Ge Long Hui A P P·2025-12-02 04:39Core Viewpoint - Nomura reports that ByteDance is collaborating with ZTE to launch an AI assistant integrated into ZTE's Nubia smartphone brand, indicating a significant advancement in edge AI applications [1] Company Summary - ByteDance and ZTE are partnering to introduce an AI assistant on the Nubia M153 smartphone, priced at 3,499 RMB [1] - The AI assistant can be activated via voice or a side button, capable of executing complex multi-step tasks across applications, such as booking tickets [1] - This collaboration is seen as a seamless integration of advanced AI systems into edge devices, positioning ZTE as a key beneficiary of ByteDance's edge AI initiatives [1] Industry Summary - The partnership may enhance ZTE's smartphone sales, although the company faces challenges in its core telecom equipment business due to a declining capital expenditure cycle in the Chinese market [1] - ZTE's rapidly growing AI server business may dilute overall gross margins in the short term [1] - Nomura maintains a neutral rating on ZTE with a target price of 39 HKD [1]