Shanghai Securities·2025-12-17 11:22Investment Rating - The report maintains an "Overweight" rating for the computer industry [1] Core Viewpoints - The industry is experiencing rapid advancements in AI models, with significant updates from major players like OpenAI and Zhiyuan, indicating a strong trend towards commercialization of AI applications [3][4] - The recent performance of the computer index has lagged behind major indices, suggesting a need for cautious optimism in the short term [2] Summary by Sections Market Review - In the past week (December 8-12), the Shanghai Composite Index fell by 0.34%, while the ChiNext Index rose by 2.74%. The computer index dropped by 1.14%, underperforming the Shanghai Composite by 0.80 percentage points and the ChiNext by 3.88 percentage points [2] Weekly Insights - OpenAI launched the new GPT-5.2 model, enhancing capabilities in information retrieval, writing, translation, and programming tasks, with improved performance in enterprise applications [3] - Zhiyuan released the GLM-4.6V series of multimodal models, significantly increasing context window size and integrating tool invocation capabilities into visual models [3] AI Application Acceleration - Google introduced the Gemini Deep Research AI agent, marking a significant step towards industrial application of AI with enhanced web search capabilities [4] - Zhiyuan also launched the AutoGLM model, which can operate mobile applications, indicating a shift towards more interactive AI agents [4] - Alibaba restructured its business to focus on creating a super app, aiming to become a primary AI assistant across various platforms [4] Investment Recommendations - Suggested companies to watch include those in computing power such as Cambrian, Haiguang Information, and Zhongke Shuguang, as well as AI application firms like Kingsoft Office and iFlytek [8]