中国大模型创业公司正在迎来又一轮的资本博弈。 近日，AI六小虎之一的MiniMax完成了近3亿美元的新一轮融资，投后估值超过40亿美元。同时，有消 息称公司正在筹备赴港上市的相关事宜。 而就在不久前，另一家六小虎成员，智谱，也被爆出正与财务顾问合作，推进潜在IPO计划，拟募资规 模或达3亿美元，此前其市场估值已经达到了400亿元。 表面看，是融资加速、IPO在即的集体高光，但从更深一层来看，这更像是政策红利释放下的一场"上 岸潮"。 据业内人士分析，这轮融资潮的直接推手，并非企业自身营收与盈利能力的提升，而是港交所"科企专 板"等政策的阶段性窗口，让尚未跑通商业模式的AI创业公司获得了暂时的资本喘息。 但资本窗口期不会永远敞开，真正的分化已然开始。就现有进展来看，六小虎已有两家显露疲态： 零一万物早前宣布放弃原计划中的万亿参数大模型Yi-X-Large训练计划，并已与阿里进行业务合并，实 际上退出了AI六小虎阵营； 百川智能则在今年相继收缩金融、教育等To B业务，转而聚焦AI医疗方向，但这一领域已有多家互联 网大厂玩家提前入局，未来竞争压力可想而知。 与此同时，目前还在牌桌上的剩余几家，也随着阿里、字节、D ...

以下文章来源于字母榜 ，作者赵晋杰 字母榜 . 策略纷纷转舵了。 作者丨 赵晋杰 编辑丨 王靖 来源丨 字母榜 字节系高管正在集体被AI六小龙"退货"。 最新调离核心岗位的是前字节皮皮虾负责人张心皓。6月初，据《智能涌现》爆料，去年12月，阶跃 星辰旗下角色扮演类应用"冒泡鸭"停止大范围投入，团队被合并至AI助手类应用"跃问"（现更名 为"阶跃AI"）。 让未来不止于大 将投中网设为"星标⭐"，第一时间收获最新推送 字母榜 从知情人士处获悉， 作为"冒泡鸭"产品负责人的张心皓，当前在公司内部的角色已变更为顾 问一职。 尽管尚未彻底离职，但 顾问角色更多代表一种虚职 。此前以类似方式完成变相离职的，还有前今日 头条用户产品负责人张前川。去年9月，MiniMax产品负责人张前川被爆离职，随后官方在对外回应 中便表示，张前川因个人原因淡出公司事务，改任产品顾问一职。 几乎与张前川改任顾问同一时期，前字节剪映产品经理、月之暗面核心产品负责人明超平，也正式从 月之暗面离职，开始下场创业。 字母榜曾在《无人再谈AI六小龙》一文中率先指出，原本被冠以六小龙称号的队伍中，因为有人明显 掉队（零一万物明确放弃追逐AGI，百川智 ...

Core Insights - ByteDance executives are being reassigned or leaving the company, indicating a shift in focus within the organization and the AI industry [1][2][4] - The competitive landscape for AI startups has intensified, leading to a strategic pivot towards technology prioritization over application development [2][12][15] - The transition from a focus on consumer applications to a technology-driven approach reflects the changing dynamics in the AI sector, particularly with the emergence of new competitors [4][12][19] Group 1: Executive Changes and Company Strategy - Zhang Xinhao, former head of the ByteDance product "Pipixia," has been reassigned to a consultant role, signaling a trend of executives transitioning to less active positions [1] - Other notable departures include Zhang Qianchuan and Ming Chaoping, who have left to pursue entrepreneurial ventures in AI [1][8] - The shift in strategy from application-driven to technology-driven is a response to increased competition from established tech giants and new entrants in the AI space [2][12] Group 2: Competitive Landscape and Market Dynamics - The AI sector is witnessing a saturation of investment and talent, prompting companies to reassess their strategies and focus on technological advancements [12][15] - The emergence of new players like DeepSeek and Manus has intensified competition, leading to a reevaluation of the capabilities of the so-called "AI Four Strong" [12][19] - The need for continuous innovation in model development is critical for maintaining relevance in the rapidly evolving AI landscape [19][20] Group 3: Talent Migration and New Ventures - Over 20 executives from ByteDance have transitioned to AI startups in the past two years, indicating a significant talent migration within the industry [8] - Former ByteDance talents are establishing new companies focused on AI applications, reflecting the ongoing entrepreneurial spirit within the sector [8][9] - The trend of high-profile talent leaving established firms for startups highlights the competitive nature of the AI talent market [7][8]

