(May 15, TMT2024 Global) - Today's highlights: ByteDance released a large model of bean bags to be priced in cents; Alibaba prepares for IPO in Hong Kong; Tencent's net profit in the first quarter exceeded 50 billion yuan; Google announced its full entry into the Gemini era; Amazon AWS changes its leadership; OpenAI's chief scientist has left.
ByteDance released a large model of bean bags and opened the price in cents
At the 2024 Spring Volcano Engine Force Conference, the Byte Doubao large model officially opened its external service. The bean bag model includes the bean bag general model Pro, the bean bag general model liti, the bean bag role play model, the bean bag speech synthesis model, the bean bag voice reproduction model, the bean bag speech recognition model, the bean bag Wensheng diagram model, the bean bag · Function Call model. The Doubao model currently processes an average of 120 billion tokens of text per day and generates 30 million images. The main model of bean bags is priced at 0.0008 yuan/1,000 tokens in the enterprise market, and more than 1,500 Chinese characters can be processed at 0.8 centimeters, which is 99.3% cheaper than the industry.
Alibaba prepares for a primary listing in Hong Kong
Alibaba Group announced its financial results for the fourth quarter and full year of fiscal 2024 ended March 31. The revenue in the fourth fiscal quarter was 221.874 billion yuan, a year-on-year increase of 7%. Among them, Taotian Group's quarterly revenue was 93.216 billion yuan, Cloud Intelligence Group's revenue was 25.595 billion yuan, International Digital Business Group's revenue was 27.448 billion yuan, Cainiao Group's revenue was 24.557 billion yuan, Local Life Group's revenue was 14.628 billion yuan, and Dawen's entertainment Group's revenue was 4.945 billion yuan. quarterly net profit was 919 million yuan, down 96% year-on-year; Non-GAAP, net profit was 24.418 billion yuan, down 11% year-on-year. The annual revenue was 941.168 billion yuan, a year-on-year increase of 8%. net profit was 71.332 billion yuan, a year-on-year increase of 9%; Non-GAAP net profit was 157.479 billion yuan, a year-on-year increase of 11%. Alibaba said it has been preparing for a primary listing in Hong Kong and now expects to complete the conversion by the end of August 2024.
Tencent's net profit in the first quarter exceeded 50 billion yuan
Tencent Holdings released its financial results for the first quarter of 2024. Quarterly revenue was 159.5 billion yuan, a year-on-year increase of 6%. Profit attributable to equity holders was RMB41.9 billion, up 62% year-on-year. Non-IFRS profit attributable to equity holders was RMB50.3 billion, up 54% year-on-year. In the first quarter, online advertising revenue was 26.5 billion yuan, a year-on-year increase of 26%; The revenue of financial technology and enterprise services business was 52.3 billion yuan, a year-on-year increase of 7%. Value-added service revenue was 78.6 billion yuan, down 0.9% year-on-year. Among them, the game revenue in the international market was 13.6 billion yuan, a year-on-year increase of 3%; local game revenue was 34.5 billion yuan, down 2% year-on-year; Social network revenue was 30.5 billion yuan, down 2% year-on-year. Tencent's R&D expenditure in the first quarter was 15.678 billion yuan. Tencent also continued to strengthen shareholder returns, with cumulative buybacks reaching a record high of HK$14.8 billion in the first quarter.
华为nova12 Ultra星耀版官宣
Huawei terminal official announcement,5month17day10:08,Huawei nova12 Ultra Xingyao Edition will be on sale,The configuration and price information have not yet been revealed。 Previously, Huawei registered the trademark of Xingyao mobile phone, but it did not wait for Xingyao mobile phone, but waited for nova12 Ultra Xingyao version first. It has been revealed that the Huawei nova12 Ultra Xingyao Edition is a core change version, and the price has increased slightly.
Temu, a subsidiary of Pinduoduo, will shift its focus outside the United States
In just over a year, Temu, an online shopping platform founded by a Chinese company, has become the most downloaded app in the United States. Temu, a low-priced goods app popular with U.S. consumers, will shift its focus outside the U.S. to the U.S. Temu, which is owned by Chinese e-commerce giant PDD Holdings, wants to manage risk and seek other sources of growth. TikTok's dispute with the U.S. government is one of the reasons for this shift. With slowing growth and increasing censorship of TikTok, Temu, a low-priced goods app based in China, is looking to reduce its reliance on American shoppers.
Google has announced its full entry into the Gemini era
Google held the I/O 2024 developer conference, announcing that it has fully entered the Gemini era, and has continuously released and updated more than a dozen products, including the AI assistant Astra, the Wensheng graph model Imagen3, the Wensheng video model Veo, which benchmarks Sora, and the high-profile flagship model Gemini. Among them, Gemini 1.5 Pro has been upgraded to 2 million tokens and fully supports Workspace; Gemini's new voice dialogue function, Live, is a direct benchmark to OpenA's GPT-4o. Veo, a video generation model, will be Sora's new rival, capable of creating high-quality 1080p videos of more than 60 seconds based on text and images. Google also announced that Trillium, the next generation of AI chips, will be available later this year.
Rumble sues Google for digital advertising practices
Video-sharing platform Rumble said it has sued Google for anti-competitive practices in its digital advertising products and is seeking more than $1 billion in damages. The lawsuit alleges that Google has a monopoly on the advertising stack "by acquiring companies upstream and downstream in the chain, representing both ad buyers and sellers, and also operating exchanges that connect these parties." Rumble accused Google of maintaining its monopoly by striking a deal with Meta. Google has denied Rumble's claims. Google's advertising business accounts for about three-quarters of its revenue.
