Huawei releases 2024 annual report. Among them, Huawei Cloud achieved sales revenue of 68.8 billion yuan, a year-on-year increase of 24.4%. Overseas public cloud revenue increased by more than 50%, and Ascend AI cloud service achieved a six-fold growth. In the field of AI, Huawei Cloud has released CloudMatrix, an AI-Native cloud infrastructure architecture, to provide efficient, long-term, and reliable AI computing power for large-model training and reasoning. Pangu Big Model ranks first in the market share of government affairs, industry, and finance, and is in the leader quadrant of medical care, pharmaceuticals, meteorology, and automobiles, leading the Chinese industry big model market.