智谱宣布涨价。 智谱2月12日发布GLM Coding Plan 价格调整函称，近期，GLM Coding Plan市场需求持续强劲增长，用户规模与调用量快速提升。 为保障高负载下的稳定性与服务质量，公司同步加大算力与模型优化投入，产品能力持续升级。基于实际使用情况与资源投入变化，公司 决定对GLM Coding Plan套餐价格体系进行结构性调整。 调整内容如下：取消首购优惠，保留按季按年订阅优惠；套餐价格进行结构性调整，整体涨幅自30%起；已订阅用户价格保持不变。生效 时间：2026年2月12日。 除智谱外，MiniMax等众多人工智能企业也成为港股投资者追捧的对象。随着近期多个科技大厂升级大模型，以及越来越多人工智能应用的推出，人工智 能企业的投资价值正得到越来越多投资者的关注。 大模型"双雄"获追捧 智谱近期上涨始于公司即将推出新模型的传闻。全球模型服务平台OpenRouter近期上线了一款代号为"Pony Alpha"的匿名模型，该模型因为编写代码能力 二级市场方面， 今年1月才登陆港交所的"大模型第一股"智谱近期涨势喜人。市值一度突破1500亿港元。 达到全球第一梯队级别而引起了高度关注，而市场普 ...

微信编辑 | 夏木 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 2026.02. 12 本文字数：322，阅读时长大约1分钟 2月12日，智谱发布GLM Coding Plan价格调整函称，近期，GLM Coding Plan市场需求持续强劲 增长，用户规模与调用量快速提升。为保障高负载下的稳定性与服务质量，公司同步加大算力与模型 优化投入，产品能力持续升级。基于实际使用情况与资源投入变化，公司决定对GLM Coding Plan 套餐价格体系进行结构性调整。调整内容如下：取消首购优惠，保留按季按年订阅优惠；套餐价格进 行结构性调整，整体涨幅自30%起；已订阅用户价格保持不变。生效时间为2026年2月12日。 （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 人民币稳定币境外发行被禁 3 0 ...

Core Insights - The article highlights the official release of the new generation large model GLM-5 by Zhiyuan on February 11 [1] - It emphasizes the full-process adaptation and verification achieved by Moole Thread on the AI training and inference integrated GPU MTT S5000 using the SGLang inference framework [1] Group 1 - Moole Thread utilizes the MUSA architecture to enhance system throughput while ensuring precision through hardware-native FP8 acceleration capabilities and the ACE asynchronous communication engine [1]

Core Insights - The anonymous model "Pony Alpha" has gained significant attention in the overseas developer community and is identified as a test version of Zhipu GLM-5 [1] - Official data indicates that GLM-5 achieved the highest scores among open-source models, with scores of 77.8 in SWE-bench-Verified and 56.2 in Terminal Bench 2.0 [1]

Group 1 - Meta plans to invest over $10 billion in building a data center park in Indiana, providing 1 GW of power capacity to support AI projects and core social media operations, while hedge fund Pershing Square disclosed a stake in Meta representing 10% of its capital, believing the market underestimates AI's long-term potential [2][3] - Apple faces delays in upgrading its Siri virtual assistant, with multiple new features potentially postponed until iOS 26.5 or iOS 27 due to issues with query handling, response times, and accuracy [2] - ByteDance is reportedly developing an AI chip and negotiating with Samsung for production, aiming to produce at least 100,000 chips this year and gradually increase output to 350,000, although a spokesperson claimed the information is inaccurate [3] Group 2 - NetEase's Q4 2025 revenue reached 27.5 billion yuan, a 3% year-on-year increase, but net profit attributable to shareholders fell nearly 30% to 6.2 billion yuan, missing expectations due to increased sales expenses and investment losses [5] - Zhiyuan Technology launched its new flagship model GLM-5, integrating DeepSeek sparse attention mechanism, targeting programming and intelligent agent capabilities, with internal evaluations indicating performance close to Claude Opus 4.5 [5] - Huazhu Group is under scrutiny from the Beijing Consumer Association for potentially unfair terms in its membership service agreement, prompting the company to initiate a self-examination and commit to improving the consumer environment [6] Group 3 - Amazon received approval from the US FCC to deploy an additional 4,500 low-Earth orbit satellites, expanding its constellation to 7,700 to enhance space internet competition [8] - Cisco reported Q2 revenue of $15.3 billion, exceeding analyst expectations, with product revenue of $11.64 billion, driven by a surge in orders from AI hyperscalers [8] - Ford anticipates achieving a record revenue of $187.3 billion in 2025, but expects a net loss of $8.182 billion, a 239.17% year-on-year decline, primarily due to rising supply chain costs and increased R&D investments [9] Group 4 - Samsung Electronics announced the Galaxy S26 series launch on February 26, featuring the 2nm Exynos 2600 chip and a 200-megapixel camera in the Ultra model, with continued strong demand for memory chips expected until 2027 [12] - Toyota is set to launch a pure electric version of the Highlander for the North American market, targeting a range of 320 miles, with plans to guide users of fuel/mixed models to the Grand Highlander series [12] - LG Energy Solution announced the acquisition of a 49% stake in a Canadian energy storage battery factory from Stellantis to strengthen its energy storage business [13]

