智谱的布局与上城区的发展规划同频共振。刚刚闭幕的上城区委一届九次全体（扩大）会议明确， 要着力在人工智能创新引领、上城特色现代化产业体系构建上奋进突破，推动中央创新区建设取得显著 进展。会议提出，要纵深推进人工智能创新高地建设，锚定打造人工智能创新发展第一城重要一极，加 速落地具身智能先导区"一带一圈一集群"发展布局，健全"算力+数据+模型+应用"协同支撑体系，大力 推进人工智能科技创新、产业发展、赋能千行百业，让人工智能成为中央创新区的最大增量、鲜明标 识。 作为上城区重点引进和培育的人工智能标杆企业，智谱浙江总部正积极推动大模型技术的应用深 化，聚焦政务、教育、跨境电商等领域打造标杆示范项目。而其落地与发展，离不开上城"资本+产 业"双轮驱动的全方位支持——据上城资本集团相关负责人介绍，作为直投方，集团通过战略协同为智 谱对接产业资源、加速商业化进程提供了积极支撑。 "我们对上城的商业氛围早有了解，也很看好这里的上下游生态与业务拓展空间。"智谱高级副总裁 吴玮杰说，吸引智谱浙江总部落户上城的，正是当地作为都市经济标杆区的发展潜力、包容开放的产业 生态与精准的科创政策。 未来，上城资本集团将继续深化与智谱的 ...

根据公开资料，智谱是中国最早投身大模型研发的厂商，原创提出了基于自回归填空的通用预训练范式 GLM，率先发布了中国首个百亿模型、首个开源千亿模型、首个对话模型、首个多模态模型，以及全 球首个设备操控智能体（Agent），形成了全面的模型体系，是国内罕有在原创技术路线上与全球顶尖 水平保持同步的厂商，因此也被誉为"中国OpenAI"。目前，GLM架构已实现全国产化突破，适配40余 款国产芯片，成为业内通用性最高的模型体系之一。当前全球AI竞赛持续升温，智谱拿下"全球大模型 第一股"，不仅为国产大模型发展注入资本活力，更标志中国AGI企业正式迈入资本市场的舞台中央， 开启与国际巨头同台竞技的新阶段。 "中国版OpenAI"智谱(02513.HK)今日挂牌上市，正式成为"全球大模型第一股"。截至上午收盘，股价上 涨约12%至130港元，市值超570亿。 ...

2026年1月8日，北京智谱华章科技股份有限公司（02513.HK）（以下简称"智谱"）在香港联合交易所挂牌上市。 这意味着，全球首家以通用人工智能（AGI）基座模型为核心业务的上市公司正式花落中国，中国最大的独立大模型厂商智谱由此成为"全球大模型第一 股"。 上市首日开盘，智谱报120港元，市值528.28亿港元。 值得注意的是，在技术上，智谱并未将自身定位为"短期应用红利型公司"，而是明确提出了覆盖L1至L5阶段的AGI技术路线图，并将长期基座模型研发视 为公司的核心使命。这一长期技术叙事，或将成为其在资本市场区别于一般AI公司的关键标签。 "全球大模型第一股" 作为"全球大模型第一股"，智谱被誉为"中国的OpenAI"，是OpenAI的头号竞争对手，其稀缺性吸引了国际长线基金、知名产业资本及投资机构作为基石 投资者。 根据全球公开发售文件，本次上市，智谱引入JSC International Investment Fund SPC、JinYi Capital Multi-Strategy Fund SPC、Perseverance Asset Management 等11家基石投资者，合计认购29.8亿 ...

根据全球公开发售文件，本次上市，智谱引入JSC International Investment Fund SPC、JinYi Capital Multi-Strategy Fund SPC、 Perseverance Asset Management 等11家基石投资者，合计认购29.8亿港元，囊括了一支由北京核心国资、头部保险资金、大型公募基 金、明星私募基金和产业投资人构成的全明星基石投资阵容。 而在IPO之前，智谱已完成了8轮融资，融资规模超83亿元，云集一批主流明星投资机构。参投机构覆盖美团、蚂蚁、阿里、腾讯、小米、 金山等产业资本，君联资本、启明创投、红杉中国、高瓴等头部创投机构，以及各地方政府国资。 2026年1月8日，北京智谱华章科技股份有限公司（02513.HK）（以下简称"智谱"）在香港联合交易所挂牌上市。 这意味着，全球首家以通用人工智能（AGI）基座模型为核心业务的上市公司正式花落中国，中国最大的独立大模型厂商智谱由此成为"全 球大模型第一股"。 上市首日开盘， 智谱报 120港元，市值528.28亿港元 。 值得注意的是，在技术上，智谱并未将自身定位为"短期应用红利型公司"，而是明确 ...

大家好欢迎收看【古今财鉴】 美国这几年对中国AI的围堵，动作可不小。 又是高端芯片禁运，又是闭源模型技术壁垒，摆明了想卡住咱们的脖子。 财经摆渡人 精研出品 破浪前行，共探财富新局 当时不少人觉得，中国AI发展怕是要慢下来了。 谁能想到，现在风向变了超过一半的美国初创企业，居然把中国开源AI模型当成了开发首选。 这剧情反转得，连我这个常年追科技圈的都觉得意外。 就拿硅谷那些明星公司来说，不是偷偷用，是明着"站队"。 Perplexity这种AI创业独角兽，底层技术直接搭在中国模型上；Airbnb更直接，CEO公开说他们的AI客 服系统"重度依赖"阿里的Qwen模型。 我翻了翻硅谷工程师的聊天记录，DeepSeek、GLM、Kimi这些名字，现在跟咖啡一样成了办公室标 配。 不光是商业公司，连学术界和芯片巨头都"真香"了。 斯坦福大学搞推理模型研究，直接拿Qwen当基座改；英伟达训练自家AI时，居然用Qwen生成高质 量"合成数据"。 这场景挺讽刺的美国想卡中国的算力脖子，结果中国模型反倒成了美国AI的"养料供给者"。 半数美企"用脚投票"，中国模型成硅谷新宠 为什么美国公司放着自家的闭源模型不用，非要千里迢迢 ...

