ByteDance's new move in overseas markets: launching the large-scale product ChitChop.

2023-11-29

POLIGON, the operator of Helo, a social product under ByteDance, has launched a large-scale product called "ChitChop". Currently, it has been launched as an independent app and web version overseas. ChitChop is an AI assistant tool that provides users with over 200 intelligent robot services, covering various scenarios such as creation, work, AI drawing, entertainment, AI learning, and life. It helps users stimulate creativity, improve efficiency, and enjoy fun. This product has similarities with Douyin Group's AI product "Xiao Wukong" as they are both AI tool collections created based on the Yunque large language model. For example, in the AI tool "Article Generator", users can input or voice their desired story background and framework, and the AI will generate an article. In the AI tool "File Analyzer", users only need to upload a file, and the AI will analyze, summarize, and discuss the file, generating the results in a PDF file. In the AI tool "Smart Searcher", users can interact with the AI for searching, and the AI will consolidate the search results to find the best/most relevant answers to the user's questions. Overall, ChitChop is a product that integrates various AI tools and can be applied to different scenarios, demonstrating strong practicality. However, there are occasional inaccuracies in its responses, and further optimization is needed for the training of its large-scale model. It is estimated that the global market size of AI large-scale models will reach 21 billion USD by 2023. ByteDance's overseas music product Resso, editing product CapCut, and community product Lemon8 have all achieved good performance, especially CapCut becoming a hit product in multiple countries and regions. With the promotion of TikTok, ChitChop is expected to make breakthroughs in the overseas AI market. Currently, the trend of large-scale model products going overseas is becoming increasingly evident. Domestic companies such as Huawei Cloud, Alibaba International, and Baidu have all launched their own AI products overseas. It can be foreseen that in the future, more large-scale model platforms will choose to go overseas and compete for the trillion-dollar overseas market.