AI行业跟踪报告第47期：软件+硬件双管齐下，字节加速构建豆包生态

Investment Rating - The report maintains a "Buy" rating for the electronic industry [1]. Core Insights - ByteDance is accelerating the construction of the Doubao ecosystem through a dual approach of software and hardware [1]. - The Doubao AI model family includes various models for language understanding, generation, and multimodal applications, showcasing ByteDance's comprehensive capabilities in generative AI [15][17]. - ByteDance's Doubao app has achieved significant user growth, surpassing competitors in the AI application space [21][23]. Summary by Sections 1. ByteDance Overview - ByteDance, founded in March 2012, aims to create a global platform for creativity and communication, with a diverse product matrix including Douyin, TikTok, and more [3][5]. - The company has undergone organizational restructuring to establish six major business units, enhancing operational efficiency [3]. 2. Doubao AI Model - The Doubao AI model family includes various models such as Doubao PixelDance and Seaweed, which excel in language understanding and video generation [17][20]. - ByteDance's pricing strategy for the Doubao model is significantly lower than competitors, leading to a price war in the AI model market [21]. 3. AI Hardware Initiatives - ByteDance is expanding into AI hardware, acquiring the earphone brand Oladance and launching AI toys and smart glasses [25][29]. - The Doubao app integrates with the Ola Friend AI smart earphone, allowing users to interact without needing to access their phones [25]. 4. Investment Recommendations - The report suggests focusing on the AI supply chain, particularly in AI smart hardware and cloud services, highlighting specific companies for potential investment [40][41].