recently, some media reported that the WPS privacy policy mentioned that "we will use the document materials you upload voluntarily as the basic materials for AI training after desensitization", which was questioned as involving user privacy issues.

in response to netizens' discovery that Jinshan office WPS secretly modified the user privacy agreement to use the documents uploaded by users for AI training, WPS's official microblog issued an apology statement late on November 18, saying that after careful examination, it felt that the previous version of the statement had caused troubles to users. WPS promises that all user documents will not be used for any AI training purposes, nor will they be used in any scenario without the user's consent.

Jinshan Office stated that it has updated the "WPS Privacy Policy" to remove misleading statements and ensure that its content strictly corresponds to actual operations. When using the beautification function, only high-quality beautification services will be provided, and this process is in full compliance with relevant laws and regulations on data security and personal information protection.

on November 16, WPS officials announced that WPS AI, an artificial intelligence office application with large language model capability under Jinshan office, was launched for public testing, and AI functions were gradually opened to all users. Users apply for rights and download the latest version of WPS PC client to experience the AI capability of text/intelligent documents, forms/intelligent forms and PPT presentation components in a limited time. Android, iOS and Mac terminals will be opened one after another at the end of November.

WPS AI, as the application party of the large language model, will apply the large model to reconstruct office software and provide users with new product experiences in AIGC (content creation), Copilot (intelligent assistant) and Insight (knowledge insight). In September this year, Jinshan Office also demonstrated the progress of its self-developed model for the first time. The model is based on an open source base and performs training and tuning of small models with parameters of 7B and 13B to meet the needs of subdivision scenarios on the application side.

According to the third quarterly report of 2023, Jinshan Office's revenue and net profit maintained steady growth in the first three quarters: Jinshan Office's operating income was 3.27 billion yuan, up 16.99 percent year-on-year, net profit attributable to parent company was 0.893 billion yuan, up 9.86 percent year-on-year, and non-net profit attributable to parent company was 0.86 billion yuan, up 29.85 percent year-on-year.

at the close of the market on November 17, Jinshan office (688111) fell 0.36 to 327.48 yuan per share, with a current market value of 151.2 billion yuan.

Source: Read Chuang Finance