Core Insights - The event highlighted the collaboration among leading domestic computing chip companies and the launch of the new multi-modal reasoning model Step 3 by Jumpshare Star, showcasing the strong adaptability of domestic chips [3][5][12] - The establishment of the "Model-Chip Ecological Innovation Alliance" aims to synchronize product development among hardware manufacturers and enhance strategic cooperation [12][19] - Jumpshare Star's revenue guidance for the year is projected to reach 1 billion yuan, indicating a strong market position compared to competitors [13][14] Group 1: Model and Chip Integration - The Step 3 model demonstrates a 300% inference efficiency improvement on domestic chips compared to DeepSeek-R1, and over 70% improvement in distributed inference on NVIDIA Hopper architecture [6][8] - Jumpshare Star's approach integrates model development with hardware characteristics from the outset, addressing the inefficiencies of traditional development cycles [8][9] - The new multi-matrix factorization attention (MFA) architecture significantly reduces key-value cache usage by 93.7%, making it more compatible with domestic chips [11] Group 2: Market Position and Strategy - Jumpshare Star has released over ten multi-modal models in the past year, positioning itself favorably in a market where multi-modal applications are increasingly sought after [15][16] - The company has established significant partnerships with leading domestic smartphone manufacturers and automotive companies, enhancing its market reach [16] - The rapid application of multi-modal models is expected to create a feedback loop that drives further model improvements [16] Group 3: Shanghai's Role in AI Development - Shanghai hosts a significant number of AI companies, with 24,733 registered AI enterprises in 2024, reflecting a 5.1% growth from the previous year [18] - The city benefits from a robust industrial ecosystem, including major wafer fabs and advanced packaging capabilities, which support GPU companies [18][19] - Shanghai's state-owned capital is actively investing in AI startups, indicating strong governmental support for the industry [18]