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Opening remarks:
On July 7, the global GPU giant NVIDIA's stock price stood at $425, with a market value of $1.05 trillion. Since the beginning of this year, driven by the investment boom caused by AI, especially with the emergence of chatgpt, the field of artificial intelligence has undoubtedly become a highland in the development of high-tech industries, and the seven giants of technology in the United States, represented by Apple, Microsoft, Google and NVIDIA, have dominated the trend of the S&P 500 index, with a total market value soaring 60% to $11 trillion, almost equivalent to the size of three German economies - behind this is the rush of new technology waves represented by artificial intelligence.
In the mainland, the wave of new science and technology is also in the ascendant, all localities are vying to launch a development roadmap, compete to open up the industrial chain, Chengdu even proposed to strive to cultivate 5 national artificial intelligence specialized and special new small giant enterprises this year, 1 listed enterprise, 10 above-sized enterprises, artificial intelligence industry scale exceeded 70 billion yuan development goals. Recently, the Third Session of the 12th Sichuan Provincial Party Committee was successfully held. The plenary session focused on the theme of "Deeply promoting new industrialization and accelerating the construction of a modern industrial system", and put forward the overall requirements and development goals of a modern industrial system that reflects Sichuan's characteristics, among which the cultivation of high-tech industries is the top priority of building a strong province.
To achieve the goal of high-quality development, it is inseparable from the drive of scientific and technological innovation, the cultivation of a matrix of specialized and special new enterprises, and the independent research and development of cutting-edge science and technology. It is urgent to leap forward in an all-round way, become bigger and stronger, grab the front of the track, and grasp the core discourse of the industry.
Chengdu, which is about to hold the Universiade, is attracting global attention, what are the specialized and special new enterprises in the field of new science and technology in Sichuan and Chengdu? What are the hidden "little giants" in artificial intelligence general large models and industrial detection, assisted office, intelligent language and other subdivisions? Financial Investment News Financial All Media sent a number of reporters to enter the front line of enterprises to enter special research, discover future stars in the field of science and innovation, and officially launched the column "Specialized and Special New University Research - Looking for Science and Technology Innovation "Rong" Fire Special Report" today to extract Chengdu samples and Sichuan samples in this artificial intelligence revolution. Financial Investment Network reporter Lin Ke text/picture
The emergence of ChatGPT has set off a new heat wave for artificial intelligence. In the face of this new scientific and technological revolution, all industries will face new choices, explore new paths, and become a must for enterprises to face survival and development.
Ma Shuai, chairman of Chengdu Yixun Information Technology Co., Ltd. (hereinafter referred to as "Yixun Technology"), said in an exclusive interview with a reporter from Financial Investment News, "As a practitioner in the AI industry, we should actively embrace the new changes in the industry. For the translation industry, the addition of AI technology will trigger a profound change. ”
Ma Shuai, chairman of Yixun Technology (first from right), was interviewed by a reporter from Financial Investment News.
Two major opportunities to transform enterprises
Founded in 2015, Yixun Technology is a technology company focusing on language artificial intelligence technology and corpus big data. However, at the beginning, the company did not focus on the AI translation industry, but has been deeply engaged in the traditional translation industry for many years, and its main business is to provide language services for various enterprises, organizations and government agencies, covering text translation and interpretation services. In the process, the Translation Technology team has discovered new business opportunities that will change the industry trend in the future.
Regarding the second entrepreneurship, Ma Shuai said, "The translation industry market is huge, but it is also very scattered, there are no absolute leading companies, and the largest company may have a market share of less than 1%. Early industries were labor-intensive, requiring a lot of manpower to translate and costly. However, with the rapid development of AI technology and the continuous change of market demand, it has begun to gradually transform to AI translation. ”
For active transformation and embracing AI, Ma Shuai believes that there are two main opportunities. On the one hand, with the development of big data technology, the company has more and more language data, and AI translation is the product of combining a large amount of corpus data with artificial intelligence technology, so the company gradually began to shift its technical focus to the research and development and application of AI translation related technologies. On the other hand, with the deepening of globalization, the market demand for cross-language information processing and AI translation is becoming more and more urgent, which has become another major driving force for the company's transformation. Through continuous technology research and development and market development, Yixun Technology has gradually developed into a technology company focusing on AI translation, and has become one of the leading AI translation technology and solution providers in China.
