58.com CEO Yao Jinbo said that the more competition among large model vendors, the better, and it would be best if they could provide services for free or at a loss

09/02 2024 512

Yao Jinbo, CEO of 58.com, hopes that large model suppliers can compete fiercely, with lower prices being better

Recently, Yao Jinbo, CEO of 58.com, said in a live broadcast that AI has given 58.com new opportunities.

Yao Jinbo said that 10% to 20% of 58.com's workload has been replaced by artificial intelligence. Yao Jinbo believes that this transformation benefits from 58.com being one of the earlier enterprises to adopt AI technology in China's life service industry. Before large-scale pre-trained models became popular, 58.com had already started applying AI technology in specific fields.

He also mentioned that although 58.com has about 20,000 employees, most of whom are mainly engaged in frontline business work in branches, about 1,400 employees actively signed up for training activities related to AI coding assistance, AI image generation, and AI data analysis tools.

"If AI elements are not integrated into one's professional development, one may fall behind the times," Yao Jinbo acknowledged that employees may feel uneasy about emerging technologies but also saw the opportunities AI brings to 58.com. Many employees are eager to learn AI tools to improve their work efficiency.

He hopes that large model vendors can compete fiercely, with at least 50 vendors participating. The more funding support and talent recruitment, the better. At the same time, the lower the product price, the better, and the higher the performance, the better.

Yao Jinbo pointed out that there are two major issues with AI at present. First, it is still not smart enough. Although GPT4.5 and 5.0 are about to be launched, when you actually use them, you will find that their conversion rate is not as good as that of a real person or a rule-based algorithm. Second, large models are still expensive, not only due to the cost of graphics cards but also training and collaboration with third parties. "Therefore, more competition upstream can make the performance more powerful and reduce costs. It would be best if you could provide services for us for free or at a loss, which is what we would most like to see."

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