Investment Rating - The report maintains a "Recommendation" rating for the industry [5] Core Insights - The latest models from major tech companies, such as GPT-5 and Genie 3, are driving advancements in the global AI frontier, while the potential approval of the H20 chip export license is expected to accelerate the development of China's AI industry [3][25] - The report suggests focusing on various sectors within the AI ecosystem, including internet giants, office software, programming, terminal AI, ERP/CRM, judicial, financial/taxation, education, healthcare, customer service, AIGC, agriculture, and data [3][25] Summary by Sections Market Review - During the week of August 4-9, the CSI 300 index rose by 1.23%, the small and medium-sized board index increased by 1.24%, and the ChiNext index grew by 0.49%. The computer sector (CITIC) saw a slight increase of 0.03% [32] Industry News - OpenAI announced the launch of GPT-5, which is touted as the most powerful AI system to date, surpassing previous models in various benchmark tests and demonstrating significant improvements in reducing hallucinations and enhancing instruction execution capabilities [26] - Genie 3, developed by Google, is the first world model supporting real-time interaction, capable of generating dynamic worlds at 720p resolution and 24 frames per second [14][15] Company News - Xiongdi Technology announced plans for a share reduction by a major shareholder, while Tianyima completed the registration of changes related to the repurchase and cancellation of restricted stock [30] Investment Suggestions - The report recommends focusing on key players in the AI ecosystem, including major internet companies like Alibaba and Tencent, as well as firms in various sectors such as office software, programming, terminal AI, ERP/CRM, and more [25]