Core Viewpoint - The acceleration of the AI era, particularly in generative AI technology, is driving higher demands for computing power, with a significant focus on video generation and long-text reasoning models [1] Industry Summary - According to IDC, the AI computing power market in China is projected to reach $25.9 billion by 2025, representing a 36.2% increase from 2024, and will further grow to $33.7 billion by 2026, which is 1.77 times the size of the market in 2024 [1] Company Summary - The company is making unprecedented investments in the AI sector, establishing an integrated intelligent computing cloud platform supported by nearly 100 data center nodes across over 50 countries and regions, and integrating more than 20,000 high-performance GPU chips [1] - The company aims to meet the high concurrency computing power demands for training tasks while ensuring low-latency and high-stability cross-border access for efficient interactive reasoning [1] - The strategic focus of the company is on key areas such as domestic chip adaptation, data center operations, computing resource pool construction, and large model adaptation, systematically building advanced AI infrastructure for the future [1]