计算机行业：豆包大模型行业深度报告：AI投入持续加大，C端、B端两手齐抓

Investment Rating - The report rates the industry as "Positive" [2] Core Insights - The report emphasizes the continuous increase in AI investment, with a dual focus on both consumer (C-end) and business (B-end) sectors [2][3] - ByteDance leads in AI computing power investment among major companies, with a projected server procurement of $8 billion in 2024, ranking first among domestic enterprises [3][8] - The Doubao model has shown significant performance improvements, achieving a 32% enhancement in comprehensive capabilities compared to its May version, aligning with GPT-4o levels [3][20] - Doubao's pricing strategy is highly competitive, with input costs for its visual understanding model at 0.003 yuan per thousand tokens, 85% lower than the industry average [3][27] Summary by Sections 1. ByteDance's AI Strategy - ByteDance has established a clear division of labor in AI, with dedicated teams for model development and application, laying a solid foundation for growth [6] - The Doubao model has rapidly advanced, achieving performance metrics comparable to GPT-4o [14][20] - ByteDance's ecosystem advantages, including traffic from platforms like Douyin and Toutiao, have helped Doubao gain a significant user base [32][36] 2. Doubao's Potential Across Multiple Sectors - The AI agent market is expected to grow rapidly, with a projected market size of 852 billion yuan by 2028, driven by increasing enterprise investments in AI [3][45] - ByteDance's Volcano Engine and implementation partners are injecting new vitality into B-end digital applications [3][38] 3. Related Investment Opportunities - The report suggests focusing on companies such as Hand Information, Lexin Technology, Runze Technology, and Lenovo Group as potential investment targets [3]