为确保合作落地见效，双方同步建立"注智赋能"论坛举办、招商引资协同、产学研创新、多层次沟通及 项目化合作五大保障机制。此次合作将加速构建巴彦淖尔市智能经济形态，为数字经济高质量发展注入 新活力。（金燕、王佳佳） 此次战略合作以国家"人工智能+"行动战略部署为指引，秉持"优势互补、互利共赢"原则，推动人工智 能技术与巴彦淖尔市经济社会各领域深度融合，为培育新质生产力、激活发展新动能提供强劲支撑。 根据协议，双方将重点推进六大核心合作方向：在数字基础设施领域，布局智能算力资源，推进5G网 络全域覆盖，完善通信骨干网络建设，推动本地智算中心融入国家"东数西算"工程，依托"九天"大模型 助力企业降本增效；在特色产业升级方面，聚焦农牧林水等优势产业，以多元数字技术实现精准管理与 定制化服务，加速产业数智化转型；在公共服务优化领域，推动政务、医疗、教育等行业数字化升级， 重点打造全产业链数智化标杆；在民生服务提升上，投资建设5G基础设施，覆盖智慧养老、文旅、就 业等场景，助力河套品牌数字化推广；在新兴产业探索中，依托"中移凌云平台"构建"1平台+3主线+N 场景"空域管理体系，培育低空经济新增长点；在人才支撑保障方面，通 ...

Core Insights - The 17th China (Jinan) International Information Technology Expo showcases the rapid advancements in artificial intelligence (AI) and its applications across various industries, marking a significant evolution in the event's focus towards AI empowerment for the future [1][2][3] Group 1: Event Overview - The expo, themed "Artificial Intelligence Empowers the Future," features over 300 renowned companies displaying cutting-edge AI technologies across key sectors such as manufacturing, transportation, energy, finance, construction, and healthcare [2][3] - Since its inception in 2002, the expo has evolved from a smaller scale event to a significant international platform for information technology, now recognized as the only regional IT expo co-hosted by the United Nations [2][3] Group 2: AI Development Focus - The 2024 expo theme emphasizes AI's role in driving innovation, with a focus on general and industry-specific large models and intelligent agents, reflecting the complete value chain from technology development to industrial application [3][4] - The event serves as a comprehensive showcase of AI's integration into various industries, highlighting the transition from information technology to intelligent solutions [3][4] Group 3: Industry Collaboration and Dialogue - The expo features a rich array of discussions and interactions, including the release of several significant industry models, showcasing Shandong's achievements in AI foundational capabilities [4][5] - Various forums and conferences are held concurrently, promoting collaboration between academia and industry, and facilitating resource sharing among participants [4][5] Group 4: Practical Applications of AI - The expo highlights practical AI applications, with companies presenting innovative products tailored to specific industry needs, such as digital creative platforms and intelligent risk control systems [6][7] - The current phase of AI development is characterized by a critical window for application deployment, with companies facing increased competition and the necessity to leverage opportunities effectively [6][7] Group 5: Future Outlook - Industry experts emphasize the importance of ecosystem building and collaboration to address challenges in AI solution implementation, particularly in ensuring accessibility and usability for factories [7] - Successful case studies of AI applications across various sectors are seen as vital indicators of AI's transformative potential in driving economic growth [7]

