CITIC Securities: Intensive updates of multimodal products, pay attention to the progress of WWDC and Byte Volcano Conference
CICC said that there have been frequent updates on multimodal dynamics recently. On May 21, Google officially launched the Veo 3 video generation model at the 2025 I/O conference, achieving AI video audio and video synchronization; on May 23, Doubao officially launched the video call function, supporting real-time video communication and screen sharing; on June 6, Kuaishou announced that Keling AI ARR exceeded 100 million US dollars in March 2025, and the monthly payment amount in April and May exceeded 100 million yuan. Considering that Apple WWDC 2025 will be held on June 10 and Byte Force 2025 Power Conference Spring will be held on June 11, multimodal models and end-side AI products are expected to be implemented faster.