Investment Rating - The report maintains a "Buy" rating for several companies in the computer and AI sectors, including Yidao Information, iFlytek, Weike Technology, and others [15][53]. Core Insights - The "Star Computing" plan, led by Guoxing Aerospace, successfully launched 12 space computing satellites, marking the beginning of a new era in space computing [5][6][23]. - OpenAI's release of the cloud-based AI programming agent Codex is set to revolutionize software development, enabling developers to complete tasks that previously took hours in just 30 minutes [8][29][31]. - Perplexity AI is nearing completion of a $500 million funding round, raising its valuation to $14 billion, reflecting strong growth in the AI search engine market [10][37]. Summary by Sections Computing Power Dynamics - The rental prices for computing power remain stable, with specific configurations priced as follows: Tencent Cloud A100-40G at 28.64 CNY/hour and Alibaba Cloud A100-80G at 34.74 CNY/hour [22][24]. - The "Star Computing" plan aims to establish a space-based intelligent computing infrastructure, with the first batch of satellites equipped for space computing and interconnectivity [6][25]. AI Application Dynamics - Kimi's average traffic increased by 9.94%, indicating growing interest in AI applications [28]. - OpenAI's Codex, powered by the codex-1 model, is designed to assist developers in various coding tasks, significantly enhancing productivity [29][31]. AI Financing Trends - Perplexity AI's upcoming funding round will increase its valuation from $9 billion to $14 billion, highlighting the rapid growth in AI startups [10][37]. - The company has over 15 million monthly active users and is generating nearly $100 million in annual recurring revenue [10][38]. Investment Recommendations - Tencent reported a 13% year-on-year revenue growth in Q1 2025, with significant contributions from AI initiatives [51]. - Companies to watch include Jiahe Meikang, iFlytek, and others that are positioned to benefit from advancements in AI and computing power [52].