智谱市值创历史新高

Core Viewpoint - The article discusses the ongoing excitement surrounding AI video generation models Seedance 2.0 and the new model GLM-5 from Zhiyu, highlighting significant stock price increases in related companies and the growing demand for computational power in the industry [3][5]. Group 1: Market Performance - On February 13, 2026, the cultural media theme index saw notable increases, with Light Media rising by 15.3% and Zhangyue Technology by 10% [3]. - In the AI application index, Deep Technology increased by 10.02% and Fengyuzhu by 9.98% [3]. - Despite declines in the Hang Seng Index and Hang Seng Tech Index, Zhiyu and MiniMax experienced gains of 13.78% and 9.86%, respectively, with Zhiyu's market capitalization reaching a new high since its listing [3][4]. Group 2: Pricing and Demand - Zhiyu announced a price increase for its GLM Coding Plan subscription service, citing strong market demand and a rapid increase in user scale and usage [5]. - The price adjustment, starting from a 30% increase, reflects the need for enhanced computational power and model optimization to maintain service quality under high load [5]. Group 3: Model Advancements - The CEO of ListenHub, Juzi, noted that Zhiyu's price increase signifies a pivotal turning point, driven by the model's enhanced capabilities and the scarcity of tokens [6]. - The GLM-5 model has doubled its parameters from 355 billion to 744 billion and increased its pre-training data from 23 terabytes to 28.5 terabytes, achieving deep compatibility with domestic computing platforms [6]. - Multi-modal models like Seedance 2.0 and Nano Banana Pro are consuming tokens at rates significantly higher than pure text, indicating a surge in demand as these capabilities are unlocked [7]. Group 4: Competitive Landscape - The article highlights that domestic models are rapidly catching up, with Seedance 2.0 and GLM-5 representing validated paths in AI applications for video generation and coding [10]. - In the coding domain, Zhiyu's GLM-5 aims to compete with Anthropic's Claude Opus 4.5, although it still lags behind in certain advanced capabilities [10]. - Chinese companies like DeepMind and Alibaba are recognized as key players in narrowing the gap in AI model development, showcasing strong global competitiveness [12].