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Beijing Vastdata Technology announced an expected loss in the first half of 2024 based on massive data analysis.
Beijing Vastdata Technology (603138.SH): expected to have a pre-loss of approximately 25 million yuan in the first half of the year.
On July 9th, GeLongHui reported that Beijing Vastdata Technology (603138.SH) expects to report a net income loss of around -25 million yuan for the first half of 2024 to its shareholders. The net income, which deducts non-recurring gains and losses, is expected to be around -31.1 million yuan.
Beijing Kingsoft Office Software, Inc released WPS AI 2.0 at WAIC, adding four AI office assistants for personal users.
On the morning of July 6th, during the 2024 World Artificial Intelligence Conference, Beijing Kingsoft Office Software, Inc. released WPS AI 2.0, which includes applications such as WPS AI Office Assistant and WPS AI Government Edition, and also launched a self-developed government model - Kingsoft Government Office Model 1.0. CEO Zhang Qingyuan of Beijing Kingsoft Office Software, Inc. stated on the scene that the company is upgrading its AI global strategy and officially releasing WPS AI 2.0, which will help users and customers improve their productivity through innovative applications in personal, enterprise and government versions. WPS AI is an artificial intelligence based on large language models owned by Beijing Kingsoft Office Software, Inc.
Beijing Vastdata Technology (603138.SH): Shareholder and actual controller have cumulatively reduced their shareholding by 2%.
Beijing Vastdata Technology (603138.SH) announced that as of the disclosure date of this announcement, the company's controlling shareholder and actual controller Mr. Chen Zhimin reduced the company's shares by 5,889,014 through block trading, with the cumulative reduction ratio accounting for 2.00% of the company's current total share capital. On July 5, 2024, the company received a notice from the controlling shareholder and actual controller Mr. Chen Zhimin informing the completion of the shareholding reduction plan of Vastdata Technology, and Mr. Chen completed the disclosed shareholding reduction plan on July 5, 2024.
Microsoft, Google and Meta bet on synthetic data to build AI models
Every clever response from chatbots is supported by massive amounts of data — in some cases trillions of words need to be extracted from articles, books, and online reviews to teach artificial intelligence systems to understand users' queries. The industry's traditional view is that creating the next generation of artificial intelligence products will require more and more information. However, there is a big problem with this plan: the quality data that can be provided on the internet is limited. To get this data, the common practice of artificial intelligence companies is to either pay publishers millions of dollars to license content or download data from websites and expose themselves
Massive data (603138.SH): net loss of 81.1827 million yuan in 2023
Gelonghui, April 18 | Massive Data (603138.SH) released its 2023 annual report. During the reporting period, it achieved operating income of 262 million yuan, a year-on-year decrease of 13.57%; net profit attributable to shareholders of listed companies - 81.1827 million yuan; and basic earnings per share - 0.29 yuan.
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