On May 8th, the NAVIGATE 2026 Leaders Summit, hosted by New H3C Group, was held in Beijing. Yu Yingtao, Chairman of Tsinghua Unigroup and President and CEO of New H3C Group, delivered a keynote speech.

Keynote speech: Computing power x Connecting AI x Future

Chapter 1: Questions of the Times

Ladies and gentlemen, two days ago, we just celebrated the important milestone of the 10th anniversary of the establishment of New H3C. Standing at such a special time coordinate, looking back, anxiety always accompanies us forward.

The pressure of annual performance, the tackling of core technologies, the integration of team collaboration, and the ever-changing customer demands

I think everyone present in the digital industry probably shares the same feeling.

Anxiety, becoming a practitioner in our industry?Survival Norm??

But this year is different.

As I sat down to prepare for this speech and had deep conversations with friends from upstream and downstream of the industry chain, what I felt was a peculiar collective emotion that pervaded the entire industry - excitement and anxiety. Surprisingly, they exist simultaneously and with equal intensity.

What does this feel like?

It's like standing on a track you've never seen before, with the starting gun already fired and the engine roaring, but the track ahead is shrouded in thick fog, and no one can see where the finish line is.

But everyone is pressing the accelerator with all their might.

Everyone is asking in their hearts again: direction, right?

Let's talk about excitement first.

New concepts and technologies such as big models, intelligent agents, and lobster farming are constantly emerging. The daily average token usage in China has increased by 1400 times in two years. The global AI infrastructure has invested over trillions of dollars. Big models are moving from the laboratory to various industries. Every company is shouting 'All in AI'. The NASDAQ in the United States and AI concept stocks in China have reached unprecedented highs in history.

This is an era that makes everyone's heart beat faster.

Speaking of anxiety.

The investment in computing power is huge, but the ROI is still vague.

The GPU utilization rate in some data centers is less than 60%.

The shadow of chip supply interruption lingers, and the price of memory has increased several times, making it difficult to supply normally.

Entrepreneurs are concerned about their companies being disrupted by AI, professionals are worried about their jobs being replaced by AI, and government officials are concerned about the governance challenges brought by AI.

Excitement and anxiety, like the double helix of DNASimilarly, entangled in every cell of the AI industry by 2026.

I have experienced the rise and fall of the Internet foam to the rise of the mobile Internet, the long cycle of cloud computing from doubt to consensus, and the dark moments brought about by geopolitical games.

But to be frank, like today, the entire industry chain from chips to applications, from government to enterprises, from investors to engineers, everyone is in a state of both extreme excitement and extreme anxiety. This is the first time in my career.

In this era where AI concepts are flying everywhere, big models iterate every month, and every few days someone declares to "overturn everything", we need to be the conquerors of acceleration cards, the leaders of big models, but we also needNot seizing opportunities, not creating concepts, focusing on practicality, and laying the foundation for the development of AI.

This is what New H3C has been doing!

Chapter 2: The Foundation of Coming

From the establishment of H3C Communications in 2003 to the 10th anniversary of New H3C.

We are diligent and pragmatic, taking it as our responsibility to solidify China's digital foundation.

From the first line of self-developed network operating system Comware code to full stack ICT capabilities;

From defining data center networks to cloudification cluster routers;

From proposing the "AI in ALL" intelligent strategy to winning the first prize of National Science and Technology Progress Award;

From 12.9 billion in revenue ten years ago to 76 billion by 2025.

Twenty three years, three eras, one main thread.

In the era of the internet: we are the leader in the integration of cybersecurity.

At the beginning of our establishment, we made a decision that seemed almost "paranoid" at the time - to fully invest in developing our own network operating system and firmly grasp our independent intellectual property rights.

We have successively released the industry's first stacked switch and China's first 10 Gigabit high-end router, redefining data center networks.

In that era, we used self-developed code to lay out digital neural networks for China.

In the era of cloud computing, we are pioneers in full stack cloud computing.

We have successively released cloud products such as cloud platforms, virtualization, and hyper fusion, as well as big data platforms and cloud cluster routers.

Continuously evolving the digital brain to assist customers in cloud computing, data usage, and intelligence empowerment.

In the era of intelligence: We are leaders in digital and AI solutions.

In 2020, we were the first in the industry to launch the "AI in ALL" intelligent strategy - fully integrating AI technology into products and solutions.

Significantly increase investment in AI research and development, and promote the construction of AI Infra. The world's first 800G CPO silicon optical switch and DDC lossless network solution for data centers.

At the previous Leaders Summit, we unveiled our brand philosophy of "cultivating pragmatism and endowing wisdom to the times".

The four words' cultivating diligently and being pragmatic 'are by no means a slogan for New H3C.

