公司方面，据国盛证券、上市公司互动平台表示， Agent、AI应用：泛微网络、金山办公、鼎捷数智。 华为昇腾：软通动力、常山北明。 久其软件：公司2025年年初进一步对旗下女娲GPT进行升级，快速完成与主流大模型的深度融合与适 配，推出"智能问数、智能问答、智能报告、智能审核"等一系列智能体应用。另外，公司表示其Ai蒸馏 技术与Deepseek的Ai蒸馏技术比较类似。 9月29日，DeepSeek宣布官方App、网页端、小程序均已同步更新为DeepSeek-V3.2-Exp。DeepSeek介 绍，得益于新模型服务成本的大幅降低，官方API价格也相应下调，新价格即刻生效。在新的价格政策 下，开发者调用DeepSeek API的成本将降低50%以上。 算力作为AI应用落地的核心基础设施，其供给能力与成本结构的变化直接推动AI应用的商业化进程。 近3年来，随着AI大模型的不断进化及推理侧算力芯片性能与性价比的不断提升，AI推理侧算力成本与 大模型调用成本持续下降。 硬件层面，成本每年下降约30%，而能效每年提升约40%。推理侧算力成本及模型调用成本的快速下 降，为AI应用商业化提供了底层经济性支撑。 中银证券表示 ...

Investment Rating - The report maintains an "Accumulate" rating for the industry [3] Core Insights - The emergence of ChatGPT Pulse marks a significant shift towards proactive and personalized AI interactions, transforming ChatGPT from a passive responder to an active assistant [1][18] - Alibaba Cloud is positioning itself as a full-stack AI service provider, aiming to develop a custom agent platform that supports the evolution towards Artificial Super Intelligence (ASI) [2][19] - The report highlights the potential for custom agents to serve as personal work and life assistants, particularly in the financial sector, enhancing efficiency and decision-making [6][30] Summary by Sections ChatGPT Pulse Release - ChatGPT Pulse, released on September 25, 2025, acts as a super personal assistant, providing users with tailored content based on their interactions and preferences [1][14] - Users can manage the research content and connect their Gmail and Google Calendar for more contextual updates, enhancing the personalization of the service [14][18] Alibaba Cloud's ASI Development Path - Alibaba's strategy involves three phases towards ASI: emergence of intelligence, autonomous action, and self-iteration [19][20] - The company is investing heavily in AI infrastructure, with a plan to increase global data center energy consumption by ten times by 2032 compared to 2022 [24] Custom Agent Outlook - The report outlines various applications for custom agents in the financial sector, including personal research knowledge bases, intelligent mass messaging assistants, and personalized work assistants [6][32] - The potential for users to create and monetize their custom agents through platforms like MuleRun is also discussed, indicating a shift towards AI as a tradable digital asset [43][30] Industry Trends - The report notes a significant growth trend in the computer industry, with projections indicating a 70% increase from September 2024 to September 2025 [4] - The rapid iteration of large models and their increasing reasoning and tool usage capabilities are expected to drive the adoption of custom agents [6][30]