Hong Kong Stock Concept Tracking | Kimi sets off a competition for long-form text generation of domestic large models! The commercialization of AI applications continues to accelerate (with concept stocks)

According to Zhitong Finance APP, recently, the dark side of the moon announced that the Kimi intelligent assistant now supports over 2 million characters of ultra-long lossless context. This technological breakthrough has instantly made Kimi popular, sparking a large-scale long-text competition in the industry, with Alibaba, 360, and Baidu all urgently joining the long-text competition.

As a conversational artificial intelligence assistant, Kimi has functions such as rapid long-text processing, efficient online search, data processing, and translation. When it was launched in October 2023, Kimi supported approximately 200,000 Chinese characters of lossless context input, setting a record for consumer-grade AI product input length at that time.

The technological breakthrough and optimized user experience have propelled Kimi's intelligent assistant's visit volume to continue soaring. According to Similarweb data, Kimi's web version has had over 200,000 daily active users for several consecutive days, with a peak daily active users of 346,000, and a week-on-week growth of 45% in daily active users, continuously setting new highs.

The popularity of Kimi has also activated the entire domestic large model market. On March 23, 360 Brain announced the official internal testing of a 5 million-character long-text processing function, which will soon be available on the 360 AI browser, and the 360 AI browser App will also be launched soon.

On the evening of March 22, Alibaba's Tongyi Qianwen announced the free opening of a 10 million-character long document processing function to everyone, becoming the world's number one AI application in terms of document processing capacity. At the same time, Baidu's Wenxin Yiyi will upgrade next month and also open up long-text capabilities, with the text range ranging from 2 million to 5 million.

According to incomplete statistics, as of 2023, China has launched more than 130 general large models, and if various industry large models are included, the number reaches thousands. Describing the current industry situation as a "battle of a thousand models" is not an exaggeration.

A report released by the China Industry Research Institute shows that the market size of China's large model industry has grown from 1.5 billion yuan in 2020 to 7 billion yuan in 2022, with a compound annual growth rate of 116.02%, reaching approximately 14.7 billion yuan in 2023. The institution predicts that by 2024, the scale of China's large model industry will reach 21.6 billion yuan.

With its outstanding performance in long-text processing, industry insiders believe that Kimi may become a hit C-end AI application in China in a very short period of time. Fang Guangzhao, Chief Analyst of Open Source Securities, believes that the continuous breakthroughs and subsequent commercialization of domestic and foreign AI multimodal large models may significantly reduce production costs for advertisements, courseware, short films, animations, series, movies, etc., improve IP development, advertising marketing, and teaching efficiency, expand commercialization space, and suggests continuing to layout AI applications in film and television, education, marketing, and other AI fields.

Open Source Securities believes that the significant growth in Kimi's user base exceeds expectations. With the continuous upgrading of various large model long-text analysis capabilities, the continuous increase in user base, and the development trend from single modality to multimodality, the demand for AI computing power is expected to remain highly prosperous, and it is recommended to continue to focus on AI application and computing power opportunities Related Concept Stocks:

Baidu Group-SW(09888): Currently, Wenxin Yiyuan is preparing for a version update. Next month, Wenxin Yiyuan will undergo a version upgrade, opening up the ability to handle long texts ranging from 2 to 5 million words. Currently, the text limit of Wenxin Yiyuan is roughly around 28,000 words.

Alibaba Group-SW(09988): On the evening of March 22nd, Alibaba Tongyi Qianwen announced the free opening of a long document processing function of 10 million words to everyone, becoming the world's number one AI application in document processing capacity.

Ningmeng Films and Television (09857): Ningmeng Films and Television released a profit announcement, expecting to achieve a net profit of approximately RMB 208 million to RMB 218 million for the year ending December 31, 2023, compared to a net loss of approximately RMB 732 million in the same period last year. This is mainly due to the increase in the number of episodes of copyrighted dramas broadcast during the year, the effective budget management, cost control, continued high-speed growth of overseas business, and substantial revenue and profit contribution from the rapid expansion of short drama business.

Weimob Group (02013): On March 6th, Weimob Group announced a strategic investment and acquisition of Banfan Technology to layout the short drama track. In May 2023, Weimob will release Weimob WAI, an AI application product based on large models.

Yuewen Group (00772): Yuewen Group has officially entered the high-quality short drama market, launching the "Short Drama Star River Incubation Plan" with three major initiatives: launching a hundred IP cultivation plan, a billion-yuan creation fund support, and exploring interactive short dramas. Currently, several short dramas have already exceeded tens of millions of views. In July last year, Yuewen Group released the first domestic online literature large model "Yuewen Miaobi" and the application product "Writer Assistant Miaobi Edition" based on this large model