Core Insights - The report indicates that domestic generative AI models have become the preferred choice for over 90% of users, reflecting China's market dominance in AI core technologies [1][7] - The number of AI companies and the scale of the industry in China continue to grow during the 14th Five-Year Plan, with significant innovations emerging [1][3] Industry Development - As of August 2025, China has registered 538 generative AI services and 263 applications, with widespread use in various sectors including smart search, content creation, and industrial manufacturing [3] - The generative AI industry in China is characterized by a "pyramid" distribution, with Beijing and Shanghai leading in the number of registered models, accounting for 48.5% of the total [4][6] Regional Characteristics - The Beijing-Tianjin-Hebei region focuses on "technology sourcing and regional collaboration," while the Yangtze River Delta emphasizes "ecosystem building and industrial empowerment" [5][6] - The Pearl River Delta is characterized by "industry application and robust support," leveraging a complete industrial chain and active market for AI technology applications [6] User Preference and Market Dynamics - Over 90% of users prefer domestic models due to their stable advantages in experience, cost-effectiveness, and adaptability to local needs [7] - The preference for domestic models is expected to accelerate a positive cycle of application, feedback, and iteration, enhancing the ecosystem [7] Challenges and Future Directions - Despite the rapid development, challenges such as the inherent opacity of models, "hallucination" issues, and potential security risks hinder deeper applications in critical fields [8] - Future efforts should focus on establishing data governance mechanisms, enhancing vertical scene applications, and promoting collaboration across the AI value chain to lower the barriers for deploying specialized models [8]

Core Insights - The event "AI+ Era" showcases the integration of carbon-based life creativity and silicon-based intelligence, emphasizing the potential of AI in various sectors [1] - China Mobile presents its latest technological innovations and solutions that empower AI applications in life, production, and governance [1] Group 1: AI Infrastructure and Capabilities - China Mobile has developed the "National Core National Connection" super-node AI computing cluster to support data-intensive AI applications such as model training and inference [3] - The self-developed "Xinhui" heterogeneous super-convergence technology enables seamless cross-architecture migration of intelligent computing applications, unifying China's intelligent computing software ecosystem [3] Group 2: Specialized AI Models - The self-developed "Jiutian" large model by China Mobile encompasses various forms including language, vision, multimodal, structured data, and voice, facilitating the creation of industry-specific large models across over twenty key sectors [5] Group 3: AI in Production and Governance - AI-powered flexible manufacturing leverages intelligent agents and foundational large model capabilities to achieve digital transformation across the entire production process, showcasing real-time responses to diverse production demands [7] Group 4: AI in Daily Life - The "Mobile Love Purchase" smart living mall offers a new experience by integrating services across various aspects of life, including clothing, food, housing, transportation, entertainment, education, healthcare, and elder care [9] - The exhibition features autonomous robots in a restaurant setting, demonstrating their ability to collaborate and serve traditional cuisine, enhancing the smart home experience [11] Group 5: Future Directions - China Mobile aims to continue advancing its "BASIC6" innovation plan, "AI+" action plan, and "two new types" upgrade plans to accelerate breakthroughs in AI technology and expand high-quality AI application supply [15]

Market Overview - The Hong Kong stock market experienced volatility, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The US stock market saw gains, with the Dow Jones up 1.29% at 46,067.58 points, and the Nasdaq rising 2.21% to 22,694.608 points, amid easing tariff concerns from the US government [2] Key Companies and Sectors - In the Hong Kong market, local real estate, software, and 5G sectors faced significant declines, while gold stocks performed well [1] - China Mobile announced an "AI+" action plan, aiming to double its investment in AI by 2028 and enhance its intelligent computing infrastructure [9] - China Unicom reported a 4.3% year-on-year increase in its smart network revenue, reaching 45.4 billion yuan in the first half of 2025 [10] Investment Recommendations - The report suggests focusing on sectors such as artificial intelligence, semiconductors, and industrial software, which are expected to maintain strong growth [3] - It highlights the potential of upstream non-ferrous metals benefiting from anticipated interest rate cuts and strong mid-term performance [3] - The report recommends monitoring state-owned enterprises with low valuations and high dividends, as well as technology leaders benefiting from AI advancements [3] Stock Performance - The report notes that the Hang Seng Index has seen a decline of 1.5% over the past month, while the Hang Seng Technology Index has decreased by 1.8% [16] - Key technology stocks like Tencent and Alibaba have also experienced declines of 1.9% and 1.7%, respectively, over the same period [16]

