Core Insights - The Chinese Academy of Sciences has launched the world's first AI-based processor chip design system named "Enlightenment," which automates the entire design process from hardware to basic software, achieving performance comparable to human experts [1] - This technological breakthrough is expected to accelerate the self-sufficiency of domestic computing power chips and significantly boost the development of China's AI industry [1] Industry Overview - The AI ETF by FuGuo, which tracks the Sci-Tech AI Index, focuses on 30 selected AI companies on the Sci-Tech Board, particularly in critical areas like chips and cloud computing, which are essential for achieving self-sufficiency in AI [1] - The Sci-Tech AI Index covers the entire AI industry chain, with a strong emphasis on upstream infrastructure, where companies like Cambricon, Lattice Semiconductor, and Chipone dominate, indicating a significant potential for technological breakthroughs in the semiconductor sector [2] Historical Performance - The Sci-Tech AI Index has shown a remarkable performance since its inception, with a return of 62.60% as of June 12, 2025, outperforming other AI indices and the Sci-Tech 50 Index [2] - The index's higher elasticity compared to mainstream AI indices highlights its effectiveness in capturing investment opportunities in the rapidly growing domestic AI sector [2] Future Outlook - The investment logic in the AI industry is shifting from storytelling to performance, with expected revenue growth rates for the Sci-Tech AI Index at 34%, 18%, and 22% from 2025 to 2027, and net profit growth rates at 102%, 47%, and 32% respectively [3] - FuGuo Fund, with over 16 years of experience in quantitative investment, is well-positioned to support the new fund's operations, offering a diverse range of investment products and strategies [3]