DNVN - With a team of more than 300 engineers and experts, VNG identifies artificial intelligence (AI) as a development focus that can create new growth momentum in the coming years.
According to the Report on the performance results presented at the 2024 Annual General Meeting of Shareholders of VNG Corporation on June 21, the 2023 business performance presented at the General Meeting of Shareholders, the Company continues to maintain growth momentum in both operating indicators and profits in key product segments.
Specifically, the company's net revenue in 2023 will reach VND7,593 billion; the annual CAGR will reach 14% in the period 2019-2023. The company also recorded 25% of its revenue structure outside the core Online Games segment. The adjusted operating loss has improved significantly, reducing the loss by 30% to VND657 billion.
With a team of more than 300 engineers and AI experts, VNG identifies artificial intelligence as a development focus that can create new growth momentum in the coming years.
Currently, the company is applying AI to develop 3 different layers: infrastructure, platform and application. In terms of infrastructure, VNG is the Vietnamese enterprise that owns the largest AI Cloud infrastructure today, serving both domestic and foreign customers. For the platform layer, by the end of 2023, the Zalo LLM model was assessed to have reached 150% of GPT-3.5 capacity, according to the VMLU Vietnamese Proficiency Assessment Standards. This is also an LLM model specifically for Vietnamese people thanks to the use of high-quality training data sources in Vietnamese, based on transformer architecture and advanced training techniques such as Flash Attention and Llama.
Zalo is also actively applying GenAI (generative artificial intelligence) to upgrade services for users, typically AI Avatar - the first application of GenAI developed by Zalo, which attracted 6.8 million users in 2023. The smart virtual assistant Kiki has now been installed on 600,000 cars and recorded about 230,000 visits per day.
In addition to Zalo, VNGGames core business also enhances the application of GenAI in the process of publishing and developing games. VNGGames creative team has researched and developed Artian - a digital drawing platform combining AI and art based on the Stable Diffusion image generation model to improve the efficiency of designing and producing game characters and multimedia content, through the use of GreenNode's infrastructure.
VNG is currently one of the few Vietnamese technology companies that has achieved breakthrough growth in the international market, from core business segments such as games to completely new business segments such as AI. In 2023, the company's revenue from providing services to foreign markets will reach VND1,744 billion, up 35% compared to 2022.
In the online gaming segment, total bookings in 2023 reached VND 7,930 billion (the highest ever). Of which, 26% came from foreign markets, an 18-fold increase compared to 2016.
In addition to the gaming sector, VNG's other key business sectors are also pushing the "Go Global" goal. GreenNode, a new member of VNG Digital Business, has become an official cloud service partner of Nvidia (NCP - Nvidia Cloud Partner), with priority access to Nvidia's AI Factory and leading AI chip generations (GPUs). On June 24, GreenNode's AI Cloud Server Cluster located in Thailand, in cooperation with Nvidia and ST Telemedia Global Data Centers, will officially open.
For the next 3 years, VNG aims for revenue from overseas markets of online games to account for a higher proportion than domestic revenue.
Phan Minh
Source: https://doanhnghiepvn.vn/kinh-te/kinh-doanh/tri-tue-nhan-tao-se-la-don-bay-doanh-thu-cua-vng-trong-nhung-nam-toi/20240622062302870
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