Investment Rating - The report maintains a "Recommended" rating for the industry, indicating an expected relative increase of over 15% compared to the benchmark index within the next 12 months [4][7]. Core Insights - 2025 is projected to be the year of application for domestic AI integrated machines, with significant developments in the deployment of DeepSeek solutions by China Mobile in the financial services sector [1]. - Multiple companies are developing DeepSeek integrated machines, enhancing the domestic AI ecosystem and breaking the reliance on NVIDIA's CUDA ecosystem through collaborations with various domestic chip manufacturers [2]. - The report outlines a comprehensive list of companies involved in the domestic AI integrated machine supply chain, highlighting potential investment opportunities [3]. Summary by Sections Industry Overview - China Mobile successfully deployed the first self-developed AI project using DeepSeek in the Asia-Pacific region, marking a significant milestone for domestic AI applications [1]. - The introduction of new DeepSeek integrated machines by companies like Shanghai Haixi Technology and Huawei emphasizes the growing competition and innovation in the market [2]. Market Dynamics - At least 20 domestic chip manufacturers have announced partnerships with DeepSeek, indicating a robust growth trajectory for the domestic AI integrated machine market [2]. - The report highlights the advantages of domestic AI models combined with local AI chips, fostering the development of a "domestic computing power + domestic large model" ecosystem [2]. Investment Opportunities - The report identifies key players in the domestic AI integrated machine industry, including He Sheng New Materials, Hengwei Technology, and others, suggesting a diversified investment landscape [3].

鱼羊 发自 凹非寺 量子位 | 公众号 QbitAI DeepSeek火爆出圈，各大第三方紧赶慢赶纷纷接入，已经成为现象级议题。 但当话题最热点过去，回归到实际落地这个关键上，新的问题正在进入到一线从业者的视野之中—— 所谓"AI一体机"，简单来说，就是把人工智能所需的硬件和软件"打包"在一个设备里，让用户无需繁琐的安装、配置，就能直接使用的一种"AI 专用终端"。 以火山引擎AI一体机-DeepSeek版为例，通过支持DeepSeek R1/V3全系列模型，以及火山引擎自家HiAgent智能体平台、大模型防火墙和 轻量模型训练平台，实现了对模型部署、管理、推理、微调、蒸馏以及AI应用开发的全链路能力覆盖。 怎样才能简单、高效用好DeepSeek？ 核心在于，对于企业用户，尤其是更多来自传统行业的企业而言，在自身业务中引入推理模型，不是简简单单接个API的事，要想用得好，还 得结合本地数据、业务场景。 这也就意味着几方面的困难，包括但不限于，算力基础设施的建设和管理、支持大规模在线业务的性能优化以及数据的安全合规问题…… 就在本周，DeepSeek官方也开始围绕AI Infra，连续开源内部秘籍，对于模型从业 ...