GLM-5封神，智谱市值五天翻倍，中国AI火力全开了

Core Viewpoint - The article highlights the significant advancements in China's AI landscape, particularly focusing on the launch of GLM-5 by Zhiyu, which is positioned as a leading model capable of handling complex system engineering tasks, marking a transition from "Vibe Coding" to "Agentic Engineering" [3][36]. Group 1: AI Developments - The 2026 Spring Festival period is expected to be pivotal in the history of AI development in China, driven by the release of Seedance 2.0 and GLM-5 [3][4]. - Seedance 2.0 showcases China's creative capabilities in AI, while GLM-5 demonstrates its execution strength, establishing a "twin star" dynamic in the AI sector [4][6]. - The market response to GLM-5 has been described as "frenzied," with high demand leading to rapid sellouts of its coding plans despite price increases [6][9]. Group 2: Technical Capabilities of GLM-5 - GLM-5 is characterized as the first "system architect" level model in the open-source community, capable of addressing complex system-level problems [13][14]. - The model's performance in coding tasks has been validated through rigorous testing, achieving a 100% pass rate in core algorithm performance metrics [26]. - GLM-5's architecture allows it to autonomously handle tasks such as building a high-concurrency distributed scheduling system, showcasing its advanced understanding of system architecture and engineering [19][24]. Group 3: Market Position and Performance - GLM-5 ranks fourth globally and first among open-source models in the Artificial Analysis intelligence ranking, indicating its competitive edge [39]. - In the Agentic ranking, GLM-5 is positioned third, surpassing other models like GPT-5.2 and Claude Opus 4.5, demonstrating its advanced capabilities [40]. - The model has achieved significant scores in various benchmarks, including SWE-bench-Verified and Terminal Bench 2.0, outperforming competitors like Gemini 3.0 Pro [42]. Group 4: Ecosystem and Future Prospects - The launch of GLM-5 is accompanied by the introduction of Z Code, a new development environment that enhances the coding process through natural language task breakdown and multi-agent collaboration [53]. - GLM-5's capabilities extend beyond coding to include document generation and other productivity tools, indicating a comprehensive approach to AI application [55]. - The integration with domestic computing platforms ensures that GLM-5 operates efficiently, paving the way for broader AI applications in 2026 and beyond [58][60].