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[The Industrial Internet Weekly Report is a featured product released by TMTpost, which will integrate the most important cutting-edge trends, important policies and industry research reports in the fields of enterprise-level services, cloud computing and big data this week.]

Technology News

Kingdee International fell nearly 7% and expects first-quarter revenue to be slightly lower than previously expected

On July 16, Kingdee International fell 6.82%. In terms of news, CICC expects Kingdee International's revenue in the first quarter of this year to increase by 12% year-on-year to 2.87 billion yuan, slightly lower than previously expected, mainly considering that under the influence of the macro environment, new contracts signed by small and medium-sized enterprises may be slower than expected; the net loss attributable to the parent company narrowed from 280 million yuan in the same period last year to 230 million yuan, and the reduction in losses was basically in line with expectations.

The concept of digitalization of finance and taxation was active at the beginning of the trading session

On July 22, the concept of digitalization of finance and taxation was active in the early trading. Renzixing rose 9.3%, Runhe Software rose 6.61%, Neusoft rose 5.25%, Deep Technology, Huijin Technology, and Zhaori Technology rose more than 3%.

Earlier, a research report by Guotai Junan pointed out that the investment in the G-end system of the fourth phase of Golden Tax is expected to exceed 10 billion yuan. The prospects for G-end financial and tax informationization and B-end financial and tax SaaS industries are broad, and the overall market size of tax informationization can reach 100 billion yuan in 2025.

Domestic News

WPS denies using user data for AI training: no cooperation with Doubao in any form at the AI ​​level

Some netizens posted on social media that "WPS seems to have fed my review content to Douyin Doubao AI" because the review, outline, and detailed outline were all written in WPS and uploaded to the cloud space. In response, WPS said that after strict investigation and user communication, it was found that the user feedback on WPS AI-related issues was completely untrue. Regarding the specific issues reported by users, WPS AI and Doubao have not yet carried out any form of cooperation at the AI ​​level, and there is no situation where documents are used for AI training.

Feishu officially releases IPD product solution

Feishu officially released the "Feishu Project IPD Product Solution" for manufacturing companies. This solution can break the system silos, establish an end-to-end process, and help users establish a systematic R&D management system. It is understood that the Feishu project will be officially commercialized in 2021. At present, the Feishu project IPD product solution has been co-created and implemented in many companies such as Ruijie Networks, Newland, Marie Dalgar, and SKG.

ByteDance explains the technical progress of video generation and 3D image generation model

At the ByteDance AI Technology Elite Forum on the afternoon of July 19, several key figures in the ByteDance team's visual large model research gave detailed interpretations of ByteDance's series of innovative technologies in video generation and 3D image generation models.

According to Titanium Media, sources said that ByteDance has set AI big models as the highest level of the group's P0. In addition to the above research team, multiple internal teams such as Douyin and Jianying are also developing AI video model applications, which are expected to be announced in the near future.

Zhou Chang, a technical backbone of Ali Tongyi Qianwen, is reported to be leaving the company to start his own business

According to news, Zhou Chang (nickname: Zhong Huang), the technical director of Alitong Yi Qianwen Big Model, will leave Alibaba Cloud and start his own business. Zhou Chang is still in the Alibaba Cloud system and has not officially left. However, it is known from multiple independent sources that Zhou Chang has decided to start his own business. A source said that Zhou Chang may devote himself to the field of AI applications.

Another insider said that Zhou Chang was one of the core technical backbones of the algorithm team of Tongyi Lab, and his resignation was a normal one. The research and development and open source work of Tongyi's big model is still in progress. The current head of Tongyi Lab is Alibaba Cloud CTO Zhou Jingren. As of press time, there has been no response to the above information. (36Kr)

Ant Group's former vice president Jiang Guofei's future is clear: he will join China Electronics

On July 15, it was reported that Jiang Guofei, former senior vice president of Ant Group and president of Ant Digital Technology Business Group, will serve as chief scientist of China Electronics after leaving Ant Group on May 31, responsible for promoting the implementation of the national data elements and artificial intelligence strategy.