It is engraved in the transistors of every device, soldered to the solder joints of every circuit board, running in every line of code that has been tested millions of times, serving 120 million on grid devices for hundreds of thousands of customers of New H3C.

It supports major events such as the Olympic Games, major projects such as the Yajiang Power Station, and major livelihoods such as China's high-speed rail.

Diligence and pragmatism are the spirit of engineers who strive to make every product and every solution the best, and the corporate character of fulfilling every promise to the end!

Chapter 3: Three unavoidable industry propositions in the AI era

Today, the wave of the AI era is sweeping towards us. Here, I would like to talk about the three major industry propositions that are visible, unavoidable, and have a huge impact in the industry.

Proposition 1: Token economy is reshaping everything, which is a paradigm shift that has already occurred.

Token is not a buzzword like a gust of wind.

It is decisively reshaping everything.

Token is the core output of AI infrastructure and the driving force and collaborative language for all industries to move towards intelligence.

Therefore, the value paradigm has undergone a shift: from focusing on the hardware procurement mindset of "how much computing power I have" to the mindset of "how many effective tokens my computing power produces, that is, the new input-output ratio.

Proposition 2: AI autonomy is a survival challenge, which is an unresolved structural contradiction.

External AI - constantly evolving, intelligent, and rapidly iterating.

But most government and enterprise users dare not use it.

Internal AI - adaptation difficulties, limited parameters, and severe illusions.

How to use it? Better to use?

How to deploy "safe and controllable" AI autonomy in data centers, deepen it into business, and implement it in scenarios?

Proposition 3: The bottleneck of AI lies in the system, not in a single point, which is a commonly overlooked systemic trap.

If AI is a supercar that can help you win, then what it needs is not only a powerful engine, but also a fully configured and well tuned vehicle.

What many people are doing is constantly switching to engines with stronger "power" output.

But if the gearbox is slipping, the tires are leaking, the oil circuit is blocked, the chassis is unstable, and maintenance cannot keep up .....

How far can this racing car go?

Simply focusing solely on the power engine is a paranoid misguidance.

Data doesn't lie: In a Wanka cluster, network congestion causes computing power loss of over 30%; The bottleneck of data IO leads to GPU idle time accounting for more than 40%; The average recovery time for training interruptions caused by security incidents, maintenance failures, and scheduling errors is calculated in days.

The cost-effectiveness of tokens is not determined by a single card, nor by a single ability, but by the deep collaboration of six dimensions: computing, networking, storage, cloud, security, and maintenance, in order to achieve the best!

Chapter 4: Full Stack Bright Sword

Faced with these three unavoidable industry issues, New H3C provides us with a definite answer??

1. Using tokens as a benchmark, we provide customers with the best cost-effective solutions in a diverse, heterogeneous, secure, and controllable environment.

2. Taking safety and controllability as the bottom line, we will make every effort to build a government enterprise autonomous AI base with "computing power in me, data in me, and intelligence in me", so that every government enterprise customer can win their own AI path.

3. Taking full stack collaboration as the path, we aim to achieve a seamless integration of "computing, networking, storage, cloud, security, and maintenance" in a seamless manner, rather than just a "single brand".

These three answers are not slogans, but promises we fulfill with our products. Today we are here to release the latest products in these six dimensions??

1? Calculate

We have released the new generation of high-density liquid cooled complete machine system S90000. Adopting innovative technology to achieve the industry's highest density of 1U 6CPU, a single cabinet can provide over 30000 cores of CPU computing power output; The whole machine is designed with full liquid cooling and no fan, and the PUE can be as low as 1.04.

Moving computing power from 'usable' to a new stage of 'high-density, high-efficiency, and sustainable'.

2? Network

We bring a full range of single-chip 102.4T intelligent computing switches, achieving the industry's highest single-chip bandwidth. Through collaborative optimization of the computing network, the overall bandwidth rate has been increased by 100%, bandwidth utilization has been improved by 68%, and latency has been reduced by 15%.

Make the network a 'multiplier of computing performance'.

3? Storage

We are launching the new generation of AI native storage X20000 series. Based on an innovative distributed storage engine, the single node bandwidth reaches 200GB per second and IOPS reaches 3 million, leading the industry in performance.

Let computing no longer wait for data!

4? Cloud

We have released a new generation of AI intelligent cloud, which realizes integrated scheduling of general computing and intelligent computing, and supports the unified management of over 100 GPUs/NPUs. In terms of performance, the utilization rate of floating-point operations in the model can reach 82%; In terms of management, it has the ability to manage over 100000 nodes; In terms of service, we provide 100+MaaS capabilities.

Let the cloud evolve into a unified scheduling center for token production.

