拓尔思20250211

Summary of the Conference Call Company Overview - The conference call discusses the developments of 拓尔思 (Tuorens) since the launch of its 拓天大模型 (Tuotian Large Model) in June 2023, focusing on applications in B-end and G-end markets [3][4]. Key Points Financial Performance - In 2023, the company achieved nearly 50 million yuan in sales revenue from its AIGC business and large model applications [3]. - In the first half of 2024, the company added over 50 million yuan in revenue, with expectations for further growth in the second half, potentially doubling annual revenue compared to 2023 [3][16]. Major Projects - The company won the bid for the first domestic vector database project with Shanghai Pudong Development Bank, valued at over 13 million yuan [5]. - It also secured a project with the National Petroleum and Natural Gas Pipeline Group for AI search (Haibei Database), contributing to the AI large model application [5]. - The company is collaborating with the Zhejiang Provincial Government to build a computing power center and provincial AI service platform, providing SaaS services to local governments [3][12]. Application Areas - The Tuotian Large Model focuses on vertical fields such as government, public security, national security, military, and banking, enhancing decision-making processes by integrating external and internal data [3][4]. - In the banking sector, the company has multiple successful cases in consumer protection, investment research, and auditing [4][16]. Data Processing Capabilities - The company operates over 3,000 servers, processing more than 500 million data entries daily, which strengthens its application scenarios [7]. - It serves over 500 media organizations, including major outlets like People's Daily and Xinhua News Agency, and provides annual revenue of 300-400 million yuan from public opinion management services [3][25]. Challenges in AI Implementation - The slow adoption of AI applications is attributed to varying industry understanding of large models, high computational requirements, and the need for capable software developers [6]. - The company emphasizes the importance of data integration for enhancing application scenarios [6]. Future Outlook - The government and large enterprises are expected to embrace AI more actively, with potential budget increases anticipated by the end of 2024, creating new opportunities for the company [8]. - The company plans to continue strengthening its collaboration with DS models and explore new industry applications [13][15]. Comparison with Competitors - The company draws parallels with 普林特尔 (Printel) in terms of historical development, technology routes, and business models, highlighting its long-term service to critical government departments [11]. R&D Developments - The R&D team has integrated the DSS V3 version for applications in government and financial sentiment models, with over 100 financial institutions currently utilizing its data services [10]. Cost Savings and Efficiency - In a project with Ping An Bank, the deployment of the Tuotian Large Model is expected to reduce the number of auditors from 300 to 50 over three years, saving 75 million yuan annually [17]. Additional Insights - The company has identified that AI applications in government extend beyond document writing to deeper business understanding, such as decision support for water conservancy [12]. - The company’s data center has been operational since 2010, collecting credible data globally, which is crucial for training large models [24]. This summary encapsulates the key developments, financial performance, major projects, application areas, challenges, and future outlook of the company, providing a comprehensive overview of its current status and strategic direction.