Core Viewpoint - Huawei is building a full-stack AI competitive advantage through software and hardware collaboration, leading to a technological revolution in the communication equipment industry [1] Group 1: Huawei's AI Strategy - Huawei's AI strategy has shifted from benchmarking SOTA models to customizing architectures for Ascend hardware, introducing two innovative pathways: Pangu Pro MoE and Pangu Ultra MoE [1] - These pathways address load imbalance issues and enhance hardware efficiency through a mixture of expert groups (MoGE) architecture and system-level optimization [1] Group 2: New AI Infrastructure - The new generation AI infrastructure, CloudMatrix, utilizes a unified bus (UB) network to create a distributed high-speed memory pool, reducing cross-node communication discrepancies [1] - It supports PDC separation architecture and large-scale expert parallelism (LEP), focusing on distributed system efficiency challenges as large models transition from dense to sparse MoE architectures [1] Group 3: Industry Implications - The communication equipment industry is evolving towards a fully collaborative technical system, with Huawei expanding its software and hardware innovation into AI system engineering [1] - The communication ETF (515880) tracks the communication equipment index (931160), which focuses on the manufacturing and related services of communication equipment, reflecting the overall performance of listed companies in this sector [1] - The index is characterized by high technical content and growth potential, making it a relevant investment focus for those interested in the communication equipment sector [1]