CLOUDWALK(SH:688327)2025-02-24 07:34Summary of Conference Call Records Industry Overview - The AI industry is experiencing significant growth driven by advancements in large model capabilities, particularly in 2023 with breakthroughs represented by models like GPT and Google's JIMA. Companies like SenseTime and CloudWalk are launching cloud-based foundational models, which are continuously upgraded to meet increasing computational demands [1][3][2]. Key Points and Arguments AI Model Development - The AI industry is evolving through three core stages: model capability enhancement, cost reduction, and application deployment. The current focus is on deploying models in various business scenarios, particularly in the To B market [2][4]. - SenseTime has achieved a computational capacity of approximately 20 trillion, with around 54,000 GPUs deployed, indicating a rapid growth in generative AI business, with 2024 revenue expected to match that of 2023 [10]. Market Demand and Opportunities - The To B market is witnessing a surge in deployment demands, especially in sectors like public safety, leading to increased hardware needs such as chips and cameras [9][11]. - Companies like CloudWalk are benefiting from strong demand in the To B and To G markets, leveraging large orders from state-owned enterprises [11][12]. Technological Advancements - New technologies like DeepSeek are reducing computational demands while enhancing model capabilities, allowing companies to focus on application-side growth and private deployment needs [1][3]. - Tencent's AI assistant, which integrates DeepSeek technology, has shown excellent performance in office scenarios, enhancing user experience and establishing a foundation for future growth [6][8]. Competitive Landscape - Fourth Paradigm is noted for its high customer stickiness and is leveraging its AI platform to provide standardized model APIs and customized solutions, which is driving revenue growth [13][14]. - CloudWalk and CloudSky are capitalizing on the growing demand for edge computing and decreasing model costs, launching products like the DPH10 chip and AI glasses, which have received positive market feedback [15][16][17]. Additional Important Insights - The To C market faces challenges in achieving product-market fit, but advancements in deep learning are encouraging large-scale trials by developers and tech giants [5][6]. - The AI smart glasses market is expected to grow significantly due to continuous model upgrades, with potential for future iterations enhancing functionality [18]. - Products designed for children are also anticipated to evolve, leveraging improved AI capabilities for interactive experiences [19][20]. Conclusion - The AI industry is poised for substantial growth, driven by technological advancements and increasing application in various sectors. Companies like SenseTime, CloudWalk, and Tencent are well-positioned to capitalize on these trends, with a focus on both B2B and B2C markets.