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Yuntianlifei: AI Start-Up Waves Taosha Opens A-Share Listing Road

2020/11/24 11:24:00 0

TaoliATianlang

Editor's note

From November 17, a series of reports on the growth of Guangdong and Macao enterprises was launched. The series of reports were jointly planned and implemented by the headquarters of Guangdong Hong Kong Macao big bay district of China Central Radio and television, the center of Guangdong Hong Kong Macao big bay area and the southern finance and economics Omnimedia group.

This series of reports focuses on the high growth enterprises in Guangdong, Hong Kong and Macao. Through in-depth first-line interviews and field research, we try to present the group stories of "Gazelle" enterprises active in the strategic emerging industries in Dawan District, excavate the explorations, discoveries and efforts of Dawan entrepreneurs in their respective industries, as well as their struggle, choice and thinking.

Today, issue 6, we will focus on the AI industry. In recent years, the concept of AI is hot, and there are only one direction of computer vision. At present, there are nearly 10000 existing enterprises. Yuntian lifeI, which is currently in the process of IPO, is undoubtedly one of the benchmarks. How is its business model chosen? What are the unique features? Gazelle report team for your in-depth analysis. (Cao Jinliang)

The evolution of artificial intelligence industry is accompanied by the story of science and technology gazelle. In 2020, the situation of AI new players competing for hegemony has entered a new stage. AI enterprises such as yuntianlifei, Cambrian, Yitu and Yuncong have already started their own new journey.

In 2020, Yuntian lifeI has completed more than 2 billion yuan of financing in half a year. In addition, Yuntian lifeI has entered the IPO guidance period and will soon land in the capital market. However, it is only six years since Chen Ning founded Yuntian lifeI. In 2014, the company has built three platforms of racetrack technology, namely, matrix AI, matrix AI, and Chen Tianfei.

Chen Ning, chairman and CEO of Yuntian lifeI, recalled to all media reporters of Nanfang finance and Economics: "it is the general trend to start a business in Shenzhen on the one hand. Our early team members worked in various technology giants, and we really saw that the leading enterprises in the United States began to pay close attention to deep learning and invested a lot of hardware to train deep learning algorithms. In 2012 and 2013, they were in the fields of speech recognition and complex computing It has demonstrated an unprecedented technological breakthrough. "

At the same time, China has invested more than one trillion yuan in the construction of smart cities in the past 10 years. "To be more accurate, it is the base for building an information-based city. This base has been relatively sound and urgently needs intelligent transformation. In fact, it provides a very good industrial foundation for the landing and outbreak of artificial intelligence in China. When we see such an opportunity, we can't hesitate to adapt to this trend and return to China to start a business. " Chen Ning said. "Catfish" in security sector

Around 2014, AI's in-depth learning ability gradually rose. Chen Ning, who developed chips overseas, felt the wind early, and soon gathered the core senior engineers to open the entrepreneurial road of technology school. When they came to Shenzhen, what surprised the team was that they successfully registered the company in a few days. The elements of favorable time, place and people were complete one by one, but the start was not smooth.

"At the beginning, there are many difficulties. The first difficulty is what kind of scene should AI technology be used in? We first chose security, but security was also a red sea and a fully competitive market at that time. We could only find new breakthrough points with AI, "Chen Ning recalled." so we found the direction of video surveillance. Through big data analysis, face recognition and hardware acceleration, we could search for pictures in massive urban video surveillance Yes, to subvert traditional solutions. It took us more than a year to polish this function. "

In addition to technology, there are also challenges from talent and capital. "Only by relying on our founding team, because we didn't have much capital at that time, more importantly, we recognized the direction and concept of AI in the future to overcome these difficulties. In terms of funds, in the first year, we relied more on our own funds. However, in 2015, we were selected into a high-level talent introduction project in Shenzhen, so we got the first tens of millions of government funds, which solved the urgent need of funds, including the provision of office space, and so on. " Chen Ning said that Shenzhen has a very inclusive ecology for overseas returnees to start their businesses, especially in a market-oriented environment, which can open up all kinds of scenes and let enterprises implement their technologies.

Yuntian lifeI also has the characteristics of starting a business in Shenzhen. After choosing the security industry, Yuntian lifeI focused on it and played steadily. At the beginning, it determined the idea of algorithm chip, and launched the "deep eye" system, which is not only different from the algorithm enterprises in the same period, but also different from the enterprises that only supply AI chips. It has walked out of different business models in landing solutions.

Soon, Yuntian lifeI got the first order and directly entered the police security market. Chen Ning said: "the earliest time was based on our dynamic portrait recognition solution in the field of digital city, namely, deep vision system. Because many civil servants in Shenzhen have innovative consciousness and spirit, especially the public security team, they hope to use AI technology to change the traditional manual video workflow. After communication, both sides choose to cooperate with our team. At the very beginning, we did a small-scale pilot project in Longgang Public Security Bureau, and we spent nearly two years polishing this project. "

By the end of 2015 and the beginning of 2016, the pilot project gradually showed the effect of actual combat, and began to assist the public security to solve cases efficiently. Chen Ning said: "since 2016, we have entered a period of small-scale rapid outbreak. After that, the AI + communities, AI + parks and AI + epidemic prevention that we polished were actually the first to land in Shenzhen, and then continuously copied to the markets in other regions."

