On November 16th, NetEase announced its financial report for the third quarter of 2023. In the third quarter of this year, the company achieved a net income of 27.3 billion yuan, and a net profit from continuing operations that was not attributable to the company's shareholders under generally accepted accounting standards was 8.6 billion yuan; The R&D investment is 4.3 billion yuan, with an intensity of 16%, continuing to lead the industry.
In the first three quarters of this year, NetEase's cumulative research and development investment has exceeded the 10 billion mark, exceeding 12 billion yuan. Recently, the first AI big model in the field of education and email services has been approved for filing. Among them, NetEase Youdao, the first major model in the education field, has supported the development of six native applications, including the world's first virtual human oral private education Hi Echo; The first large-scale model application in the email service field, "NetEase Email Intelligent Assistant," will provide intelligent functions such as AI proxy email writing, email summary, and polishing.
In addition, NetEase is also accelerating the application of AI technologies such as big models in the fields of entertainment, industry, and enterprise services. For example, the first unmanned loading robot developed based on NetEase's industrial model in China has served the intelligent concrete mixing station of the Shanghai Tongzhou Railway, with work efficiency close to that of a real person, and has been selected as one of the "Top Ten Typical Cases of Innovative Development of Chinese Internet Enterprises" released at the World Internet Conference.