On September 5, iFLYTEK officially announced that the iFLYTEK Spark Cognitive Model was "officially opened for use by the whole people". Users can directly register and use it by searching for "iFLYTEK Spark" App in major mainstream app stores or logging in to the official website (xinghuo.xfyun.cn) of iFLYTEK Spark.
On August 31, Baidu Wenxin's word, SenseTime's model "Discuss SenseChat", Baichuan Intelligence's Baichuan model, and Zhipu Huazhang's "Zhipu Qingyan" have all been officially announced to be open to the majority of users. According to media reports, 11 large models in China will be filed through the "Interim Measures for the Management of Generative Artificial Intelligence Services", and the first batch of services will be opened to the public from August 31, including iFLYTEK. Although iFLYTEK was not fully opened at that time, the reporter found that the iFLYTEK cognitive large model could already be registered and used. It is worth noting that iFLYTEK Xinghuo is the only parent company listed on the A-share market in the large model currently announced to be open to the public.
Known as China's "smartest" big model
According to iFLYTEK, the "iFLYTEK Spark Cognitive Model" was officially released on May 6 this year, and was upgraded and released on June 9 and August 15 as scheduled. In the recent large-scale model evaluation reports released by authoritative platforms such as the China Enterprise Development Research Center of Xinhua News Agency Research Institute and MIT Technology Review China, iFLYTEK Spark is the first.
In order to test how "smart" the Xinghuo cognitive large model is, the reporter assigned the task of "writing an analysis article of iFLYTEK's 2023 semi-annual report" in the dialog box. Here is the answer:
Analysis of iFLYTEK's report for the first half of 2023
introduction
iFLYTEK, as the largest artificial intelligence and voice technology company in China, has always occupied a leading position in the innovation and development of artificial intelligence. The 2023 first half report showcases iFLYTEK's steady growth and innovation in all aspects. This article will provide an in-depth analysis and interpretation of the main contents of iFLYTEK's report for the first half of 2023.
1. Financial performance
In the first half of 2023, iFLYTEK's financial performance was solid, with double-digit growth in revenue and net profit. This is mainly due to its deep presence in key industries such as education, healthcare, and finance, as well as its continuous expansion in the consumer-grade market. In addition, iFLYTEK's large investment in R&D has also achieved remarkable results, promoting the continuous upgrading and optimization of its core technologies.
2. Business progress
1. Education business: iFLYTEK's education business achieved significant growth in the first half of 2023. Through its advanced artificial intelligence technology and education solutions, iFLYTEK has become an important player in China's education industry. Especially in the field of intelligent teaching assistants and online courses, iFLYTEK's products have been well received by educational institutions and students.
2. Healthcare business: iFLYTEK's healthcare business also made breakthrough progress in the first half of 2023. Through its AI-assisted diagnosis and treatment system, iFLYTEK is changing the traditional medical service model and improving the efficiency and quality of medical services.
3. Financial business: iFLYTEK's financial business grew steadily in the first half of 2023, especially in the fields of robo-advisory and risk control, and iFLYTEK's technology and services were widely recognized by the market.
3. Prospects
iFLYTEK's outstanding performance in the first half of 2023 indicates that it will continue to maintain its strong momentum in the coming years. With the continuous advancement of artificial intelligence technology and the continuous growth of market demand, iFLYTEK is expected to achieve breakthroughs in more fields and provide better services to users around the world.
conclusion
Overall, iFLYTEK had a strong performance in the first half of 2023, demonstrating its leadership in the global field of artificial intelligence. Its in-depth layout in education, medical care, finance and other fields, as well as its continuous expansion in the consumer-level market, have laid a solid foundation for its future development. We look forward to iFLYTEK continuing to maintain its innovative spirit and pioneering attitude in the future to provide more excellent products and services to users around the world."
On the whole, the analysis article is logically clear, and discusses from the aspects of introduction, financial performance, business progress, prospects, conclusions, etc., and also focuses on the business layout of iFLYTEK in key areas such as education, medical care, and finance. However, from the specific content, the Spark cognitive large model has obviously not yet entered the latest data. According to the financial report, iFLYTEK achieved revenue of 7.842 billion yuan in the first half of the year, down 2.26% year-on-year; The net profit attributable to the parent was 73.57 million yuan, down 73.54% from the same period last year.
