电子行业快评报告：深圳发布“AI十八条”，推动建设人工智能先锋城市

Investment Rating - The industry investment rating is "Outperform the Market" with an expected relative increase of over 10% in the industry index compared to the market over the next six months [12]. Core Insights - Shenzhen has issued measures to establish itself as a leading city in artificial intelligence, aiming to create a national AI innovation development pilot zone and an AI application leading area [1]. - The measures include substantial financial support for AI infrastructure and model applications, which are expected to significantly reduce costs for enterprises in training AI models and purchasing model services [2]. - The initiative also aims to support AI applications across various sectors, promoting digital transformation in traditional industries and fostering software innovation [3]. - The establishment of patient and bold capital is emphasized to support early-stage investments in hard technology, facilitating mergers and acquisitions to promote innovative enterprises [4]. Summary by Sections Investment Highlights - The measures propose annual subsidies for advanced computing infrastructure, including a maximum of 500 million yuan for "training vouchers" to lower AI model development costs, and 50 million yuan for "corpus vouchers" to promote data sharing [2]. - Support for AI applications in urban governance and public services, with funding for hardware products and software development, is also outlined [3]. Industry Outlook - The report suggests that the measures will create a more open application environment for AI, leading to significant market growth in various application scenarios [3]. - The focus on nurturing patient and bold capital is expected to drive high-quality development in the AI sector, supporting long-term growth and innovation [4]. Investment Recommendations - The report recommends focusing on companies in the computing infrastructure chain and high-quality enterprises in Shenzhen, as well as opportunities arising from AI applications and data element industries [9].