(Original title: Sogou intends to go to the US IPO to open a new AI story)
Rumors for many years, Sogou finally went public. Yesterday, Sohu released its financial report for the second quarter of 2017. At the same time, it announced that its subsidiary Sogou will submit documents to the SEC and plan to be in the US IPO. However, the actual number of IPOs issued and the amount of funds raised have not yet been finalized. Immediately afterwards, Sogou CEO Wang Xiaochuan issued an internal letter confirming this information, and stated that “Search is a highly competitive track and Sogou has achieved a phased success.†The new story after that is artificial intelligence.
According to Sohu's financial report data, Sogou’s revenue for the second quarter was US$211 million, a year-on-year increase of 20% and a 30% increase from the previous quarter. Among them, sogou mobile search traffic increased by more than 50% year-on-year, driving overall search traffic growth by 24%. From the entire Sohu’s Looking at the situation, Sogou contributed half of its revenue, and Sohu’s revenue for the second quarter was US$461 million, a year-on-year increase of 10%. In response, Wang Xiaochuan stated, “We continue to promote technological and product innovations centered on artificial intelligence. "For the next quarter's performance, Sogou expects its revenue to be between $230 million and $240 million.
According to the information previously released, Tencent is the largest shareholder of Sogou and its shareholding ratio exceeds 45%. However, due to Sogou’s AB share structure, most of its voting rights are still retained in the hands of the former largest shareholder Sohu. ———————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————–
After searching, Sogou’s new story will be artificial intelligence. Wang Xiaochuan believes that "the disruptive technological force in the future is artificial intelligence, and the jewel on the crown of artificial intelligence is the processing of language. This is the most difficult and most valuable part of artificial intelligence. Sogou is born for language understanding." We naturally have the ability to pick up this bone."
Wang Xiaochuan also showed Sogou’s artificial intelligence muscle: language-based artificial intelligence technology has been applied to products such as search and input methods through questions and answers, speech, and translation. Voice, Sogou mobile input method has reached 260 million times the frequency of voice input. In terms of translation, Sogou won the Chinese-English translation machine translation champion in the WMT (Workshop on Machine Translation) international academic competition in May. With the help of translation technology, Sogou can perform full-text Chinese translation of English-language results in English search. In the mobile input method, Sogou supports automatic translation of voice and text input by users in a chat scene.
Written by: Southern Reporter Li Bingru Intern Wu Jiaer
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