5? Security

We have launched the industry's highest performance AI firewall M9000-X, with a throughput of 16T. By introducing AI threat detection engine and semantic intent recognition engine, we have achieved a leap from traffic protection to AI instruction level protection.

Make security the guardian deity of token production.

6? Operations and Maintenance

We have released Lingxi Operation and Maintenance Intelligent Agent - a super ICT intelligent agent that truly achieves intelligent operation and maintenance. It embodies New H3C's 23 years of ICT operation and maintenance experience, the accumulated operation and maintenance of 120 million online devices, and a million level case knowledge base.

Let operation and maintenance move from "experience driven" to "intelligent driven", and make reliability a redeemable ability.

Six dimensions and six puzzle pieces are indispensable.

And when these six puzzle pieces finally merge into one, it will be the true protagonist we released today??UniPoD S80000 full range of supernodes.

This is a high-performance computing platform for training and inference of trillion parameter large models. Covering a full range of products from 32 cards to 1024 cards, with a maximum high-density deployment of 128 cards per cabinet, and providing elastic expansion capability from 1024 cards to 16384 cards. Through deep optimization of software and hardware collaboration, training performance has been improved by 70%, and inference performance has been increased by three times.

It is not a simple combination of single point technologies, but a system level answer that integrates "computing, networking, storage, cloud, security, and maintenance". It is the ultimate engineering presentation of New H3C's "computing power x connectivity" concept.

Behind each token, there is a calculation, a connection, a scheduling, a security verification, and a redemption of business value.

Make every token have the ultimate cost-effectiveness!

Chapter 5: Industrial Foundation Building

Dear friends, what New H3C has built for China's AI is not just its products and solutions.

We are still on the industrial side, laying the foundation for the high-quality development of various industries.

Looking back at the industry beyond its popularity, we will find a cruel reality: the traditional industrial park model is no longer viable.

Many places have parks but lack computing power. There is a computer room, but no data. There is a large screen but no application.

Everyone is asking: How can domestic chips and models go from "good paper performance" to "good actual operation" and "good industrial development"?

New H3C's practice - the dual engine model of "Turing Town" and "Core Model Community".

This is not just a physical space, but also an operational, replicable, and sustainable integrated ecosystem of "core model use".

Turing Town: An Engine for the Development of Urban AI Industry

By providing computing power services, technology research and development, scenario applications, and industry incubation, we aim to turn computing power and models into public facilities that can be accessed and used on demand, much like electricity.

Let entrepreneurs no longer worry about the bottom tier threshold. Ready to move in, innovate immediately.

At present, New H3C has been implemented in more than ten provinces and cities across the country. Hundreds of core enterprises have settled in.

Xinmo Community: a national level AI technology innovation engine

This is the "touchstone" and "testing ground" for domestic chips and large models, where chips and models are tested in real industrial, medical, and government scenarios to select the optimal combination and shorten the technology's cycle from laboratory to market.

At present, the chip model community covers more than 10 mainstream chip models and has formed a high-value computing resource library consisting of over 90 large models and more than 60 mirrors, forming 5000 sets of the industry's best combination solutions.

Let the "carbon based brain" collide with inspiration in Turing Town, let the "silicon-based life" operate efficiently in the chip model community, and let Token empower business through scheduling engines.

The most promising future is not the park with the most buildings, but the city engine with the highest intelligence density and the strongest innovation capability.

Chapter 6: Building the Foundation of Faith

We do not sell AI anxiety, nor do we sell technological fantasies.

We only do one thing - make our customers' AI truly run and use it.

It's not that the parameters on the PPT are the strongest, but rather that the Token in the client's data center has the highest cost-effectiveness.

Yesterday, we laid out a digital neural network for China.

Today, we are going to build an intelligent thinking foundation for China.

Dear friends, let me make a summary.

Diligent cultivation and pragmatism means deep cultivation of computing power and connectivity; Empowering the times with wisdom is like lighting up AI for the future!

When the race track looking up at the stars is so crowded, there must always be someone to lay the foundation for your business development on the rock layers. There must always be someone who puts safety and control in your hands.

New H3C is willing to be the most solid builder. Join hands with everyone to build a new era of AI!

Keynote speech: Together for the New Future of AI

Just now, I said four words at the beginning - excitement, anxiety.

In the morning, we listened to strategic interpretations, product releases, partner sharing, Hangzhou Vision, and Shanghai Ambition.

There is a lot of information, but at this moment, I want to replace those four words with another four - calm, passionate.

You may ask: Are these two words not contradictory?

No

Lack of calm passion is called impulse.

Calm without passion is called mediocrity.

The people who can truly overcome cycles and win the future are those who possess both a calm mind and passion.

I want to share two truths and three beliefs with everyone: in this AI era, what makes us calm and composed? What makes us passionate?

