智谱GLM-5重磅发布！使用感受逼近Claude Opus 4.5！这些A股公司有望受益！

Core Viewpoint - The article highlights the significant market performance and technological advancements of Zhipu AI, particularly with the launch of its new flagship model GLM-5, which marks a shift in AI programming capabilities from "Vibe Coding" to "Agentic Engineering" [2][6]. Group 1: Market Performance - On February 12, Zhipu AI's stock surged over 40%, reaching a market capitalization of over HKD 170 billion [2]. - A-share companies related to Zhipu AI, such as Shoudu Online and Youkede, also experienced a 20% limit-up [2]. Group 2: Technological Advancements - The GLM-5 model features a substantial upgrade in parameters from 355 billion in GLM-4.7 to 744 billion, and pre-training data increased from 23 trillion tokens to 28.5 trillion tokens [3]. - The new "Slime" framework allows for larger models and complex reinforcement learning tasks, while the integration of the DeepSeek sparse attention mechanism reduces deployment costs without compromising long text performance [3]. Group 3: Competitive Positioning - GLM-5 achieved a state-of-the-art (SOTA) performance in programming and agent tasks, ranking fourth globally and first among open-source models according to the Artificial Analysis Intelligence Index v4.0 [4]. - The model's capabilities are approaching those of Claude Opus 4.5, particularly in complex systems engineering and long-range agent tasks [4]. Group 4: Pricing Strategy - Zhipu AI announced a price increase of at least 30% for its GLM Coding Plan, indicating a shift in pricing logic influenced by overseas models like OpenAI [7]. - The change reflects a transition from a "subsidy for market" approach to a "value for premium" strategy, emphasizing the intrinsic value of foundational models [7].