Seek .(US:SKLTY) Zheng Quan Shi Bao Wang·2025-12-02 02:43Core Insights - DeepSeek has launched two new models: DeepSeek-V3.2 and DeepSeek-V3.2-Speciale, aiming to enhance reasoning capabilities and output efficiency for various applications [1][2]. Model Features - DeepSeek-V3.2 is designed to balance reasoning ability and output length, making it suitable for everyday tasks such as Q&A and general agent tasks. It has achieved performance levels comparable to GPT-5 in benchmark tests, slightly below Gemini-3.0-Pro [2][3]. - DeepSeek-V3.2-Speciale enhances long reasoning capabilities and incorporates theorem proving abilities from DeepSeek-Math-V2. It has excelled in mainstream reasoning benchmarks, winning gold medals in several prestigious competitions [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. The model has been trained on over 1,800 environments and 85,000 complex instructions, significantly improving its generalization capabilities [4][5]. - The Speciale version, while superior in handling complex tasks, requires more tokens and incurs higher costs. It is currently available only for research purposes and is not optimized for daily conversation or writing tasks [3][4]. Industry Outlook - The AI industry is experiencing a period of resonance, with rapid expansion in AI infrastructure and commercialization of downstream applications. This trend is expected to continue, with a focus on AI infrastructure and applications as key investment themes through 2026 [5][7]. - Investment opportunities are suggested in areas such as domestic AI chains, AI hardware in overseas markets, and innovations in domestic edge AI industries, particularly in automotive electronics [7].