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Meituan acquires all businesses of companies other than Wang Huiwen Light Years
On June 29, Meituan announced that it will enter into a transaction agreement on June 29, 2023 (after the trading hours) to acquire all the rights and interests beyond Light Years. The total consideration consists of US$233,673,600 in cash; RMB 366,924,000 in debt commitments; and RMB 1.00 in cash (total consideration).
Meituan stated that Light Years Beyond is a leading AGI innovator in China, founded and controlled by Mr. Wang Huiwen, co-founder of Meituan, former director of the company and connected person. As at the date of this announcement, Light Years Beyond Group's total net cash position is approximately US$285,035,563. After the completion of the delivery, Meituan will hold 100% equity of Light Years Beyond Group. The important information is that because the interests held by AI Age, Qimai and Sequoia China outside Light Years Abroad refer to the shares outside Light Years Outside China that they each subscribed for in the previous round of financing in May 2023. The shareholding ratio of all issued share capital outside the light year is: AI Age holds 76.72% of the shares, Oimai holds 0.43% of the shares, Red Shirt China holds 2.44% of the shares, and other sellers hold 20.41%, totaling 100%.
Oracle will add generative AI capabilities to its human resources software, expected by the end of the year
Oracle Corp said on Wednesday it will add generative AI capabilities to its human resources software for businesses, designed to help with tasks such as drafting job descriptions and employee performance goals,media reported. Oracle will put a button on many fields in the software to automatically generate draft text for things like job listings or performance goals, which will still require human approval. These features are expected to be available by the end of this year.
Xiao-i robot released the large model of Huazang
On June 29, Xiaoi Robot released a large model "Hua Zang", which can be applied to various application scenarios in finance, medical care, construction, retail and other fields. The Hua Zang large model has the characteristics of "controllable, customizable, and deliverable". The minimum cost of computing power used by customers is 100,000 yuan. It is reported that in the next 3 months, Xiaoi Group will realize the diversification of modes and build the ecological system of Huazang; in the next 6 months, it will realize the full coverage of languages and apply it in the international market; The internal will be open sourced for the global ecology.
Moka releases AI-native HR SaaS product "Moka Eva"
On June 28, Moka held the 2023 summer new product launch conference in Beijing. Moka CEO Li Guoxing released Moka's first AI-native HR SaaS overall solution and its AI HR partner for the AGI era - Moka Eva. At the meeting, Moka also jointly released the "Research Report on Organizational Change in the AGI Era" jointly with 36 Krypton Research Institute. The report pointed out that the transformation of productivity triggered by AGI will inevitably promote the innovation of production relations.
AI startup Stability AI sells convertible notes after deep funding woes
Recently, according to people familiar with the matter, Stability AI, an artificial intelligence start-up company, has sold convertible notes. The company is currently in deep financing difficulties. The convertible note deal, for less than $25 million in funding, came this spring after Stability AI, the distributor of image generation tool Stable Diffusion, was said to be seeking to quadruple its valuation. Motez Bishara, a spokesman for Stability AI, denied the report and said the company was not having trouble raising money.
Qunhe launched the AIGC application "Kujiale AI"
On June 29, Qunhe Technology released the generative artificial intelligence application "Kujiale AI". This is an AIGC application developed by the 3D cloud design track based on the self-developed AI model. "Kujiale AI" is mainly launched for home design scenes, and is created in the form of "pictures" and "wenshengtu". Capabilities will be embedded in more subdivided industries of Kujiale. It is understood that Qunhe Technology will launch AIGC products for all spaces in the future.
Haitian AAC: The company will adopt full-stack self-developed data production vertical large-scale model technology
On June 29, Haitian Ruisheng stated on the interactive platform that the company will use the full-stack self-developed data production vertical large-scale model technology to assist in the completion of data design and processing rules for multiple downstream tasks, and form data cleaning scheme design, instruction Multiple generation capabilities including scheme design, command generalization and migration, command data verification, multi-modal data schemes, etc., as well as raw data and labeling results generation capabilities under the above schemes. The research and development of this project will serve the vertical direction of data production and respond to the further development of data intelligence in the future.
Unity launches AI Hub, AI software marketplace for developers
On June 28th, Unity officially launched AI Hub, an AI software market for developers, to provide a more convenient AI software trading platform for AI software developers and game developers.
Unity allows AI software developers to directly supply development software to game developers through AI Hub, and charges through Unity's Asset Store. This means that game developers can directly purchase AI generation software from independent companies such as Inworld AI on the Unity platform, which can generate dialogue, UI or textures in games.
Meiya Pico: The first domestic public safety large-scale model "Tianqing" comes out
According to Meiya Pico’s official WeChat account, on June 28, the “Tianqing” Meiya public safety model was released at the 2023 Meiya Pico “Smart Society” Ecological Cooperation Conference, and it is the first public safety model in China. "Tianqing" Meiya public safety model is the first public safety intelligent model in China. It has rich public safety industry knowledge, strong business understanding and reasoning capabilities such as police intent recognition, police intelligence analysis, and case reasoning. It can Continuous self-evolution from massive data, realize the closed-loop evolution of industry knowledge, business problems, and solve the feedback of the whole process.
