Babbitt | Metaverse daily must-reads: 28 AI companies collectively went to Hong Kong for IPO, with dismal performance and operating losses. Is this the starting point for the second half of AI, or is it a sign of the peak of capital hype?

Image source: Generated by Unbounded AI tool

Abstract: At present, there are a total of 106 companies waiting for IPO in the Hong Kong Stock Exchange through hearings, of which 28 companies are involved in AI artificial intelligence or digitalization, accounting for 26%. Among these 28 companies, 18 have a net profit loss as of 2022, and 8 have achieved a slight profit.

The performance is bleak, but it is eager to go public. Will this be their final window into the second half of the AI wars? Or is it a sign that the hype of AI in the capital market has reached a new stage?

Hot info:

Microsoft announces pricing for Office 365 Copilot at $30 per user per month

According to news from Jinshi on July 18, Microsoft said that Office 365 Copilot will charge a service fee of $30 per user per month on top of the price most enterprise customers have already paid. Copilot will offer subscription plans, currently ranging in price from $12.50 to $57 per user per month. The pricing announced today reflects strong demand from businesses for AI products and the cost of running them.

Meta released the Llama 2 model and cooperated with Microsoft and Qualcomm

According to a report by the Financial Associated Press on July 19, after half a year, Meta AI released the latest generation of open source large model Llama 2 on Tuesday. Compared with Llama 1 released in February this year, the token used for training has doubled to 2 trillion. At the same time, Llama 2 has also doubled the most important context length limit for using large models. Llama 2 includes models with 7 billion, 13 billion, and 70 billion parameters. Meta revealed that developers can use cloud services based on the Llama 2 model, and the partner behind it is Microsoft's cloud service Azure. In addition, Llama 2 will be able to run on Qualcomm chips, breaking the monopoly of Nvidia and AMD processors on the AI industry in the market.

OpenAI spends $5 million to partner with news organizations to promote the adoption of AI technology in the news industry

According to a report by Sina Technology on July 19, OpenAI has reached a cooperation with the American Journalism Project (AJP) and will provide $5 million to support AJP. In addition to the above commitments, OpenAI also provides AJP and other related non-profit organizations with a credit line of up to US$5 million, which can be used for ChatGPT technology. These "aids" will be used to help news sites use OpenAI technology to promote pilots and experiments related to AI applications. "Through the partnership, our goal is to use AI to enhance journalism, not threaten it," said AJP CEO Sarabeth Berman.

Bank of America raises Nvidia target price, analysts believe AI infrastructure investment is still in the early stages

According to the "Technology Board Daily" report on July 19, on Tuesday local time, Bank of America analyst Vivek Arya reiterated his "buy" rating on Nvidia and raised his target price from $500 to $550. It said that the cloud industry and corporate spending on AI are driving up the demand for Nvidia chips. Currently, Nvidia has a market share of about 75% in the advanced AI chip market. Arya pointed out that AI infrastructure investment is still in the early stages, and only 10% of cloud servers are equipped with chips suitable for accelerating AI projects, which is optimistic about future demand from data centers.

Chang Jia, Founder of Unbounded AI: In the field of AI generation, more opportunities for domestic startups will appear at the application layer

Babbitt News, recently, Chang Jia, the founder of Unbounded AI, said in an interview with All Weather Technology that in the field of AI generation, more opportunities for domestic startups will appear in the application layer. The industry model may be the battleground of AIGC in the second half of the year, and it is difficult for a single general model to become a unified solution for vertical industries.

In addition, regarding the current poor financing situation in the field of AI painting, Chang Jia said, "In the first half of this year, investors' attention was mainly on the big language model. Investors are still inclined to the technology-driven wave. Invest in companies whose underlying logic is driven by technology. For projects that are partial to the application layer, investors pay more attention to "Which big customers do you have? How to make a profit? What about financial data? "These are practical questions. But at this stage, most AIGC application layer companies are still in the expansion period, and the revenue data is definitely not so good. By the second half of this year, everyone's situation should improve, and the financing situation will also improve. .”

Ministry of Industry and Information Technology: A policy document to guide the high-quality development of computing power infrastructure will be issued

According to a report by the Financial Associated Press on July 19, Zhao Zhiguo, a spokesman for the Ministry of Industry and Information Technology, said at a press conference today that he will focus on the following three aspects to further accelerate the high-quality development of my country's computing power. The first is to continue to promote the construction of computing power infrastructure. Issue policy documents to guide the high-quality development of computing power infrastructure. The second is to focus on promoting key core technology research and industrial upgrading. The third is to stimulate the empowerment value of computing power application. To meet the needs of emerging fields such as artificial intelligence and big data, strengthen computing power support and continue to empower technological innovation.

Meituan becomes a shareholder of Zhipu AI, a Chinese cognitive large-scale model company

According to a report by Flush Finance on July 19, the Tianyancha App shows that recently, Beijing Zhipu Huazhang Technology Co., Ltd., an affiliated company of Zhipu AI, a Chinese cognitive large-scale model platform, has undergone an industrial and commercial change, and the shareholder has added Tianjin Sankuai Technology Co., Ltd. under Meituan. , the registered capital increased from about 14.8069 million yuan to about 16.5286 million yuan.

Metaverse recommended reading:

"Behind the IPO of AI companies collectively in Hong Kong: general losses, seize the industry's trendy period"

At present, there are a total of 106 companies queuing up for IPO on the Hong Kong Stock Exchange through hearings, of which 28 companies are involved in AI artificial intelligence or digitalization, accounting for 26%. Among these 28 companies, 18 have a net profit loss as of 2022, 8 have achieved a small profit, with a net profit of less than 100 million yuan, and 2 have a net profit of more than 1 billion yuan. The whole is showing a general loss state.

** "Another way to make money! Storybird.ai generates exquisite illustrations and picture books in one sentence, and can also publish books"**

Storybird.ai is an illustration story generation artifact, which improves storytelling through the cooperation of humans and AI. Users only need to input a sentence to generate a story picture book. Even better, the resulting picture books can be published on Amazon.com for sale. At present, AI products are gradually landing, and some new product forms have been formed in many industries.

"Dialogue with Liang Jianzhang: Vertical large-scale models are more complex than AI poetry, and the tourism industry still needs manual intervention"

In the view of Liang Jianzhang, the founder of Ctrip, the AI revolution triggered by the large model is a kind of "moment of evolution". AI has had a real impact on human self-knowledge, and this is the moment for human cognition to iterate."

** "AI Super Realistic Restoration! Li Bai, Guan Yu, Van Gogh, nine emperors of the Song Dynasty...》**

"Thirty Thousand Miles of Chang'an" hits theaters, and the "ups and downs" life stories of Li Bai and other poets are embarrassing. Their literary talents and ambitions are like lighthouses that light up the long night of history. Have you ever wondered what they look like? This article uses the magical power of AI to take readers into the long river of history, and restore the true appearance of literati, emperors, famous characters and world-famous paintings of all dynasties.

** "AI was besieged by nearly 10,000 writers, how will the copyright war shape the direction of the AI industry?" "**

On Tuesday, 8,500 writers in the United States demanded compensation from artificial intelligence companies for the loss of their copyrights in a joint letter. The co-authors include Pulitzer Prize-winning novelists Jennifer Egan, Michael Chabon and Louise Erdrich, among others. Artificial intelligence, which has received billions of dollars in development funding, should now be compensated for the use of works, they say. In this regard, OpenAI, Microsoft, Meta, etc. have all kept silent on copyright issues, and no company wants to be the first bird.