On June 24th, Doubao Professional Edition was officially launched. Days earlier, ByteDance announced a plan to purchase no less than 50,000 AI inference chips from Chinese GPU company Iluvatar CoreX for Doubao's terminal inference needs. If realized, this procurement would be a major breakthrough for Iluvatar CoreX, whose stock price has soared. Iluvatar CoreX is the first Chinese company to mass-produce training + inference GPUs and the first to achieve 7nm mass production. After founder Li Yunpeng left, the company formed a management team combining a "capital-oriented chairman" and executives with technical backgrounds from AMD and NVIDIA. Listed on the Hong Kong Stock Exchange, Iluvatar CoreX is part of the "Four Giants of Domestic GPUs." It chose to develop in three directions: "training + inference + edge." According to Reuters, ByteDance's procurement is to cope with computing power pressure from Doubao AI, which had a monthly active user count of 368 million in May, a year-on-year increase of 182%. As of March, Doubao's daily Token call volume exceeded 120 trillion. If completed, Iluvatar CoreX would become ByteDance's third-largest domestic GPU supplier after Huawei Ascend and Cambricon. Alibaba is also in contact with Iluvatar CoreX and is likely to become its next customer.