Are you afraid of becoming the next MiniMax? Internal letter downplays coding, fully betting on AGI and agents BlockBeats News: On July 13th, Tang Jie, founder of Zhipu, released an internal letter titled "The Great Wave Has Arrived", proposing to focus on Long Horizon Tasks, Autonomous Agents, Self Evolution, and AGI in the future, and launching the "Touch High" plan for the next two years, clearly stating that he does not pursue short-term application monetization. According to the report, although the AI Coding business has driven rapid commercial growth and valuation enhancement of Zhipu, Tang Jie hardly mentioned Coding in his internal letter, but further shifted the company's positioning towards AGI infrastructure and autonomous intelligent agent route. Analysis suggests that this move aims to avoid the market valuing Zhipu based on traditional SaaS or AI application companies' revenue, ARR, and other indicators, and instead continue to maintain AGI Technology's long-term growth narrative. Market views suggest that against the backdrop of a significant drop in MiniMax's stock price and a shift in AI company valuation logic from "technical expectations" to "commercial realization" after the lifting of the ban, Zhipu is attempting to complete a narrative shift in the capital market ahead of schedule, using technological breakthroughs and AGI vision as new valuation anchors. ---------------------------------Click on the original link below to join the Beating · Feishu AI news channel, which continuously monitors global AI hotspots and news 24/7. [Original link]