① Tencent, Douyin and other technology giants have ushered in the centralized release of a new round of AI large model products and applications, and the application of large models may be speeded up. The company has accumulated a large number of professional models, AI engineering experience and hundreds of billions of large-scale high-quality data assets, and is starting to train and fine-tune the basic large models to develop professional models for government affairs, finance and media industries. The targeted tax and fee reduction policies issued by the National Development and Reform Commission of ② will help promote the uptrend of the industry. the company has achieved full coverage of the 28nm process and above of the glue developer, another record high for 23Q1 orders, and rapid expansion of previous products.