智谱 A 股 IPO 迎新进展

Core Viewpoint - The article discusses the recent developments of Z.AI, a company focused on artificial intelligence, particularly its plans for an IPO and advancements in AI model capabilities [2][4]. Group 1: IPO and Regulatory Information - Z.AI has withdrawn its previous IPO guidance submitted in April 2025 and has registered a new IPO guidance, indicating plans to list on the Shanghai Stock Exchange's Sci-Tech Innovation Board [2]. - The new IPO counseling institutions have changed from China International Capital Corporation to Guotai Junan Securities and China International Capital Corporation [2]. Group 2: Company Overview and Achievements - Founded in 2019, Z.AI originated from the Knowledge Engineering Group at Tsinghua University, focusing on developing general artificial intelligence (AGI) [4]. - The company has developed a fully domestic pre-training architecture called GLM, achieving significant results in robustness, controllability, and hallucination [4]. - Z.AI's flagship models GLM-4.5 and GLM-4.6 have achieved the top rankings in 12 authoritative evaluations, particularly excelling in coding capabilities, tying for first place globally in a competitive coding arena [5]. - The company has experienced revenue growth, doubling its income for three consecutive years, and has become the largest independent large model vendor in China, serving over 2.7 million customers and developers across various industries [5].