人工智能行业点评报告：微信接入DeepSeek，关注腾讯生态、算力及应用

Investment Rating - The industry investment rating is "Positive" (maintained) [5] Core Insights - The integration of DeepSeek R1 into WeChat is expected to enhance user experience and unlock more AI application scenarios within the Tencent ecosystem, which has a monthly active user base of 1.382 billion [2][5] - The demand for reasoning computing power is anticipated to grow rapidly, benefiting cloud infrastructure and domestic computing card manufacturers due to the high concurrency requests generated by AI search functionalities [3] - DeepSeek's deployment is gaining traction, with a focus on vertical applications, as it offers a cost-effective and secure solution for domestic clients who prefer private or dedicated cloud models [4][6] Summary by Sections AI Search Integration - WeChat has introduced DeepSeek R1 for AI search, currently in a gray testing phase, allowing users to access the model without additional downloads or fees [5] - The integration is expected to accelerate the unlocking of AI scenarios within the Tencent ecosystem, benefiting various partners [5] Computing Power Demand - The AI search functionality will require substantial computational resources for real-time natural language processing and multi-source data retrieval, leading to increased demand for GPUs/TPUs [3] - Even a small percentage of WeChat's user base utilizing AI search will result in a significant increase in concurrent requests, further amplifying the need for computing power [3] Deployment and Application Development - DeepSeek's open-source model is tailored for domestic clients, who are sensitive to data security and prefer independent deployments [4] - The low-cost structure of DeepSeek is expected to unlock more application scenarios, enhancing the return on investment (ROI) for various industries [4] - The development speed of vertical applications is projected to increase significantly with the availability of open-source AI models like DeepSeek [6] Recommended Focus Areas - Suggested companies to watch include Tencent ecosystem companies such as StarRing Technology and Panwei Network, as well as computing infrastructure firms like Cambricon and Haiguang Information [7]