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AI“幻觉”的克星来了!海致科技港股IPO弄潮
21世纪经济报道记者 赵云帆 报道 作为AI行业的"卖水人",芯片半导体,数据中心与云计算等行业企业受益于AI模型训练需求的大增,过 去一年不断得到资本市场追捧。如今,另外一些依附于AI大模型训练的业态,也正在受到资本市场的 关注。 "AI除幻"或年复合增长140% 从招股书来看,海致科技将自身定义为AI智能体企业,并专注于通过"图模融合技术"开发AI智能体或 AI解决方案。 何谓"图模融合技术"?需要指出的是,公司提及的"图"并非指"图片"或者"图像",而是所谓的"知识图 谱"。而"图模融合"即知识图谱与大模型技术的融合。 招股书称,该技术通过使大模型在预训练阶段学习图谱推理能力,以及通过吸收图谱数据库中的结构性 知识,提高彼等对隐晦关系的理解,提高了大语言模型输出内容的准确性、可追溯性及可解释性,有效 地减少了大语言模型中的幻觉。 同时,招股书还表述,除预训练阶段,该公司的服务还可以在推理阶段和检索阶段被使用。 近日,北京海致科技集团(以下简称"海致科技")正式向港交所递交招股说明书,招银国际、中银国际 和申万宏源香港担任联席保荐人。 而这家公司的特别之处在于,其聚焦的领域在于去除AI大模型的"幻觉"。 ...
海致科技港股IPO:自称技术实力全球领先 研发费用及费用率连续下降且低于同行
Xin Lang Zheng Quan· 2025-06-20 07:39
Core Viewpoint - Haizhi Technology claims to be the first AI company in China to effectively reduce large model hallucinations through knowledge graphs, but its revenue from this AI agent business is relatively low, accounting for only 17.2% in 2024 [1][2]. Business Overview - Haizhi Technology's main business market share is only 1.11%, with the AI agent business market share at 2.8% [2][3]. - The company's Atlas intelligent agent revenue from 2022 to 2024 shows a growth from 0 to 86.55 million RMB, but still represents a small portion of total revenue [2][4]. Financial Performance - The company reported revenues of 313 million RMB, 376 million RMB, and 503 million RMB for 2022, 2023, and 2024 respectively, with net losses of 176 million RMB, 266 million RMB, and 94 million RMB, indicating a narrowing loss [4]. - The Atlas graph solution revenue accounted for 100%, 97.6%, and 82.8% of total revenue in the same years [4]. R&D Expenditure - R&D expenses for Haizhi Technology decreased from 86.94 million RMB in 2022 to 60.68 million RMB in 2024, with a significant drop in R&D expense ratio from 27.8% to 12.1% [6][9]. - The company’s R&D expenses are significantly lower than competitors like Minglue Technology and Xinghuan Technology, raising questions about its claimed technological advantages [9]. Market Position and Future Outlook - The market for integrated knowledge graph AI agents is projected to grow from 200 million RMB in 2024 to 13.2 billion RMB by 2029, with a compound annual growth rate of 140% [10]. - If Haizhi Technology can capitalize on opportunities for significant growth in AI agent revenue, it could strengthen its market position, although competition from internet giants poses potential challenges [11].