Core Insights - The company Jumpshare Star officially launched its new generation foundational model Step 3 at the World Artificial Intelligence Conference, aiming to enhance model adaptability and computational efficiency through collaboration with nearly 10 chip and infrastructure manufacturers [1][6] - Jumpshare Star has established a deep strategic partnership with Shanghai State-owned Capital Investment Co., which will participate in the company's latest financing round, focusing on strengthening capital connections and ecological business cooperation [1] - The company aims to achieve a revenue target of 1 billion RMB this year, with significant contract revenue already secured in the first half of the year [3] Revenue and Business Model - Jumpshare Star's Vice President indicated that the company has already secured several million RMB in contract revenue in the first half of the year, with a strong performance in confirmed revenue and gross profit [3] - The company has identified two unhealthy business models: customized delivery projects and pure API sales, which are affected by price wars and lack scalability [3] - The current commercialization strategy focuses on both B2B and B2C directions, targeting high-volume terminals such as cars and smartphones, and exploring IoT and embodied AI for future growth [3] Technological Developments - The Step 3 model features a total parameter count of 321 billion and an activation parameter count of 38 billion, designed for efficient inference across various hardware platforms [5] - The model's architecture allows for significant performance improvements, achieving up to 300% inference efficiency on domestic chips compared to previous models, and over 70% throughput improvement on NVIDIA Hopper architecture [5][6] - Jumpshare Star has authorized multiple domestic chip companies for Step 3 and has completed chip adaptation, with initial successful runs on Huawei Ascend chips and others [6][8] Ecosystem and Partnerships - The company has launched the "Model Chip Ecological Innovation Alliance" with major domestic chip manufacturers to streamline the technology across chips, models, and platforms, facilitating efficient large model solutions for enterprises and developers [6][8] - Jumpshare Star has partnered with leading financial institutions to develop specialized financial products, indicating a strategic focus on deep collaborations with top partners in various sectors [3]