Zhou Hongyi Predicts the Trends of Large Models in 2024: Multimodal Capabilities Become Standard for Domestic Models


Baidu Intelligent Cloud has significantly increased its AI-related revenue growth target for 2026 from 100% to 200%, aiming to consolidate and expand its leading position in the AI cloud market and strive for the number one spot in the industry. Data from 2025 shows that Baidu has won 109 large model-related projects among the main cloud vendors in China, demonstrating strong market performance.
Shanghai Step Star completed a B+ round funding of over 5 billion yuan, setting a new record for the largest single investment in the large model sector in the country in the past year. This round was participated by multiple top-tier industry investment institutions, indicating that the competition in domestic large models has entered a new stage with increased capital and talent investment.
Sanqi Interactive has expanded from gaming into AI investment, making strategic investments in cutting-edge technology companies such as Zhipu AI and Moonlight Dark Side. The goal is to use AI technology to enhance productivity in the gaming industry. With Zhipu AI's listing as the first global large model company, its market value has exceeded 57.8 billion HKD, demonstrating the initial success of its technological transformation.
Google's Gemini large model, through rapid iteration, has reversed the profitability trajectory of its AI cloud business. Gemini API usage has grown by over 140% in half a year, with accelerated enterprise adoption, marking a turning point in its business model.
Video conferencing giant Zoom set a world record in a top AI benchmark test, achieving 48.1% and surpassing giants like Google. The key to its success lies in adopting a federated AI approach rather than directly training the underlying model.