During the 2024 Volcano Engine FORCE Power Conference · Winter, Volcano Engine announced a brand new upgrade of the Doubao Large Model family, showcasing its latest advancements in the field of artificial intelligence. The daily tokens usage of the Doubao Large Model has exceeded 4 trillion, reflecting an increase of over 33 times since its release in May, demonstrating its widespread application and rapid growth in the industry.

Recently, as ByteDance's Doubao Large Model accelerates its commercialization process and shows impressive performance in the global AI sector, the "Doubao" concept stocks have become the new favorites in the capital market, leading to a new round of price increases in the AI track. Several listed companies, including Tianyu Shuke, Juran Smart Home, and Bee Assistant, have seen their stock prices hit the daily limit for multiple days in a row, with Tianyu Shuke achieving 6 consecutive limits in 10 days by Friday's close, Juran Smart Home hitting 5 limits in 6 days, and Bee Assistant reaching a peak of 20CM limit up during trading. This reflects the market's strong optimism about the Doubao Large Model and its ecosystem.

On December 12, Peking University and ByteDance officially announced the establishment of the Doubao Large Model System Software Joint Laboratory, marking a new milestone in the collaboration between industry, academia, and research in China's AI field. The research work of the joint laboratory will be based on the Doubao large model independently developed by ByteDance. Researchers from universities and enterprises will conduct in-depth research on key technologies such as model training and inference within the laboratory. With the construction and development of the laboratory, a large number of Peking University students will also enter the laboratory for internships, working side by side with industry researchers.

According to Tech Planet, Douyin has announced the launch of a new feature called the 'V Project,' aimed at expanding the boundaries of live streaming and interaction. Douyin states that 'V' represents infinite possibilities, symbolizing exploration, innovation, and breakthroughs. Through this project, Douyin hopes to provide users with a more interesting and enriched interactive experience. The core highlight of the 'V Project' is the AI Avatar feature. This feature allows creators to generate a virtual avatar that mirrors their personality and thoughts, enabling continuous interaction with users for 24 hours.

Today, ByteDance's Volcano Engine announced that the Doubao Large Model will release a video generation model on September 24, bringing upgrades to more capabilities in the model family. It is understood that the Doubao Large Model was officially launched at the Volcano Engine Original Power Conference on May 15, 2024.

At the Volcano Engine AI Innovation Roadshow in Shanghai on August 21, 2024, Volcano Engine showcased a comprehensive upgrade of the Doubao Large Model. This includes the Doubao Text-to-Image Model, which has improved text and image matching capabilities for long texts, the Doubao Speech Recognition Model, which reduced error rates by up to 40% across multiple public test sets, and upgrades to the Doubao Speech Synthesis Model, enhancing streaming speech synthesis abilities for real-time responses and accurate punctuation. Volcano Engine also released a real-time interactive solution for Conversational AI, integrating the Doubao Large Model with real-time audio and video technology, providing end-to-end capabilities.