计算机：字节AI链哪些最持续

Investment Rating - The report maintains an "Overweight" investment rating for the industry [1] Core Insights - ByteDance is rapidly advancing in AI, with domestic and international applications accelerating. The company has reinitiated its "App Factory" strategy, launching numerous apps globally, including Doubao, Maoxiang, Xinghui, and Doubao Aixue. Notably, Doubao ranked fifth in global downloads among AI applications in the first eight months of 2024, making it the only Chinese AI app on the list [3][19][26] - The Volcano Engine, ByteDance's cloud service platform, is establishing a foundational AI IaaS (Infrastructure as a Service) base with its Doubao large model. The GenAI IaaS market experienced explosive growth in 2023, with Volcano Engine becoming the largest cloud provider in this sector [4][30][29] - ByteDance is positioned to become a core player in the AI glasses market, leveraging its acquisition of the open-ear headphone brand Oladance and its existing technology in audio and large models [5][45] - The AI toy market presents significant opportunities, with ByteDance launching the AI plush toy "Xianyanbao," which has gained popularity and high resale value. The global smart AI toy market is projected to grow at a CAGR of 14.7% from 2022 to 2030 [6][61] Summary by Sections AI Applications - ByteDance's "App Factory" strategy has led to the launch of various AI applications, with significant global market presence. Key applications include Doubao (chatbot), Maoxiang (interactive storytelling), and Xinghui (photo generation) [3][17][19] - In 2024, several ByteDance applications ranked among the top 50 generative AI web and mobile products, highlighting the company's competitive edge in the AI space [19][22] Computing Power - The Volcano Engine provides comprehensive support from cloud infrastructure to intelligent applications, establishing itself as a leader in the GenAI IaaS market. The market size for AI IaaS reached 32.2 billion RMB in the second half of 2023, with a year-on-year growth of 85.8% [4][30][29] - The report emphasizes the importance of computing power in supporting ByteDance's AI initiatives, including the Doubao large model and various AI applications [40][28] AI Glasses - The AI glasses market is gaining traction, with ByteDance's acquisition of Oladance positioning it to leverage its technology in this emerging sector. The report notes the success of Meta's Ray-Ban Meta glasses, which have sold over 1 million units [5][43][45] AI Toys - The AI toy segment is highlighted as a significant growth area, with ByteDance's "Xianyanbao" plush toy demonstrating strong market demand and resale value. The global smart AI toy market is expected to grow from 12.143 billion USD in 2022 to 36.377 billion USD by 2030 [6][61][57]