As the number of Kimi users continues to increase, there has been a brief lack of computing power support. Considering subsequent model training and inference requirements, computing power requirements are expected to increase further.
The Zhitong Finance App learned that CITIC Construction Investment released a research report saying that Kimi's public account announced that it will test 2 million character long text capabilities, which is expected to solve more complex application scenarios. In the future, Kimi may become a popular domestic C-side AI application with excellent performance in a very short period of time. As closed testing progresses gradually, more and more complex application scenarios are expected to be implemented, and AI applications will welcome good development opportunities. As the number of Kimi users continues to increase, there has been a brief lack of computing power support. Considering subsequent model training and inference requirements, it is expected that the computing power demand will increase further, driving the computing power demand to be implemented.
Incident: On March 18, the official account of Dark Side of the Moon revealed that Kimi Smart Assistant will launch a 2 million word lossless contextual closed beta, and more Kimi smart assistants will be opened in the future for users to experience extremely long and context-free capabilities.
CITIC Construction Investment reviews are as follows:
It supports a tenfold increase in the maximum text volume, which is expected to solve more complex tasks and promote the further implementation of AI application scenarios.
Kimi's smart assistant debuted in October 2023. With 200,000 Chinese characters, it helps users to quickly translate and understand academic papers, quickly get started with API development documents, and batch organize invoices at once. It can actively search and integrate the most relevant pages on the Internet based on user questions to generate refined answers, greatly saving time for search engines to check data. Starting a 2 million word closed beta this time, Kimi is expected to become a junior expert in related industries and achieve rapid learning in new fields based on the massive amount of material uploaded within 10 minutes. At the same time, a larger amount of text can broaden usage scenarios, such as quick screening of large numbers of resumes, quick sorting of complex source codes, and quick search for specific information in books. With the introduction of the 2 million word limit closed beta, users are expected to enter longer text during use and explore more large models and AI application scenarios.
Active users continue to increase, and demand for computing power is further expanding.
According to Similarweb's data, the number of daily active users of Kimi's web version has now exceeded 200,000 for several days, with a peak of 346,000 daily active users. Weekly active data has increased by 45% month-on-month and continues to reach new highs. As the number of active users increases at an accelerated pace, Kimi users may experience intermittent downtime during use, reflecting that the computing power requirements brought about by their extremely long text input cannot be fully met. In the future, Kimi is expected to use technology and experience to continue to increase the number of active users, superimpose the launch of longer text input capabilities, and further increase its underlying computing power requirements.
Currently, domestic demand for computing power continues to be hot, and the supply side is relatively scarce. The computing power sector is expected to usher in good development opportunities.
Investment advice: Kimi's official account announced that it will test the 2 million word long text capability. Longer text input is expected to solve more complex application scenarios. In the future, Kimi may become a popular C-side AI application in China through excellent performance in long texts in a very short period of time. As closed testing progresses gradually, more and more complex application scenarios are expected to be implemented, and AI applications will usher in good development opportunities. As the number of Kimi users and visits continues to increase, there is already a situation where computing power support is insufficient for a short period of time. Considering the increase in subsequent model training and inference requirements, it is expected that computing power requirements will further increase, further driving the implementation of computing power requirements.
It is recommended to focus on the following directions: 1) AI application sector, focusing on applications involving long text processing, such as legal text, contract text, knowledge base learning, reading, customer service, etc. It is recommended to focus on: Jinshan Office (688111.SH), Foxit Software (688095.SH), Wanxing Technology (300624.SZ), etc.; 2) The computing power industry chain. It is expected that with the development of the AI industry, computing power will still be in a state where demand exceeds supply in the short term. It is recommended to focus on: Zhongke Shuguang (603019.SH), Wave Information ( 000977.SZ), Shenzhou Digital (000034.SZ), Softcom Power (301236.SZ), etc.