What changed
Zhipu GLM-5.3 adds Paradigm’s PhanRouter API. Qwen Office open-sources a “second you” agent from Feishu/DingTalk. World models now do 24fps video + 48kHz stereo audio in real time.
Nvidia guaranteeing OpenAI loans makes GPUs credit collateral. The largest large-model intermediary just sold itself for $47.1B.
Pudu ET1 packs cleaning into a 38cm body, pushing embodied intelligence into the blue ocean.
So what? DeepSeek is repricing hard, Alibaba’s Happy Shrimp chases consumer audio, and Pudu goes hardware. The trade is shifting from raw models to paid APIs, agents, and robots.