Companies in the GBA | The "First AI Stock in Shenzhen" on the Fast Track

The creators of the "world's first city-level dynamic portrait recognition system"are from Intellifusion, an AI enterprise founded by PhDs who used to be active in Silicon Valley.Dr. Chen Ning, Chairman and CEO, who designed China's first commercial vector processor chip,was the chief delegate in the development of the international standard for 4G-LTE.Dr. Chen has acquired 30 authorized patents during his research,thirteen of which were purchased by Apple.

With extensive overseas study and work experience,Chen and his team realized the potential of AI fromearly on,and decided toreturn to China andstart their own business.Thus, Intellifusion was founded in Shenzhen in 2014.In the fertilesoil of the "City of Innovation,"this small team rapidly grew.In just 9 years,itwaslisted on the Shanghai Stock Exchange as the first AI stock in Shenzhen.

Starting from the R&D of dynamic portrait recognition technology,Intellifusion has become a leading company in the AI industry with full-stack abilities based on self-developed algorithms, chips, and big data.Intellifusion's business scope is no longer limited tosecurity, transportation, and fine management at G-end and B-end in digital city building and daily life.As itentered the C-end market of intelligent wearable devicesin March, rapid growth in the AI industrycomes with tremendous R&D investment. From 2017 to 2023,Intellifusionput over 70%of revenue inR&D, and still remains unprofitable to this day, whichisactually common inthe entire AI industry.

In recent years, Intellifusion has continuously explored the commercialization of its products in different scenarios.Besides aiming at the C-end market,it has also invested in commercial service robots,launched low-cost, big model applications,and is diversifying into AI solutions, operations, and products.According to its 2023financial report,Intellifusion's annual net loss has started to narrow.

Among Intellifusion's nearly 1,000employees,at least one in two is an R&D technician.A company with such a high level of "R&D" densityis a microcosm of the AI industryin the Guangdong-Hong Kong-Macao Greater Bay Area,demonstrating Guangdong's commitment to AI development.

In 2022, thecore industryof AIin Guangdong Province reached 150 billion yuan,with about 170,000 registered AI-related enterprises,and over 900 core enterprises,ranking first nationwide.Over 3 million people work in AI-related industries here.The recent policiesclearly demonstratethe development path of the AI industry in Guangdong Province, whichaims to builditself into a national innovation-driven area for the general AIindustry by 2025. Guangdong will establish a national hub for intelligent computing power, a special zone in the Greater Bay Area, and a national demonstration center for AI scenario application.The implementation of these AI development measures aims to help Guangdong to achieve the largest scale of intelligent computing power in the country and lead the global AI industry by 2025.

As one of thenew productive forces,AI has always attracted significant attention.What will Guangdong achieve next in itsfast-growing AI industry?Let'sbe thewitness of it together.

出品：南财国际传播中心 21新媒体中心 创意互动中心

策划统筹：于晓娜 丁青云

内容统筹：谭婷 叶映橙

责任编辑：金珊

执行统筹：黄欣然

设计统筹：林军明

视频统筹：白宇航

监制：施诗

英文翻译&配音：李莹亮

海外运营监制: 黄燕淑

海外运营内容统筹: 黄子豪

运营支持：曾静娇

审校：强燕 张晔 黄志明