AI应用之PDF篇：高粘性场景，国内外厂商各有千秋，未来可期

Investment Rating - The report maintains a "Positive" investment rating for the industry [2]. Core Insights - The integration of AI with PDF applications is enhancing office efficiency, focusing on two main aspects: knowledge retrieval and command execution [3][9]. - The report identifies two main industry pathways: "+Large Model" and "Large Model+" for AI deployment in office tools [3][9]. - Major PDF vendors like Adobe, Foxit Software, WPS Office, and Wondershare have launched AI dialogue features to improve user engagement and operational efficiency [3][9]. Summary by Sections PDF+AI Empowering Efficient Office Work - PDF reading and editing are crucial tools for serious office applications, with AI enhancing productivity through improved data querying and automation of repetitive tasks [3][9]. External Basic Large Model and "Text + UI" Control - The "+Large Model" approach combines text and UI for effective software application, establishing a competitive edge through automation technologies [4][12]. Company-Specific Features - Adobe: Offers AI Assistant for multi-document analysis, allowing uploads of up to 600 pages and enhancing document productivity [13][18]. - Foxit Software: Introduces Smart Command for text control and editing, enabling users to execute commands via natural language [19][20]. - WPS Office: Provides AI features for document Q&A, full-text summarization, and real-time translation, enhancing user experience [34]. Investment Recommendations - The report suggests focusing on companies in the AI foundational infrastructure, such as NVIDIA, AMD, and Microsoft, as well as software vendors like Adobe and Foxit Software for potential growth [5].