Overview and Background of Computing Power

Computing power is a new form of productivity in the digital economy era. It has become a core driving force for the development of the digital economy and serves as a solid foundation supporting its growth. It plays a critical role in advancing technological progress, promoting industry-wide digital transformation, and supporting broader economic and social development. According to reports, every $1 invested in computing power can generate $3 to $4 in economic output.

Currently, the development of computing power faces challenges stemming from application diversification and an imbalance between supply and demand.

On one hand, the rapid emergence of new technologies in the computing power market, the advent of artificial intelligence, the explosive growth of massive data, and increasingly diverse application scenarios are driving computing power demand to multiply, accelerating the need for diversified computing power upgrades.

On the other hand, the enhancement of computing capabilities faces multidimensional challenges. The transformation of chips to support computing power still has a significant gap, and existing upgrades in computing technologies can only bring limited growth in computing capacity each year. The supply-demand gap remains large. Whether at the hardware level or in architectural frameworks, the advancement of computing technology urgently requires transformational change.

In the digital economy era, the strength of a nation's or region's computing power is a key indicator of its level of digital productivity and reflects its broader productivity potential.

The computing power industry is the foundation of national technological development and a measure of competitiveness. Computing technology is the source of innovation in the field and drives computing advancement. The computing environment is a key condition for computing development and acts as a supporting force. Computing applications reflect the demand for computing power and are viewed as a primary driver. Computing technologies and industries, represented by advanced computing, provide robust support for the scale development of computing power. The computing environment provides a foundational base for growth in both technology and industry, while applications drive the expansion of scale and industry, stimulating continuous technological upgrades.