Core Insights - China Mobile announced an upgrade to its "AI+" action plan and the establishment of the "AI+" ecological alliance, indicating a strategic shift from 5G to AI as a core focus [1][2][3] - The company aims to double its investment in artificial intelligence by the end of 2028, with plans to build the largest and most advanced intelligent computing infrastructure in the country [1][3] - The latest financial report shows a 0.5% decline in revenue for the first half of the year, marking the first revenue drop in six years, raising concerns about the financial implications of high investment in AI [1][4] Investment and Infrastructure - By 2028, China Mobile plans to explore the construction of a 100,000-card intelligent computing cluster and achieve a national intelligent computing power scale exceeding 100 EFLOPS [1][3] - The company is focusing on creating a collaborative ecosystem that enhances the synergy between computing power, models, and data to accelerate AI implementation [2][3] - The "Nine Sky" model is central to the company's strategy, aiming to elevate its position in the AI value chain from merely providing resources to offering capabilities [5][6] Market and Business Strategy - The "AI+" action plan is expected to create a new industrial ecosystem with a market scale in the hundreds of billions [3][10] - China Mobile's strategy includes the development of high-quality data sets across 15 industries and the establishment of a robust AI talent pool [3][7] - The company has created a "1+3+N fleet matrix" to support its AI initiatives, which includes a core infrastructure and specialized teams focused on computing power, model development, and application scenarios [8][9] Financial Considerations - China Mobile's revenue from AI is currently minimal compared to its overall revenue, indicating potential cash flow pressures as the company invests heavily in AI infrastructure [10][11] - The company's capital expenditure plan for 2025 is set at 151.2 billion yuan, with 37.3 billion yuan allocated for computing power investments, representing 25% of total expenditures [10] - The net cash flow from operating activities has significantly decreased, highlighting the financial strain as the company accelerates payments to support its supply chain [11]

Investment Rating - The report maintains a "Buy" rating for major companies in the telecommunications sector, including China Mobile, China Telecom, ZTE, and others [9][10][47]. Core Insights - The China Mobile Global Partner Conference highlighted advancements in AI and quantum communication, with a focus on enhancing computational power and capabilities [2][14]. - China Mobile plans to double its AI investment by the end of 2028 and is exploring the establishment of a large-scale intelligent computing cluster [1][14]. - The report emphasizes the importance of domestic computational power and its supporting industrial chain as a key investment opportunity [1][13]. Summary by Sections Market Overview - The telecommunications index fell by 1.60% last week, while the Shanghai Composite Index rose by 0.37% [1][13]. - The conference showcased significant achievements in AI, satellite internet, and quantum technology, indicating a shift towards high-quality development in the industry [2][14]. Key Companies and Dynamics - Recommended companies include ZTE, China Mobile, China Telecom, and others, focusing on AI computational power and core asset value reassessment [3][10]. - China Mobile's "AI+" action plan aims to enhance AI infrastructure and support data-intensive applications [14][19]. Investment Recommendations - Specific stock recommendations include: - China Telecom (Target Price: 9.11) [10][47] - ZTE (Target Price: 62.76) [10][47] - China Mobile (Target Price: 126.30) [10][47] - Others include Huace Navigation, Hengtong Optic-Electric, and Ruijie Networks, all rated as "Buy" [10][47]. Emerging Technologies - The report highlights advancements in quantum communication and the establishment of a quantum ecological alliance, aiming for practical integration with existing communication networks [19][21]. - The low-altitude economy is also emphasized, with over 500 projects implemented nationwide, showcasing the integration of 5G-A and AI technologies [21][19].

