Zhitong Finance App News, on March 26, Shangtang Group (00020), the world's leading artificial intelligence software company, announced its 2023 results announcement. As of December 31, 2023, the Group achieved total revenue of 3.406 billion yuan, and core business generative AI revenue increased 200% to 1,184 billion yuan, accounting for 35% of the Group's total revenue. The performance of Shangtang's “Ririxin” large model has been rapidly improved, and Wanka Wanshen's large model training capabilities have been achieved, and it has reached the leading level in the country in terms of base models, multi-modality, programming and tool call, million-word lossless context, and small terminal models.
Dr. Xu Li, Executive Chairman of the Board of Directors and CEO of Shangtang Group, said, “In 2023, Shangtang's generative AI business achieved rapid growth of 200% over the same period last year, accounting for more than 35% of total revenue. For Shangtang, generative AI is not only a transformative innovation in the field of technology, but has also become the company's core business. The growth of Shangtang's generative AI business has benefited from widespread demand for large-scale model training and reasoning in various industries, which heralds the official start of a new cycle of Chinese hard technology investment. By deeply integrating generative AI capabilities at all business levels, Shang Tang is winning new customers and driving overall improvements in efficiency and productivity.”