20CM速递|OpenAI计划推出GPT-5，H20恢复对华销售，科创芯片ETF国泰（589100）近5日涨超5%

Group 1 - OpenAI plans to launch GPT-5 in early August 2025, with initial versions including a mini and a nano version limited to API calls, aiming to unify language models and reasoning systems for faster AI experience integration [1] - CEO Altman describes GPT-5 as a significant leap in AI capabilities, which may assist products like Microsoft's Copilot in module upgrades, and it is expected to accelerate commercialization and market penetration through a free or low-threshold API strategy [1] - NVIDIA's H20 chip has resumed supply in China, potentially becoming a key driver for accelerating the iteration of domestic large models, with advantages in cluster interconnect and software ecosystem [1] Group 2 - The Cathay Innovation Chip ETF (589100) tracks the Innovation Chip Index (000685), which has a fluctuation limit of 20%, and is compiled by China Securities Index Co., selecting listed companies in semiconductor materials, equipment, design, manufacturing, and packaging testing from the Sci-Tech Innovation Board [2] - The index reflects the overall performance of listed companies in the chip industry on the Sci-Tech Innovation Board, focusing on the chip industry chain and effectively tracking the market performance of chip enterprises [2]