诺安基金左少逸：人工智能新基建价值落地 看好AI智能终端

Core Viewpoint - The technology sector is currently one of the most dynamic segments in both A-shares and Hong Kong stocks, with a positive outlook for 2025 despite potential fluctuations [1] Group 1: Market Trends - The decline in costs associated with artificial intelligence is facilitating the entry of consumer-grade products such as AR glasses and service robots into the market [1] - The integration of large models into industries like intelligent driving is a significant trend, alongside the focus on new infrastructure and innovation in technology [1] Group 2: Competitive Landscape - The competition in computing power driven by large model training is crucial for the global technology industry's development, as it reduces the costs of training and using large models [1] - The concept of "vehicle-road-cloud integration" is essential for the further advancement of intelligent driving technologies [1] Group 3: Investment Focus - Future investments should concentrate on intelligent terminals and application sectors, with attention to the decreasing costs of computing power, upgrades of large models, and the empowerment of industries through low-cost solutions [1] - Domestic large models are being integrated into various fields such as finance and healthcare, promoting intelligent upgrades through customized development and fostering the collaborative development of industry standards and application ecosystems [1]