KNOWLEDGE ATLAS (02513) defied the broader market downturn, surging over 6%. As of the time of writing, the stock was up 6.39%, trading at HKD 229.8, with a turnover of HKD 335 million.
The catalyst for the move was the company's recent announcement of a collaboration with Huawei to open-source a new-generation image generation model, GLM-Image. This model was fully developed and trained on Huawei's Ascend Atlas 800T A2 hardware and the MindSpore AI framework, marking it as the first SOTA multimodal model entirely trained on domestic chips.
Reportedly, GLM-Image integrates image generation with language models, and in API call mode, the cost to generate a single image is as low as RMB 0.1. Soochow Securities expressed a positive outlook, stating that as a pure-play large model developer, the company benefits from cloud-scale effects and the advantages in Agent/programming scenarios.
The firm is optimistic about KNOWLEDGE ATLAS AI's strengths in domestic large model technology, its open-source ecosystem strategy, and its capability for localized deployment in government and enterprise sectors. It believes the company is well-positioned to benefit from the long-term industry trend of China's large model sector transitioning from localized deployment to cloud-based services.
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