some interesting stuff from Zhipu's earning transcript.

and some RSI signal

• “The next-generation GLM will self-train in environments built by the previous generation of GLM.”

• “Models participate in their own improvement, forming recursive self-improvement.”

• “The industry will move from a single Agent to multi-Agent division of labor and collaboration… moving from assisting work to executing work.”

• “The model optimizes the system, and the system runs the model.”

• “With the same architecture… merely expanding the scale of post-training improved end-to-end completion rates by more than 50%.”

• “Some of these tasks represent an amount of work equivalent to several consecutive days by a senior engineer.”

• “Customers will gradually shift from buying tokens to buying task outcomes.