OpenAI新品、豆包与AI新消费

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [1]. Core Insights - OpenAI's recent 12-day conference is expected to showcase advancements towards AGI, with AI applications becoming a core driver for the performance of representative companies in the upcoming 2024 Q3 earnings season [1][53]. - The rapid growth of the user base for Doubao, a leading domestic large model, is anticipated to drive the expansion of computing centers and increase demand for AI servers [1][53]. - The report highlights four key areas for investment focus in AI applications, including the growth of computing power, strong demand for AI applications in B-end markets, the potential of AIGC applications, and the emergence of AI search as a commercial application [1][53]. Summary by Sections 1. Weekly Insights - OpenAI's conference has made significant progress in multi-modal and hardware integration [5]. - Doubao has become a leading large model in China, with a monthly active user count exceeding 59.98 million, maintaining a growth rate of nearly 20% [20][21]. - AI new consumption is supported by policies, with toys and games being the first areas to reflect AI empowerment [44][45]. 2. Industry News - Google has made breakthroughs in quantum computing with the Willow chip, enhancing quantum error correction capabilities [56]. - The Chinese government is promoting the digital consumption sector, focusing on AI integration in various industries [44]. 3. Company News - Companies like DreamNet Technology and Hikvision are actively engaging in stock repurchase plans and incentive programs to enhance shareholder value [62]. 4. Market Review - The report notes a decline in major indices, with the computer sector experiencing a 3.1% drop [1][65].