Zhong Xun Yan

Zhong Xun Yan from CITIC Securities sought management's perspective on the positioning of infrastructure and security companies in the current AI era, particularly in light of recent fluctuations in AI software stock prices, and Agora's specific role in the AI space.

Answer

Tony Zhao, Founder, Chairman, and CEO, stated that while SaaS services benefit from AI coding, system-level and infrastructure core services like PaaS and API are experiencing increased demand, not disruption. He emphasized Agora's unique position to benefit from the growing demand for real-time multimodal interactions with AI engines, highlighting the company's history as an AI innovator, including being the first to introduce AI to the RT sector and launching AIGC RT SDK. Jingbo Wang, CFO, added that coding agents would likely call Agora's APIs for real-time features rather than rebuilding the infrastructure, reinforcing Agora's complementary role.

Zhong Xun Yan from CITIC Securities sought management's perspective on the position of infrastructure and security companies in the current AI era, particularly given recent fluctuations and concerns about AI software stock prices. He also asked for Agora's specific positioning and leadership view on these issues within the AI space.

Answer

Tony Zhao, Founder, Chairman, and CEO of Agora, stated that while SaaS services are strengthened by AI's cost reduction in UI/UX, system-level and infrastructure core services like PaaS and API are seeing increased demand. He emphasized that hardcore low-level infrastructure is not easily disrupted by AI coding and that Agora, as an early innovator in AI for RT, is well-positioned to benefit from the global AI trend, having introduced AIGC RT SDK and full-duplex conversational AI. Jingbo Wang, CFO of Agora, added a layman's perspective, noting that coding agents typically call APIs for real-time features rather than rebuilding infrastructure, suggesting Agora's services would be utilized by AI.