策略深度报告：AI产业迈入成长期，坚定中国AI产业发展信心

Group 1 - The artificial intelligence (AI) industry is entering a growth phase, significantly enhancing global economic growth potential. The fourth industrial revolution, represented by AI, is rapidly evolving worldwide, which will notably increase the economic growth potential globally. IDC predicts that by 2026, digital products, services, and experiences will contribute over 40% to the total revenue of the top 2000 global enterprises [4][21][22] - AI applications are expected to expand continuously as performance and cost bottlenecks are overcome. The report anticipates that AI will transition from thematic investment to growth investment, with initial applications in entertainment, gaming, and e-commerce, followed by education and healthcare [4][30][32] - The technology gap between China and the US in large models is narrowing rapidly, with China's DeepSeek-R1 model performance now comparable to OpenAI's models. This indicates a strong potential for the Chinese AI industry to develop further [4][18][21] Group 2 - The report emphasizes the long-term confidence in the development of China's AI industry, highlighting that major Chinese internet companies have significantly increased their capital expenditures, with Alibaba and Tencent showing substantial increases in Q4 2024 [4][21][22] - The investment strategy suggests focusing on hardware sectors with high earnings certainty in the short term, such as domestic AI chips and computing infrastructure, while mid-term opportunities should be sought in application sectors like entertainment and education [4][30][32] - The report predicts that China will produce local AI technology giants, supported by a complete manufacturing supply chain, strong engineering capabilities, and a large domestic market, which increases the likelihood of breakthroughs in the AI sector [4][21][22]