation involves a new asynchronous reinforcement learning (RL) infrastructure that decouples the generation and training processes, greatly enhancing post-training iteration efficiency [6][14] - The third innovation is a new asynchronous Agent RL algorithm that improves the model's autonomous decision-making quality, enabling it to learn continuously from diverse long-term interactions [6][16] - The fourth innovation is the full embrace of the domestic computing power ecosystem, with GLM-5 being natively compatible with seven major domestic chip platforms [6][16] Market Response and Pricing Strategy - Due to overwhelming demand, Zhiyu announced a price increase for the GLM Coding Plan subscription service, with a 30% increase in China and over 100% for the overseas version, marking it as the first domestic AI company to raise prices for large model commercialization services [1][9][19] - The GLM Coding Plan subscription service, designed for AI programming scenarios, has sold out immediately upon launch, indicating a rare demand surge in the industry [8][18] - Zhiyu has acknowledged issues with user experience due to high demand and has implemented a phased rollout of GLM-5 access for different subscription tiers [8][18]