CITIC Construction Investment: Intensive updates on multimodal products, focusing on the progress of WWDC and ByteDance Volcano Conference
CITIC Construction Investment stated that there has been a recent intensive update on multimodal dynamics. On May 21, Google officially launched the Veo 3 video generation model at the 2025 I/O conference, achieving AI video and audio synchronization; on May 23, Doubao officially launched its video call feature, supporting real-time video communication and screen sharing; on June 6, KUAISHOU announced that its AI ARR would exceed USD 100 million by March 2025, with monthly payments in April and May both surpassing RMB 100 million. Considering that Apple's WWDC 2025 will be held on June 10 and ByteDance's Force 2025 Spring Conference on June 11, multimodal models and edge AI products are expected to accelerate their implementation