Core Insights - The artificial intelligence market is transitioning from a "model training arms race" to a "value release in inference" phase, with various industries leveraging AI technology to reduce costs and improve efficiency [1] - The market for large model integrated machines is expected to grow significantly, from 123.6 billion yuan in 2025 to 520.8 billion yuan by 2027, making it one of the fastest-growing segments in AI hardware [1] - The introduction of the VasEdge immersion liquid cooling solution by Miaosuan Technology aims to make computing power more accessible for small and medium enterprises, addressing the high costs associated with enterprise-level AI applications [1][2] Company Overview - Miaosuan Technology's VasEdge utilizes single-phase immersion liquid cooling technology and modular server design, enhancing the compactness and ease of deployment of servers [2] - The system can support two 8-card GPU servers and one storage server, enabling full deployment of mainstream open-source models and various industry-specific applications [2] - The operational cost advantages of immersion liquid cooling include significantly improved cooling efficiency, reduced power consumption, and increased chip lifespan by over 50% [2] Market Trends - The global immersion cooling data center market is projected to reach $4.58 billion by 2025 and exceed $44.39 billion by 2035, with a compound annual growth rate (CAGR) of over 25.5% [3] - In China, the immersion cooling server market is expected to grow at a CAGR of 56.6% from 2022 to 2027, reaching a market size of $9.5 billion by 2027 [3] - The demand for AI computing power is primarily driven by China and the United States, with China being capable of supporting the complex supply chain required for single-phase immersion cooling servers [3] Future Outlook - The "liquid cooling era" in data centers is anticipated to emerge as server power density increases, with individual server power reaching between 4,000 to 6,000 watts, and potentially exceeding that in the future [4] - Both cold plate and single-phase immersion cooling technologies are expected to see widespread application in the market moving forward [4]