TUYA-W (02391) reached a deep cooperation with Volcano Engine, integrating the "Bean Bag" large model to promote the landing of AI applications and hardware innovation.

TUYA-W(02391) announced on February 17, 2025, that the group has reached a deep cooperation with Beijing Volcano Engine Technology Co., Ltd. (Volcano Engine) to integrate the "Bean Bag" large model into the Tuya Smart Cloud developer platform. The two parties will work together to promote the application of artificial intelligence ("AI") large models and AI cloud-native technology in more fields. In addition, the group will combine the language, voice, video, and other capabilities of the Bean Bag large model, and provide full support in development, marketing resources, and traffic to help AI intelligent hardware developers accelerate innovation. In this cooperation, Tuya Smart and Volcano Engine will integrate their respective advantages in AI hardware development and AI cloud-native large models, promoting the application of AI in more scenarios and innovations. In the future, the two parties will help customers upgrade and create toys, games, entertainment, and other hardware products. Developers can customize and select the integration of the Bean Bag large model through Tuya Smart's AI Agent development platform and developer products, to achieve one-stop integration of audio and video, images, text, and other capabilities. For example, a company engaged in the toy business can use a more convenient docking method and lower cost to integrate the Bean Bag large model capabilities into its AI toy hardware products through Tuya Smart's AI Agent development platform and developer products, making toys into a new generation of intelligent entertainment products with personality that can communicate with users through voice, meeting the entertainment, companionship, education, and other scene needs of users. In addition, Tuya Smart and Volcano Engine hope to help AI hardware developers innovate products, solutions, and scenarios and bring them to the market to promote industry development. For example, eligible developers can receive support in participating in the Tuya Global Developers Conference, Tuya Smart Global Ecological Exhibition, and Bean Bag large model market activities. A representative from Volcano Engine stated, The interaction between model performance and AI application scenarios is the key driving force for the development and evolution of large models. Volcano Engine is committed to making AI an affordable and good technology for every enterprise. We also hope to work with Tuya Smart to help more companies achieve AI innovation, allowing AI to truly integrate into the lives of the public and benefit households with intelligent experiences." A representative from Tuya Smart stated, In the global AI era, application scenarios are the cornerstone of realizing the commercial value of AI. Without landing scenarios, AI technology is difficult to tangible benefits. At the same time, the diversity and complexity of scenarios provide impetus for AI development, promoting continuous technological advancements. Tuya Smart has been committed to helping global developers create products with market competitiveness, and this cooperation with Volcano Engine will help developers seize the commercial dividends of the AI era."