GLM-4.5-Air vs Kronos

GLM-4.5-Air

An English and Chinese cousin for agent, coding and tool-calling work, with switchable thinking and wide runtime support. It needs about 135 GB for Z.ai's FP8 build, two to four H100s by Z.ai's figures, and Z.ai and Novita host it. The main risk is age, with files from August 2025 and no answers from Z.ai since.

Kronos

Forecasts the next price bars from a history of up to 512 candlestick bars. Every size fits in under 0.5 GB and runs on a CPU, but only through the publisher's own Python package. Nobody has benchmarked it independently, its quickstart data was deleted from the repository, and the publisher hasn't replied since November 2025.

GLM-4.5-Air

1. Z.ai's FP8 recipe is python3 -m sglang.launch_server --model-path zai-org/GLM-4.5-Air-FP8 --tp-size 4 --tool-call-parser glm45 --reasoning-parser glm45, and 2 H100s are enough below the full 128K context
2. Use the glm45 tool and reasoning parsers for this model, the glm47 parser in Z.ai's current README is for GLM-4.7
3. Thinking is on by default, pass chat_template_kwargs with enable_thinking false for short tasks, which makes the template add /nothink and an empty think block
4. Declare tools in OpenAI style, and the template renders arguments as arg_key and arg_value pairs that the parser turns back into JSON
5. Keep prompts under 128,000 tokens, the tokenizer config's limit, though config.json allows 131,072
6. Validate JSON output yourself or use the runtime's guided decoding, since structured output isn't documented for the weights

Kronos

1. Clone https://github.com/shiyu-coder/Kronos and pip install -r requirements.txt, then load Kronos.from_pretrained("NeoQuasar/Kronos-small") and KronosTokenizer.from_pretrained("NeoQuasar/Kronos-Tokenizer-base") and wrap them in KronosPredictor
2. Pair Kronos-mini with Kronos-Tokenizer-2k and Kronos-small or Kronos-base with Kronos-Tokenizer-base, the cards' pairing
3. The examples read examples/data/XSHG_5min_600977.csv, which no longer exists; point them at tests/data/regression_input.csv, 2,500 five-minute bars
4. Keep the lookback at or under max_context, 512 bars, and pass the future timestamps you want as y_timestamp, since the calendar fields come from them
5. Raise sample_count for a steadier forecast, but expect only the mean back; call the lower-level auto_regressive_inference yourself if you need the paths
6. Treat forecasts as model output to check, not signals; the README says its own backtest pipeline isn't a production trading system