Core Viewpoint - The release of the new generation large model GLM-5 by Zhiyu marks a significant advancement in AI capabilities, showcasing the effective integration of the MTT S5000 GPU with the SGLang inference framework for high-performance model inference [1] Group 1 - Zhiyu officially launched the GLM-5 model on February 11, demonstrating its capabilities in AI [1] - The MTT S5000 GPU achieved full-process adaptation and verification on Day-0, indicating rapid deployment capabilities [1] - The MUSA architecture provides extensive operator coverage and strong ecosystem compatibility, facilitating the complete model inference pipeline [1] Group 2 - The MTT S5000 GPU significantly reduces memory usage while ensuring model accuracy through its native FP8 acceleration capabilities [1] - The quick adaptation of the MTT S5000 not only validates the maturity of the MUSA software stack but also highlights the support capabilities of domestic full-function GPUs for the latest large models [1]

2月12日，智谱发布GLM Coding Plan价格调整函。 智谱表示，近期，GLM Coding Plan市场需求持续强劲增长，用户规模与调用量快速提升。为保障高负载下的稳定性与服务质 量，公司同步加大算力与模型优化投入，产品能力持续升级。基于实际使用情况与资源投入变化，公司决定对GLM Coding Plan套餐价格体系进行结构性调整。 调整内容如下：取消首购优惠，保留按季按年订阅优惠；套餐价格进行结构性调整，整体涨幅自30%起；已订阅用户价格保持 不变。 生效时间：2026年2月12日。 （文章来源：21世纪经济报道） ...

Group 1 - The core viewpoint of the news is the rapid growth and advancements in AI models, particularly highlighting the launch of new flagship models by various companies, which are driving significant market interest and stock price increases [1][2][3] Group 2 - Zhiyu released its next-generation flagship model GLM-5, which has shown a tenfold increase in user flow in a short period, prompting the company to expand its capacity to handle the load [1] - Zhiyu's stock price surged by 53.74% over three trading days, reaching a peak of 354 HKD per share, with a market capitalization of 139.3 billion HKD [1] - Alibaba launched its Qwen3-Max-Thinking model with over one trillion parameters and 36 trillion tokens of pre-training data, marking it as the largest reasoning model from Alibaba [1] - The Kimi K2.5 model from Moonlight Dark Side supports both visual and text input, and introduces "Agent cluster" capabilities for team operations [2] - DeepSeek's new model supports a context length of 1 million tokens, allowing for the processing of extensive content, such as entire book series or large documents [2] - ByteDance's AI video generation model Seedance 2.0 can create movie-quality videos from text or images, indicating advancements in multi-modal video models [3] - The Chinese government is promoting AI applications in the bidding and tendering sector, which is expected to catalyze further growth in the AI market [3] - Securities firms are optimistic about the rapid deployment of intelligent products and the transformative impact of AI on user interactions with software [3]

基石投资者机制发挥了股价托底作用，今年上市的22只新股均获基石投资者认购，参与机构涵盖淡马 锡、GIC等主权基金，贝莱德、瑞银等资管巨头，以及高瓴资本等私募机构。LiveReport大数据显示， 2026年1月港股IPO基石投资者单月投资金额达185.21亿港元，同比大幅增长13.3倍。基石投资者提前锁 定大额认购需求，通过信誉背书增强市场信心，减少短线投机资金占比，推动股价转向价值驱动的轨 道。此外，绿鞋机制作为补充稳定手段，主承销商可在上市后30天内通过超额配售或二级市场买入动作 调节股价，平抑波动。 香港证监会此前发出通函，严抓IPO质量，针对上市文件质量欠佳、保荐人履职失当等问题提出规范要 求，推动市场从流量导向转向质量导向，将长期提升港股上市公司整体资质，吸引更多长期资金入驻。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：观察君 今年以来，港股新股市场呈现首日零破发现象。Wind数据显示，已有22只新股完成上市，上市首日全 部守住发行价。对比之下，2025年12月上市的25只新股中，有10只首日未能守住发行价。 2月11日登陆港股的 ...

在衡量模型经营能力的Vending Bench2上，GLM-5取得开源模型第一的表现。Vending-Bench2要求GLM- 5在一年期内经营一个模拟的自动售货机业务，并尽可能多地在年底积攒银行账户余额。GLM-5目前的 账户余额达到4432美元，经营表现接近Claude Opus4.5，展现出优秀的长期规划与资源管理能力。 算力支撑方面，GLM-5已完成与华为昇腾、摩尔线程、寒武纪、昆仑芯、平头哥、沐曦等国产算力平 台的深度推理适配，通过算子优化与硬件加速，实现高吞吐、低延迟稳定运行，为线上服务提供坚实保 障。生态方面，开发者已利用其能力端到端地开发出可部署上线的应用。通过与OpenClaw等平台结 合，GLM-5能化身为7x24小时的智能助手，处理搜索、整理、编程等各类任务。 智谱(02513)新一代旗舰大模型GLM-5不仅在性能上领先，更具备端到端完成大型工程任务的能力，堪 称开源SOTA级"系统架构师"，同时已实现全栈国产芯片适配。 GLM-5面向生产级落地设计，可在极少人工干预下，自主完成Agentic长程规划执行、后端重构、深度 调试等系统工程任务。内部评估显示，其在前端、后端、长程编程任务上大 ...