股往金来 | 国金证券孟灿：AI应用破晓在即 “软硬结合”定义中国优势

Core Insights - The Chinese AI industry is at a pivotal moment, with significant advancements in both upstream computing power and downstream application commercialization [1] - The unique advantage of China lies in its "soft and hard integration," which is expected to be a core competitive strength in driving AI commercialization [1] Upstream Developments - The computing power segment of the AI industry chain is experiencing sustained high demand, indicating a robust growth environment [1] Downstream Applications - The commercialization of AI applications is entering a critical breakthrough phase, suggesting that practical implementations are becoming more viable and widespread [1]