传媒：Sora迎来更新，视频生成模型持续迭代

Investment Rating - The industry investment rating is "Leading the Market," indicating an expected outperformance of over 10% relative to the benchmark index in the next 6-12 months [5]. Core Insights - OpenAI has officially launched the Sora AI video generation model, which has undergone significant updates since its initial preview 10 months ago. The new version, Sora Turbo, will be available as a standalone product for ChatGPT Plus and Pro users [2]. - The Sora model can generate videos in various aspect ratios and resolutions, ranging from 480p to 1080p, with durations from 5 seconds to 20 seconds. It offers multiple video versions in one generation, allowing users to select the best option [2]. - The model includes advanced features such as Remix, Re-cut, Storyboard, Loop, Blend, and Style presets, enhancing its functionality for content creators [2]. - The pricing structure for Sora includes $20/month for ChatGPT Plus users, providing 50 priority videos, and $200/month for ChatGPT Pro users, offering 500 priority videos and unlimited relaxed videos [2]. - The AI-generated content (AIGC) market is experiencing rapid growth, with the number of independent devices increasing from 32.51 million at the beginning of the year to 82.81 million by September, reflecting a penetration rate rise from 2.3% to 5.8% [2]. Summary by Sections Industry Performance - The report highlights that the AIGC applications are empowering content creation, with significant user growth in various applications. The main application scenarios for generative AI products among ordinary users include answering questions, daily office tasks, entertainment, and content creation [2]. Market Trends - The report notes that the user base for popular apps is diversifying, with certain apps like Doubao and Wenxiao gaining millions of active users. The compound growth rate for Kimi Smart Assistant and Doubao has exceeded 15% in the last three months, showcasing a significant growth advantage in the same category [2]. Investment Recommendations - The report suggests focusing on leading companies that are continuously innovating in model-related technologies, which are revitalizing the AI content creation ecosystem. Recommended companies include BlueFocus, Tom Cat, Kunlun Wanwei, Tianyu Digital Science, and others [2].