On July 21, the "Decision of the Central Committee of the Communist Party of China on Further Deepening Reform and Promoting Chinese-style Modernization" was released, which proposed to improve the system and mechanism for the development of new quality productive forces according to local conditions; improve the system for promoting the deep integration of the real economy and the digital economy; Improve the system for improving the resilience and safety level of industrial and supply chains. At the same time, the report proposes to "pay close attention to building an independent and controllable industrial chain and supply chain", which is the only expression of "grasping" in the plenary report, and raises the independent and controllable to an unprecedented height. In the future, China will accelerate the realization of independent and controllable hardware chips, large language models, software ecology and other subdivisions of the artificial intelligence industry chain, and open up a broad market space for the domestic artificial intelligence industry chain.
In this context, as a leading enterprise in the field of artificial intelligence and big data, TRS's advantages are becoming more and more prominent. With more than 300 billion high-quality data assets and industry-leading data processing capabilities, TRS can achieve efficient indexing, tagging, querying, mining and analysis of hundreds of billions of data, as well as trillions of data retrieval in seconds and daily average data acquisition of hundreds of billions. With the vigorous development of the data element market, the market size is expected to exceed 100 billion yuan, and TRS will also usher in a golden period of rapid business growth.
Since its inception in 1993, TRS has been known as the pioneer of Chinese full-text search technology, and has also demonstrated outstanding strength in the fields of artificial intelligence, big data and data security. As a listed company, the company has always regarded the independent research and development of core technologies as the core driving force, and now has more than 100 invention patents and more than 1,000 software copyrights, and has been leading the original innovation and application scenarios of full-text retrieval and search databases, natural language processing (NLP) technology, and its technical achievements have been successfully integrated into a number of important national informatization projects.
TRS has a wide range of business layouts, and its main business covers many key areas such as big data software and product analysis, artificial intelligence software products and services, and security products. Adhering to the clear development strategy of "Digital Intelligence Track", TRS relies on its excellent scientific and technological strength to carefully create diversified industry solutions to provide solid support for the digital transformation and upgrading of enterprise and government customers. So far, the company's digital intelligence products and services have benefited more than 10,000 enterprise-level clients around the world, especially in the fields of digital government, financial media, financial technology, digital enterprise, public security and other fields.
It is worth noting that TRS is building a barrier to the automatic generation of personalized and professional content with "high-quality professional large language models + domain knowledge data" as the core. The TRS-GPT LLM independently developed by TRS continues to promote the implementation of AI+ vertical applications. The advancement of technology and the precise integration of products and scenarios promote the development of new quality productivity. The company deeply explores subdivided scenarios, is committed to moving from cost reduction and efficiency improvement to a new era of value creation, and relies on the deep accumulation in advantageous industries and customer groups, and has achieved the implementation of application scenarios in industries or fields such as finance, media, government affairs, public opinion, security, and patents.
Honor witnesses strength, TRS's outstanding performance in the field of artificial intelligence and big data has been widely recognized by the industry. In May 2024, in the "Research Report on the Development of Chinese LLM (2024)" released by CCID Consulting Artificial Intelligence and Big Data Research Center, the company stood out and ranked among the top 20 leading enterprises in Chinaese LLM by virtue of its outstanding performance in five dimensions, including core technical capabilities, market competitive advantages, product innovation vitality, market development potential and ecological opening strategy. TRS has won awards such as the Top 100 Comprehensive Strength of Chinese Artificial Intelligence Enterprises and the 2024 China Digital Intelligence Industry LLM Pioneer Enterprise.
Looking back on the development process, on June 29, 2023, TRS released the "TRS-GPT LLM", and successively tailored an exclusive industry vertical model for media, finance, government affairs, public opinion, patents, public security, open source intelligence and other fields. The TRS-GPT LLM has attracted attention for its extensive industry adaptability and diversified innovations, integrating ten basic capabilities, including content generation, multi-round dialogue, semantic understanding, cross-modal interaction, knowledge-based search, logical reasoning, security compliance, mathematical calculation, programming ability and plug-in extension. At the same time, TRS-GPT LLM also shows four innovative highlights: controllable generation technology with enhanced Chinese features, credible verification of generated results by fusing search engines, enhanced cross-modal capability with fused dense vectors, and support for timely updating of external knowledge.
At present, the content production intelligent assistant, a new generation of intelligent search and recommendation, and multi-modal communication and services developed based on TRS-GPT Media LLM have been applied in many news units and have received positive feedback. At the same time, the risk early warning assistant, audit report auxiliary generation, automatic generation of consumer protection content review opinions, and customer service data intelligent analysis assistant developed based on TRS-GPT Finance LLM have also been successfully applied in many leading bank customers, fully demonstrating TRS's profound technical background and broad application prospects in the field of large language models.
In the journey of continuous exploration and development, TRS has never stopped. In May 2024, the company signed a comprehensive cooperation agreement with Huawei. Based on this cooperation, the two parties will deeply explore and integrate the core advantages of their respective fields, jointly promote the in-depth implementation of digital and intelligent transformation, and ensure the steady progress of industrial digitalization and digital industrialization.
In order to grasp the pulse of the digital development era, TRS plans to issue no more than about 239 million shares through private placement, and the total amount of funds raised is expected to not exceed about 1.845 billion yuan. The funds raised will be used exclusively for the research and development of the TRS-GPT LLM and the promotion of the AIGC application industrialization project. The project will make full use of the company's rich industry data resources, deep industry knowledge system and other knowledge-based asset advantages, further upgrade the TRS-GPT LLM on the basis of the general model, and accelerate the pace of industrial application of AIGC in the fields of media, government affairs, finance and other fields. The move aims to further consolidate and expand TRS' market leadership and influence in the field of artificial intelligence. At present, the registration of private placement has been approved by the China Securities Regulatory Commission and is progressing smoothly.
In the future, TRS will make every effort to promote the AI reconstruction of existing products, so as to realize the continuous deepening of large language models capabilities and the rapid implementation of industry large language models, so as to not only empower traditional industries, but also derive diversified application scenarios, effectively promote the deep integration of the real economy and the digital economy, and inject strong impetus into the high-quality development of industrial digitalization.
