The hot "bean bag concept stocks" in the A-share market ushered in a basin of "cold water".

On the evening of December 19, ByteDance issued a risk reminder saying that recently, there has been speculation in the capital market about the phenomenon of "bean bag concept stocks", and there are many exaggerated and even fictitious contents, involving ByteDance's capital expenditure, data center spending, AI hardware, application cooperation and other aspects. Investors should not believe market rumors to avoid unnecessary investment losses.

Image source: Screenshot of ByteDance's official account

According to incomplete statistics from the reporter of Nancai Express, a number of listed companies have responded to the cooperation with bean bags.

Nanxing Co., Ltd. (002757. SZ), Jebsen (300182. SZ), Huasi shares (002494. SZ), Mega-info Media (301102. SZ), online and offline (300959. SZ), Gold Diggers (301380. SZ), Chuangyuan Co., Ltd. (300703. SZ), Donggang Co., Ltd. (002117. SZ), Global Printing (002799. SZ), Aoki Technology (301110. SZ), Quectel (603236. SH), Besdaq (300822. SZ) said in the announcement or on the interactive website that it has no cooperation with Doubao.

In addition, some companies claim to be able to access the bean bag model. Beixinyuan (300352. SZ) said that at present, the company has not yet connected to the Doubao model, and the company's source MeSign can connect with various large language models at any time, and the company will decide whether to access the Doubao according to the specific project needs.

Color News Co., Ltd. (300634. SZ) also said that the company's Rich AIBox, as a one-stop AI application development platform, can be connected to its bean bag large model, realize the seamless connection of the enterprise's private domain knowledge base, and the visual orchestration of multi-scenario agents, helping enterprises quickly build AI applications.

The reason for the strength of the "bean bag" concept stock

From December 18th to 19th, the 2024 Winter Volcano Engine FORCE Motive Power Conference was held in Shanghai, and Tan Bei, President of Volcano Engine, announced a full series of upgrades to the Doubao large model family, involving the Doubao visual understanding model, the Doubao general model pro, HiAgent 1.5, etc.

It is worth mentioning that the price of the bean bag visual understanding model has dropped to 0.003 yuan/1000 Tokens, and 1 yuan can process 284 720P pictures, which is 85% lower than the industry average price.

As a result, ByteDance has set off rumors of a large model price war. Li Liang, vice president of Douyin, responded in a post: This is not a price war. Li Liang said that the bean bag model has reduced costs through technological innovation, and has made a lot of optimizations in algorithms, software engineering and hardware solutions, and the pricing of 3 cents/1000 tokens also has a considerable gross profit. And this is a one-step transparent price, not a "publication price + discount" play.

According to the open source securities research report, as of mid-December, the average daily use of tokens of the bean bag general model has exceeded 4 trillion, an increase of 33 times from the first release in May. In the past three months, the number of calls of the Doubao model in information processing scenarios has increased by 39 times, customer service and sales scenarios have increased by 16 times, hardware terminal scenarios have increased by 13 times, AI tool scenarios have increased by 9 times, and learning and education scenarios have also increased significantly. The rapid growth of the call volume shows that the demand for AI is booming, and the ability to cover multiple scenarios of large models is expected to accelerate the penetration of AI applications on the B-side.

Some companies have invoked or connected to the bean bag model

Xuanya International (300612. SZ) disclosed that the company's OrangeGPT can generate content materials that are more suitable for the advertising scene of the Douyin platform by calling the Doubao Pro large model (including its voice model) in providing customers with short video creativity, content production and other services.

Insai Group (300781. SZ) said that the company's self-developed multi-modal marketing AIGC application model currently has the functions of Wensheng text, Wensheng diagram, Tusheng video, video editing, Wensheng video, etc., and has provided AI generation/editing services such as pictures/videos for large customers such as Tencent Games, Krafton, Meizu, etc., as well as cooperation with well-known large models such as Wenxin Yiyan, Kimi, and Doubao in API interface calls.

Shengtian Network (300494. SZ) said that the company has cooperated with a number of domestic leading AI companies, and has now accessed ByteDance's Doubao AI tool to try it out in a number of businesses such as AI game production and customer service robots.

Unilumin Technology(300232. SZ) also said that in May 2024, Unilumin Digital Human will be connected to the TTS capability of the Volcano Engine and the large model Q&A capability of Doubao, which is suitable for application scenarios such as the digital human dialogue system.

Other cases of cooperation

Zhongke Lanxun(688332. SH) said that the company's Xunlong third-generation BT895x chip has completed the docking with the Volcano Ark MaaS platform, which can provide users with software and hardware solutions suitable for the large model of bean bags, and has been installed in FIIL GS Links AI high-quality open-back headphones. In the future, the company will continue to lay out the field of AI wearable products, continue to cooperate deeply with the bean bag model, and launch AI wearable solutions with better user experience to the market.

Blue cursor (300058. SZ) said that in November, the company has reached an in-depth cooperation with Volcano Engine, and the two sides will carry out in-depth cooperation in the fields of video generation, video service solutions and intelligent twins application in the marketing industry based on Volcano Ark, Doubao Video Generation Model, and Buckle Professional Edition Intelligent Body Development Platform, so as to jointly promote the deep integration of AI and marketing system and accelerate the AI process of the marketing industry.

Yongxin Zhicheng (688244. SH) said that the company's AI large model security evaluation "digital wind tunnel" platform has been connected to the Douyin bean bag model, and has the ability to conduct multi-dimensional safety evaluation of the bean bag model.

Strive for cooperation or are in negotiation

Capital Online (300846. SZ) said, "As a leading enterprise in audio, video and AI applications, Byte and Doubao have a huge demand for public cloud and computing power, and the company will continue to strive to increase the scope of business cooperation in the future." ”

Bee Assistant (301382. SZ) said that the company has conducted preliminary negotiations with ByteDance's Doubao in the field of smart devices, but has not yet launched related products to the market.

Actually Zhijia (000785. SZ) said that the company's designer business is docking with bean bags, and there is uncertainty about cooperation.

It is worth mentioning that Haitian AAC (688787. SH) said that ByteDance has always been an important customer of the company, providing it with various data products or services such as intelligent speech, computer vision and natural language. Whether the company's relevant data is used for doubao is also subject to the relevant information released by ByteDance.

(Disclaimer: The content of this article is for reference only and does not constitute investment advice.) Investors act accordingly at their own risk. ）