Jiang Guofei graduated from Beijing Institute of Technology, and obtained his undergraduate and doctoral degrees. He completed postdoctoral research at Dartmouth College in the United States. In June 2004, Jiang Guofei joined NEC American Research Institute, and served as a senior researcher, department head and vice president. In 2017, Jiang Guofei joined Ant Group. (Southern Plus)

Li Ping, former vice president of Baidu Research Institute, leaves to found AI company

On July 16, Li Ping, former vice president of Baidu Research Institute and director of Baidu Cognitive Computing Lab, resigned and founded AI Infra company vecml, where he serves as CEO. According to media reports, at the end of 2017, Li Ping joined Baidu US Research Institute as an outstanding scientist (T10) and became the head of Baidu Research Institute's Big Data Lab (BDL). In 2018, Li Ping was promoted to T11, and the Big Data Lab was renamed the Cognitive Computing Lab (CCL).

According to information, vecml, the company founded by Li Ping, is committed to building a lower-cost, more secure, and more accurate AI infrastructure for the next generation of big model applications. With the popularity of big models, many technical executives of Internet giants have chosen to start businesses in the field of Ai Infra, such as Lepton AI founded by former Alibaba Vice President Jia Yangqing, and former Byte Alibaba big model expert Yang Hongxia. (Shen Ma's circle of friends)

Which is bigger, 9.11 or 9.9? Multiple large models overturned in testing

Recently, we tested several large models on this question, but many large models, such as ByteDou, GPT4o, Kimi, Step Star, and Baichuan Intelligent Baixiaoying, all gave incorrect answers. In addition, when a user asked the large model how many r's there were in the word strawberry, many models also gave the wrong answer and said there were two.

Overseas News

Microsoft Windows Global Wide-Scale Blue Screen

On July 19, some of Microsoft's applications and services experienced access delays, incomplete functions, or inaccessibility issues, and "Microsoft Blue Screen" became a global trending search. This Microsoft Blue Screen had a huge impact on the world, affecting many countries and regions, and involving multiple industries such as aviation, medical care, media, finance, retail, and logistics.

The outage affected a variety of Microsoft 365 services, including Teams. Foreign media reported that the Microsoft cloud service outage even caused airlines to suspend flights. All flights of United Airlines, Delta Airlines and American Airlines implemented a global ground suspension order on the morning of July 19 local time. In addition, systems in many industries, including Fliggy, Universal Studios Japan Osaka, and McDonald's Japan, collapsed, with a wide impact.

On the afternoon of the 19th, there was news in the market that the cause of this large-scale Windows 10 blue screen of death failure was the security software company Crowdstrike. It is incredible that a very small file (experts said it was only enough to hold a web page image) actually caused the world's largest IT outage. The file named "C-00000291*.sys" was hidden in CrowdStrike's Falcon sensor security product update. The problematic file caused an error in Microsoft's Windows operating system, causing the computer to not work properly and triggering the "blue screen of death".

Salesforce cuts more jobs to streamline operations

Salesforce has cut about 300 jobs as part of an effort to streamline operations. The software giant made layoffs this month, according to a person familiar with the matter. The company confirmed in a statement that some positions had been cut but did not disclose specific details. (Bloomberg)

Bain Capital reportedly close to acquiring US financial software provider Envestnet

Related reports quoted people familiar with the matter as saying that Bain Capital is about to reach a deal to acquire Envestnet, a US financial software provider. The source said that if the negotiations are successfully completed, it may be announced as early as this week.

Open source unicorn GitLab will be sold

On July 17, according to an exclusive report by Reuters, GitLab, a US cloud software development tool provider, is considering a sale. The company's current market value is approximately US$8 billion (approximately RMB 58.243 billion), and its investors include Google's parent company Alphabet.

Negotiations between Google's parent company and Wiz are said to take another week to ten days and could break down

Google's parent company Alphabet is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, a person familiar with the matter said. The source said that Thomas Kurian, head of Google's cloud division, approached Wiz a few weeks ago. Since then, the negotiations have progressed rapidly and the two sides have reached a preliminary agreement on the acquisition price.

