BEIJING, Aug. 31,
2023 /PRNewswire/ -- Baijiayun Group Ltd
("Baijiayun" or the "Company") (Nasdaq: RTC), a one-stop AI video
solution provider, today announced the launch of its
state-of-the-art large language model ("LLM") product "Questwave"
for artificial intelligence generated content ("AIGC") across a
wide range of application scenarios.
Questwave is a powerful one-stop AIGC platform with a suite of
applications that include LLM AI-driven customer service, formal
document drafting, personal AI assistant, digital human interactive
live streaming, and marketing content support. This initiative
underscores Baijiayun's commitment to driving technological
innovation for global users and reflects its growth strategy to
facilitate enterprise customers' digital transformation leveraging
AI and video technologies. Potential uses for Questwave span
various sectors including smart cities, communities, education, the
industrial sector, safety supervision, agriculture, and even petrol
stations.
With a keen focus on data security, Questwave boasts a robust
infrastructure integrating data security audit, backup, and
restoration systems to visualize data monitoring and enhance
privacy protection and confidentiality. Questwave incorporates
numerous access portals to various customers' AIGC platforms, and
significantly reduces coding needs by streamlining intricate
processes from application development and management to usage
statistics collection, model management, and fee calculation. This
acceleration in product launch not only saves time but also
increases agility for prompt responses to evolving market demands.
Furthermore, Questwave fosters knowledge sharing and collaboration
within enterprises by facilitating the aggregation, management, and
distribution of their knowledge database. This feature encourages
interdepartmental collaboration, enabling enterprises to drive
innovation and success by leveraging collective wisdom and
expertise.
Questwave is bolstered by LLMs derived from foundation models
and keen to comply with China's
information technology application innovation policy. The platform
is engineered to interface with various hardware, software, and
operating systems, assuring a seamless and secure integration
process for businesses and governments of all scales. Moreover,
Questwave offers the flexibility for customized private
deployments, ensuring that the platform aligns precisely with each
customer's unique in-house requirements. This not only enhances
user experiences, but also reduces additional maintenance
costs.
Mr. Gangjiang Li, CEO and Chairman of Baijiayun, commented, "we
are thrilled to take a significant leap forward in the AIGC sector
with our meticulously crafted platform, Questwave. With its
multifaceted capabilities, unwavering focus on data security, and
dedication to compatibility and customization, Questwave is poised
to reshape industries with enhanced efficiencies and lower costs.
We also believe this new product will unlock new realms of
potential for ourselves while we create value for
shareholders."
About Baijiayun Group Ltd
Baijiayun is a one-stop AI video solution provider with core
expertise in SaaS/PaaS solutions. Baijiayun is committed to
delivering reliable, high-quality video experiences across devices
and localities and has grown rapidly since its inception in 2017.
Premised on its industry-leading video-centric technologies,
Baijiayun offers a wealth of video-centric technology solutions,
including Video SaaS/PaaS, Video Cloud and Software, and Video AI
and System Solutions. Baijiayun caters to the evolving
communications and collaboration needs of enterprises of all sizes
and industries.
Safe Harbor Statement
This press release contains certain "forward-looking
statements." These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the parties' perspectives and expectations, are
forward-looking statements. The words "will," "expect," "believe,"
"estimate," "intend," and "plan" and similar expressions indicate
forward-looking statements.
Such forward-looking statements are inherently uncertain, and
shareholders and other potential investors must recognize that
actual results may differ materially from the expectations as a
result of a variety of factors. Such forward-looking statements are
based upon management's current expectations and include known and
unknown risks, uncertainties, and other factors, many of which are
hard to predict or control, that may cause the actual results,
performance, or plans to differ materially from any future results,
performance or plans expressed or implied by such forward-looking
statements. The forward-looking information provided herein
represents the Company's estimates as of the date of this press
release, and subsequent events and developments may cause the
Company's estimates to change.
The Company specifically disclaims any obligation to update the
forward-looking information in the future. Therefore, this
forward-looking information should not be relied upon as
representing the Company's estimates of its future financial
performance as of any date subsequent to the date of this press
release.
A further list and description of risks and uncertainties can be
found in the documents the Company has filed or furnished or may
file or furnish with the U.S. Securities and Exchange Commission,
which you are encouraged to read. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these
forward-looking statements. Forward-looking statements relate only
to the date they were made, and the Company undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
For investor and media enquiries, please contact:
Ms. Feifei Shen
The Blueshirt Group
Phone: +86 134 6656 6136
Email: feifei@blueshirtgroup.com;
Company Contact:
Mr. Yong Fang
CFO, Baijiayun Group Ltd
Phone: (267) 939 5080
Email: fangyong@baijiayun.com
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SOURCE Baijiayun Group Ltd