Core Insights - The article discusses recent personnel changes and strategic shifts at Jumpspace, highlighting the departure of Tech Fellow Duan Nan to JD's research institute and the cessation of investment in the role-playing agent product "Bubbling Duck" [1][32] - Jumpspace aims to focus on developing a native multimodal large model, which is seen as a challenging path with limited visibility in the competitive landscape of AI startups [4][22] Group 1: Personnel Changes and Strategic Shifts - Duan Nan, previously the head of video generation models at Jumpspace, has left to lead the visual and multimodal lab at JD's research institute [1][32] - The company has reportedly merged the team behind "Bubbling Duck" into its dialogue product, now known as "Jumpspace AI," retaining only a few employees for maintenance [1][4] - Jumpspace's response to the changes indicates a strategic pivot towards focusing on agent development as multimodal and reasoning capabilities mature by 2025 [1][4] Group 2: Market Position and Competitiveness - Despite being recognized as a "multimodal king," Jumpspace has struggled to gain significant market presence compared to competitors like Kimi and MiniMax, which have clearer branding and market strategies [4][6][22] - As of March 2025, Jumpspace's AI application has not made it to the top 15 in monthly active users, suggesting a lack of traction in the market [6][12] - The company’s cautious approach to marketing and investment contrasts sharply with competitors who have more aggressive funding and marketing strategies [8][28] Group 3: Technical Ambitions and Challenges - Jumpspace's ambition to create an end-to-end native multimodal large model is seen as a bold but risky strategy, with the potential for significant technological breakthroughs if successful [15][17][22] - The company faces challenges in attracting developers and users, as its models are perceived as lacking distinctiveness compared to offerings from other firms [14][22] - The competitive landscape is intensifying, with established players and emerging startups vying for talent and market share, putting pressure on Jumpspace to deliver results [25][30] Group 4: Future Outlook and Funding Needs - Jumpspace's future success hinges on its ability to demonstrate tangible results in its ambitious multimodal model development, which remains in the conceptual phase [22][24] - The company needs to secure additional funding to support its long-term goals, especially as the investment climate for AI startups has become more challenging [26][28] - The urgency for Jumpspace to prove its value proposition to investors is critical, as the competitive environment continues to evolve rapidly [30][31]

（原标题："多模态卷王"收缩C端业务！大模型"六小虎"战略聚焦谋出路） 在互联网大厂和DeepSeek的双面夹击之下，大模型创业企业正在"把饼摊小"，通过战略聚焦谋求出路。 近日，大模型"六小虎"之一的阶跃星辰C端业务进行了调整，公司对产品进行收敛，其角色扮演类的智能体产品"冒泡鸭"停运，重心转向终端 Agent（智能体）上。据知情人士称，"冒泡鸭"从去年12月起就已停止了大范围投流，团队也已合并至"阶跃AI"产品团队。 阶跃星辰收缩C端业务，是大模型创业企业在新的竞争形势下重新寻找自身定位、寻觅差异化突围路径的一个缩影。当DeepSeek以领先的技术实 力和免费开源的浪潮击穿了大模型厂商的护城河，当字节跳动、阿里巴巴、腾讯等大厂依托庞大的产品生态攻占C端市场，大模型创业公司亟需 向市场证明自身的存在价值，集中精力和资源锻造更长、更难以替代的"长板"。 "多模态卷王"专注"补长板" 在大模型"六小虎"中，阶跃星辰是知名度相对较低、最晚"浮出水面"的一家，但也是目前为数不多仍然在"死磕"基座大模型的创业公司。 阶跃星辰成立于2023年4月，创始人兼CEO是微软前全球副总裁姜大昕。创立后，团队虽已开始训练模型，但 ...

