Haitong Securities International·2025-10-15 05:58Investment Rating - Investment advice is optimistic about the long-term growth of domestic computing power and AI applications, particularly focusing on key targets in AI video and image-related sectors [3][7]. Core Insights - OpenAI's annual developer conference showcased the development of ChatGPT as an AI operating system, with significant user engagement, including 800 million weekly active users and over 4 million developers utilizing OpenAI [3][8]. - The introduction of new products such as the AI model GPT-5 Pro and the AgentKi platform for building AI agents indicates a strong push towards enhancing AI capabilities [3][8]. - The Apps SDK allows developers to create interactive applications within ChatGPT, emphasizing context memory and understanding, which positions ChatGPT as a central entry point for users [9][10]. Summary by Sections - Investment Highlights: The report highlights the potential of domestic computing power and AI applications, with key targets including companies like ArcSoft, Hangzhou Arcvideo Technology, and others in the AI video and image sector [3][7]. - User Engagement: ChatGPT has reached 800 million weekly active users, with increasing adoption across various sectors, including consumers, developers, enterprises, and governments [8]. - Product Development: OpenAI announced several new products, including GPT-5 Pro and AgentKi, aimed at enhancing the functionality and usability of AI applications [8][10]. - Developer Tools: The Apps SDK and AgentKit provide developers with tools to create applications and agents, streamlining the development process and improving integration with existing systems [9][10].