iFlytek aims big in large language model in 2024

Chinese artificial intelligence company iFlytek Co Ltd aims to leverage its edge in large language model to empower more than 1 million smart devices and reached over one hundred million independent software users in 2024, as part of its latest ambition to make a big splash in the new AI frontier.

The ambition came as a large language model or LLM emerged as a strategic technology direction for companies to explore multibillion-dollar opportunities.

Liu Qingfeng, chairman of iFlytek, said looking ahead to 2024, the company has big goals for its large language model SparkDesk, such as achieving domestic leadership among domestic LLMs and making it comparable to GPT-4, which was developed by the US company, OpenAI.

"We also aim to secure the top position of LLM application in industries such as education, healthcare, finance and automotive; and bring together a million third-party developers to create the industry's ecosystem," Liu said.

According to a report by the Beijing Municipal Science & Technology Commission, China had developed at least 254 AI large language models by October last year.

Goldman Sachs predicted that breakthroughs in generative AI, represented by applications such as ChatGPT, can drive a 7 percent, or almost $7 trillion, increase in global GDP over 10 years.