Generative AI presents "Super Wednesday" as technology vendors and regulators each present their trump cards
On December 6th, several technology giants including Google, AMD, and Meta released generative AI related products, marking the "Super Wednesday" of artificial intelligence. Early on the 7th local time, Google rose nearly 3% before the US stock market.
The general model Gemini launched by Google can handle different forms of information such as video, audio, and text. Compared to previous versions, Gemini can perform more complex reasoning and achieve more detailed information understanding.
At the same time, European regulatory agencies have been negotiating for more than ten hours on a rule on how to regulate generative AI, and are expected to finalize a satisfactory agreement for all parties.
Comment: Zhou Zhengang, Vice President of IDC China, believes that intelligent computing power will create the power of AI, and generative AI is becoming the development direction of artificial intelligence, while big models are also driving changes in the paradigm of underlying computing services. The organizational model of IT infrastructure will transition from cloud computing to intelligent computing, and the new intelligent computing capability platform will form the foundation of future artificial intelligence.
JD and Noah have a dispute over the Chengxing case
On December 4th, JD released a statement on Weibo's "JD spokesperson" regarding Noah Wealth's malicious prosecution of JD, misleading investors and the public.
JD.com stated that recently, the "Chengxing case" has attracted widespread media and public attention. JD, as an uninformed victim, was involved in a four-year malicious lawsuit, causing significant damage to the company's reputation and rights.
JD claimed that in the process of contract fraud in the Chengxing system, Chengxing companies easily deceived Noah Wealth, known as the "global comprehensive financial platform," and its Gefei assets by using fake JD official seals, fake JD employees, fake JD systems, and false transaction data, and obtained huge financing from Gefei until it exploded. Faced with more than two years of ongoing fraud, Gefei Asset's due diligence work has shown obvious deficiencies, and there are huge loopholes in investment and financing management. Executive Fang Jianhua accepted a huge bribe from Chengxing (which has been sentenced in the first trial), causing significant losses to investors and failing to fulfill corresponding responsibilities and obligations to investors.
Subsequently, Gefei Asset issued a statement stating that it had taken note of JD Group's statement regarding the company on December 4, 2023. The "Chengxing 618" case occurred in June 2019, and Shanghai Gefei, as the plaintiff, filed a civil lawsuit against the defendants such as Chengxing and JD in July 2019. The court accepted and filed the case in 2019. Gefei Asset stated that the case occurred four years ago and was recently heard in court. At this critical moment in the judicial trial, it expressed confusion about JD Group's sudden emotional statement.
Comment: The case has multiple bizarre details. During the due diligence investigation at Noah, Chengxing Group Company engaged in activities such as sending employees to pretend to be employees of JD, intercepting deliveries, modifying settlement statements, and impersonating JD Online Banking Co., Ltd. First Financial has learned that currently there is only a first instance verdict in the Chengxing case, and the second instance has not yet been heard.
OPPO sues Nokia Chongqing Court for judgment on patent usage fee dispute
Recently, the First Intermediate People's Court of Chongqing made a first instance judgment on the OPPO v. Nokia Standard Essential Patent (SEP) usage fee dispute case. In 2021, Nokia and OPPO did not reach an agreement on a new 5G patent licensing agreement, and since July of that year, the two sides have been embroiled in patent disputes in many parts of the world. Patent fees are a major focus of dispute between both parties. Nokia believes that the quotation is fair and reasonable, while OPPO believes that the license fee is unreasonable. Affected by the lawsuit, there were previously rumors of OPPO withdrawing from Germany and the UK. Coincidentally, vivo has also been embroiled in a patent dispute with Nokia, and its products were taken down from the German official website in the middle of this year.
Comment: In the field of communication, mobile phone manufacturers find it difficult to avoid SEP. The SEP charging model is based on the whole machine rather than the parts, and the controversial point is usually on patent usage fees. In recent years, SEP lawsuits have been launched in many parts of the world. As the growth of the mobile phone market slows down or even declines, the pressure on mobile phone pricing has increased. Manufacturers hope that patent fees will not squeeze mobile phone profits. Domestic manufacturers are also enhancing their voice in the 5G field. According to data from the China Academy of Information and Communications Technology, among the industry entities that have made necessary patent declarations for 5G standards, the top five patent families are Huawei, Qualcomm, Samsung, ZTE, and LG.
