Shi Kuang Science and Technology was founded on 20 1 1, which started with face recognition. In the field of computer vision, it is also called CV (computer vision) four little dragons with Shangtang Technology, Yi Tu Technology and Congyun Technology. During the period of 2065 438+06-2065 438+08, artificial intelligence reached an unprecedented height with the help of funds, and the valuation of enterprises in this field once rose. However, in 20 19, the difficulty of artificial intelligence landing and AI making money once attracted public attention.
According to the prospectus submitted by Shi Kuang Science and Technology, in 20 16, 20 17 and 20 18 years, its operating income was 67.8 million yuan, 3130,000 yuan and142,700 yuan respectively, but its losses were 343 million yuan respectively. By the first half of this year, its losses had reached an astonishing 5.2 billion yuan. Kuang said that this is mainly due to the changes in the fair value of preferred shares and the ongoing R&D investment.
In fact, from the prospectus of Kuangtong Technology, we can also see some difficulties existing in current AI enterprises, including limited landing scenarios, concentrated and "unpalatable" business customers, and large investment in technology research and development.
How to lose $5.2 billion?
The earliest "Resume Four Little Dragons" Crazy Stone Technology still suffered a big loss.
According to the prospectus, from 20 16 to 20 18, the income of Shi Kuang science and technology was 67 million yuan, 31320,000 yuan and142.69 million yuan respectively, with a compound growth rate of 358.8%. For the six months ended June 30th, 2008 and June 30th, 2009, the income was RMB 305 million and RMB 949 million respectively, up by 2 1 1. 1% year-on-year.
However, the loss is also very serious. In 20 16, 20 17 and 20 18 years, the losses of Kuang were 342.8 million yuan, 759 million yuan and 3355438+million yuan respectively. As of June 30th, 200018 and June 30th, 200019, the losses were 729 million yuan and 5.2 billion yuan respectively, up 6 13.3% year-on-year.
Main financial data of Kuang technology
In the past year, the growth rate of losses was much higher than that of income.
Why did Mr Kuang lose $5.2 billion in just half a year?
The prospectus explained that the loss was mainly due to changes in the fair value of Kuang's preferred shares and continuous investment in research and development.
The changes in fair value of financial liabilities measured at fair value in 20 16, 20 17 and 20 18 were RMB 239.2 million, RMB 589.4 million and RMB 304.53 million respectively, which were included in the profit and loss of Shi Kuang science and technology. In the six months ending June 30th, 200018 and June 30th, 200019, the changes were 574 million yuan and 5121.40 million yuan respectively.
In addition, there are bottlenecks in the development of artificial intelligence technology.
Earlier, the chief engineer of an AI technology company told Fuel Finance that although many AI companies still claimed to have made technological breakthroughs, these breakthroughs were "optimization" rather than "subversion".
In May this year, Zhang C, director of Tsinghua University Institute of Artificial Intelligence, said in an interview with the media that at present, enterprises and some academic circles all over the world are paying attention to deep learning technology.