Shulou(Shulou.com)11/24 Report--

ChatGPT has been popular for a year since November 2022. During this year, from the initial novelty, to the technology companies scrambling to announce to embrace AIGC, and now it has gone deep into text, image, video and other aspects, numerous AI applications have emerged, AIGC has unwittingly entered the real life from the code in the laboratory, and brought changes for the technology industry.

Recently, the leading domestic AIGC manufacturers have announced the first three quarters of 2023 financial results, from the financial performance, the performance of a number of listed companies showed a steady growth trend. 300624.SZ, a listed company with A shares of AIGC software, had revenue of 1.096 billion yuan in the first three quarters, up 30.69% from the same period last year, and its net profit was 65.07 million yuan, up 166.91% from the same period last year. Jinshan office financial report shows that operating income reached 3.27 billion yuan in the first three quarters, an increase of 16.99% over the same period last year.

AIGC industry leaders are performing so well, what did they do right in the process?

Global technology giants compete for the blue ocean of AIGC trillion

In November 2022, ChatGPT, a conversational large language model launched by OpenAI, was born, with millions of users in 5 days, 100 million users in 2 months, and more than 1 billion OpenAI users in March 2023. At the same time, the market size of AIGC is expanding rapidly. According to the forecast of qubit think tank, the market size of AIGC will reach 1.15 trillion yuan by 2030.

With the rapid development of ChatGPT around the world, the technological innovation and application of AI have become the key engine to lead the development of artificial intelligence. Whether overseas or domestic, major science and technology enterprises are actively embracing AIGC to catch up with this new technological journey.

Overseas, when ChatGPT came to the fore, Microsoft announced a multibillion-dollar investment in OpenAI, and then quickly promoted the integration of ChatGPT with its browsers and office suites. Microsoft 365 Copilot announced in March gave the world a glimpse of the possible form of AI applications after accessing the big model, while Google launched the ChatGPT-like conversational AI service Bard a few months after ChatGPT came out of the circle.

At home, Ali, Tencent, Wanxing Technology, Jinshan Office and other areas of head technology enterprises also responded quickly. Ali, Tencent, have launched Tongyi big model, mixed yuan big model, Wen Xin big model and other layout achievements; Wanxing science and technology rushed to the AIGC layout, quickly connected to Azure OpenAI, is the first domestic enterprises to obtain the authority of Azure OpenAI business services; Jinshan Office also announced in April this year the launch of generative artificial intelligence application WPS AI based on large language model, and promote rapid application in its office software.

As can be seen from the financial results, the enterprises that rush to the AIGC track have obtained obvious first-mover advantages and have been widely recognized by the market. Wanxing Technology has received the attention of many institutions in the past month. Guojin Securities, Zheshang Securities, Soochow Securities and other institutions have given "buy" ratings, and the company's value growth has been recognized by the capital market. Jinshan Office won Southwest Securities, Zheshang Securities, Soochow Securities and other "buy" ratings.

While many science and technology enterprises respond quickly to the wave of AIGC, the rapid development of AIGC market and the continuous expansion of application scenarios bring great business opportunities to investors and entrepreneurs. At the same time, with more and more players in the AI track, it also brings the intensification of market competition and the improvement of technical threshold. If you want to win the first opportunity from the competition, it is not just a matter of snatching away.

What did the frontrunners do right?

Behind the high performance growth of enterprises such as Wanxing Technology and Jinshan Office is the improvement of competitiveness brought about by the accelerated upgrading of core technology and product innovation capabilities.

In terms of technological innovation, the input of leading enterprises can be said to spare no effort. For example, Wanxing Technology has chosen to dig deep into the main channel of video creativity, continue to develop video creative AI, strengthen cooperation with leading enterprises and institutions at home and abroad on the basis of self-research, and make breakthroughs in technical capabilities such as 3D video generation, AI graphics video, AI Wensheng video, AI music sound generation, video stylization, AI virtual human, etc. And promote video creativity as the core of multimedia model data training and technology development, has pre-released the "Skyscreen" large model, it is reported that this is the first large multimedia model with video creative application as the core.

In terms of product innovation, domestic leaders are also constantly introducing innovative and leading products to meet the changing needs of the market. On the one hand, Wanxing Technology continues to launch AIGC creative new products, enriching product matrix, releasing intelligent text quick-cutting tool Wondershare Kwicut, AI commodity map generation tool Wondershare Virtulook, pan-knowledge domain intelligent demonstration content production tool Manxing Zhijian / Wondershare Presentory, mobile AI virtual companion application Trumate, going out to sea marketing digital human live broadcast artifact Wanxing live broadcast version and other AI creative new products On the other hand, accelerate the intelligent upgrade of its star products, complete the update of the overseas version of Wanxing PDF, the creative star product of documents, and the continuous iteration of the web-end multimedia AI toolset Wondershare Media.io and the creative drawing software Yitu brain map, Yitu icon and other products, a large number of new functions have led to rapid growth in usage and sales.

Jinshan Office also mentioned in the financial report that the steady growth of domestic personal office service subscription business is "the company optimizes the full range of product use experience, upgrades the membership rights system, the conversion of individual user fees and the continuous improvement of customer unit prices." Zhongtai Securities Research News pointed out that WPS AI, an intelligent office assistant based on a large language model, launched by Kingsoft Office has been integrated into its full range of products and entered the public testing stage; in addition, Kingsoft Office is also based on the open source model base and optimized through training to launch the Jinshan Office self-research model. The company's AI office application can provide users with a new product experience in three aspects: AIGC (content creation), Copilot (intelligent assistant) and Insight (knowledge insight).

At present, the competition of leading enterprises in technological upgrading and product innovation has not stopped. According to news on November 1, Microsoft recently made a major update to the Windows 11 PC operating system, officially accessing the chat robot called Copilot, which can help users open applications, open Bluetooth, summarize web content and other operations. In addition, Microsoft 365 Copilot Enterprise Edition is also available. On the domestic side, Wanxing Technology has released AI video creation software Wondershare Filmora 13, which has built-in Copilot, an exclusive creative assistant for deep integration of video creation scenes, showing comprehensive AI features, including interactive methods.

Obviously, the AI-driven productivity revolution will continue, and this long race is far from the end, so the frontrunners deserve more attention.

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