Core Viewpoint - The National Data Bureau of China has launched the "National Integrated Computing Power Network Monitoring and Scheduling Experimental Verification Platform" at the 2025 China International Big Data Industry Expo, aimed at integrating dispersed computing power across the country to provide more accessible computing services [1] Group 1: Platform Overview - The platform has achieved initial monitoring and scheduling of eight major hubs and ten clusters under the "East Data West Computing" initiative, covering over 900 computing facilities nationwide [1] - The platform facilitates the integration of domestic computing power, idle computing power, and green computing power, significantly reducing rendering tasks for projects like the movie "Nezha 2" from 600 years to a few months [1] Group 2: Cost Implications - According to representative Lu Hongjun, computing power costs are crucial for small and medium-sized enterprises transitioning to "data + artificial intelligence" [1] - The platform is expected to reduce training costs by 25% and inference costs by 10% [1]

Group 1 - The China Securities Big Data Industry Index (930902) has decreased by 2.96% as of May 15, 2025, with significant declines in component stocks such as Kehua Data down 8.31% and Aofei Data down 6.63% [1] - The Data ETF (516000) has also fallen by 2.86%, currently priced at 0.92 yuan, but has seen a cumulative increase of 1.84% over the past two weeks, ranking first among comparable funds [1] - A successful launch of the first batch of 12 satellites for the space computing satellite constellation occurred on May 14, marking a global first for such a constellation [1] Group 2 - The Data ETF and its linked funds closely track the China Securities Big Data Industry Index, focusing on popular sectors such as DeepSeek, AI computing power, and the Hongmeng industrial chain, covering notable stocks like iFlytek and Inspur Information [2]