A person familiar with the matter said that such a large-scale transaction faces many obstacles that need to be resolved, but he did not specify what the obstacles are. The transaction negotiations may take another week to 10 days, and there is a 50% chance of collapse. (Interface)

76% of OpenAI's revenue comes from ChatGPT paying users and 15% from API

In June this year, Sam Altman said that OpenAI's annual recurring revenue has reached $3.4 billion. According to the latest research report and related data released by FutureSearch, 76% of it comes from ChatGPT paying users, and the API interface revenue for developers accounts for only about 15%.

ChatGPT Plus subscriptions are OpenAI's largest source of revenue, contributing 55% of total revenue, or about $1.9 billion. Data shows that there are 7.7 million ChatGPT Plus users worldwide, and each user pays a subscription fee of $20 per month. This large user base provides OpenAI with a stable cash flow.

The API interface service provides developers and enterprises with the ability to directly access its AI models, contributing 15% of the company's revenue, about US$510 million. (NetEase Technology)

OpenAI reportedly contacts chip designers such as Broadcom to discuss developing AI chips

According to foreign media reports, OpenAI is in contact with several chip designers, including Broadcom, to discuss the development of new AI chips. It is reported that OpenAI is exploring ways to manufacture AI chips on its own to overcome the shortage of expensive graphics cards it faces when developing models such as ChatGPT, GPT-4 and DALL-E3.

It is reported that OpenAI is recruiting former Google employees to develop its own AI server chips with their experience in developing Google Tensor processors. Bloomberg also reported that OpenAI plans to raise billions of dollars to build a factory network, and chip manufacturers Intel, TSMC and Samsung are potential partners. (Interface)

AI is "neglected" in Japan? Latest survey: More than 40% of Japanese companies have no plans to use it

Nearly a quarter of Japanese companies have already adopted artificial intelligence (AI) in their businesses, but more than 40% have no plans to use the cutting-edge technology, according to a new survey released on July 18. The survey, conducted by Nikkei Research, asked 506 companies a series of questions between July 3 and 12, with about 250 responding on condition of anonymity.

The survey showed that about 24% of respondents said they had already introduced artificial intelligence in their business, 35% said they planned to do so, and the remaining 41% had no such plans, indicating that Japanese companies have different levels of acceptance of technological innovation. (Cailianshe)

Mistral and NVIDIA jointly release enterprise-grade AI model

On July 19, NVIDIA and French startup Mistral AI released the Mistral-NeMo AI large language model, which has 12 billion parameters and a context window (the maximum number of tokens that the AI ​​model can process at one time) of 128,000 tokens. The Mistral-NeMo AI large model is mainly aimed at enterprise environments and implements artificial intelligence solutions without using a large amount of cloud resources.

Financing and M&A

Humanoid robot company Zhuji Power completes Series A financing

General humanoid robot startup Zhuji Power has completed its Series A financing, led by China Merchants Venture Capital and SAIC Group's private equity investment platform Shangqi Capital, with follow-up investments from old shareholders Frees Capital, Oasis Capital and Mingshi Capital. The amount of financing has not yet been disclosed. Previously, Alibaba also invested in Zhuji Power. Zhuji Power was founded in 2022. Its founder Zhang Wei is a tenured professor at the Southern University of Science and Technology. Zhuji Power's products include full-size humanoid robots, quadruped robots, bipedal robots and related solutions.

Hebbia Completes $130 Million Financing

AI startup Hebbia announced a new round of $130 million in financing, led by a16z, with participation from Index Ventures, Google Ventures and Peter Thiel. It is reported that Hebbia is currently valued at approximately $700 million. The company was founded in 2020 and its software can analyze digital documents and data sources, including regulatory documents, PDFs, and audio and video clips, to help customers handle more complex queries than consumer-oriented chatbots, similar to Glean.

