Yeyi Yun

Europe wishes it had more energy.

I think the world all wishes we had more energy.

We really focused on the capital efficiency, cost efficiency, so we had only spent around 500 million USD in total, probably only 1 or 2% of the BGN's spending.

So we did all the optimization, made innovations on it.

I don't think it's a competition.

It's more about all the top talents across the world.

They bring the technology breakthrough to the society, to the end users.

So you will see each model has pros and cons.

So we focus more resources on building the models, building the best product experience to get more and more users from all over the world to use it.

I think in every industry with a really high growth, when the new technology comes here, so you will see every startup, all the companies, they face resources constraint.

Probably cheap constraint, computing constraint is only one of the challenges.

So in the past, you will see our model performers and our product performers.

So our resources is stable, we can get access to all of them.

So we focus more on our R&D and foundation models.

So we just use whatever chips make sense for us at that specific stage.

It doesn't matter what kind of chips it is.

It's more about which chips can give us best ROI, which can help us to achieve our mission to make the best technology accessible to all of the users across the world.

So we put lots of R&D resources and innovations on the efficiency part.

You will see our API, we have an enterprise business, you will see the gross profit margin of our API is more than 65%, which is probably already one of the highest globally.

So we focus more on making the best technology and the best user experience.