“人工智能+”行动意见通过，我国AI应用有望加速渗透

Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [7]. Core Insights - The approval of the "Artificial Intelligence +" action plan by the State Council is expected to accelerate the penetration of AI applications in various sectors, indicating a broader space for growth compared to the "Internet +" initiative [2][4]. - The report emphasizes the importance of the AI full industry chain investment opportunities in China, predicting a tripartite resonance of technology, policy, and commercialization in the AI industry by the second half of 2025 [2][11]. Summary by Sections Policy Overview - On July 31, 2025, the State Council, led by Premier Li Qiang, approved the "Artificial Intelligence +" action plan, aiming to promote large-scale commercialization of AI applications and enhance integration across economic and social development sectors [4]. - The government will strengthen demonstration roles through state-owned enterprises and optimize the AI innovation ecosystem by enhancing computing power, algorithms, and data supply [4]. Market Potential - The report compares "Artificial Intelligence +" to "Internet +", suggesting that the former has a more extensive potential for transformation across industries, with AI expected to reshape production processes and efficiency [11]. - The report highlights that the AI industry is anticipated to experience significant advancements in model capabilities, policy support, and cost reductions, leading to accelerated monetization of AI applications [11]. Investment Opportunities - Key areas for investment include AI infrastructure, overseas applications in video, coding, and integrated solutions, as well as vertical integration companies in specific scenarios like education, taxation, and healthcare [11].