After the CEO was arrested, Douyu handed over his Q3 transcript
After the CEO's arrest for gambling, Douyu released its first financial report. In terms of performance, the cost reduction and efficiency increase strategy implemented by Douyu in the past two years has been effective. Douyu turned around its losses in the third quarter of this year year-on-year, with a net profit of 76.4 million yuan and a net loss of 6.6 million yuan in the same period last year; But at the same time, its revenue decreased by 24.4% year-on-year to 1.359 billion yuan. The monthly active users and paying users of Douyu Mobile are both decreasing. In the third quarter, its monthly active users were 51.7 million, compared to 57.1 million in the same period of 2022. In the third quarter, Douyu's paying users were 3.9 million, a decrease of 1.7 million compared to 5.6 million in 2022.
At the conference call, regarding the issue of internal regulatory measures, the management responded that they are continuously strengthening compliance and standardizing operations. In this quarter, various measures have been implemented for some platform managers to solve issues such as transactions and game props.
Comment: Although Douyu's costs and expenses have decreased in the past two years, achieving a turnaround from losses to profits, overall in terms of financial reports, its revenue decline and user decline are still worrying trends. In particular, with the continuous layout of live games on platforms such as Tiktok, Kwai and Station B, vertical live game platforms such as Douyu are facing greater operational pressure, and the head anchors are losing.
The Ministry of Industry and Information Technology responds that 2G/3G will be taken offline: it is an inevitable choice
The Ministry of Industry and Information Technology recently pointed out on its official platform in response to netizens' suggestions on "National Basic Communication Technology" that 2G/3G network withdrawal is an inevitable choice for the upgrading of mobile communication networks, and it is also the main international practice at present.
Recently, small American operators UScelllar and Cellcom have set a date to shut down their aging mobile networks. This is also a continuation of Verizon, AT& After major American operators such as T and T-Mobile shut down some of their 3G networks, the latest operator to announce the withdrawal of 3G networks.
Comment: It can be seen that the exit of 2G and 3G from the historical stage is a definite thing. Liao Yunfa, President of the East China Branch of the China Academy of Information and Communications Technology, believes that there are two main groups that are still loyal users of 2G and 3G networks. Part of them are middle-aged and elderly people who are unwilling to replace their mobile terminals and special groups who only retain phone functions, while the other part is terminal devices that use 2G Internet of Things. The main reason for using it is due to personal preferences, as well as considerations of cost expenditures and other uncertainties associated with upgrading and upgrading IoT devices.
Intel's OEM revenue ranks in the top ten globally
Market research firm Trend Force recently released the latest survey data on global wafer foundry revenue for the third quarter of 2023, showing that compared to the second quarter, TSMC, Samsung, and Gexin still hold the top three market revenue positions. Intel's IFS foundry business ranked first in quarterly growth, and this business has entered the top ten global wafer foundry revenue rankings for the first time since Intel's financial spin off.
Comment: Although Intel's OEM Services division still suffered an operating loss of $86 million in the third quarter, its revenue was $311 million, a year-on-year increase of 299%. Jibang Consulting pointed out that Intel's IFS business has benefited from seasonal factors in laptop procurement in the second half of the year, combined with its own advanced advanced manufacturing processes. These factors are also the reasons why Intel's IFS business revenue ranks in the top ten. The current recovery of the consumer market has begun to be reflected in the revenue of Intel's OEM business.
12 group standards including personal information protection requirements and evaluation methods for intelligent TV operating systems have been released
On December 6th, 2023, at the China Audio and Video Industry Conference, the China Electronics and Video Industry Association, together with Skyworth, Kukai, Hisense, TCL, Changhong, Konka, Haier, Xiahua, Yifang, Hongmo Cube, Ju Guan, and Zhongjiayuan (Beijing) Testing and Certification Co., Ltd., jointly released 12 team standards, including personal information protection requirements and evaluation methods for smart TV operating systems.