In fact, iFLYTEK's half-year performance decline was mainly dragged down by the first quarter. iFLYTEK pointed out in its semi-annual report that due to the sanctions imposed by the United States, the company needs to further increase the comprehensive autonomy and control of its core technology research and product development platform, and make corresponding adjustments from the supply chain to the signing of relevant contracts, and the relevant R&D investment and market adjustments have caused phased difficulties in product supply and market sales in the fourth quarter of last year and the first quarter of this year. Affected by the aforementioned factors in the first quarter, the company's operating income and gross profit decreased by 17.64% and 14.89% respectively compared with the same period of the previous year.
As far as the second quarter is concerned, the company has stepped out of the phased impact and re-entered the benign development track. iFLYTEK said that under the premise of fully increasing the investment in the research and development of the "iFLYTEK Spark Cognitive Big Model", the company still achieved positive growth in revenue, gross profit and cash flow in the second quarter, and achieved positive net profit attributable to the parent company, non-net profit and cash flow. The company achieved operating income of 4.954 billion yuan in the second quarter, an increase of 9.68% over the same period of the previous year and 71.56% from the previous quarter; The gross profit was 1.938 billion yuan, an increase of 7.80% over the same period of the previous year and 60.21% from the previous quarter.
iFLYTEK also said that iFLYTEK cognitive big model empowers existing products and promotes the rapid growth of the company's related product revenue. For example, the Spark cognitive big model has been implemented in scenarios such as Chinese and English composition tutoring, Chinese and English oral learning, and iFLYTEK hearing a recording with one click, and iFLYTEK office book automatic text summary. After the release of iFLYTEK Xinghuo's cognitive large model, from May to June 2023, the GMV of the company's C-end hardware reached a record high, doubling year-on-year. Among them, the GMV of iFLYTEK AI learning machine equipped with the iFLYTEK Spark cognitive large model increased by 136% and 217% in May and June, respectively.
Large models accelerate landing, and technology companies have harvested the "first pot of gold"
Since the beginning of this year, the popularity of the large model track has caused the stock prices of many related companies to rise sharply. With the release of the semi-annual report, the huge R&D investment of some technology giants in AI large models has paid off with the naked eye, and the "first pot of gold" has been harvested.
For example, the 2023 half-year report recently released by 360 (hereinafter referred to as "360") founded by Zhou Hongyi shows that the company achieved a total revenue of 4.503 billion yuan in the first half of the year, and 2.537 billion yuan in the second quarter, a year-on-year increase of 10.42%. According to 360, the "360 Intelligent Brain" large model has created nearly 20 million yuan of related income for 360, and is expected to develop into the "third growth curve" of the company's performance growth.
Baidu's report card is also quite gratifying. According to the financial report, Baidu's revenue in the second quarter was 34.1 billion yuan, a year-on-year increase of 15%; Net profit attributable to Baidu was 8 billion yuan, a year-on-year increase of 44%. Unlike 360, Baidu does not explicitly state the revenue brought by the big model in its earnings report. But Robin Li, founder and CEO of Baidu, pointed out: "Generative AI and big language models have tremendous transformative capabilities in many industries, providing us with significant market opportunities. Baidu is reconstructing products and services with AI native thinking, providing users with innovative experiences, and supporting enterprises to seize opportunities. Baidu is committed to building a new engine around generative AI and big language models to drive long-term growth. ”
However, although technology manufacturers have harvested the "first pot of gold" on large models, large models often require huge R&D investment, and there is still a long way to go to achieve revenue coverage of previous investment.
The industry generally believes that as large-model products are opened to the public, the application of related fields will accelerate the landing. Wang Zikai, chief engineer of Shanghai Artificial Intelligence Research Institute, said in an interview with the media that with the blooming of the application ecology, the survival of the fittest of large models will also be clearer. Those companies with strong technical strength and good product experience may gain more market share and receive more investment support; Those companies with weak technical strength and poor product experience may gradually be eliminated by the market and face financing difficulties.
Responsible editor: Ye Shujun
Proofreader: Li Lingfeng
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