On February 10, it was reported that the concept stocks of domestic large-scale models continued their strong performance from the previous day. $KNOWLEDGE ATLAS (02513.HK)$ At the opening of the market, it surged by 15% at one point and is currently up by 6.21%, trading at HKD 294. $MINIMAX-WP (00100.HK)$ It rose by 6.02%, trading at HKD 546.
In terms of news, on February 6, OpenRouter, a global model service platform, quietly launched an anonymous model codenamed 'Pony Alpha.' Due to its powerful coding capabilities, ultra-long context window, and deep optimization for agent workflows, it quickly drew attention from the developer community. This model is widely speculated to be a preview version of Zhipu's upcoming GLM-5. It was reported that on January 8, during Zhipu’s first day of listing, Chief Scientist Tang Jie revealed in an internal letter that a new generation model, GLM-5, would be released soon. On February 2, Tang Jie posted on Weibo confirming that Zhipu would release GLM-5 in the near future.
Guolian Minsheng Securities issued a research report stating that in the era of agents, large models are evolving from 'chat tools' into 'autonomous employees.' Large model manufacturers that possess core algorithms and industry interfaces are expected to deeply benefit from the dividends of universal intelligence. The report recommends paying attention to the 'twin stars of large models,' MiniMax-WP and Zhipu, which successfully went public earlier this year. As the 'brain' of the native Agent ecosystem, these companies exhibit extremely high scarcity.
Editor/Rice