Chinese AI Firm 4Paradigm Reports Loss of $24 Million in H1 2024
Chinese AI Firm 4Paradigm Reports Loss of $24 Million in H1 2024
TMTPOST--Hong Kong-listed AI firm 4Paradigm recorded an adjusted net loss of 169 million yuan ($24 million), narrowing from a net loss margin of 12% last year to 9% this year, according to its unaudited consolidated financial results for the first half of fiscal year 2024 released on Thursday.
TMTPost——根据周四公布的2024财年上半年未经审计的合并财务业绩,香港上市的人工智能公司4Paradigm的调整后净亏损为1.69亿元人民币(合2400万美元),从去年的12%的净亏损缩小至今年的9%。
The company generated revenues of 1.867 billion yuan (US$ 260 million) in the first half of 2024, marking a 27.1% year-on-year increase. The company recorded a gross profit of 790 million yuan, a 12.1% rise compared to the same period last year.
该公司在2024年上半年创造了18.67元人民币(合26000万美元)的收入,同比增长27.1%。该公司的毛利润为79000万元人民币,与去年同期相比增长了12.1%。
The company's core business, the Sage AI Platform, contributed 1.251 billion yuan in revenue, a robust 65.4% increase year-on-year, accounting for 67% of the group's total revenue.
该公司的核心业务Sage人工智能平台贡献了12.51元人民币的收入,同比强劲增长65.4%,占集团总收入的67%。
During the reporting period, the company's industry-specific large models achieved scaled applications across 14 sectors, driving the productization of AI technologies and creating a matrix-style AI product ecosystem.
在报告期内,该公司的特定行业大型模型在14个领域实现了大规模应用,推动了人工智能技术的产品化,并创建了矩阵式的人工智能产品生态系统。
In the first half of the year, 4Paradigm launched over 30 AI products, covering more than 20 industries with diverse application scenarios.
上半年,4Paradigm推出了30多款人工智能产品,涵盖了20多个具有不同应用场景的行业。
Dai Wenyuan, the chairman, founder, and CEO of 4Paradigm, highlighted the company's strategy of "AI technology productization" by leveraging the capabilities of the Sage AI platform. The "Sage Inside" model facilitated the delivery of high-quality AI products, expanding the boundaries of AI applications and building an industry ecosystem.
4Paradigm董事长、创始人兼首席执行官戴文远强调了该公司利用Sage人工智能平台的能力实现 “人工智能技术产品化” 的战略。“Sage Inside” 模式促进了高质量人工智能产品的交付,扩大了人工智能应用的边界,并建立了行业生态系统。
Dai emphasized that the company's focus on enhancing core competitiveness and scaling industry-specific large models is a crucial driver for the ongoing penetration of AI across various sectors.
戴强调,该公司专注于增强核心竞争力和扩展特定行业的大型模型,这是人工智能在各个领域持续渗透的关键驱动力。
Additionally, 4Paradigm has significantly increased its financial investments. In the first half of this year alone, the company held financial assets of 1.022 billion yuan, including non-listed shares and listed investments.
此外,4Paradigm大幅增加了其金融投资。仅在今年上半年,该公司就持有10.22元人民币的金融资产,包括非上市股票和上市投资。
The company's heavy reliance on financial investments introduces a degree of risk and raises questions about whether future profitability will be driven by AI technologies or financial returns. Despite these concerns, 4Paradigm remains poised for growth, with potential to achieve profitability in the coming years.
该公司对金融投资的严重依赖会带来一定程度的风险,并引发了人们对未来盈利能力是由人工智能技术还是财务回报推动的质疑。尽管存在这些担忧,但4Paradigm仍为增长做好了准备,并有可能在未来几年实现盈利。