Why did AI applications surge across the board today?

English summary

# Software ETF Penghua·560790 # Media ETF Penghua·159805 Just happened: In response to Chinese large-model competition, OpenAI cut the price of its entry-level model LUNA by 80%. This is like electricity bills—only when it's cheap enough can you keep the air conditioning on. To drive token consumption, large-model token price cuts will inevitably follow. Whoever doesn't cut prices will face pressure. Token price cuts will significantly promote downstream AI application development—AI programming, AI film/TV, AI gaming, AI office, AI finance, AI medical will all develop greatly. Additionally, we reiterate that the main narrative for AI now and in the future, domestically and abroad, is how AI commercializes, which will highly incentivize those doing commercialization well. For internal reference only. Fund investment requires caution.