DeepSeek，又有大动作！

Core Insights - DeepSeek has launched two new models: DeepSeek-V3.2 and DeepSeek-V3.2-Speciale, aiming to enhance reasoning capabilities and output length for various applications [1][2][3] Model Features - DeepSeek-V3.2 is designed for everyday use, balancing reasoning ability and output length, and has achieved performance comparable to GPT-5 in benchmark tests [2][3] - DeepSeek-V3.2-Speciale enhances long reasoning capabilities and incorporates theorem proving abilities from DeepSeek-Math-V2, excelling in complex tasks but requiring more tokens and higher costs [3][4] Technological Advancements - DeepSeek-V3.2 is the first model to integrate reasoning with tool usage, supporting both reasoning and non-reasoning modes for tool invocation, significantly improving generalization capabilities [4] - The model has been trained on over 1,800 environments and 85,000 complex instructions, narrowing the performance gap between open-source and closed-source models [4] Market Outlook - The AI industry is experiencing a resonance period, with rapid expansion in AI infrastructure and commercialization of downstream applications, expected to continue thriving through 2026 [5][6][7] - Investment opportunities are identified in domestic AI chains, overseas AI hardware markets, and innovative applications in the domestic edge AI industry [7]