CICC's research reports indicate that in 2Q24, China's internet cloud revenue accelerated year-on-year. Looking at the scale of the latest models released by leading vendors, scene-adapted lightweight models have become a new competitive direction. Furthermore, the price competition in public cloud and large model products continues, but leading vendors are actively enriching the ecological scene to enhance long-term user stickiness. Currently, domestic large models are entering an accelerated application landing period, and the exploration of overseas AI commercialization can serve as a reference for the commercialization of domestic large models. It is recommended to pay attention to the progress of Alibaba, Baidu, and Tencent.