Zhihu reports net loss of about 1.6 billion last year and is exploring AIGC at model and application

On March 22, Zhihureported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022, with revenue of 3.605 billion yuan, up 21.8% year-on-year; net loss of 1.578 billion yuan, compared with 1.299 billion yuan in the same period last year, an increase of 21.47%; adjusted net loss of 1.196 billion yuan, compared with 747 million yuan in the same period last year, an increase of 60.1%; and basic loss per share of 5.19 yuan and basic ADS loss per share of 2.59 yuan.

Li says, Zhihu is currently comprehensively evaluating self-developed AIGC technology, seeking external cooperation, and directly using open APIs on the market, to empower products and creators. Zhihus data advantage and accumulation in vertical professional content will give us a unique position in the AIGC technology revolution. Currently, we have our own exploration and experiments at both the model level and application level.

At the conference call, Zhihu CTO Li Dahai disclosed the latest progress of the company in the field of large language model training and AIGC.

File photo/Liu Guomei (NBD)

In the fourth quarter of 2022, Zhihu achieved revenue of 1.114 billion yuan, higher than the expected 1.077 billion yuan, up 9.3% year-on-year; net loss of 180 million yuan, narrowed by 53.2% year-on-year; and adjusted net loss of – million yuan, narrowed by 44.3% year-on-year.

Previously, Zhihus founder, chairman and CEO Zhou Yuan said in an interview with the media, We will keep a close eye on the development of new technologies and make technological investments. But at the application level, we will also be cautious in experimenting to reduce the associated problems.