千亿AI巨头，定增大幅调整

Core Viewpoint - The company Keda Xunfei has revised its fundraising plan, maintaining a total fundraising amount of 4 billion yuan while reallocating funds to enhance its computing power platform project, which is now prioritized over working capital [4][5]. Fundraising Allocation - The revised plan keeps the total fundraising amount at 4 billion yuan, with 800 million yuan allocated for the Spark Education large model and typical product project remaining unchanged [4]. - The amount for working capital has been reduced from 3.2 billion yuan to 800 million yuan, while an additional 2.4 billion yuan is now designated for the computing power platform project, which accounts for approximately 60% of the total fundraising [4][5]. Strategic Importance of Computing Power - The computing power platform project aims to support the upgrade and iteration of the underlying model for the Spark cognitive large model, as well as provide computational support for the continuous optimization of various large models, including deep reasoning and multilingual models [5]. - The project aligns with national policies emphasizing the importance of autonomous and controllable large model computing power, making the rental of computing power more reasonable under government support [4][6]. Collaboration with Domestic Suppliers - The company has established long-term collaborative mechanisms with domestic computing power suppliers such as Huawei and Cambrian, focusing on addressing hidden issues in the underlying software and hardware of domestic computing power [6]. - The implementation of the computing power platform project is expected to enhance the multilingual support capabilities of the Spark large model, creating new revenue growth points for the company [6]. Market Position and Future Plans - The company plans to target overseas markets with its multilingual large model, optimizing for regional language habits, cultural contexts, and industry application scenarios to better meet local demands [6]. - As of September 29, the company's stock closed at 53.95 yuan per share, with a market capitalization of 124.7 billion yuan [6].