Comment: This is the first time in China that a series of group standards for personal information protection of smart TVs have been issued. In response to the pain points of smart TVs and in combination with relevant national requirements for personal information protection, multiple manufacturers have discussed and verified to ensure feasibility and effectiveness. The 12 series of standards complement each other and will comprehensively protect the personal information security of smart TVs. At present, the above-mentioned group standards mainly rely on corporate self-discipline for implementation, and it is regrettable that some color TV companies such as Xiaomi did not participate in the formulation of this standard.
The market size of China's autonomous driving heavy-duty trucks is expected to reach 100000 vehicles by 2023
On December 8, Zhijia Technology officially delivered the first batch of JAC K7+equipped with its auto drive system Zhijia Pilot to Anneng Logistics. These vehicles will be put into the operation route from Wuhan transfer center to Shanghai, Quanzhou and Tianjin, connecting the central, Beijing Tianjin Hebei, Yangtze River Delta and Haixi economic circle. This is the first time in the field of less than truckload logistics that autonomous heavy trucks have been launched, and it is also another commercial landing case after Zhijia Technology delivered to Zhongtong Express.
According to data released by Shangpu Consulting Group, the market size of self driving heavy-duty trucks in China is expected to reach 100000 vehicles in 2023, a year-on-year increase of 50%, accounting for 11% of the entire heavy-duty truck market. Among them, L3 level autonomous heavy trucks will dominate, accounting for about 80%; L4 level autonomous heavy-duty trucks will gradually expand their market share, accounting for about 20%; The L5 level autonomous heavy trucks are still in the experimental stage and have a relatively small market size.
Comment: Due to the relatively closed and simple scene, autonomous heavy-duty trucks have been regarded by capital as a shortcut to the implementation of autonomous driving technology. Multiple enterprises have entered the field of autonomous driving trucks without hesitation, achieving a significant increase in market size. With the continuous improvement of autonomous driving technology, truck manufacturers and technology companies have significantly increased the technological maturity of autonomous driving trucks, and the commercialization process of autonomous driving truck manufacturers will also accelerate.
Venture Capital Vanguard
According to Tianyancha information, there were a total of 80 investment and financing events this week; From the industry distribution of financing events, production manufacturing, artificial intelligence, and advanced manufacturing ranked among the top, with 25, 11, and 10 events respectively; From the distribution of financing events, angel round, A-round, and Pre-A round are among the top, with 22, 11, and 10 events distributed; From the perspective of the number of times investment and financing institutions have taken action, investment institutions are becoming increasingly diversified, with Chinese Academy of Sciences Venture Capital and Nanjing Innovation Investment Group both on the list.
Among them, there were a total of 8 financing events in the medical and health industry this week; From the perspective of rounds, angel rounds and A rounds are the main ones, with 3 and 2 financing events respectively; In terms of financing amount, Dakang Medical and Rongcan Biotechnology have financing amounts exceeding 100 million yuan, while Hiskar has financing amounts of nearly 100 million yuan; From the perspective of investment institutions, industrial capital such as Yuexiu Industrial Fund, Chende Capital, and VC have all invested.
There were a total of 11 financing events in the artificial intelligence industry this week; From the perspective of rounds, there were 6 and 2 financing events in Angel Round and Pre-B Round, respectively; From the perspective of investment institutions, Hillhouse Venture Capital and Zhongke Chuangxing have a record of making moves, and well-known individual investor Wang Huiwen has once again appeared on the list of investors in "Silicon Dynamic Technology".
A total of 10 financing events have occurred in the advanced manufacturing industry; From the perspective of rounds, angel rounds are the main ones with 5 financing events; In terms of financing amount, Hangjing Innovation, Endless Watt, and Luxin New Materials have financing amounts exceeding 100 million yuan; From the perspective of investment institutions, Yizhuang Guotou and Nanjing Innovation Investment Group have all made efforts.