The fourth model (06682) was nearly 4% higher. As of press release, it rose 3.83% to HK$38, with a turnover of HK$8.113 million.
The Zhitong Finance App learned that the fourth paradigm (06682) was nearly 4% higher after the results. As of press release, it had risen 3.83% to HK$38, with a turnover of HK$8.113 million.
According to the news, on November 19, Fourth Model announced core business progress for 2024 up to September 30. Revenue for the first three quarters of this year was RMB 3.218 billion, up 26.1% year on year; gross profit was RMB 1.35 billion, up 12.5% year on year.
According to reports, the company's core business, the Prophet AI platform business, grew significantly, with revenue of RMB 2.171 billion, an increase of 50.2% over the previous year. According to data reported by International Data Corporation (“IDC”), an authoritative international research organization, the fourth paradigm has been ranked first in the market share of machine learning platforms in China for six consecutive years.
The company continues to optimize many key capabilities such as AI Agent and GPU resource pooling in the Prophet AI platform, and has achieved end-to-end capacity supply in the computing power layer, platform layer, model layer, and application layer. Furthermore, through the “Prophet Inside Model”, it has efficiently created a matrix of more than 40 artificial intelligence products, greatly expanding the industrial ecosystem and application boundaries of artificial intelligence to empower thousands of industries.