Core Viewpoint - The article discusses the shift in the computing power market towards domestic solutions, highlighting the decline in profitability for NVIDIA products and the rise of domestic computing power projects supported by substantial subsidies [1][6][10]. Group 1: Market Dynamics - The computing power market is witnessing a transformation, with domestic solutions gaining traction as NVIDIA's products fail to maintain their previous popularity [2][4]. - Major internet companies are adapting to domestic chip solutions, indicating a collective industry shift towards supply chain security and business development needs [2][3]. - The domestic computing power projects are becoming commercially viable due to policy support and increasing market demand [3][10]. Group 2: Financial Support and Subsidies - Financial institutions are actively supporting domestic computing power projects, with significant subsidies available, reaching up to 80% of project costs [6][8]. - The government is providing targeted assistance to domestic computing power projects, including lowering funding barriers and offering substantial financial incentives [7][10]. - The cost of domestic computing power is becoming more competitive due to these subsidies, which help bridge the price gap with NVIDIA products [8][9]. Group 3: Technological Advancements - Domestic chip manufacturers have made significant advancements, achieving performance levels comparable to NVIDIA's mainstream products [12][16]. - The demand for inference tasks is expected to drive the growth of domestic computing power, with a notable increase in token usage for AI models [13][20]. - The development of supernode products is emerging as a key trend, enhancing efficiency and reducing costs in the deployment of AI infrastructure [26][27]. Group 4: Market Competition and Strategy - The domestic chip market is entering a competitive phase, with the need for rapid commercialization and efficient deployment becoming critical [25][30]. - Pricing strategies are evolving, with manufacturers willing to offer discounts to penetrate the market and expand application scenarios [28][29]. - The lack of a unified standard in the software ecosystem poses challenges for the adoption of domestic chips, highlighting the need for improved interoperability [29][30].

Core Insights - The construction of the China Unicom Sanjiangyuan Green Power Intelligent Computing Center has showcased multiple domestic AI chips, indicating a significant advancement in domestic computing power and the ongoing support for high-end integrated circuits and AI technologies by the government [1] - The AI computing power demand has surged since the launch of ChatGPT, with major cloud computing companies in North America significantly increasing their capital expenditures, reflecting a robust competition for AI data center capabilities [2][3] - China's AI computing power market is thriving, with major players like Tencent and Alibaba leading the investment in AI data centers, and the market is expected to see substantial growth in the coming years [4] Industry Trends - The rapid development of AI models has led to a paradox where more efficient models increase the overall demand for computing power, rather than decrease it, as they enable broader applications across various industries [3] - The domestic AI chip market is expected to see a significant increase in self-sufficiency, with projections indicating that the self-sufficiency rate of AIGPU in China could rise from 34% in 2024 to 82% by 2027 [5] - The Chinese AI chip industry is experiencing a "golden era," with companies like Huawei and Muxi leading advancements in high-performance computing solutions [5][6] Company Highlights - Muxi Co., Ltd. has established itself as a leading player in the domestic GPU market, with a strong focus on self-research and development, achieving significant sales and revenue growth [6][7] - The company has successfully delivered over 25,000 GPU units and has seen its revenue grow from 426,400 yuan in 2022 to 743,071,600 yuan in 2024, indicating a compound annual growth rate exceeding 4000% [6] - Muxi's strategy of investing heavily in R&D to create competitive barriers aligns with the supportive policies of the Science and Technology Innovation Board, fostering a conducive environment for high-tech enterprises [7][8] Market Outlook - The global GPU market is projected to grow from $77.39 billion in 2024 to $472.45 billion by 2030, with a compound annual growth rate of 35.19%, indicating a robust demand for AI computing solutions [9] - The Chinese AI chip market is expected to capture a larger share due to improvements in capabilities and supply, alongside a favorable policy environment that supports innovation and market entry for domestic firms [9]