传媒行业周报：智谱AI推出自主智能体AutoGLM，关注应用端侧落地机会

Investment Rating - The report maintains a "Recommended" investment rating for the media industry [1]. Core Insights - The launch of AutoGLM by Zhipu AI marks the beginning of domestic edge AI agents, indicating a significant shift towards AI applications in daily tasks [1][14]. - OpenAI's recent upgrade to ChatGPT, enabling web search capabilities, intensifies competition with Google by providing personalized search results based on user history [1][8]. - The overall performance of the A-share media sector is improving, driven by ongoing iterations of large models and the digital transformation of media companies [1][25]. Summary by Sections 1. Weekly Market Performance - From October 28 to November 1, 2024, the Shenwan Media Index fell by 2.77%. The top five gainers included Dianguang Media, Simai Media, and Visual China, while the top five losers included Zitian Technology and Zhongqingbao [7]. 2. Industry News - OpenAI's ChatGPT now includes a search function, enhancing its competitiveness against traditional search engines [8]. - Zhihu's AI search product, Zhihu Direct Answer, launched a "professional search" feature, integrating over 50 million Chinese and English documents [8][9]. - In October 2024, the National Press and Publication Administration issued 113 game licenses, significantly exceeding the previous year's figures [11]. 3. Key Company Announcements - Key companies such as Kaiying Network and China Publishing reported their Q3 2024 earnings, with varying growth rates in revenue and net profit [12][13]. 4. Weekly Perspective - The introduction of AutoGLM is expected to enhance user efficiency by automating common tasks on mobile devices, thus transforming user interaction with applications [14][15]. 5. Investment Recommendations - The report suggests focusing on three main lines within the media sector: 1. The film sector, particularly companies like China Film, which are expected to recover performance due to valuation adjustments and supply releases. 2. The publishing sector, emphasizing high-dividend, low-valuation companies such as Zhongwen Media and Phoenix Media. 3. Game companies with quality IP and international expansion strategies, recommending attention to companies like 37 Interactive Entertainment and Giant Network [25].