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]

Core Viewpoint - The article discusses the launch of Step 3, a new generation foundational model by the company, aimed at enhancing intelligent applications and efficiency in the reasoning era, emphasizing the importance of meeting customer needs and real-world application scenarios [3][6]. Group 1: Step 3 Model Overview - Step 3 is positioned as the primary foundational model, designed for global enterprises and developers, and will be open-sourced on July 31 [3][20]. - The model features a total parameter count of 321 billion, with 38 billion active parameters, showcasing strong visual perception and complex reasoning capabilities [9]. - Step 3 aims to balance performance and cost, achieving state-of-the-art (SOTA) results in open-source multi-modal reasoning tasks [9][18]. Group 2: Technological Innovations - The model employs a Mixture of Experts (MoE) architecture, which allows for significant performance improvements while maintaining low operational costs [9][18]. - Step 3 has demonstrated a decoding efficiency that can reach up to 300% on domestic chips compared to previous models, and over 70% improvement in throughput on NVIDIA Hopper architecture [18][20]. Group 3: Industry Collaboration - The company has initiated the "MoXin Ecological Innovation Alliance" with leading chip and platform manufacturers to foster joint innovation across the model and chip industry [5][22]. - A strategic partnership with Shanghai State-owned Capital Investment Co., Ltd. has been established to enhance capital linkage and ecological business cooperation [5][22]. Group 4: Application and Market Focus - The company is focusing on key application scenarios such as automotive, mobile phones, and IoT devices, with significant collaborations with major domestic smartphone manufacturers and the automotive industry [23]. - The company aims to create scenario-based applications in vertical industries, collaborating with leading firms in finance, content creation, and retail [23].

Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) has commenced in Shanghai, focusing on the theme "Intelligent Era, Shared Future," with over 1,200 attendees from more than 30 countries, including notable award winners and representatives from top international laboratories [2] - The conference features an exhibition area exceeding 70,000 square meters, showcasing over 3,000 cutting-edge products, including more than 40 large models and 50 AI terminal products [2] - Step 3, a new generation foundational large model by the company Jiyue Xingchen, was released, featuring a total parameter count of 321 billion and an activation parameter count of 38 billion, designed for multi-modal reasoning [3] Company Developments - Jiyue Xingchen aims to achieve a revenue target of 1 billion RMB for the year, with a financing round expected to exceed 500 million USD (approximately 3.577 billion RMB) [3][5] - The company has established a "1+N" model matrix, with Step 3 as the foundational model and over 20 self-developed models covering various modalities [6] - The company is collaborating with nearly 10 chip and infrastructure manufacturers to form the "MoXin Ecological Innovation Alliance," aiming to integrate chip, model, and platform technologies [6] Technological Advancements - Step 3 is optimized for both model performance and inference cost, achieving a 300% efficiency increase on domestic chips compared to DeepSeek-R1 [3] - The model has demonstrated superior throughput, exceeding a 70% increase over DeepSeek-R1 when deployed on NVIDIA Hopper architecture chips [3] - The architecture of Step 3 has been designed to align with the computational characteristics of domestic chips, addressing current limitations in the industry [7] Market Positioning - Jiyue Xingchen's commercial strategy focuses on both B2B and B2C markets, with over 50% of leading domestic smartphone brands integrating its multi-modal capabilities [5] - The company emphasizes the interdependent relationship between large model commercialization and AGI technology, asserting that applications drive model development [5] - The current landscape shows a trend of companies falling behind in the large model sector, indicating a competitive environment [4] Industry Context - The conference highlighted the collaboration among domestic AI chip companies, referred to as "Shanghai NVIDIA," emphasizing the importance of synergy between large models and domestic chip development [8][10] - Industry leaders expressed optimism about the future of domestic AI chips and models, noting the need for continuous improvement in cost-effectiveness and performance [11][12] - The development of domestic large models is seen as crucial for advancing domestic chip design, with a focus on meeting the specific needs of large model applications [12]

Core Viewpoint - The article emphasizes the importance of aligning AI model development with real customer needs and application scenarios, highlighting the launch of the new generation foundational model, Step 3, by the company Jiyue Xingchen [2][3]. Group 1: Company Developments - Jiyue Xingchen has officially launched its new foundational model, Step 3, ahead of the WAIC 2025 [2]. - The company aims to achieve an annual revenue target of 1 billion RMB this year [7]. - A strategic partnership has been established with Shanghai Guotou to enhance capital linkage, ecosystem construction, business collaboration, and application empowerment [5]. Group 2: Model Innovations - Step 3 is designed to balance intelligence and efficiency, focusing on creating the most suitable model for application in the inference era [14]. - The model will be open-sourced globally for enterprises and developers on July 31 [14]. - Step 3 has achieved industry-leading inference decoding efficiency, with a potential performance increase of up to 300% on domestic chips compared to DeepSeek-R1 [14]. Group 3: Industry Collaborations - Jiyue Xingchen has initiated the "MoXin Ecological Innovation Alliance" with nearly 10 chip and infrastructure manufacturers to enhance model adaptability and computing efficiency [10]. - The first members of this alliance include major companies like Huawei Ascend and others, with initial successful implementations of Step 3 on their chips [10][12]. Group 4: Model Performance - Step 3 has achieved state-of-the-art (SOTA) results in various open-source multimodal inference model rankings [16]. - The company has also upgraded its multimodal models, including the first integrated model for multimodal understanding and generation, Step 3o Vision, and the second-generation end-to-end speech model, Step-Audio 2 [17].