Incidents:

Beijing Lightyear Infinity Technology Co., Ltd. (Turing Robot), a subsidiary of Aofei Entertainment, released the first children's version of the ChatGPT product “Zhiwa”. “Zhiwa” greatly enhanced NLP capabilities through TuringMM, a large AI model, including children's intellectual domain questions and answers, contextual dialogue and understanding, children's learning tasks, and AIGC content for children.

The company and “Zhiwa” are connecting at the level of children's IP and content, which is expected to jointly promote the industrialization of AI+IP.

Comment:

(1) The Turing robot in which the company participated created the first children's version of ChatGPT, codenamed “Zhiwa”, based on the concept of “AI technology empowers children to learn efficiently and grow happily”. The core of “Zhi Wa” is to greatly enhance NLP ability through TuringMM, a big AI model, including children's knowledge domain questions and answers, contextual dialogue understanding, children's learning tasks, children's content AIGC, etc. The product has three highlights. One is that it supports multi-modal AI interaction, and children can interact with “Zhiwa” through voice, text, pictures, etc., and convenience and diversity are enhanced; the second is to achieve hardware system coupling. “Zhiwa” supports the use of an off-line hybrid AI computing architecture to deploy and run AI models using an off-line hybrid AI computing architecture, thereby reducing AI computing costs and improving AI response time; the third is an expandable content service system. The first phase of “Zhiwa” supports nearly 100 third-party content plug-ins, which are deeply integrated and applicable to AI conversations. For different scenarios and needs.

(2) Lightyear Infinity, the founder of “Zhi Wa”, is 5% owned by Aofei Entertainment. Turing Robot is the earliest open platform for AI conversation robots in China. It has nearly 500 invention patents in the field of AI dialogue and interaction, and has accumulated deep experience in AI technology fields such as AI dialogue interaction and multi-modal AI interaction. The Turing robot's AI conversation system has been used more than 100 billion times and has accumulated a large amount of user scenario corpus data. In addition to the text conversation model, Turing OS developed by Turing Robot itself is based on multi-modal AI interaction and has been commercially used in many fields of intelligent hardware. The strategic investment in Turing Robotics is an important initiative taken by Aofei Entertainment to build an “IP+intelligence” platform. It helps promote the deep integration of the company's “technology+entertainment” industry. Using IP as the core, it combines cutting-edge artificial intelligence technology with the company's business, realizes the intelligent upgrading of the company's traditional toy and infant business, develops intelligent education products or smart game partners for children, and provides children and families with a full range of educational and fun entertainment experiences. The launch of the first children's version of ChatGPT will help accelerate the company's entry into the field of AI education. Apart from children's tablet hardware, “Zhi Wa” is already deeply connected with Aofei Entertainment, Perfect Hong En, etc. at the level of children's IP and content to jointly promote the industrialization of AI+IP.

Risk factors: Changes in industry policies, increased market competition, and lower than expected levels of sales and cost reduction and efficiency.