Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected industry index increase of over 5% in the next six months [22]. Core Insights - Major global cloud computing giants are significantly increasing their investments in AI, with Google announcing a capital expenditure of approximately 75billionforserversanddatacentersby2025,whileAlibabaCloudisfocusingonAIcommercializationandplanstoserveonemillioncustomersinthenextthreeyears[5][10].−ThegapinAImodelperformancebetweenChinaandtheUShasnarroweddramatically,from17.575 billion investment plan for AI and cloud services, including the launch of the Ironwood TPU chip designed for inference workloads [14]. - The Agent2Agent (A2A) protocol was introduced to enhance interoperability among AI agents across different platforms [14]. 1.4 OpenAI's Global Memory Feature - OpenAI launched a global memory feature for ChatGPT, allowing personalized interactions based on user history, and announced the replacement of GPT-4 with GPT-4o by the end of April [15]. 2.1 AI Research Insights - The Stanford AI Index Report highlighted the narrowing performance gap between top AI models in China and the US, with notable advancements in efficiency and cost reduction in AI technologies [16].
