中国人工智能产业研究报告（VI）：山高泽长，AI鼎新自显于时

Investment Rating - The report rates the Chinese artificial intelligence industry as "Buy" due to its rapid growth and significant investment opportunities [4][59][60]. Core Insights - The generative AI sector is experiencing a major breakthrough, with the industry expected to grow from 213.7 billion yuan in 2023 to 811 billion yuan by 2028, representing a compound annual growth rate (CAGR) of 30.6% [4][59]. - The emergence of large models is catalyzing the industrialization of AI, enhancing the capabilities of various AI sub-sectors and driving innovation [4][59][60]. - The Chinese government is actively supporting the AI industry through policy frameworks, infrastructure development, and regulatory guidance, which is fostering a conducive environment for growth [4][12][59]. Summary by Sections 1. Industry Progress - The Chinese AI industry is entering a high-speed development phase, with significant technological, market, and regulatory milestones achieved in 2023 [9][10]. - The report highlights that generative AI technologies are reshaping various sectors, including finance, healthcare, and education, with applications rapidly expanding [4][9][10]. 2. Industry Journey - The report discusses the evolution of the AI industry in China, emphasizing the importance of technological innovation and the establishment of a robust ecosystem [7][8]. - It notes that major cities like Beijing and Shenzhen are leading the charge in AI development, supported by strong government initiatives and investment [17][18]. 3. Benchmark Companies - The report identifies key players in the AI sector, including Baidu, Tencent, and Alibaba, which are leveraging their technological capabilities to drive AI adoption across industries [4][17][18]. - It emphasizes the role of these companies in setting industry standards and fostering innovation through collaboration and investment [4][17]. 4. Industry Reflection - The report reflects on the societal implications of AI, including ethical considerations and the need for regulatory frameworks to ensure responsible AI deployment [4][12][59]. - It highlights the importance of public trust and the need for transparency in AI applications to mitigate risks associated with data privacy and security [4][12][59]. 5. Market Dynamics - The report outlines the changing dynamics in the investment landscape, with a notable shift towards seed and angel funding for new AIGC companies, which accounted for nearly 40% of investment events in 2023 [23][24]. - It also discusses the ongoing competition between China and the US in the AI sector, particularly in generative AI technologies [4][88][97]. 6. Future Directions - The report concludes with insights into the future of AI in China, emphasizing the need for continuous innovation and adaptation to maintain competitive advantages in the global market [4][88][97]. - It suggests that the integration of AI into various sectors will continue to evolve, driven by advancements in technology and changing consumer expectations [4][88][97].