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AI changed the world and also changed the branch of Science and Technology News. After 13 trading days, the stock price rose by 33.5%.
Before the end of 13 trading days, many in the industry questioned whether HKUST could sustain such a high market valuation. However, Keda Xunfei, which began with intelligent voice technology, has now emerged as a leading player in the AI space. As one of the top AI enterprises, HKUST saw its daily price limit increase, drawing significant attention from institutional investors and hot money.
With continuous advancements in artificial intelligence and strong policy and financial support, AI remains a hot topic. On November 6, Cambrian held a new product launch event, unveiling several next-generation intelligent processor IPs and high-performance cloud-based AI chips, signaling faster progress in AI chip development. On November 16, Baidu hosted the 2017 Baidu World Congress, showcasing its strategic direction, new technologies, and products. From November 18 to 19, the “2017 China Optics Valley International Artificial Intelligence Industry Summit†took place in Wuhan, focusing on the growth of the AI sector.
On November 9, HKUST’s annual conference highlighted groundbreaking innovations in AI fields like voice, image, and vision. The university released over 10 AI products across different industries, including the latest applications in education, healthcare, and customer service, as well as consumer-oriented products for home, automotive, and translation services.
While some questioned the profitability of HKUST and the practicality of AI technology, the company used this event to demonstrate that AI can solve real-world problems and improve efficiency. Keda Xunfei, initially focused on enterprise and government clients, is now expanding into the consumer market. Liu Qingfeng mentioned that in the first three quarters, consumer-oriented business accounted for about 25% of revenue and 30% of gross profit. The goal is to increase the 2C segment to nearly 50% within three years.
"When people ask what kind of company Keda Xunfei is, they often wonder if there's a similar company in the U.S. In fact, there isn’t. We are more like a combination of IBM and Google," said Hu Yu, CEO of HKUST News, when discussing the company's positioning.
After a strong article by renowned scholar Liu Weiwei and the AI conference on November 9, HKUST’s stock surged sharply on November 13. According to reports, from the stock's low on October 27 to the previous day, it had risen by 33.5% in just 13 trading days.
Initially, the industry doubted whether HKUST’s business model could justify its high valuation. However, after the AI conference, analysts from Essence Securities and New Era Securities expressed positive outlooks on the company’s AI assistants and the “AI + Auto†project, reinforcing confidence in its commercialization potential.