Baijiayun Made an Appearance at the 2024 Jixin AIGC Summit, Where Vice President Liu Yu Delivered a Wonderful Speech

Rhea-AI Summary

Baijiayun Group (NASDAQ: RTC), a one-stop AI video solution provider, participated in the 2024 Jixin AIGC Summit in Shenzhen and Hong Kong. Vice President Liu Yu delivered a keynote speech titled 'Live Streaming + AI, Shaping a New Panoramic Future,' discussing industry changes driven by AI large models across four dimensions: cost reduction, revenue generation, product performance optimization, and new scenario development.

The company has launched several AI large-model products, including 'MarketEase' and 'Questwave,' applying AI technology to enterprise operations, public opinion management, educational innovation, and process optimization. Liu Yu highlighted the company's success in Southeast Asian markets, particularly with educational live streaming services. Baijiayun plans to continue expanding overseas markets and advancing AI technology globalization.

Positive

• Successfully launched AI products 'MarketEase' and 'Questwave' in 2023
• Strong market penetration in Southeast Asia with educational live streaming services
• Expanding into multiple business segments including enterprise operations and educational innovation

Negative

• None.

BEIJING, Jan. 15, 2025 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has recently attended the 2024 AIGC Summit.

Recently, the "Deeply Vertical • 2024 Jixin AIGC Summit", guided by the SCO-Gulf Dual-Chain Special Committee of the China Overseas Development Association and hosted by Jixin, was successfully held in Shenzhen and Hong Kong. Liu Yu, vice president of Baijiayun Group, attended this event and delivered a keynote speech titled "Live Streaming + AI, Shaping a New Panoramic Future". He explored a series of issues, including the opportunities and challenges faced by various industries in the era of large models, as well as corresponding strategies.

In Liu Yu's view, the industry changes triggered by AI large models mainly focus on four dimensions: cost reduction, revenue generation, optimization and improvement of product performance, and development of new scenarios. Currently, AI has entered a brand-new stage of widespread application, with the focus being particularly prominent in three major areas: deepening the intelligence of core industrial content, strongly empowering the development of the real economy, and actively incubating and promoting the rise of new tracks.

As an active participant in this technological wave, Baijiayun adheres to the overall principle of full embrace and active exploration. When AI large models emerged in 2023, Baijiayun quickly launched a series of large-model products, such as the AIGC new product "MarketEase" and the one-stop AIGC scenario-based platform "Questwave". It has widely applied AI technology to multiple scenarios, including enterprise operation, public opinion management, educational innovation, and new process optimization, effectively improving enterprise efficiency, enhancing user experience, and further exploring more value, thus creating more possibilities for enterprise users.

In addition, Liu Yu also pointed out that going global may become an important direction worthy of in-depth exploration by the industry in the future. In everyone's opinion, some businesses that are relatively mature or even a bit "traditional" in China, such as Baijiayun's educational live streaming service, have unexpectedly received widespread popularity and recognition in the Southeast Asian market.

As an active explorer and practitioner of AI technology, Baijiayun Group will continue to uphold the spirit of innovation, deepen the research and application of AI technology, provide more industries with efficient and intelligent enterprise service solutions, continuously expand overseas markets, and promote the globalization process of AI technology.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com 

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SOURCE Baijiayun Group Ltd

FAQ

What new AI products did Baijiayun (RTC) launch in 2023?

Baijiayun launched two major AI large-model products in 2023: 'MarketEase' and 'Questwave', a one-stop AIGC scenario-based platform.

Which markets is Baijiayun (RTC) targeting for international expansion?

Baijiayun is particularly focusing on Southeast Asian markets, where their educational live streaming services have gained significant popularity and recognition.

What are the four dimensions of industry changes highlighted by Baijiayun (RTC) for AI large models?

The four dimensions are: cost reduction, revenue generation, optimization and improvement of product performance, and development of new scenarios.

Which business segments does Baijiayun (RTC) currently serve with its AI technology?

Baijiayun serves multiple business segments including enterprise operations, public opinion management, educational innovation, and process optimization.