Group 1 - The Shanghai Municipal Committee has released suggestions for the 15th Five-Year Plan, emphasizing the promotion of full-stack innovation in artificial intelligence, development of high-performance intelligent computing chips, high-quality data, and efficient intelligent computing clusters [1] - Dongxing Securities believes that the AI industry is currently in a phase of policy, technology, and demand resonance, with the "AI+" initiative providing top-down policy support and potential funding, leading to improved performance validation for domestic chip and cloud computing leaders [1] - The AI industry's prosperity is expected to continue rising, maintaining its dominant position in technology investment [1] Group 2 - Bank of China Securities states that AI has entered the "Physical AI" era, which emphasizes the integration of real physical dynamics such as gravity and friction for precise execution of complex tasks, supported by core pillars like the Newton physics engine and GPU+LPU hybrid architecture [2] - Robotics and autonomous driving are identified as ideal carriers for "Physical AI" [2] - The core raw materials for AI are anticipated to reach a critical transition point from "0 to 1," indicating a shift towards commercialization in real-world applications [2] - "Physical AI" requires substantial computational power and data resources, raising the demands for AI infrastructure development [2]