Amazon AWS has changed its leadership
Amazon Web Services (AWS) announced that CEO Adam Selipsky will step down on June 3 and will be replaced by Matt Garman, senior vice president of sales, marketing, and global services at AWS. Garman joined AWS in 2006 as a software development program manager at AWS EC2 and later served as vice president of AWS compute services and vice president of sales, marketing, and global services at AWS.
OpenAI's chief scientist has left
OpenAI co-founder and chief scientist Ilya Sutskever has left. He posted on social media X that he had decided to leave OpenAI after nearly a decade and said he was looking forward to his next plans. Jakub Pachocki will be OpenAI's new chief scientist. Yakubu Pachoki previously served as Director of Research at OpenAI and led the development of GPT-4 and OpenAI Five.
xAI may reach a $10 billion server lease agreement with Oracle
According to insiders, Musk's artificial intelligence startup xAI has been in talks with Oracle executives to rent cloud servers from Oracle for $10 billion in the next few years. This transaction size is comparable to OpenAI and Anthropic server trading orders. If all goes well, it will make xAI one of Oracle's biggest customers.
The European Union investigates Elon Musk's X
The European Union has launched an investigation into X to assess whether Elon Musk's social network qualifies as an important gateway between businesses and consumers, the latest EU investigation into U.S. companies under its comprehensive digital competition law. Under the EU's Digital Markets Act, some of the world's largest tech companies, considered "gatekeepers" by the EU, must comply with numerous rules designed to promote competition in the digital advertising, online search, and app ecosystems.
Meta will close the Workplace app
Meta said it will discontinue its workplace-oriented app, Workplace, as the company shifts its focus to building artificial intelligence and metaverse technologies. Workplace will be retired to customers starting in June 2026, but Meta will continue to use it as its internal message board, and users will continue to access the product until August 2025. Workplace, an enterprise communications app, was first launched for businesses in 2016 with new features including multi-company groups and shared spaces that allow employees from different organizations to work together.
Intel and Apollo Global in talks for financing for an Irish chip factory
US semiconductor giant Intel has entered exclusive talks with Apollo Global to finance an $11 billion chip manufacturing plant in Ireland. At present, large corporations are increasingly turning to private capital groups rather than banks to fund their expansion projects. Intel has been in talks to raise funds for a major expansion of its semiconductor manufacturing facility. The company is shifting its supply chain from Asia to Western Europe and North America, and is modernizing its chip manufacturing production facilities to accommodate the rapid development of AI technology.
Hon Hai's net profit in the first quarter was NT$22 billion
Hon Hai's first-quarter financial report showed that revenue was NT$1.32 trillion, down 9% year-on-year; Net profit in the first quarter was NT$22 billion, up 72% year-on-year. Hon Hai will increase its automated production lines in China, consumer electronics production capacity in India, computer production capacity in Vietnam, and electric vehicle production capacity in the Americas. In addition, Hon Hai transferred to invest in Japan's Sharp's Osaka-Sakai factory for large-size panels, which suffered losses repeatedly. On May 14, Liu Yangwei, chairman of Hon Hai, said as the representative of Sharp's largest shareholder that the Sakai factory will be transformed into an artificial intelligence AI data center to jointly promote Sharp's goal of asset-light.
Sony's total revenue for the fiscal year exceeded 13 trillion yen
Sony Group announced its results for the fiscal year ended March 31, 2024. Sales and revenues were 130208 billion yen, compared to 109744 billion yen in the previous year. Operating profit for the fiscal year was 1,208.8 billion yen, compared to 1,302.4 billion yen in the previous year. Net income attributable to Group shareholders for the fiscal year was 970.6 billion yen, compared to 1,005.3 billion yen in the previous year. By business, the game and network services business generated sales of 4,267.7 billion yen, the music business sales of 1,619.0 billion yen, the film and television business sales of 1,493.1 billion yen, the entertainment technology and services business sales of 2,453.7 billion yen, and the imaging and sensing solutions business sales of 1,602.7 billion yen. Financial services revenue was 1,770 billion yen.
iFLYTEK has set up its regional headquarters in Singapore
iFLYTEK has established an Open Platform Global Station in Singapore and is working with Mediacorp and Singapore's Ministry of Education. These include the Student Learning Space project, which has been piloted in 62 primary and secondary schools.
百度推出第六代Robotaxi
Baidu announced that its Robotaxi business, Radish Express, has launched the sixth-generation model, the Yichi 06, a model of Baidu Apollo and Jiangling New Energy. The ex-factory price of the car is 204,600 yuan, and the first batch of deliveries reached 1,000 units. Baidu's Robotaxi business will break even in Wuhan by the end of 2024 and enter a profitable period in 2025. Baidu said that the sixth-generation model of Radish Express has reduced the cost of the vehicle by 60%, the operating cost by 30% and the service cost by 80% compared with the previous generation.
German companies are gradually experimenting with AI technology
As an aging population could weigh on productivity growth, German companies are experimenting with AI technology, but they are still lagging behind countries such as China in terms of AI adoption and investment. German companies are gradually experimenting with AI to improve productivity, but some warn that the AI dividends may be years away. AI technology is expected to increase productivity by reducing repetitive tasks and freeing up employees to work new, higher-value tasks.