行业周报：周观点：2026年，多模态模型有望迎来DS时刻

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights that 2026 is expected to be a pivotal year for multimodal models, which are anticipated to drive growth in the film, gaming, and advertising sectors due to significant improvements in capabilities and cost reductions [5][12][15] - The launch of the Keling 3.0 series and Byte's Seedance 2.0 marks a competitive breakthrough in the multimodal field, enabling comprehensive video production processes and enhancing user experience [6][13] - Keling AI has rapidly commercialized its multimodal models, boasting over 60 million creators and generating more than 600 million videos, with an annual revenue run rate of $240 million [7][14] Summary by Sections Industry Overview - The computer index fell by 3.27% during the week of February 2-6, 2026, while the CSI 300 index decreased by 1.33% [4][16] Market Dynamics - The report discusses the competitive landscape with the introduction of advanced models like Keling 3.0 and Seedance 2.0, which are set to redefine video creation and content production [6][13] - The report emphasizes the importance of commercial viability for multimodal models, suggesting that 2026 will be crucial for cost reduction and quality enhancement [14] Investment Recommendations - Beneficiary companies include Wanjing Technology, Haitai Ruisheng, Hongsoft Technology, and others, with a focus on AI application investment opportunities [8][15]