As one of the applications of artificial intelligence technology in the field of language processing, AI translation has broad prospects in the future. Ma Shuai said, "With the deepening of globalization and the global expansion of various industries, the demand for cross-language information processing will continue to grow. At the same time, the development of artificial intelligence technology and the continuous enrichment of the corpus will also bring higher accuracy and a wider range of application scenarios to AI translation. Therefore, the future prospects of the AI translation industry are very optimistic, and its development potential is also great. ”
The core competitiveness has been recognized by the market
As Huawei's only strategic partner in the field of AI translation technology in the Kunpeng industry ecosystem, Yixun's core competitiveness has been recognized by the market. The company's core competitiveness is mainly reflected in professional corpus, technology research and development and service capabilities.
After years of technology accumulation and innovation, Yixun Technology has a certain technical accumulation in the field of AI translation. In particular, eight major industries such as shipbuilding, aerospace, electronic information, oil and gas, chemical and new materials, nuclear industry, automobile, rail transit have established certain technical barriers, and formed differentiated competitive advantages in four aspects: translation speed, accuracy of professional vocabulary, typesetting and restoration of complex formats, and security of language assets.
In the peer competition, the differentiation advantage is an important force for Transcom Technology to break through. As a landing product of AI translation of Yixun Technology, Cloud Translation AI multilingual intelligent translation software is one of the company's main products, mainly providing automatic translation and language information processing services for enterprises and government agencies.
Compared with its peers, Transcom Technology has taken a differentiated path, starting with format and document translation, and can translate uneditable PDFs without changing the layout. In addition, unlike general-purpose translations, it is mainly aimed at translations in specialized segments. At the same time, the system has deep learning processing functions, after each wrong translation, the machine will continue to iterate and improve, and the next translation accuracy will be higher.
At present, Yixun Technology has a certain influence in the domestic AI translation industry and is one of the leading AI translation technology and solution providers in the industry.
In April 2023, after comprehensive evaluation by authoritative experts, Yunyitong was selected as the "2023 Machine Translation Recommended Platform of Beijing Language and Culture University National Language Service Export Base". In 2022, in the centralized competition of participating in a certain artificial intelligence science and technology literature translation platform, he defeated many competitors and won the championship with an excellent performance of surpassing the second place.
Continue to invest in R&D to accelerate innovation
As a technology company focusing on AI translation technology, Yixun Technology has always focused on product development and upgrading to maintain its competitiveness in the market.
It is understood that the company's research and development expense ratio has always remained at a high level of 30% to 40% in recent years. The AI intelligent translation system uses a large-scale bilingual corpus as training data, and optimizes the deep learning network algorithm. The system also combines artificial intelligence, semantic analysis, knowledge breakthrough and other technical means to provide better translation effect and service experience.
"High R&D investment is the key to maintaining the company's competitiveness." Ma Shuai told the Financial Investment News reporter, "We have invested a lot of resources in the construction of a professional corpus, and the cleaning and labeling of data alone consumes a lot of manpower and financial resources." As a company focusing on AI translation technology and application, Yixun Technology has cooperated with a number of well-known universities and research institutions at home and abroad, and has also invested a lot of R&D resources to carry out the construction of continuous corpus. Our corpus data and algorithms are independent and controllable, since its establishment, the company has taken professional, long-term and pragmatic development concept to create a 'specialized, specialized and new' R&D enterprise, and fully supports the localization adaptation of information innovation. ”
With the further development of the AI industry, the market competition will become more intense.
In this regard, Ma Shuai believes that Yixun Technology will continue to increase investment in research and development, continue to improve and innovate in AI translation technology and services, and strengthen the competitiveness of products. At the same time, we continue to expand the market and provide users with more comprehensive, high-quality and intelligent language services. This year, the company plans to conduct a series A financing and strive to use 5 years to prepare and strive to go public.
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