Legend Holdings has invested in over 200 AI companies, fully committed to AI+!

On March 11th, Legend Holdings and Beijing Zhipu AI signed a strategic cooperation agreement. Both parties expressed their intention to continuously develop and optimize products/services in areas such as AI hardware, proprietary general large models, and intelligent solutions. They also plan to collaborate on the research and development of vertical large models in related fields like smart manufacturing, fintech, digital marketing, and biotechnology, while actively exploring and expanding more opportunities for business cooperation.

When studying the domestic AI industry, it is impossible to ignore the leading role of Zhipu AI. This company is currently the self-developed large model enterprise with the highest financing amount in China. The new-generation base large model GLM-4 released in January this year is comparable to GPT-4 in overall performance and even surpasses it in some evaluations.

As early as 2022, Legend Capital, a subsidiary of Legend Holdings, invested in Zhipu AI, and this strategic cooperation further covers multiple AI-related fields. This is a typical win-win collaboration: on the one hand, the business segments of Legend Holdings can better apply large model technology and potentially incubate new AI businesses; on the other hand, Zhipu AI's large model technology can also be implemented in more industries and business scenarios.

As an industrial operation and investment group, Legend Holdings has currently made a full-stack layout in the AI industry chain. For example, Lenovo Group, a member company of Legend Holdings, is a global leader in PCs and ranks among the top three in the world for AI servers. At MWC 2024, it took the lead in announcing the latest generation of ThinkPad business AI PCs and revealed its AI-oriented infrastructure layout of "one horizontal and five verticals."

A single flower does not make spring. In fact, the AI layout of the Legend Holdings system is more diverse and extensive. According to Legend Holdings' 2023 interim report, the company has invested in over 200 companies across the AI "infrastructure layer - technology layer - model layer - platform layer - application layer," including first and second-tier market enterprises such as Cambricon, Zhipu AI, Daguan Data, iFLYTEK, Megvii, and Lanzhou Technology. Covering areas such as underlying software and hardware, data, computing power, algorithms, and applications, it is one of the few companies in the market with a full-stack AI layout, giving it a significant first-mover advantage.

The commercialization of AI is not an easy task, and aligning with industry leaders is particularly important. OpenAI was able to quickly apply its technology to real-world scenarios thanks to its partnership with Microsoft. With a solid foundation in the AI industry, Lenovo Group, along with over 200 invested AI companies, Legend Holdings' strategic direction of "AI+" is not just about making investments but about building its own AI ecosystem, leveraging its existing advantages, and creating new opportunities to truly maximize its value in the AI era.

As a forward-looking and diversified player in the AI industry chain, Legend Holdings has already sounded the clarion call for comprehensive efforts in artificial intelligence. However, the capital market still views Legend Holdings through the lens of traditional holding company valuations, with a current valuation of only 0.23 times PB, indicating a significant undervaluation.

Therefore, reevaluating the value of Legend Holdings with a new logic reveals its considerable investment potential. As the logic of AI continues to evolve, the upward momentum of the company will only increase.

Source: PR Newswire Global TMT 2024-03-12 12:38