Group 1 - The AI industry has undergone a significant transformation in 2026, moving from a phase of exuberance to a focus on cost-saving and profitability [1] - Companies in Silicon Valley are shifting their approach to AI, aiming to integrate it as a second operating system rather than merely a tool [3] - Major firms are developing AI capabilities as modular components that can be embedded into client operations, exemplified by OpenAI's Workflows and Google's AgenticWorkspace [5] Group 2 - AI is increasingly viewed as a digital employee, with companies incorporating AI into labor costs rather than treating it as an IT purchase, fundamentally altering business logic [6] - The Chinese AI industry is becoming more pragmatic, moving away from superficial tools to seeking comprehensive intelligent systems that can manage overall operations [8] - State-owned enterprises in China are leading in AI adoption due to their standardized processes, allowing AI to be utilized as a standard position [10] Group 3 - AI commercialization consultants who understand industry, technology, and products are in high demand, focusing on restructuring business processes with AI [11] - The AI industry is experiencing a shakeout, with companies that lack real value or rely on superficial functionalities likely to be eliminated [11] - As AI costs decrease, applications that cannot replace human labor or generate revenue are becoming liabilities for companies [13] Group 4 - Companies that will survive in the AI landscape will likely fall into three categories: those offering standardized capability packages, those orchestrating various models and tools, and those operating autonomous organizations that charge based on outcomes [14][16] - The current changes in the AI industry represent a rewriting of the value chain, emphasizing the importance of enhancing organizational efficiency and creating tangible value [16] - The future will favor practical companies that focus on data cleaning and process integration over those that merely promote disruptive concepts [16]

Investor Presentation Second Quarter 2025 Safe Harbor and other information This presentation contains "forward‐looking" statements that are based on our management's beliefs and assumptions and on information currently available to management. Forward‐looking statements include information concerning our possible or assumed strategy, future operations, financing plans, operating model, financial position, future revenues, projected costs, competitive position, industry environment, potential growth opportu ...