Core Viewpoint - The article discusses the recent IPO of Zhipu, marking it as the first stock in the global large model sector, while highlighting the tension between lofty AGI aspirations and the harsh realities of financial performance and market pressures [1][2][3]. Company Overview - Zhipu has officially listed on the Hong Kong Stock Exchange under the code 02513, which symbolizes "AI is my life" [4][8]. - The company reported a revenue of 312 million yuan and a loss of 2.958 billion yuan for the previous year, indicating significant financial challenges despite its ambitious goals [17]. Industry Context - The industry is experiencing a shift where the initial excitement around AGI is being tempered by financial realities, with companies like Zhipu and MiniMax acknowledging the early-stage development of AGI and the associated uncertainties [17]. - The article notes that the AGI vision, while inspiring investment and public interest, may also lead to speculative behavior and distract from tangible advancements in AI within specific verticals [16][17]. Market Sentiment - The market reaction to Zhipu's IPO has been mixed, with discussions focusing on stock performance, market capitalization, and the financial implications for investors, rather than the company's long-term vision [2][17]. - There is a growing sentiment in the industry that the focus should shift from AGI as a lofty goal to more immediate concerns of survival and customer acquisition [17].

RT Eugene Leventhal (@bbeats1)Inspired by @VitalikButerin's d/acc work & the general trend of 'gov is dead so why bother' this year, I want to introduce gov/accgov/acc is an open research program focused on outlining the problems we're facing in web3, as a starting point for accelerating gov R&D🧵👇 ...

New Starboard is Live 🌠 @astrolologylsStep into the AstroLOLogy universe and join your star spirits as they power up the next era of web3 entertainment.1% of the $LOL supply will be rewarded to top Aura contributors + @GalxeQuest contributors: https://t.co/rA9OWxpmVx https://t.co/F6jRp0uOay ...

RT Sera☆ (@SeraStargirl)Shout out to the partners supporting this season 15 of Shefi 💫@base @brave @Decentraland @endaomentdotorgyour support helps open doors for more women to learn, grow, and find their place in web3.So grateful to be a recipient of a Shefi scholarship for this season🌸 https://t.co/yrSwJlbDUU ...

RT AtnsMDX (@AtnsXBT)My first baroque artWhere everything started for me and my presence at web3 https://t.co/wfJUzOlkVM ...

Unfortunately, there are a lot of web3 companies that will “pivot” or completely go away.It’s almost like people are building for their own small tight circle, and not for the entire world as Crypto was created for.The average person doesn’t care about tech but instant ease.Wu Blockchain (@WuBlockchain):Farcaster co-founder Dan Romero announced a major strategic shift for the project, abandoning its 4.5-year “social-first” approach that failed to achieve product-market fit and fully pivoting to a “wallet-dr ...

RT James Richard Fry (@jamesrichardfry)We all have a @MetaMask story.I still remember the feeling of using MM for the first time. Both exhilarating & terrifying as I crossed my fingers, hoping I was following the steps correctly from whatever tutorial I was following at the time.They get a lot of flack, and of course they do. The OGs always do. But there’s a reason they’re still the most used wallet in the space.Back then, opening my first MM wallet (yes I still have it) felt like opening a world of possibi ...

This week in crypto and web3:@beeple’s robotic dogs at Art Basel@pudgypenguins launch toys + NHL deal@cryptopunks coming to NODE Palo Alto@jackbutcher’s Self-Checkout success@CaballeroAnaMa drops “In Record Time” on OpenSeaRead more news below.https://t.co/xAMpxQuEkZ ...

This week in crypto and web3:@beeple’s robotic dogs at Art Basel@CaballeroAnaMa’s OpenSea poem@pudgypenguins launch toys + NHL deal@cryptopunks on view at NODE Palo Alto @jackbutcher’s Self-Checkout successMore news below.https://t.co/xAMpxQuEkZ ...

Klout will become very valuable project ⚡Keep your eyes on it.THE HUNTER ✴️ (@TrueGemHunter):Klout is rising fast and the new update shows why.@kloutgg is proving that digital engagement has real measurable value.⚡ This is the next chapter of web3 where trends have real value⚡ Activity on X is transformed into on chain value through Klout.⚡ Shouts rewards and https://t.co/FkzH93vm5A ...