Truth 1: A $7 trillion bill does not automatically become a value.

Last month, Reuters published an article titled 'The Dream of AI Meets the Cold Reality of $7 Trillion'.

According to the current global planned data center construction volume, including power infrastructure, servers, networks, storage, and operations, the total bill amounts to $7 trillion.

$7 trillion, close to the combined GDP of the UK and Japan, is the largest collective bet in human history on a single technological direction.

But input does not equal output, and betting does not equal return. It can create both prosperity and foam.

Calm down, we need to see clearly: can money be spent to create value?

Truth 2: 40% of intelligent agent projects will be terminated.

Gartner has released a sobering prediction that over 40% of enterprise level Agentic AI projects will be cancelled by the end of 2027.

The reason is not due to technical limitations, but rather three more fatal issues: loss of control over investment costs, ambiguous scenario value, and insufficient risk management.

Calm down, it's important to see clearly: a 40% failure rate is not a curse.

But rather a reminder. Remind us that in the face of change, the road ahead is long and arduous.

Okay. The calm words have been spoken.

Now, let's talk about passion.

Dear friends, if I only talk about being calm, then I am not worthy to stand on this stage.

Because calmness can only help you avoid traps, but only passion can take you to faraway places.

In this era, there are more reasons to be passionate than ever before.

After presenting two truths, I will share three beliefs with everyone.

Belief 1: We are living in the steepest second of the acceleration curve of human civilization.

From the domestication of wheat by humans ten thousand years ago to the rise of modern steel industry and power system over a hundred years ago; From the birth of integrated circuits more than half a century ago to the emergence of generative AI into the public eye three years ago, if we draw this transformation curve, it is almost vertical at the far right end.

We live on that vertical line.

This means that the depth and speed of the impact of every choice, product, and innovation made by our generation is unimaginable by previous generations.

This is the rarest form of technological equality in human civilization for ten thousand years.

Passion is because we live in the best of times.

Belief 2: Token is a new output and new measure of human civilization.

In the past two years, new terms and concepts brought by AI have emerged one after another. Some people say that Token is a new hot word, a foam, and a hype.

But we must see:

In the agricultural era, the core output of civilization was food.

In the industrial age, the core outputs of civilization were steel and electricity.

In the information age, the core outputs of civilization are bits and data.

In the era of intelligence, the core output of civilization is tokens.

Three years ago, it cost $20 to produce one million tokens.

Today, it only costs 0.07 US dollars, a decrease of 99.65%.

Token is not a technical jargon. It essentially measures how much thinking, judgment, generation, and execution AI has accomplished for the business.

This is not a feature of foam. This is a characteristic of technological gravitational collapse.

Passion is because we are standing at a historical moment when new outputs and new measures are established in an era. Every participant is writing a new chapter of civilization.

Belief 3: China is the deepest and widest soil for the landing of AI.

The real battlefield of AI is not in the laboratory, not in the press conference, not in the ranking of computing power.

The real battlefield of AI is in the industry.

We are witnessing a transformation that is being reconstructed by gravity.

The production logic of manufacturing is being rewritten by AI.

The diagnostic process of healthcare is being restructured by AI.

The risk control model of finance is being reshaped by AI.

The research and development paradigm of technology is being reconstructed by AI.

Behind every industry empowered by AI, three things are needed - real scenarios, massive amounts of data, and engineering capabilities.

China is precisely the world's best at these three things.

When the United States leads in computing power, while Europe explores in regulation, China's advantage lies in another dimension: we have the ability to bring AI from the laboratory to the capillaries of every industry, transform tokens into real actions on a larger scale, and take the initiative in competition in the next era.

This time, China is not just a participant, we have the opportunity to be a leader in the industrialization of AI.

Passion is because we are standing on the track that China excels in.

Dear friends.

Excited, needs to be calmly calibrated.

Anxiety needs to be melted by passion.

Calm down, let's see through the cracks -40% of projects will fail, $7 trillion will not automatically become value, and the physical world has its own rhythm.

Passion, let us see into the distance - civilization is accelerating, Token is a new measure, and China has the ability to win this competition.

And New H3C's choice is precisely the unity of these two.

This morning, we released not a set of isolated products, but a set of infrastructure answers for the AI era.

The calmness behind it is our belief that the value of AI must be fully validated by cost, efficiency, safety, and reliability;

The passion behind it is our belief that China has the opportunity to bring AI productivity into every business scenario.

This is the choice of New H3C:Using computing power to connect and build a solid foundation for AI; Open a new era of intelligence with AI for the future.

New H3C is willing to work hand in hand with everyone, cultivate pragmatically, and impart wisdom to the times!

Thank you all!