Group 1 - The core viewpoint is that China's AI industry is moving towards a stage of software and hardware integration, significantly reducing reliance on foreign products like those from Nvidia [2][4] - The stock price of Cambricon Technology, a key player in China's semiconductor self-sufficiency policy, has surged, reflecting market optimism about domestic AI development without dependence on American companies [2][3] - The release of DeepSeek's new large language model (LLM) "V3.1" has heightened market expectations, with the Shanghai Stock Exchange's STAR Market 50 Index rising by 8.6%, reaching its highest level since February 2022 [2] Group 2 - Goldman Sachs raised Cambricon's target stock price from 1,223 yuan to 1,835 yuan, with the stock price doubling since the end of July [3] - Cambricon anticipates its revenue for the fiscal year 2025 to reach between 5 billion to 7 billion yuan, which is 4.3 to 6 times that of the previous year, with a total market value expected to exceed 600 billion yuan [3] - The expectation that China's AI development will not rely on American semiconductors is strengthening, despite potential competition from Alibaba's self-developed AI semiconductors [3]

Core Viewpoint - The Chinese AI industry is moving towards a stage of software and hardware integration, significantly reducing reliance on foreign products like those from Nvidia [2][4]. Group 1: Market Performance - The stock price of Cambricon Technology has surged, reflecting growing market confidence in the development of Chinese AI independent of American companies [2]. - The Shanghai Stock Exchange's STAR Market 50 Index rose by 8.6% on August 22, reaching a new high since February 2022, driven by optimism surrounding domestic AI advancements [4]. - Goldman Sachs raised Cambricon's target stock price from 1,223 yuan to 1,835 yuan, with the stock price doubling since late July [5]. Group 2: Technological Developments - DeepSeek released its new large language model (LLM) "V3.1" on August 21, which is designed for upcoming domestic chip architectures [4]. - Eight companies, including Cambricon and Huawei, passed the AI model adaptation test conducted by the China Academy of Information and Communications Technology [4]. Group 3: Future Projections - Cambricon expects its revenue for the fiscal year 2025 to reach between 5 billion to 7 billion yuan, which is 4.3 to 6 times higher than the previous year [6]. - The total market capitalization of Cambricon is projected to exceed 600 billion yuan, surpassing SMIC in the STAR Market [6].

Core Viewpoint - The successful implementation of the deepseek R1 is attributed to the use of the FP8 data format within a fine-grained mixed precision framework, which allows most compute-intensive operations to be performed at FP8 precision while retaining original data formats for a few critical operations [1]. Group 1 - The previous libraries were optimized based on CUDA, giving NVIDIA cards an advantage, while domestic chips only supported FP16, resulting in a 37% efficiency loss when using R1 [1]. - The recent adaptation of FP8 for domestic chips is expected to reduce costs and benefit local hardware [1]. - Future advancements in both software and hardware are anticipated, with NVIDIA's B cards potentially lowering precision to FP4, while several domestic companies are expected to support native FP8 in their next-generation products [2]. Group 2 - The focus on low-cost solutions is aimed at expanding into global markets [3].

DeepSeek官方微信公众号对V3.1的介绍https://t.co/QY8sggpYoK ...