Core Insights - Paradigm Intelligence recently announced that its "ModelHub XC" has completed the adaptation certification of 108 mainstream AI models on Moore Threads GPUs, covering various task types such as text generation, visual understanding, and multimodal Q&A, with plans to expand to a thousand models in the next six months, injecting continuous momentum into the domestic computing power ecosystem [1][3] - Moore Threads, a domestic GPU company set to launch on the Sci-Tech Innovation Board, has demonstrated significant advantages in quantized models during this adaptation process, with its GPUs effectively reducing model memory usage and enhancing inference speed through hardware-level support for low-precision data types and optimized instruction sets [1] - The official launch of Moore Threads on the Sci-Tech Innovation Board is scheduled for November 24, with an issuance price of 114.28 yuan per share, marking a new high for A-share IPO prices since 2025 [1] - The efficient and stable operation of models on domestic chips is a key challenge for the industry, and Paradigm Intelligence is addressing this by leveraging its self-developed EngineX engine technology to improve model compatibility and operational efficiency on domestic chips, significantly lowering deployment barriers for developers [1][5] Summary by Sections ModelHub XC Overview - ModelHub XC is an AI model and tool platform aimed at the domestic computing power ecosystem, providing a comprehensive solution that covers the entire process from model training and inference to deployment, while also serving community and service functions [5] EngineX Engine - The EngineX engine serves as the underlying support system for ModelHub XC, enabling "engine-driven, multi-model plug-and-play" capabilities, effectively addressing the bottlenecks in model compatibility and scale support on domestic chips [3][5]

Core Viewpoint - The article highlights the recent progress of Moer Thread, often referred to as the "Chinese version of Nvidia," in its IPO journey, indicating a significant milestone for the domestic computing chip industry in China, particularly in the AI era [1]. Group 1: IPO Progress - On June 18, the China Securities Regulatory Commission updated the status of Moer Thread's IPO counseling to "counseling acceptance," marking a key step towards its public listing [1]. - If successful, Moer Thread will be recognized as the first GPU stock in China, symbolizing the achievements of the domestic computing chip sector [1]. Group 2: Market Reaction - Following the IPO news, several related concept stocks experienced an increase, with Heertai rising over 8% during trading and closing up 6.75% [1]. Group 3: Company Background - Moer Thread was established in 2020 with a registered capital of approximately 400 million yuan, focusing on integrated circuit chip design and sales [7]. - The company has completed six rounds of financing, raising over 4.5 billion yuan, with notable investors including Sequoia China, Tencent Investment, and ByteDance [7][9]. Group 4: Product and Technology - Moer Thread offers a comprehensive GPU product line aimed at supporting AI computing for various industries, utilizing its MUSA architecture that integrates multiple computing engines [11]. - The company launched a fully domestic model training platform, Moer Thread KUAE, in December 2023, and supports various open-source projects [12]. Group 5: Strategic Partnerships - Moer Thread has established partnerships with several companies, including Heertai, which holds a 1.244% stake in Moer Thread, and plans to invest in a new GPU server production headquarters [3][4].