【CT电子】继续看好国产算力 国产模型进入密集发布期： 临近春节，国产模型进入发布窗口期，近段时间，DeepSeek开源OCR2，Kimi发布并开源K2.5，阿里Qwen3-Max- Thinking，百度文心5.0等重量级模型接连发布。 此外字节计划在2月推出三款全新的 AI 模型，分别为豆包 2.0（新一代旗舰大语言模型）、Seedream5.0（图像生 成模型）以及 SeedDance 2.0（ 【CT电子】继续看好国产算力 国产模型进入密集发布期： 大量模型侧更新将加速驱动模型整体商用进度。 国内云厂商AI资本开支持续保持高位： 根据金融时报2025年12月23日报道，字节已初步规划2026年资本开支1600亿元，高于2025年约1500亿元。 此外阿里在2025年云栖大会表示，正在积极推进3年3800亿元的AI基础设施建设计划。 云厂商capex持续投入奠定国产算力需求基础。 模型端迭代加速，推理侧需求有望快速增长： 国产模型快速迭代抢占用户AI交互入口，交互方式也正在被塑造，对应推理侧算力需求有望迎来加速提升。 同时2026年也是推理侧国产超节点上量元年，目前已有大量国产厂商发布新一代超节点方案， ...

Group 1 - The core viewpoint of the report indicates that the domestic model iteration is accelerating, leading to a significant increase in inference-side demand, which will benefit the domestic computing power industry chain [1] - Major domestic models are entering a dense release period, with significant models such as DeepSeek's open-source OCR2, Kimi's K2.5, Alibaba's Qwen3-MaxThinking, and Baidu's Wenxin 5.0 being launched [1] - ByteDance plans to introduce three new AI models in February, including Doubao 2.0, Seedream 5.0, and SeedDance 2.0, while Alibaba is also set to release its next-generation flagship AI model Qwen 3.5 during the Spring Festival [1] Group 2 - Domestic cloud vendors are maintaining high levels of capital expenditure, with ByteDance planning a capital expenditure of 160 billion yuan for 2026, up from approximately 150 billion yuan in 2025 [2] - Alibaba announced a three-year plan for AI infrastructure construction with a budget of 380 billion yuan during the 2025 Cloud Habitat Conference, indicating sustained investment in cloud computing [2] Group 3 - The rapid iteration of domestic models is expected to capture user AI interaction entry points, leading to a corresponding increase in inference-side computing power demand [3] - 2026 is projected to be a pivotal year for the deployment of domestic supernodes, with numerous domestic manufacturers releasing next-generation supernode solutions, including Huawei's Atlas 950/960 and others [3] - The industry is poised for a significant growth phase as both supply and demand sides are actively engaged in the market [3]