AI行业跟踪报告第44期：AITo B星辰大海，建议关注企业级AI领导者第四范式

Investment Rating - The report maintains a "Buy" rating for the computer industry, specifically highlighting the potential of enterprise-level AI leaders like Fourth Paradigm [1]. Core Insights - The spending on decision-making AI is rapidly increasing, with a projected compound annual growth rate (CAGR) exceeding 30% from 2022 to 2027, indicating a strong market demand for AI solutions [1]. - The AI To B market is expected to experience significant growth, with enterprises increasing their budgets for generative AI services nearly doubling, reflecting a shift from experimentation to production [4]. - The demand for digital transformation among enterprises and government entities is on the rise, with software spending projected to grow at a CAGR of 24.5% from 2021 to 2026 [5]. Summary by Sections Section 1: AI Industry Growth - Decision-making AI is categorized as the fastest-growing segment within the AI industry, with the market size expected to reach RMB 210.4 billion by 2027, driven by a CAGR of 31.7% [1]. - The Chinese government has implemented favorable policies to promote AI as part of the "new infrastructure" initiative, accelerating the development of a new industrial ecosystem [1]. Section 2: Fourth Paradigm Overview - Fourth Paradigm is a leading AI software company focused on providing platform-centric AI solutions that enable enterprises to develop their own decision-making AI applications [6]. - The company's revenue is primarily derived from three main business segments: 4Paradigm Sage AI platform (59.6%), 4Paradigm SHIFT AI+ solutions (30.5%), and 4Paradigm AIGS (9.9%) [8]. Section 3: Investment Recommendations - The report suggests focusing on Fourth Paradigm as a key player in facilitating enterprise digital transformation, given the rapid growth in decision-making AI spending and the increasing willingness of enterprises to invest in AI solutions [23].