Core Insights - The conference held by China Mobile focused on the theme of "Carbon-Silicon Symbiosis to Co-create the AI+ Era," aiming to build a new order of carbon-silicon coexistence and highlight AI's role in high-quality development [1] - China Mobile is establishing a new information service system centered around "Connection + Computing Power + Capabilities" to support the growth of AI applications [1] - The integration of AI in various sectors, including flexible manufacturing and social governance, showcases the effective collaboration between carbon-based decision-making and silicon-based execution [2] Group 1 - The conference showcased AI-enabled solutions across multiple fields, emphasizing a future where technology is tangible and experiential [1] - China Mobile has developed industry-specific large models based on the Jiutian model foundation, enabling intelligent applications in over twenty key areas [1] - The "Lingxi" AI system provides immersive interactive experiences, demonstrating its capabilities in tasks like schedule management and report generation [1] Group 2 - AI+ flexible manufacturing is transforming the entire process from research and production to supply and sales, effectively responding to diverse production needs [2] - The "Mobile Smart Enterprise" initiative extends AI's benefits to small and medium-sized enterprises, facilitating their intelligent upgrades [2] - Various innovative applications, such as AI in mining safety, smart healthcare, and digital government projects, were presented, highlighting the practical outcomes of carbon-silicon symbiosis [2] Group 3 - The "Lingxi" AI system enhances daily life by providing comprehensive services, including travel planning and work report generation through voice commands [3] - Autonomous robots in a restaurant setting and outdoor robotic performances illustrate the practical applications of AI in everyday scenarios [3] - The introduction of AI voice models for the hearing impaired promotes inclusive communication, showcasing the societal impact of AI technology [3]

Core Viewpoint - The 2025 China Mobile Global Partner Conference, held in Guangzhou, focuses on "Carbon-Silicon Symbiosis and Co-Creation in the AI+ Era," aiming to promote high-quality development through artificial intelligence [2][3][21]. Group 1: Conference Highlights - The conference showcased China Mobile's latest technological innovations and solutions in various fields, including daily life, production, and governance, emphasizing the integration of carbon and silicon technologies [3][4][12]. - Attendees experienced real-time applications of AI, such as the Lingxi Intelligent Body demonstrating capabilities in schedule management and report generation, highlighting the efficient matching of carbon-based needs with silicon-based capabilities [10][11]. - The event featured a dynamic heat map from Wutong Big Data to present real-time visitor flow data, effectively warning of congestion and ensuring visitor safety [12]. Group 2: Key Initiatives - On October 11, during the main forum, China Mobile announced four significant initiatives covering quantum communication, AI development, digital consumption, and international branding [21][22]. - Chairman Yang Jie delivered a keynote speech titled "Carbon-Silicon Symbiosis and Co-Creation in the AI+ Era," stating that artificial intelligence is a key variable influencing future development [22][23]. - China Mobile expressed its commitment to collaborating with global partners to create a community of shared interests, careers, and development, exploring the limitless possibilities of carbon-silicon symbiosis and jointly shaping a vibrant future in the AI+ era [24][25].

Core Insights - China Mobile officially launched the "AI+" action plan and ecosystem alliance, aiming to double its investment in artificial intelligence by the end of 2028, establishing the largest and most advanced intelligent computing infrastructure in the country [1] Investment and Infrastructure - By 2028, China Mobile plans to build a national intelligent computing capacity exceeding 100 EFLOPS and develop a hundred thousand intelligent computing clusters [1] - The initiative will enhance the supply of high-quality data sets across 15 industries, positioning them as the "core resource" for intelligent ecosystem value extraction [1] AI Model Development - The plan aims to elevate the Jiutian large model to an internationally leading level, providing ubiquitous and inclusive "model as a service" [1] - The focus is on creating a "smart engine" that enhances economic and social efficiency through advanced AI capabilities [1] Talent and Collaboration - China Mobile will strengthen the development of high-end and youth AI talent, promoting a safe and controllable development of intelligence in collaboration with various industries [1] Application and Expansion - The company aims to implement over 3,000 AI+DICT projects across more than ten sectors, including new industrialization, government affairs, and agriculture, contributing to the creation of smart city services for hundreds of millions of users [1] - The goal is to accelerate the user base of the Lingxi intelligent agent to over 200 million, establishing a comprehensive intelligent service entry point [1] Global Outreach - The plan includes promoting high-quality AI capabilities abroad, assisting developing countries in sharing technological benefits and bridging the intelligence gap [1]