计算机行业周报：大模型、应用百花齐放，算力军备竞赛如火如荼

Investment Rating - The report maintains an "Overweight" rating for the computer industry, indicating a positive outlook for the sector's fundamentals and expected performance relative to the benchmark index over the next 12 months [8]. Core Insights - Domestic large model innovations are advancing, aiming to catch up with the US. Notable developments include DeepSeek's release of the DeepSeek-R1 model, which significantly enhances inference capabilities at a competitive price point compared to OpenAI's offerings [2]. - The AI agent landscape is accelerating, with companies like Zhiyun and OpenAI launching new intelligent agents that enhance user interaction and task completion efficiency [3][6]. - The competition for computing power is intensifying, with significant investments announced in AI infrastructure, including a $100 billion initial investment plan by major tech firms in the US [7]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.33%, while the computer index increased by 3.95%, outperforming major indices [1]. AI Computing Power - Companies such as ByteDance and MiniMax are making strides in AI model development, with models that outperform leading international counterparts in various benchmarks [2]. - The report highlights the increasing demand for AI computing power, with significant capital expenditures planned by major players in the industry [7][8]. AI Applications - The report suggests focusing on companies involved in AI computing power and applications, including Haiguang Information, Cambricon, and Kingsoft Office, among others [8].