Visa acquires Brazilian fintech startup Pismo for $1 billion in cash
On June 29th, according to market news, credit card giant Visa has agreed to acquire Brazilian financial technology company Pismo for US$1 billion in cash, which will allow Visa to provide financial institutions and financial technology customers with debit cards, prepaid cards, Core bank and issuer processing capabilities for credit and commercial cards. In addition, this cloud-based payment and banking platform will allow Visa to provide support and connectivity for emerging payment platforms, such as Pix, the instant payment platform of the Central Bank of Brazil. The transaction is expected to close before the end of this year.
TSMC's capacity utilization rate will increase significantly in the second half of the year, due to the increase in orders from Apple, Nvidia, AMD, etc.
TSMC recently stated that it is expected that the capacity utilization rate of fabs will increase significantly in the second half of this year, especially the capacity growth of advanced processes below 7nm. The increase in TSMC's foundry utilization rate is mainly due to the pull of the new iPhone 15 series, as well as the increase in orders from Nvidia, AMD, Broadcom, Amazon, etc. in the second half of the year. Sources pointed out that starting from the second quarter, Nvidia has increased its orders to TSMC. Affected by the growing demand for AI GPUs, TSMC is stepping up production of Nvidia chips and has confirmed orders for 2024.
Self-driving company Tucson plans to sell U.S. business in the future, and will focus on the Asia-Pacific region
On June 28, TuSimple, an autonomous driving company, announced that it is exploring strategic alternatives to its US business, including the possible sale of the US business. The company emphasized that if the U.S. business is eventually sold, Tucson will continue to be a global L4 autonomous driving technology company in the future, and will pay more attention to the Asia-Pacific region and other major markets around the world.
CEO Lu Cheng pointed out that the move was not affected by the pressure of the Committee on Foreign Investment in the United States (CFIUS). The company plans to completely separate its larger U.S. operations from the truck programs it operates in China and Japan. Lu Cheng said the sale of the business would help alleviate potential national security concerns. He also emphasized that the company currently has a cash reserve of close to US$1 billion, and there is no shortage of funds. This sale plan is aimed at maximizing long-term shareholder value.
Renault may delay its electric car unit IPO until the first half of next year
According to news on June 29, based on investor feedback, Renault has postponed the possible listing of its electric vehicle division. Thierry Pieton, the company's chief financial officer, said on Thursday that the IPO of electric vehicle unit Ampere would be held in the "most favorable window", most likely in the first half of next year. Earlier, Renault CEO Luca de Meo said that the most ideal situation is that Ampere will be listed by the end of this year. Renault is targeting a valuation of around 10 billion euros for Ampere, according to reports late last year.
OpenAI hit with class action lawsuit, accused of "stealing private data"
Recently, a group of anonymous individuals reportedly claimed in a class-action lawsuit that ChatGPT developer OpenAI was stealing "large amounts" of personal information to train its artificial intelligence models. In the 157-page complaint, the anonymous individuals accused OpenAI of violating privacy by secretly scraping 300 billion words from the internet, wiretapping "books, articles, websites and posts, including personal information obtained without consent." Law. In a complaint filed Wednesday in U.S. federal court in San Francisco, the Clarkson Law Firm said the plaintiffs were all named by occupation or interest but identified only by initials for fear of objection. . They proposed $3 billion in potential damages based on the estimated millions of people injured in the categories of individuals.
Policy/Report
Evaluation of the large model of the Institute of Industry and Commerce: The performance of the domestic large head model is outstanding, and the overall performance is comparable to GPT3.5
Recently, the China Industrial Internet Research Institute conducted a systematic evaluation of the knowledge question-answering ability of the artificial intelligence large model in the Chinese industrial field. The evaluation objects cover GPT4, GPT3.5, Wenxin Yiyan, ChatGLM and other large models at home and abroad. The results showed that GPT4 performed best. The performance of the domestic large-scale head model is outstanding, and the overall performance is comparable to GPT3.5. Among them, Baidu Wenxin’s performance exceeds GPT3.5.
Surfshark security report shows soaring AI accidents: Tesla, Facebook, OpenAI occupy the top three
Recently, cybersecurity company Surfshark released a report on AI accidents. The report lists accidents caused by AI since 2010, and analyzes the details of AI accidents. The data shows that in the initial period from 2010 to 2013, there were 18 AI accidents. Between 2014 and 2019, the development stage of artificial intelligence, there were a total of 207 AI accidents. When artificial intelligence develops to 2020-2023, when it comes to the application stage, the data has recorded 293 AI accidents, an increase of about 15 times compared to 2010-2013.
