“AI六小虎”战局升级：阶跃星辰冲刺10亿元营收，大模型进入商业化比拼时代｜聚焦2025WAIC

Core Viewpoint - The company aims to achieve an annual revenue target of 1 billion yuan, the highest among the "AI Six Tigers" so far, despite not yet reaching profitability [2][3]. Group 1: Revenue and Business Model - The company has signed contracts worth several hundred million yuan in the first half of the year, indicating strong revenue potential [3]. - Revenue primarily comes from the application of terminal large models in key sectors such as automotive, mobile phones, and IoT devices, with significant partnerships established [3]. - The company has collaborated with over half of the leading domestic smartphone manufacturers and has launched an AI smart cockpit in partnership with Geely [3]. Group 2: Model Development and Technology - The newly released Step 3 model emphasizes generality and multi-modal capabilities, allowing for better adaptability across various applications [4][6]. - The Step 3 model has achieved a performance efficiency of up to 300% on domestic chips compared to competitors, showcasing cost optimization efforts [7]. - The company has formed the "MoCore Ecological Innovation Alliance" with nearly 10 chip and infrastructure manufacturers to enhance the integration of chips, models, and platforms [7]. Group 3: Funding and Future Plans - The company is seeking new funding, with participation from Shanghai State-owned Capital Investment Co., Ltd. in its latest financing round [4]. - There are currently no immediate plans for an IPO, with only one of the "AI Six Tigers" having initiated the process [5]. - The company remains open to using various chip technologies, including NVIDIA, to ensure competitive performance in model development [8][9].