Today, Yuntian lifeI has built a "dynamic portrait retrieval platform" for data collection in 10 districts of Shenzhen, helping the police to crack down tens of thousands of cases and retrieve more than 400 missing children and elderly people. In addition, we have also participated in the construction of "indoor one face to face" solution of Shenzhen International Convention and Exhibition Center, intelligent customs clearance system of Hong Kong Zhuhai Macao Bridge, AI brain of Shenzhen airport and Nanyuan smart community.

At the same time, Chen Ning lamented to the reporter: "looking back now, what is more important and more fortunate is that Shenzhen has a market-oriented business environment and a service-oriented government business environment. The innovative and inclusive Shenzhen gene has bred an open market, so that we can land the first AI product in Shenzhen and have the foundation of our city level productization."

Building core barriers

Yuntian lifeI, which started in the security track, is still facing fierce competition. As Chen Ning said, Yuntian lifeI has broken into a red sea. There are not only mature enterprises such as Hikvision and Dahua, but also a new type of AI vision company. How can we stand out from it? Yuntian lifeI has also gained a lot of experience and lessons. It has grown up in practice, and has formed a cooperative relationship with Hikvision to jointly expand the market.

Yuntian lifeI is deeply integrated with the front-line police, and proposes mature technology based on their demands. "Why can we take the lead in deploying the city level dynamic portrait recognition system is because after the deep integration, we found that the control function in 2014 is not very reliable. We have another way. What we do is to search for pictures in the video surveillance. Therefore, we can query the suspects in 2-3 seconds from the massive video, which greatly saves the time that these police need to spend 10 people and 1 week. One machine can solve the problem in two seconds, and the accuracy rate is increased by more than 100 times, which solves such a pain point in the business flow of public security. " Chen Ning said.

On the one hand, technology providers go deep into business processes, make solutions for grounding gas, and summarize experience in various practical "pits"; on the other hand, it is inseparable from the R & D system and technical support formed by enterprises all the year round, and the algorithm chip and end cloud collaboration have become the key capabilities of cloud sky.

"We started making chips from the very beginning, which I think is the most correct decision. Now, looking back, the "bushing" has become a common choice Chen Ning said.

According to reports, Yuntian lifeI has an algorithm research team, a big data research team and a chip R & D team, "In particular, the algorithm team and chip team have built an integrated design process of algorithm chip. The algorithm architecture team led by the co-founder, based on today's multi framework algorithms, even introduces future algorithms to refine common operation types to guide our chip instruction set definition. For high-frequency complex operation types, we will have special acceleration instructions to improve the operation efficiency, and then we will design the hardware architecture of the processor, develop hardware code verification, software architecture and product verification, and then implement our algorithm warehouse and algorithm library to form an organic iteration and technology evolution process. " Chen Ning explained to reporters.

Talking about the goals and strategies for the next three years, Chen Ning said that on the one hand, it is necessary to continuously improve the efficiency of research and development for the core competence platform of algorithms, chips and big data. On the other hand, it promotes the digital transformation in various offline scenes such as digital city and residential life, "we call the new four modernizations", that is, the digital life of residents, the digital governance of communities, the digital operation of enterprises and the digital transformation of cities. So our solutions will basically fall into the category of informatization. At present, Yuntian lifeI is promoting "self evolving urban agent", which is actually to enrich solutions in various scenarios of digital city to G and tob. "

A wave of AI enterprises coming into the market

By 2020, the application of AI has entered the daily life, especially in the field of vision, and the AI scene that has been implemented is still deepening gradually. In the process of further integration of AI and the industry, new AI startups have entered a new stage.

At present, Yuntian lifeI is promoting the listing of a shares. Earlier this year, Cambrian was listed on the science and technology innovation board. Shenjian technology was acquired by Xilinx two years ago, and AMD decided to buy xilinsi not long ago. In addition, unicorns that focus on AI algorithms - Yuncong, Yitu, Kuangshi, Shangtang - have also spread the news of listing. It can be seen that the leading enterprises of this group of AI start-up companies are choosing different ways to expand the market after the technology implementation. Of course, the reform of the science and technology innovation board and the growth enterprise market has further opened up financing channels for science and technology enterprises.

In these five or six years, how many AI start-up companies have disappeared quietly. In this wave of waves, the survival of the fittest is gradually landing on the capital market. From the hot primary market financing of start-ups in 2014 and 2015 to the secondary market financing, the capital market began to do the first batch of recognition and return. After going public, how to survive and develop on a large scale under a more transparent management system, and how to balance the performance growth and its own strategies will be the challenges that the new companies need to face. At the same time, Chen Ning pointed out: "the challenge for the industry is how to quickly integrate, change and empower AI technology with more industries. These industries will promote the generalization of AI technology in the process of integration."

In his opinion, the AI industry needs to seek an objective balance between development and rationality. "I think that the capital market pays more attention to technological innovation enterprises, especially opening up the channel of secondary market, will certainly be of great benefit to the improvement of China's independent innovation technology chain and industrial chain. In this process, we should more rationally look at the stages of the development of these AI technologies and the industry development rules. It is a long-term process, including the development of the integrated circuit industry, which is also a long-term process. "

As for the future industrial pattern, Chen Ning said, "just like the Internet more than 20 years ago, there was no leading enterprise in Internet infrastructure at that time. It was more in the subdivided fields, such as e-commerce platform, social platform and so on. AI is no exception. It will also be integrated in different tracks, such as digital city, offline business empowerment, driverless, medical and other tracks, and even BCI chips will spawn many new tracks. "

(Editor: Cao Jinliang)

 

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