章俊 首席经济学家 ☎：010-8092-8096 网: zhangjun_yj @chinastock.com.cn 分析师登记编码：S0130523070003 彭雅哲 热点洞察系列研究报告 走深走实"以应用促创新"的 AI 产业发展之路 《关于深入实施"人工智能+"行动的意见》快评 2025年8月4日 核心观点 分析师 ☎：010-8092-7607 网: pengyazhe _yj @chinastock.com.cn 分析师登记编码：S0130525020001 研究助理:曾昭睿 我国 AI 产业发展处于"规模提升" 资料来源:中国银河证券研究 相关研究 20250731 【CGS-NDI 跟踪】 美国发布 AI 行动计划, 冲击 AI 竞争格局 -- 数字经济双周报 (202507 第 2 期) 20250429【CGS-NDI 热点洞察】坚持自立自强，促 进合作共赢 --- 中央政治局第二十次集体学习解读 20250120【CGS-NDI 研究】数字经济系列：从数实 融合到实数融合― 数字技术与价值场景的双向 奔赴 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中 ...

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies involved in the AI sector Core Insights - The WAIC 2025 showcased unprecedented public interest in AI, with significant participation from over 800 companies and more than 3000 cutting-edge exhibits, marking the largest scale in its history [1][7] - The focus of the conference included key themes such as large model applications, computing power infrastructure, AI for science, and the integration of AI in various sectors including finance and healthcare [2][7] - Investment opportunities are shifting from individual GPU cards to full server racks, emphasizing the importance of computing power, model optimization, and AI infrastructure [8][15] Summary by Sections Core Technologies - The emphasis has shifted from individual chip performance to comprehensive solutions, with discussions focusing on efficient utilization of fragmented computing resources and low-power designs [2][12] - Major companies like Huawei and ZTE showcased advanced computing solutions, highlighting the integration of AI chips and servers into practical applications [3][4][5] Industry Applications - WAIC 2025 demonstrated a deeper commercialization of AI, with applications spanning robotics, smart glasses, and healthcare, reflecting a significant increase in participation from state-owned enterprises and international companies [7][13] - The event achieved record-breaking ticket sales and attendance, indicating a growing public enthusiasm for AI technologies [7][13] Smart Devices - The focus on embodied intelligence was evident, with dynamic usage scenarios presented through interactive exhibits that showcased advancements in humanoid robotics and smart glasses [8][14] - Notable product launches included Alibaba's Quark AI Glasses and China Telecom's Tianyi AI Glasses, which attracted significant public interest [8][14]