Swiss Credit Suisse Bank's emerging market economist and strategist Mali Chivakul said that Chinese AI hardware companies are the current winners. The latest generation of the Deepseek model was released with much less fanfare compared to when it first appeared in January last year. However, during the model training process, Chinese domestic chips were partially used, indicating that China has made some progress in the localization of the artificial intelligence supply chain. Despite still having some limitations in technology, the quality of China's artificial intelligence models continues to improve, with their share in the global top models increasing. Mali Chivakul believes that although China's investment in data centers is not as large as the United States, the amount of hardware it provides for domestic and foreign data center construction is considerable. With policy support, the localization process of the semiconductor supply chain has benefited domestic AI hardware manufacturers, significantly increasing their revenue. This trend is expected to continue throughout the year, and there is also hope for steady growth in exports of artificial intelligence-related services.