人工智能周报（25年第38周）：阿里开源深度研究Agent模型Deep Research，美团首款Agent小美公测-20250922

Investment Rating - The report maintains an "Outperform" rating for the industry [3][4][30]. Core Views - The AI sector has shown significant impact on the advertising business, cloud computing scenarios, and enterprise efficiency for internet giants, evidenced by Tencent's advertising growth of 20% in Q2 and Alibaba Cloud's acceleration to 26% [2][27]. - Recent developments include the launch of self-developed chips by companies like Baidu and Alibaba, which is expected to enhance market share for cloud service providers [2][27]. - The report recommends focusing on the AI theme, highlighting companies such as Tencent Holdings, Alibaba, Kuaishou, Baidu Group, Meitu, and Tencent Music, which are less correlated with macroeconomic fluctuations [2][27]. Company Dynamics - Baidu AI search has reached 365 million monthly active users, leading the domestic AI search industry [15]. - Tencent has launched a professional-grade AI 3D workspace called Mix Yuan 3D Studio, aimed at 3D designers and game developers [15]. - Meitu's first AI Agent product, "Xiao Mei," has entered public testing, enhancing local life service experiences [21]. Underlying Technology - Tongyi's DeepResearch model has been fully open-sourced, achieving state-of-the-art results with 30 billion parameters [22]. - ByteDance has released the Seedream 4.0 image creation model, allowing various creative modes [22]. - Alibaba has introduced the Wan2.2-Animate model for motion generation, enabling dynamic expressions in images [23]. Industry Policy - Guangdong province is supporting AI integration in the toy industry, aiming to create new market opportunities [25]. - Sichuan province plans to establish a "computing power supermarket" by 2027, aiming for unified scheduling and efficient use of computing resources [26].