Core Insights - Shanghai Jumpsky Star Intelligent Technology Co., Ltd. launched its new generation foundational model Step 3 ahead of the WAIC 2025, aiming to enhance model performance while addressing real-world application needs [1][2] - The company established the "Model-Chip Ecological Innovation Alliance" with nearly 10 chip and infrastructure manufacturers to promote collaborative innovation across the entire industry chain [2] Group 1: Product Development - Step 3 is designed to balance performance and cost, targeting enterprises and developers seeking practical applications [1] - The new model is set to be open-sourced on July 31, contributing a multi-modal reasoning model to the open-source community [1] Group 2: Industry Collaboration - The "Model-Chip Ecological Innovation Alliance" includes members such as Huawei Ascend, Mu Xi, and others, facilitating efficient and user-friendly large model solutions [2] - Initial implementations of Step 3 have been achieved with Huawei Ascend and other partners [2] Group 3: Market Focus - Jumpsky Star is focusing on intelligent terminal agents, particularly in automotive, mobile, and IoT sectors, while also expanding into vertical industry applications [2] - The company anticipates rapid growth in commercial applications, projecting nearly 1 billion yuan in revenue for 2025 [2] Group 4: Strategic Partnerships - Shanghai State-owned Capital Investment Co., Ltd. has entered into a deep strategic cooperation with Jumpsky Star, focusing on capital linkage, ecosystem building, and business collaboration [2]