HK Stock Market Move | AINNOVATION(02121) soared by over 9%, catalyzing the application of AI both domestically and overseas. The company's large industrial model is steadily progressing towards implementation.

AINNOVATION(02121) rose by over 9%, as of the time of writing, it has risen by 7.22%, reaching 5.05 Hong Kong dollars, with a trading volume of 73.4785 million Hong Kong dollars. In terms of news, the application of AI at home and abroad has continued to catalyze. As of the closing on November 20th local time, the concept stock of AI e-commerce AppLovin in the US has accumulated a growth rate of up to 706% this year. Domestic AI products are accelerating, with the latest AI product application rankings (APP) showing that DouPack, Baidu Wenxiaoyan, and Moonshot Kimi have active users exceeding tens of millions. Institutions believe that recent data on overseas AI application manufacturers and AI application usage show that some business models for AI applications are gradually becoming clearer, user willingness to pay is gradually increasing, profit growth turning points are gradually apparent, and they are expected to have a positive impact on the domestic AI application industry. Recently, the State Internet Information Office publicly released the information on the eighth batch of domestically registered deep synthesis service algorithms. AINNOVATION's research and development of the Qizhi Kongming AInnoGC synthetic algorithm passed the review and obtained the registration number. In March of this year, the company upgraded the Qizhi Kongming Industrial Large Model AInno-75B, focusing on the introduction of multimodal large model capabilities to support output of text, images, videos, CAD, etc. In the first half of the year, the company established a complete industrial large model technical product matrix, including ChatVision generative enterprise private domain visual insights, ChatRobot Pro generative industrial Siasun Robot&Automation dispatch, ChatCAD generative auxiliary industrial design and other AIGC applications.