On December 27, Gu Longhui reported that Kingsoft Cloud (3896.HK) saw its gains continue to expand, at one point surging 44.71% to HKD 6.7, setting a historic high price. In terms of news, it was reported that XIAOMI-W (1810.HK) has invested in developing large AI models, with its stock briefly rising 6.7% to HKD 34.95 today, nearing the historic high price set in January 2021 (HKD 35.9); Kingsoft Cloud, with Lei Jun as chairman, leveraged this momentum to rise. Some media have claimed that XIAOMI is working on building its own GPU mega cluster, and this plan has been underway for several months, indicating that XIAOMI will invest heavily in the AI large model field. Last April, XIAOMI established an AI laboratory large model team, in which Lei Jun played an important leadership role, with the team already having 6,500 GPUs at its inception. In May of this year, XIAOMI's large language model 'MiLM' officially passed large model filing. It is said that XIAOMI intends to recruit Luo Fuli, a key developer of the open-source large model DeepSeek-V2, showcasing its determination to aggressively pursue the AI field. (Gu Longhui)