传媒2024世界人工智能大会：聚焦AI多模态、产品化

Industry Investment Rating - The report maintains a "Stronger than the Market" rating for the media industry [4][5] Core Views - The 2024 World Artificial Intelligence Conference (WAIC) highlighted the acceleration of AI application ecosystems, with over 500 companies participating, including major tech firms like Baidu, Tencent, and Alibaba, as well as AI startups such as MiniMax, Baichuan Intelligence, and StepFun [1][6] - The domestic AI model competition has entered its second half, with a focus on multi-modal generation capabilities, vertical application landing, and commercialization exploration [1][6] - Both tech giants and startups are actively advancing AI model capabilities and exploring commercialization paths, with significant progress in search, Q&A, and emotional companionship applications [4] Tech Giants: Focus on Multi-modal Capabilities and Business Synergy - Baidu: Enhanced model quality and reduced costs, with ERNIE 4.0 Turbo priced at 0.03/0.06 yuan per thousand tokens, and launched industry-specific solutions in education, HR, enterprise services, entertainment, and healthcare [7] - Tencent: Introduced "Tencent Yuanbao," an AI assistant covering work efficiency and entertainment, and showcased multiple C-end applications like XMusic and "Create! Our Planet" [9][10] - Alibaba: Highlighted "Tongyi Lingma," a smart coding tool with 350 million downloads, and "Alipay Smart Assistant," which integrates various life services [11] - SenseTime: Released "Rixin 5o," a multi-modal model comparable to GPT-4o, and "Vimi," a video generation model capable of producing stable 1-minute character videos [13] - Kuaishou: Upgraded its "Keling" model, generating 7 million videos, and launched a web version with enhanced capabilities [13] - NetEase: Showcased its multi-modal assistant "Danqing Yue" and announced the launch of a game Copilot in "Naraka: Bladepoint" [15] - Bilibili: Displayed its self-developed LLM and AI-powered dynamic comic technology, enhancing content creation efficiency [16] AI "New Forces": Accelerating Application Landing and Commercialization - MiniMax: Demonstrated multiple C-end applications like "Conch AI" and "Starry," and served over 30,000 enterprises and developers [17] - Baichuan Intelligence: Focused on healthcare applications, showcasing "Baixiao Ying" and an AI health advisor [18] - Zhipu AI: Upgraded its CodeGeeX model, serving over 400,000 enterprise clients with daily API calls reaching 60 billion tokens [19] - StepFun: Released three new models and collaborated with Shanghai Film for IP-based AI interactive experiences [20] Investment Recommendations - The report suggests focusing on companies with rapid AI C-end application landing, such as Kunlun Wanwei and Shengtian Network, as well as undervalued gaming companies like恺英网络 and Giant Network [4]