Seek .(US:SKLTY) Di Yi Cai Jing·2025-08-26 05:47Core Viewpoint - The domestic computing power industry chain is steadily emerging along a sustainable path independent of overseas ecosystems [1] Group 1: Market Trends - On August 26, the chip index (884160.WI) rebounded, rising 0.02% at midday, with a 19.5% increase over the past month; the AI computing power index (8841678.WI) continued to gain traction, rising 1.45% at midday and 22.47% over the past month [2] - The recent rise in chip and AI computing power indices is driven by the surge in AI demand and large model computing needs, alongside accelerated domestic substitution and the maturation of supply chain diversification [2][9] - The introduction of DeepSeek-V3.1 marks a significant step towards the era of intelligent agents, utilizing UE8M0 FP8 scale parameters designed for the next generation of domestic chips [2][6] Group 2: Technological Developments - FP8, an 8-bit floating-point format, is gaining attention as a more efficient alternative to previous formats like FP32 and FP16, which are larger and less efficient [5][6] - The industry has begun to shift focus from merely acquiring GPUs to optimizing computing efficiency, with FP8 technology expected to play a crucial role in reducing costs, power consumption, and memory usage [7][10] - The MXFP8 standard, developed by major companies like Meta and Microsoft, allows for large-scale implementation of FP8, enhancing stability during AI training tasks [6][9] Group 3: Industry Dynamics - By Q2 2025, the market share of domestic chips is projected to rise to 38.7%, driven by both technological advancements and the competitive landscape of the AI chip industry [9] - The Chinese AI accelerator card's domestic share is expected to increase from less than 15% in 2023 to over 40% by mid-2025, with projections indicating it will surpass 50% by the end of the year [13] - The domestic computing power industry has established a positive cycle of financing, research and development, and practical application, moving towards a sustainable path independent of foreign ecosystems [13]