On November 8, CSC Financial released its 2027 annual investment strategy report for the communications industry. The report noted that large-model commercialization expanded rapidly in 2026, with OpenAI and Anthropic recording a combined ARR of approximately US$124 billion as of the end of September 2026. The four major North American CSP providers posted total capital expenditure of approximately US$208.7 billion in the third quarter of 2026, up 84.2% year on year, as AI infrastructure investment remained at a high intensity. Recursive self-improvement (RSI) is expected to drive a leap in model capabilities. Demand for AI continues to expand; AI programming has established a relatively clear commercialization pathway, while areas such as design, modeling, and simulation within the broader programming field, along with directions such as AI4Science and robotics, are further opening up long-term growth space. CSC remains optimistic about the industry outlook, is bullish on the computing power demand generated by AI development, and maintains a long-term bullish outlook on both North American and domestic AI computing power industry chains.