IDC: By 2024, the market size of the large-scale model development platform in China will reach 16.9 billion RMB.

On August 20th, a report released by IDC showed that the market size of China's large-scale model development platform is expected to reach 1.69 billion RMB by 2024. State-owned enterprises use large-scale model platforms to develop various office assistant applications to enhance productivity, while non-state-owned enterprises in various industries use large-scale model platforms to support marketing, customer service, and other scenarios. Internet companies, on the other hand, tend to use APIs on public cloud-based large-scale model platforms to support various entertainment applications. The development of these AI applications is driving the growth of the platform market. From a market perspective, the top six vendors in the market include Baidu Intelligent Cloud, Alibaba Cloud, SenseTime, iFlytek AI, China Telecom AI, and Horizon Robotics.