Meta Platforms(US:META) Bank of China Securities·2026-01-05 06:50Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [30]. Core Insights - Meta's acquisition of Manus marks a new phase in AI application commercialization, shifting the focus from "model parameter competition" to "application implementation" [3][10]. - The Ministry of Education's AI education initiative outlines a vision for the future of education, emphasizing the integration of AI into educational practices and the development of a digital education framework [14][15]. Summary by Sections Meta's Acquisition of Manus - Meta completed the acquisition of AI application developer Manus for several billion dollars, which is considered its third-largest acquisition to date [3][10]. - This acquisition signifies a turning point in the AI industry, indicating a potential wave of mergers and acquisitions in the AI agent sector [11][12]. - The acquisition is expected to clarify the AI industry chain's division of labor, establishing a three-tier structure: foundational large models, mid-tier intelligent agent technologies, and upper-tier vertical application scenarios [11][12]. AI Education Initiatives - The Ministry of Education plans to further integrate AI into education, with policies expected to be released in 2026 to support this initiative [14][15]. - The "Four Futures" concept was introduced, focusing on future teachers, classrooms, schools, and learning centers, aiming to enhance personalized education through AI [14][15]. - The Ministry has also launched various guidelines and resources to assist schools in implementing AI effectively [14][15].