Core Insights - The article discusses the impact of Anthropic's ban on the Claude model for Chinese companies, leading to the removal of Claude from AI programming tools like Trae and CodeBuddy [1][3][8] - The ban has created opportunities for domestic AI models to fill the gap left by Claude, with companies like Zhiyu and Kimi launching migration plans for developers [9][12] Group 1: Company Actions - ByteDance's Trae international version has removed access to the Claude model as of November 4, following a service adjustment notification to users [1][4] - Tencent's CodeBuddy international version had already removed the Claude model by October 1, replacing it with models like OpenAI's GPT-5 and Gemini-2.5-Pro [3][8] - Trae has offered Pro members an additional 50% request quota as compensation for the removal of Claude, valid until January 31, 2026 [6] Group 2: Market Response - The removal of Claude has accelerated the development of domestic AI models, with companies like Zhiyu and Kimi quickly introducing alternatives [9][12] - Zhiyu has launched a "migration plan" for Claude API users, promoting its GLM model as a cost-effective alternative, priced at one-seventh of Claude's cost [9][12] - Kimi updated its model on the same day the ban was announced, positioning it as a competitor to Claude at a significantly lower price point [12] Group 3: Industry Trends - The ban on Claude has prompted a shift in the AI programming landscape, with domestic models gaining traction and attracting attention from both local developers and international companies [9][12] - Major Chinese tech firms are increasingly focusing on developing their own integrated development environments (IDEs) to compete in the AI space, with products like Trae, CodeBuddy, and Alibaba's Qoder emerging [12][13] - ByteDance has restricted internal use of third-party AI development tools, promoting its own Trae tool among employees, which has seen over 1 million monthly active users [13]

Core Insights - The Chinese AI large model startups, represented by the "Six Little Tigers" (Zhipu, Moonlight, Baichuan Intelligence, MiniMax, Jumpspace, and Zero One), have faced significant challenges over the past year, including a funding downturn and strategic divergence [2][4] - The recent establishment of a growth tier on the Sci-Tech Innovation Board by the China Securities Regulatory Commission allows unprofitable AI companies to apply for IPOs, which has been seen as a positive development by many entrepreneurs and investors [2][4] - However, industry experts caution that while IPOs may provide short-term relief, the long-term solution lies in finding sustainable commercialization paths [2][14] Company Strategies - The "Six Little Tigers" have split into two camps: the "Transformation Camp," which is shifting focus from foundational models to smaller models, and the "Sticking Camp," which continues to invest in foundational model development while exploring commercialization avenues [2][4] - Zhipu has become the first among the "Six Little Tigers" to pursue an IPO, having signed a listing guidance agreement and received investments from various funds [4][5] - MiniMax has launched new products and is reportedly planning an IPO in Hong Kong, while Moonlight has paused aggressive marketing efforts but continues foundational model training [5][6] Market Challenges - The "Six Little Tigers" are struggling with high operational costs and a lack of profitability, with many companies not achieving break-even [7][10] - The high costs associated with foundational model training, including significant personnel expenses, have been described as a "money-burning beast" [9][10] - The competitive landscape is dominated by larger firms and models like DeepSeek, which have captured significant market share, making it difficult for startups to compete effectively [12][15] Commercialization Pathways - Experts suggest that the future opportunities for the "Six Little Tigers" lie in the B-end market, particularly in niche verticals where they can avoid direct competition with larger firms [15][17] - Successful commercialization may require focusing on specific applications and leveraging unique industry insights to create differentiated products [16][18] - The medical industry presents challenges due to data access and regulatory barriers, making it a less favorable market for AI startups compared to more open verticals [18]

以实际行动促进大模型开源生态整体繁荣。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 北京市人工智能产业投资基金 日前 宣布在 2024 年已有投资基础上，继续追 加投资智谱（ Z.ai）2亿元人民币 ，支持智谱的开源模型研发与开源社区生态建设。 北京市人工智能产业投资基金表示，智谱是基金成立以来投资的第一家 AI大模型企业，也是目前成 长最快的企业。 智谱在包括文本、推理、语音、图像、视频、代码等在内的模型能力上有全面积 累。此外，商业化布局完善，拥有超过百万规模的开发者社区和企业用户。希望通过这次投资，进一 步推动智谱在开源模型和算法创新方面的能力建设。 值得一提的是， 智谱以实际行动推动开源生态发展得到越来越多的认可 ， 此前 智谱宣布 2025为智 谱开源年，已陆续开源首个支持生成汉字的开源文生图模型CogView4和包括基座模型、推理模型与 沉思模型在内的智谱最新32B/9B系列GLM模型。 其中， 智谱 于 4 月 14日开源32B/9B系列GLM模型，涵盖基座、推理、沉思模型，均遵循MIT许可 协议。该系列模型现已通过全新平台z ...