Core Insights - The World Artificial Intelligence Conference (WAIC) showcased cutting-edge AI technologies and new industry opportunities, with Alibaba launching Quark AI glasses that integrate with Alibaba and Alipay ecosystems, featuring the Tongyi Qianwen model and advanced AI capabilities for navigation, payment, and price comparison [1] - Ant Group's AQ, based on a medical model, offers over a hundred AI functions including consultations and report interpretations, connecting offline hospitals and doctors [1] - Baidu's NOVA digital human technology, leveraging the Wenxin model 4.5, generates high-quality scripts and achieves multimodal collaboration, applied in education and healthcare sectors [1] - The conference also announced the establishment of a global AI innovation governance center, promoting global governance and cooperation in AI technology [1] - Analysts believe that the WAIC is likely to boost the AI sector, aligning with the development trend of AI Agents [1] Industry Overview - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), focusing on technology companies listed in Hong Kong that meet Stock Connect eligibility, covering software services, hardware manufacturing, and semiconductors [1] - The index reflects the overall performance of the technology sector in the Hong Kong market, with a focus on information technology and smart hardware [1] - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) [1]

Group 1 - Baidu showcased its three major AI products at the 2025 World Artificial Intelligence Conference (WAIC): autonomous driving service "Luobo Kuaipao," deep learning platform "PaddlePaddle," and Baidu Intelligent Cloud computing cluster [1][3] - "Luobo Kuaipao" has accelerated its global expansion, successfully operating in Dubai and Abu Dhabi, providing over 11 million rides to users worldwide as of May this year [1] - The "NOVA Digital Human Technology" was announced, set to be fully open to the industry in October, allowing ordinary users to achieve professional-level live-streaming capabilities [3] Group 2 - PaddlePaddle, China's first self-developed and open-source industrial-grade deep learning platform, has attracted 21.85 million developers and served 670,000 enterprises, creating 1.1 million models as of April 2025 [3] - Baidu's self-developed 30,000-card super-large-scale computing cluster can simultaneously train multiple models with hundreds of billions of parameters and supports 1,000 customers for fine-tuning [3] - The cluster outperforms mainstream domestic chip solutions by 90% in single-card throughput and improves large-scale, high-concurrency model inference speed by over 40% [3][4] Group 3 - Baidu also demonstrated various core AI technologies and products, including "Miaoda," Baidu Wenku, Baidu Cloud, and the "Wenxin" series, highlighting its deep accumulation and innovation capabilities in the AI field [4]