聚焦端侧 AI，AI 硬件或成 AI 落地新范式

Investment Rating - The investment rating for the industry is "Positive" and maintained [7] Core Insights - The CES 2026 and Alibaba Cloud's intelligent hardware exhibition showcased the progress of AI deployment at the edge, indicating that edge AI may become a new paradigm for AI implementation [2][4] - As AI large models continue to iterate, the report suggests that AI deployment will be the core of the next phase of the artificial intelligence industry, with edge AI benefiting from improved model performance and penetration rates [2][11] - The report emphasizes the importance of the entire edge AI industry chain, particularly focusing on edge AI model and application vendors [11] Summary by Sections Event Description - The CES 2026 took place from January 6 to 9 in Las Vegas, while the Alibaba Cloud intelligent hardware exhibition occurred from January 8 to 11 in Shenzhen, highlighting the current advancements in edge AI [4] Market Trends - Hardware forms are breaking traditional boundaries, with edge AI expected to become a key platform for AI deployment. The trend shows AI increasingly embedded in wearable devices, personal terminals, and computers, evolving into intelligent assistants for users [11] - Major companies like Alibaba, ByteDance, and JD.com are focusing on consumer-grade hardware, indicating a strategic positioning in the edge AI market [11] Market Size and Growth - The Chinese AI hardware market (excluding AI phones and cars) is projected to reach 1,102 billion yuan in 2025, with a year-on-year growth of 13.4%. The market is expected to maintain rapid growth over the next five years, driven by traditional appliances, smart personal devices, education, and smart home hardware [11]