With the release of the GPT-3 architecture developed by OpenAI in 2020, the total number of AI accidents began to rise sharply, reaching 91 in 2022. According to the report, as of May 2023, the total number of AI accidents this year has exceeded half of last year, and the growth is expected to continue. In addition, AI accidents caused by Facebook, Tesla, and OpenAI occupy the top three of all known accidents, accounting for 9.3%, 7.7%, and 7.5% respectively.
Shanghai Xuhui: Comprehensive layout of large models and generative artificial intelligence
On June 29th, the Shanghai Municipal People's Government held a press conference. Yu Linwei, deputy head of Xuhui District, Shanghai, said at the meeting that in the face of a new round of artificial intelligence development opportunities, Xuhui District, Shanghai will take advantage of the momentum and use business partnerships Human vision and responsibility, comprehensive layout of large models and generative artificial intelligence.
IPO
Qiniu Cloud Hong Kong Stock Exchange IPO
On June 29, Qiniu Intelligent Technology Co., Ltd. (hereinafter referred to as "Qiniu Cloud") submitted a prospectus on the Hong Kong Stock Exchange, with Shenwan Hongyuan Hong Kong and Bank of Communications International as joint sponsors. According to the prospectus, from 2020 to 2022, Qiniuyun’s revenue will be 1.089 billion yuan, 1.471 billion yuan, and 1.147 billion yuan, and the adjusted net losses will be 20.264 million yuan, 143 million yuan, and 150 million yuan. According to iResearch, based on revenue in 2022, Qiniu Cloud is the third largest audio and video PaaS (Platform as a Service) service provider in China, with a market share of 5.7%. The second service provider with a market share of 11.9%.
It is reported that the main products and services of Qiniu Cloud include MPaaS products, a series of audio and video solutions, including proprietary content distribution network (“QCDN”), object storage platform (“Kodo”), interactive live broadcast products and smart media data Analysis platform ("Dora"), which mainly serves customers with strong development capabilities and strong flexibility needs; and APaaS solutions.
Baiwang shares go public in Hong Kong
According to the disclosure of the Hong Kong Stock Exchange on June 28, Baiwang Co., Ltd. (hereinafter referred to as: Baiwang shares) submitted a listing application to the main board of the Hong Kong Stock Exchange, and Haitong International was the sole sponsor. In terms of finance, in 2020, 2021 and 2022, Baiwang's revenue will be approximately RMB 291 million, RMB 454 million and RMB 526 million respectively; during the same period, it will record a net loss of RMB 389 million and RMB 448 million respectively and 156 million yuan; in 2020, 2021 and 2022, adjusted net losses (measured by non-IFRS) of RMB 41.914 million, RMB 16.739 million and RMB 70.295 million were recorded respectively.
Baiwang is a comprehensive enterprise digital solution provider in China, focusing on providing financial and tax digitization and data-driven intelligent solutions through the Baiwang cloud platform.
Investment and Financing
Crystal Gate Technology completed the Pre-A round of financing
Recently, Crystal Gate Technology, a data technology and industrial software provider in the pan-semiconductor industry, completed the Pre-A round of financing. This round of financing was invested by Cisco Ruixin Capital, and Jianxin Capital served as the exclusive financial advisor. Crystal Gate Technology was established in 2016 and will officially operate at the end of 2020. At present, the company's three core products (iCOPForce intelligent enterprise management system, iDataforce big data analysis system and iIIForce intelligent manufacturing system) have been put into the market.
other
Glory CEO Zhao Ming: Exploring the introduction of large models into the end-side to create exclusive personal AI
On June 29th, at the 2023MWC Shanghai Conference, Zhao Ming, CEO of Honor, said that the development of smartphones has encountered bottlenecks in recent years, and the biggest impact on the consumer electronics industry is not the economic cycle, but the innovation cycle. The development of smartphones is a process of constantly breaking boundaries and integrating other categories. Zhao Ming said that the personal "big" model on the device side is the direction of future exploration, and Honor will introduce the large model into the device side to create an exclusive personal AI.
Shanghai Artificial Intelligence Laboratory open sourced the world's first medical basic model group
On June 29, led by the Shanghai Artificial Intelligence Laboratory, together with top scientific research institutions, universities and hospitals at home and abroad, jointly released the world's first medical multimodal basic model group "OpenMEDLab Puyi".
"OpenMEDLab Puyi" integrates the world's top AI research and development capabilities, massive medical data and medical expert knowledge. The basic model trained by state.
The survey found that 20% of men use AI tools such as ChatGPT to "beautify" dating profiles and improve communication skills
News on June 29, the Attractiontruth agency recently surveyed 1371 men and found that 20% of men (about 274 men between the ages of 25 and 35) are using AI tools such as ChatGPT to improve their dating profiles to attract More dates. Among men who use AI tools, 37% think it can attract more attention from the opposite sex, and 24% think it can improve their information delivery skills. Attractiontruth co-founder Salvatore Damiata said that by using artificial intelligence to manage conversations on dating apps, users can expect more positive outcomes and higher quality interactions.
