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The new model from Zhipu has been reported to have up to 3.5 trillion parameters, expected to reach Claude Fable level

According to Beating AI's news, a summary of an expert interview circulating in the investment community states that the next-generation foundational model of the artificial intelligence company Zhipu is not the previously rumored 1.6 trillion parameters, but rather between 2.5 trillion and 3.5 trillion parameters. The GLM-5.3 released by Zhipu in August this year still uses the previous generation foundational model, with a total of approximately 744 billion parameters; if the information is true, the new foundational model's scale is about 3.4 to 4.7 times that of the current one.The summary also states that the training has not gone smoothly, as Zhipu adopted a more aggressive model architecture, and during the pre-training period, there was a time when the loss did not decrease, meaning that computational power was continuously invested but training metrics could not continue to improve. The interviewee believes that the problem should have been resolved recently, and training is expected to be completed soon, predicting that the new model can reach flagship levels comparable to Claude Fable.The summary further mentions that the new model has taken inference speed and cost as hard constraints from the architectural design stage, with the goal of being able to provide services on a large scale from the first day of release. At the same time, multiple cloud vendors are negotiating revenue sharing to address the issue of large models being produced but not being able to supply.

first_img Aster delisted the PAPER perpetual contract before the market opened, adjusting it to a mode of only reducing positions

The decentralized perpetual contract trading platform Aster announced that, in light of recent developments related to PAPER and potential market risks, it has adjusted the pre-market perpetual contract for PAPER to a liquidation-only mode and plans to officially delist the contract at 9:45 AM Beijing time on October 20. Aster recommends that users holding open positions proactively close their positions before the delisting, calling this a precautionary measure to manage market risks and maintain trading order.Previously, Papertrade stated that there are currently no plans to allow external transfers of the PAPER token and will adjust short-term trading fees and the token issuance curve. The team believes that the PAPER perpetual contract could make the liquidity pool's solvency a target for short selling, and external short exposure may increase the profit potential for manipulation attacks, as these markets are not controlled by the protocol.Papertrade founder Jez also pointed out that due to the rapid progress of the perpetual contract market, PAPER is currently set to a non-transferable status to avoid potential attack risks and maintain the long-term healthy development of the protocol. Jez emphasized that PAPER represents users' rights to the protocol's earnings, and its long-term value depends on whether Papertrade can continue to attract traders. The team made this risk management choice based on the operational data from the first week after the protocol's launch.

DeepSeek's new model adds to financing concerns, Asian chip stocks drop over 2%

According to Bloomberg, Asian semiconductor stocks continued to weaken on Monday. The Bloomberg Asia Chip Index fell more than 2%, reaching its lowest level since July, with TSMC, SK Hynix, and Advantest being the main drags. The Korea Composite Stock Price Index recorded its largest weekly decline since October 2008 last week, dropping more than 3% at one point on Monday before recovering some ground; the Nikkei 225 index fell 2.3% at one point, and the Taiwan Weighted Index dropped 2%.Market concerns stem from two aspects. First, the pressure on financing for AI infrastructure in the United States continues to ferment, with CoreWeave's financing capabilities being questioned and the IPO expectations for Anthropic and Nscale cooling. Second, Chinese AI company DeepSeek released a new model update over the weekend, claiming faster operation speeds and lower resource consumption, raising concerns about the potential decrease in storage capacity required for AI models and the possible impact on chip demand.Kang DaeKwun, CEO of Life Asset Management, stated that the market uncertainty is too high, making it difficult to determine when the Korean stock market will bottom out. Financing for U.S. corporate AI projects is one of the main risks, and the profitability of Korean chip companies still heavily relies on continuous investment in AI infrastructure by U.S. companies. This week, the earnings reports from tech giants like Meta and Tesla will be an important window to observe the growth momentum of AI capital expenditures.
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