iFlytek announced the release of the Spark Cognition Model V3.0, surpassing ChatGPT. Spark 3.0 marks the evolution of general models, aiming to match ChatGPT 3.5, with superior performance in Chinese and comparable performance in English. The seven capabilities of text generation, language understanding, knowledge Q&A, logical reasoning, mathematical skills, coding abilities, and multimodal abilities have all seen continuous improvements.

iFLYTEK will launch the iFLYTEK Spark Cognitive Large Model V3.0 and the Medical Large Model on October 24. iFLYTEK's third-quarter revenue increased by 2.89% year-on-year, achieving positive operating cash flow. iFLYTEK's investments in cutting-edge technologies, such as cognitive large models, have impacted short-term profits. The company states that these investments lay the foundation for its long-term development in the digital economy era. iFLYTEK has established new core technology capabilities that are autonomous and controllable.