➀ The Chinese AI industry showcased a variety of domestic AI chips at WAIC, covering training, inference, and both cloud and edge computing, aiming to challenge NVIDIA. ➁ Despite the impressive display, the actual market performance of domestic GPUs remains limited, with NVIDIA still dominating the Chinese market. ➂ The development of domestic AI models and chips faces challenges due to international sanctions, but there are signs of progress with partnerships like China Telecom and China Mobile adopting domestic solutions. ➃ The success of domestic GPUs depends not only on hardware performance but also on software ecosystem and interconnect technologies, areas where NVIDIA has a significant lead. ➄ The path forward involves balancing innovation with market needs, leveraging domestic market strengths, and gradually building a competitive ecosystem.