Digital Economy Weekly (2026 Issue 26): Compute-Power Coordination Accelerates as the AI Race Intensifies
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China Galaxy Securities' Digital Economy Weekly (2026, Issue 26) argues that new power systems are becoming core infrastructure for the AI era. On August 3, the NDRC and the National Energy Administration issued the 15th Five-Year Plan for New Power System Construction, targeting initial completion by 2030 and identifying compute-power coordination as a key direction. Global tech indices rallied during the week: the STAR Market Composite jumped 10.96% and the Nasdaq rose 5.19%, with US AI infrastructure stocks broadly stronger and Nvidia up 11.56%. OpenRouter logged roughly 63.8 trillion tokens in weekly model calls, with DeepSeek remaining the global leader. Leading AI players are pushing into underlying chips: Anthropic has formed an internal chip team, and AMD has acquired an AI inference-chip startup. Alibaba Cloud released the new Qwen3.8-Max base model, expanding total parameters to 2.4T while activating only 95B per inference. The US launched its first state and regional AI infrastructure hub program, worth $100 million for up to 10 hubs, and the European Commission signed the IRIS² implementation agreement for a 348-satellite constellation. Looking ahead, DeepSeek plans substantial API price increases while OpenAI offers free users unlimited text interactions. The report names no specific stock picks.