Fei-Fei Li's AI startup World Labs is valued at over $1 billion

The Financial Times reported that the valuation of World Labs, founded by the famous Chinese-American computer scientist Fei-Fei Li, has exceeded $1 billion. The startup mainly uses human-like visual data processing technology to enable AI to have advanced reasoning capabilities. According to people familiar with the matter, since its establishment in April this year, World Labs has completed two rounds of financing, with investors including top technology investor Andreessen Horowitz and AI fund Radical Ventures. Its latest round of financing may reach about $100 million.

Policies & Trends

CAICT: my country's database market size exceeds 50 billion yuan

The Database Development Research Report (2024) shows that the global database market will exceed US$100 billion for the first time in 2023, reaching approximately US$101 billion. The Chinese database market will reach US$7.41 billion (approximately RMB 52.24 billion), accounting for 7.34% of the world. He Baohong, Chairman of the Internet and Application Technology Working Committee of the China Communications Standards Association, interpreted the report.

As of June 2024, there are a total of 518 database product providers in the world, with Chinese and American companies keeping pace with each other, at 167, accounting for 32.2% respectively.

From the perspective of the development cycle, the global database entered a period of vigorous development after the 21st century, with the number of new companies concentrated in 2010-2020, reaching a peak of development around 2020. Since 2022, the number of new companies has gradually decreased. my country's database industry began in the late 20th century and ushered in a prosperous development after 2013, which is consistent with the global development trend. Since 2022, the number of new companies has shown a downward trend, indicating that my country's database industry is changing from "quantity-oriented" to "quality-oriented".

In terms of talent scale, the number of technical personnel employed in database enterprises worldwide has exceeded 100,000, and one-fifth of the technical personnel in enterprises are in the range of 21-50. There are about 20,000 technical personnel employed in database enterprises in my country, with an average of about 200 employees. The scale of talent is expanding year by year, but the number of senior database kernel developers is less than one-tenth, and the number needs to be improved urgently.

IDC: China's financial industry distributed transactional database market size reaches US$220 million

The report "Market Share of Distributed Transactional Databases in China's Financial Industry, 2023" released by IDC shows that in 2023, the market size of distributed transactional databases in China's financial industry will be approximately US$220 million, a year-on-year increase of 12.1%. The market is accelerating due to multiple factors such as the intensification of Sino-US trade frictions, the gradual maturity of distributed database technology, and the increase in data security and compliance requirements. From the perspective of the market structure, in 2023, the distributed transactional database market in China's financial industry will still be dominated by leading manufacturers, and the overall proportion of leading manufacturers will further increase. The five leading manufacturers account for 86.9% of the overall market share, and the market space of mid- and tail-end manufacturers will be further squeezed.

IDC: The overall scale of China's intelligent computing service market will increase by 85.8% year-on-year in the second half of 2023

IDC's latest "China Intelligent Computing Service Market (2023 2nd Half) Tracking" report shows that the overall scale of China's intelligent computing service market will reach RMB 11.41 billion in the second half of 2023, a year-on-year increase of 85.8%. Among them, the market scale of intelligent computing integration services is RMB 3.60 billion, a year-on-year growth rate of 129.4%; the GenAI IaaS market will grow explosively from 0 to 1 in 2023, and the market scale will reach RMB 3.22 billion in the second half of the year; the Non-GenAI IaaS market will reach RMB 4.59 billion, maintaining growth at a relatively low growth rate.

China's government cloud market size reaches 79.45 billion

IDC recently released a series of studies on China's government cloud market share. The study pointed out that the overall market size of government cloud will be RMB 79.45 billion in 2023; the market size of government-specific cloud will reach RMB 55.76 billion, of which dedicated cloud infrastructure will be RMB 40.66 billion, a year-on-year increase of 16.6%; the market size of government public cloud will reach RMB 15.47 billion, of which public cloud infrastructure will be RMB 10.92 billion, a year-on-year increase of 18.2%; the market size of government cloud operation services will be RMB 8.22 billion, a year-on-year increase of 38.7%.