周观点：AI应用有望加速落地-20251109

Investment Rating - The investment rating for the computer industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights that new government policies are expected to promote the large-scale commercialization of AI and other new technologies [5][12] - Continuous improvement in AI model capabilities and decreasing costs are driving the prosperity of AI applications [6][13] - AI Agents are emerging as a new trend in the application industry, with accelerated commercialization [7][14] Summary by Sections Market Review - During the week of November 3 to November 7, 2025, the CSI 300 index rose by 0.82%, while the computer index fell by 2.54% [4][16] Government Policies - The State Council issued an implementation opinion on accelerating the cultivation and large-scale application of new scenarios, which supports the construction of various integrated scenarios and promotes the efficient allocation of scene resources [5][12] AI Model Development - Since 2025, global model innovation has entered a high-quality development phase, with significant improvements in model capabilities and reductions in costs. For instance, the input price of GPT-5 is 37.5% lower than that of GPT-4.1 [6][13] AI Agent Innovations - AI Agents are redefining software services, with predictions that by 2028, at least 15% of daily work decisions will be made autonomously by agentic AI. Recent innovations include new execution modes that enhance efficiency [7][14] Investment Recommendations - The report recommends several companies in the AI application sector, including Kingsoft Office, Hehe Information, Dingjie Smart, and others, as beneficiaries of the new policies [8][15]