Changes in Hong Kong stocks | With a market capitalization exceeding 57 billion, “China OpenAI” (02513) rose by about 12% on the first day of listing

The Zhitong Finance App learned that the “Chinese version of OpenAI” Zhi Spectrum (02513) was listed today, officially becoming the “world's largest model stock”. By the morning close, the stock price had risen by about 12% to HK$130, with a market capitalization of over $57 billion.

According to public information, Zhi Spectrum is the first manufacturer in China to participate in the development of large models. It originally proposed GLM, a general pre-training paradigm based on autoregressive emptying, and was the first to release China's first 10 billion model, the first open source 100 billion model, the first dialogue model, the first multi-modal model, and the world's first equipment control agent (Agent), forming a comprehensive model system. It is a rare domestic manufacturer that maintains synchronization with the world's top level on its original technology route, so it is also known as “China OpenAI.”

At present, the GLM architecture has achieved a breakthrough in national production, adapts to more than 40 domestic chips, and has become one of the most versatile model systems in the industry. Currently, the global AI competition continues to heat up, and Zhipu has won the “first share in the world's big model”, which not only injects capital vitality into the development of domestic big models, but also marks the official entry of Chinese AGI companies into the center of the capital market stage and the beginning of a new stage of competition with international giants.