GF SECURITIES·2025-12-14 08:45Investment Rating - The industry investment rating is "Buy" [1] Core Insights - The report highlights the recent release of OpenAI's GPT-5.2 and Google's open-source deep research Agent, indicating significant advancements in AI technology [6][39] - The report suggests a focus on potential AI transformation directions, particularly in cloud infrastructure and IP industry chains, with specific companies recommended for investment [6] Summary by Sections Domestic AI Dynamics - Recent data shows that major domestic AI models have stable web traffic, with DeepSeek leading in weekly visits [12][20] - The report tracks web access and app download metrics for various AI products, noting fluctuations in user engagement [20][21][22] - Key events include the open-sourcing of multiple models by Zhiyu, enhancing capabilities in visual understanding and automation [37][38] Overseas AI Dynamics - ChatGPT continues to dominate web traffic among overseas AI models, with Claude showing a slight increase in visits [39] - The report tracks the performance of overseas AI applications, indicating varying trends in user engagement [39] Investment Recommendations - The report recommends focusing on companies like Alibaba and Tencent for cloud infrastructure, and various firms in the IP industry chain such as Yu Wen Group and Huace Film [6] - Specific sectors for investment include AI content rights, video platforms, AI marketing, and healthcare applications [6]