On August 14th, as China Telecom released its mid year performance report for 2025, all three major telecom operators' semi annual reports for 2025 were released. During the reporting period, the basic business of the three major telecom operators grew steadily, and strategic emerging businesses developed rapidly, especially in the field of artificial intelligence (AI), which became a key focus of development and deployment. The three major telecom operators have stated that they will increase their investment in strategic emerging industries such as artificial intelligence in the next step. In the first half of 2025, the emerging businesses of the three major telecom operators will maintain rapid growth. According to data from China Telecom, Tianyi Cloud's revenue reached 57.3 billion yuan in the first half of the year; Intelligent revenue reached 6.3 billion yuan, a year-on-year increase of 8.4%; Satellite revenue increased by 20.5% year-on-year, while quantum revenue increased by 171.1% year-on-year. China Mobile is accelerating its "cloud to smart" upgrade, with mobile cloud revenue reaching 56.1 billion yuan during the reporting period, a year-on-year increase of 11.3%. 5G vertical industry applications remain leading, and 5G private network revenue has grown rapidly, reaching 6.1 billion yuan, a year-on-year increase of 57.8%. China Unicom also submitted a stable semi annual report, with its revenue from network computing and intelligent services reaching 45.4 billion yuan in the first half of the year, accounting for 26% of its main revenue; China Unicom Cloud's revenue reached 37.6 billion yuan, a year-on-year increase of 4.6%. With the deepening of the "Artificial Intelligence+" initiative, the three major telecom operators have accelerated the intelligent upgrading of their digital information infrastructure, promoting innovation in artificial intelligence technology and industrial implementation. Currently, a new round of technological revolution and industrial transformation represented by artificial intelligence and quantum technology is accelerating, and enterprise development has entered a critical period. ”Ke Ruiwen, Chairman of China Telecom, stated that China Telecom is fully implementing the "cloud to digital to smart" strategy, strengthening the integration of innovation led basic business and production data business; Deepen the promotion of the "Artificial Intelligence+" initiative, so that the intelligent dividend can better benefit thousands of industries and households. Yang Jie, Chairman of China Mobile, introduced at the performance briefing that currently China Mobile's AI related revenue has reached the level of several billion yuan. The company's revenue in the field of AI mainly comes from four directions: the provision of AI computing power, artificial intelligence big model services, data processing and annotation, and various AI applications. In the future, it will actively expand the application scenarios of AI. ”Chen Zhongyue, Chairman of China Unicom, said that with the company's new upgrade, the network is evolving from communication network and Internet to data network, computing network and intelligent network, that is, from "communication pipeline" to "AI ecology". With the integration, innovation, and large-scale application of computing power, data, and intelligence, these achievements will inevitably bring greater new value to the company, "he said. Data shows that currently, China Telecom is actively introducing new technologies on the basis of the 10000 card cluster in the Beijing Tianjin Hebei and Yangtze River Delta regions. It has built super node clusters at the hub nodes of the Guangdong Hong Kong Macao Greater Bay Area, with its own intelligent computing power reaching 43 EFLOPS and its own and access computing power reaching 77 EFLOPS. China Mobile continues to accelerate its cutting-edge layout, launching VLA embodied intelligent large models, completing trillion parameter level large model pilot tests, and upgrading the "Jiutian" specialized large model matrix with over 50 industry models. China Unicom's large-scale commercial application of artificial intelligence has shown initial results, with over 30 trusted data spaces and hundreds of AI intelligent agents built. In recent years, the capital expenditures of the three major telecom operators have remained stable with a slight decrease overall. In the first half of the year, China Mobile completed a capital expenditure of 58.4 billion yuan, while this year's annual capital expenditure plan is 151.2 billion yuan; China Unicom's capital expenditure was 20.2 billion yuan, a year-on-year decrease of 1.5%; China Telecom's capital expenditure during the reporting period was RMB 34.2 billion, and it is expected that the annual capital expenditure will not exceed RMB 83.6 billion. Despite further reductions in capital expenditures, the investments of the three major telecom operators in areas such as AI are expected to further increase on the existing basis. Chen Zhongyue stated that 2025 is an important milestone for the practical implementation of artificial intelligence applications. It will promote the integration and innovation of different technology fields, production factors, industry categories, and application scenarios, create a new ecosystem of AI infrastructure, AI technology, and AI industry integration, and increase investment in strategic emerging industries such as AI. It is expected that the annual capital expenditure will be around 55 billion yuan. When it comes to the capital expenditure plan for the second half of the year, He Biao, General Manager of China Mobile, stated at the performance briefing that the focus of the company's capital expenditure this year is still on the field of computing power, and the core of computing power is artificial intelligence. The investment intensity in the second half of the year will be faster than that in the first half, in order to strengthen China Mobile's AI centered corporate strategy, create new growth momentum for AI, and safeguard the company's new growth curve. According to research by Oriental Wealth Securities, current telecommunications operators are facing challenges such as the saturation of traditional communication demand, the cultivation of new information services, intensified market competition, and increased difficulty in achieving marginal growth in scale. However, with the macroeconomic recovery and continued opportunities brought by artificial intelligence and the digital economy, related enterprises are expected to achieve steady annual revenue growth and good profit growth with a good development foundation. (New Society)