Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi（新）
GUSD（纯图）
Rewards
Square
Latest
Hot
News
Profile

China Merchants Securities International: Domestic model iterations are accelerating significantly; industry rating maintained at “Recommended”

金色财经_
Golden Finance News reported that on July 21, China Merchants Securities International released a report stating that ahead of and around the World Artificial Intelligence Conference (WAIC), the iteration of domestic models has accelerated significantly. The Dark Side of the Moon released Kimi K3, featuring 2.8 trillion parameters and a 1 million token context; Alibaba launched a Qwen3.8Max preview version with the parameter count reaching 2.4 trillion. It is also reported that DeepSeek is expected to release the official V4 version soon. Overall, the competitive landscape at the model level remains undecided. Major manufacturers are still locked in a fast-paced iteration race, chasing one another, but the model roadmaps and company positioning have begun to diverge: trillion-parameter super-large flagship models continue to push the upper limits of intelligence, tackling advanced complex tasks such as long-range reasoning and parallelized Agent Swarm; hundred-billion-parameter models focus on cost-effectiveness and deployment efficiency, achieving broad availability in everyday general-purpose tasks. The firm maintained an industry rating of “Recommended,” and its main focus picks include: Alibaba’s full-stack AI capabilities, Tencent’s advantages in its C-side product ecosystem, Kuaishou’s Keling AI video generation model, and MiniMax’s native native multimodal capabilities.
BABA-2.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap