---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/40035987.md"
description: "$智谱(02513.HK)最近跑了 longbridge skill，顺带蒸馏了海豚的语料，核心都是想学习他们团队的那种隐含的推断经验，还是有些新东西出来😆，智谱应该要用 ARR 作为分母的估值倍速框架。"
datetime: "2026-04-20T08:53:23.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40035987.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40035987.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40035987.md)
author: "[九张机](https://longbridge.com/zh-CN/profiles/18488843.md)"
---

# $智谱(02513.HK)最近跑了 longbridge skill，顺带蒸馏了海豚的语料，核心都是…


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- [02513.HK](https://longbridge.com/zh-CN/quote/02513.HK.md)