媒体Ⅱ：豆包·视觉理解模型发布/大模型家族迭代升级，关注字节系AI应用投资机会

Investment Rating - The industry investment rating is "Positive" and maintained [15] Core Insights - The report highlights the launch of the Doubao Visual Understanding Model, which demonstrates superior capabilities and a significant price advantage, being 85% lower than industry averages [13][22] - The Doubao model has shown impressive data performance, with a rapid increase in usage scale, indicating the potential for AI technology to reshape various industries [14][22] - The report suggests focusing on investment opportunities related to ByteDance's AI applications, particularly in education, tourism, and e-commerce sectors [14][22] Summary by Sections - Model Capabilities: The Doubao Visual Understanding Model features enhanced content recognition, reasoning abilities, and detailed visual description capabilities, making it applicable in education, tourism, and e-commerce [13][22] - Market Performance: As of November 2024, Doubao's monthly active users reached 59.98 million, second only to ChatGPT, with a daily token usage exceeding 4 trillion, marking a growth of over 33 times since its launch [14][22] - Industry Impact: The report emphasizes the ongoing evolution of the Doubao model family, with significant upgrades in various capabilities, and the introduction of tools aimed at accelerating the deployment of large models across industries [26][22]