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CITIC Construction Investment: The release of GPT-5 and the open-source release of Huawei's CANN are expected to drive the development of AI applications.

Citic Securities released a research report stating that OpenAI officially released GPT-5, which includes three versions: GPT-5, GPT-5-Mini, and GPT-5-Nano.

GPT-5 performs well in long-text memory, reducing hallucination rates, and optimizing reasoning efficiency, providing a better foundation for the development of AI applications. Subsequently, updates from Google, DeepMind, and the launch of domestic models can be expected, as well as the continuous landing of text AI applications tokenized under basic model optimization.

In addition, Huawei has fully open-sourced the CANN ecosystem, diversified openness for different network developers, greatly improving development efficiency, with the potential to accelerate CUDA for benchmarking, and providing a better foundation for domestic AI application development. 

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