ByteDance's cloud and AI service platform, Volcano Engine, announced on July 31 that the daily token usage of Doubao large model has exceeded 1.64 trillion, growing 137 times compared to when it was first released in May last year. According to IDC report, the Doubao large model leads in the call volume of public cloud large model services in China, with a market share of 46.4%.
At this launch event, Volcano Engine introduced several new products, including Doubao Image Editing Model 3.0, Doubao Simultaneous Interpretation Model 2.0, and an upgraded version of the Doubao Large Model 1.6 series. Tao Dai, President of Volcano Engine, stated that with the continuous improvement of large model capabilities, AI is gradually evolving from traditional tools into proactive intelligent agents. Tao Dai emphasized that we are currently in a period of significant technological transformation, from the PC era to mobile internet, and now to the AI agent era. The development of AI will greatly change our lives and work methods.
In the past year, the Doubao large model has made significant progress in technical iteration and application scenario expansion. In June, the Doubao large model was upgraded to version 1.6, and new products such as Doubao Video Generation Model Seedance 1.0pro and Doubao Voice Podcast Model were launched. These models provide more application choices for enterprise and individual users, helping to achieve commercialization of AI.
In terms of market outlook, IDC predicts that by 2024, the call volume of public cloud large models in China will reach 114.2 trillion tokens. Volcano Engine's market share far exceeds other competitors, and it is expected to exceed 12 billion yuan in revenue in 2024, with plans to double it to 25 billion yuan in 2025. Tao Dai said that the future market potential is huge, and Volcano Engine hopes to continue leading the industry's development in this area.
The newly launched products include the brand new Doubao Image Editing Model 3.0, which can perform image processing through natural language, meeting the needs of users in areas such as advertising and marketing. The Doubao Simultaneous Interpretation Model 2.0 reduces voice delay from 8-10 seconds to 2-3 seconds, improving the efficiency of real-time voice transcription. In addition, Volcano Engine also launched the HiAgent digital employee interaction platform, aiming to help enterprises improve work efficiency and solve many bottlenecks in traditional workflows.
Key Points:
📈 Daily token usage of the Doubao large model exceeded 1.64 trillion, increasing 137 times year-over-year, with a market share of 46.4%.
🖼️ New products such as Doubao Image Editing Model 3.0 and Doubao Simultaneous Interpretation Model 2.0 were launched, further expanding AI application scenarios.
🤖 The HiAgent digital employee platform was introduced, helping enterprises improve work efficiency and solving bottlenecks in traditional workflows.