海天瑞声(688787) - 投资者关系活动记录表（2023年11月9日）

Group 1: Financial Performance - In the first three quarters of 2023, the company achieved a revenue of 103 million yuan, a decrease of 38.25% compared to the same period last year [3] - The decline in revenue is attributed to the slowdown in budget release from overseas clients and the impact of new regulations on outbound data [3] - Domestic revenue also faced challenges due to a cautious attitude from clients towards concentrated R&D investments and intensified industry competition [3] Group 2: Data Sources for Large Models - Data for large model training can be categorized into four types: personal data, enterprise data, public data, and copyright data, sourced from individuals, enterprises, government agencies, and copyright holders [4] - The value of specific data types depends on the application area of the model; for instance, literary data is valuable for models focused on creative writing [4] Group 3: Demand for Multimodal Data - The shift towards multimodal models will create new data demands, such as generating images from text inputs, requiring high-quality multimodal training datasets [5] - The development of multimodal capabilities will expand the data service industry into larger growth spaces [5] Group 4: Future Data Needs - The demand for data related to large models is expected to continue growing due to the public release of more models and ongoing version iterations [6] - Future data needs will focus on high-quality, large-scale copyright data, public data, multimodal data, and practical scenario data from vertical fields [6] Group 5: Copyright Data Value - The company's value lies in aggregating diverse copyright data, cleaning it, and providing tailored services based on client needs [7] - High-quality cleaning of copyright data is essential before it can be used for model training, ensuring compliance with legal standards [7] Group 6: Data Trading Progress - The company has established connections with three data exchanges and has successfully listed data products on these platforms [8] - Future plans include expanding partnerships with various data exchanges to contribute to the development of the national digital economy and data market [8]