Core Viewpoint - The CEO of Jumpspace, Jiang Daxin, emphasizes that any shortcomings in the multimodal field will delay the exploration of AGI (Artificial General Intelligence) [1][8][10] Group 1: Company Overview - Jumpspace has maintained a low profile compared to its competitors in the "Six Little Dragons" despite its unique positioning in the market [2][3] - The company has released 22 self-developed foundational models in the past two years, with over 70% being multimodal models, earning it the title of "multimodal king" in the industry [4] Group 2: Multimodal Development - The development stage of multimodal technology differs from that of language models, with the former still in its early exploratory phase [5][9] - Jumpspace's approach involves a challenging technical route that integrates understanding and generation within a single large model [5][14] Group 3: Future Trends and Applications - The next trends in model development include enhancing pre-trained foundational models with reinforcement learning to improve reasoning capabilities [10][18] - Jumpspace is focusing on the integration of understanding and generation in the visual domain, which is crucial for effective model performance [14][20] Group 4: Strategic Partnerships and Market Position - The company is collaborating with major enterprises like Oppo and Geely to apply its agent technology in key application scenarios [6][24] - Jumpspace aims to become a supplier for vertical industries rather than directly targeting consumer or business markets, leveraging existing user bases and scenarios from partners [24][25]

衡宇 发自 凹非寺 量子位 | 公众号 QbitAI 当大模型赛道中不少玩家明确表示放弃基础大模型研发，心思放在更聚焦的方向上时，阶跃星辰站出来——就像这家公司第一次亮相时那 样，给外界一个明确的回答： 我们会 坚持基础大模型研发。 创始人兼CEO姜大昕解 释了背后逻辑。 一方面，大模型行业的趋势技术发展还是在非常陡峭的区间。 他也很感慨AI行业发展瞬息万变，"去年大家觉得GPT-4很牛，今天他都快下 架了"，等到明年看今年的技术，同样会觉得微不足道。 姜大昕说，阶跃不想在这个过程中放弃主流增长或前进的趋势，所以还是会坚持做基础模型的研发。 另一方面，从应用的角度来看，阶跃仍然相信应用和模型是相辅相成的。 因此，在基座模型上面继续投入以追求智能的上限，仍然是当下最重要的一件事。 要怎么去不停触碰智能的边界or天花板？不如先来看看这个领域里最前沿的趋势有哪些。 姜大昕复盘道，趋势共有如下两条： 一条是"模仿学习到强化学习"，另一条是"从多模态融合走向了多模态理解生成一体化"。 从模仿学习到强化学习的技术演进大家已经非常熟悉， OpenAI的o1、o3，以及DeepSeek-R1背后采用的都是强化学习技术，也是现 ...

坚持预训练，继续冲击AGI。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 另外值得一提的是，越来越多的开发者正在基于阶跃星辰的多模态大模型创造更丰富的C端应用功能 和体验，通过AI原生应用挖掘并满足新的消费场景。数据显示， 2024年下半年阶跃星辰多模态API 的调用量增长了超45倍 。 本文由公众号IPO早知道（ID：ipozaozhidao）原创撰写，如需转载请联系C叔↓↓↓ 据IPO早知道消息，大模型独角兽「阶跃星辰」已于近日完成数亿美元B轮融资。本次融资有国资、 战略和财务投资人等多家参与，核心投资方包括上海国有资本投资有限公司及其旗下基金，战略和财 务投资人包括腾讯投资、五源资本、启明创投等。 据了解，这笔融资将用于继续投入基础模型研发，强化多模态和复杂推理能力，并通过产品和生态加 大覆盖C端应用场景，提供丰富的用户体验。 成立于 2023年4月 的 阶跃星辰由微软前全球副总裁姜大昕博士创办，具有极高的人才密度， ResNet作者之一的AI科学家张祥雨、拥有丰富大规模集群与系统建设经验的AI系统专家朱亦博等 AI 大牛都先后加入阶跃星辰。目前 ， 阶跃星辰 ...