Investment Rating - The report maintains a "Buy" rating for the companies mentioned, indicating a positive outlook for their performance in the market [2][52]. Core Insights - The computer industry has shown strong relative performance, with a 12-month increase of 84.9%, significantly outperforming the CSI 300 index, which only increased by 26.7% [3]. - The release of the GLM-4.5V multimodal model by Zhipu AI marks a significant advancement in AI capabilities, achieving top performance in 41 multimodal benchmark tests [4][17]. - Kunlun Wanwei has launched the industry's first multimodal deep research agent, enhancing research capabilities by integrating multimodal retrieval and understanding [5][26]. - Cohere, a Canadian AI startup, completed a $500 million Series D funding round, raising its valuation to $6.8 billion, indicating strong investor confidence in enterprise-level AI solutions [6][41]. Summary by Sections 1. Computing Power Dynamics - The rental prices for computing power remain stable, with specific configurations priced at 5.73 RMB/hour for Tencent Cloud and 31.58 RMB/hour for Alibaba Cloud [16]. - Zhipu AI's GLM-4.5V model, with 106 billion total parameters, has set new records in multimodal benchmarks, showcasing its advanced capabilities in visual reasoning [17][20]. 2. AI Application Dynamics - QuillBot's weekly traffic increased by 4.44%, indicating growing user engagement [25]. - The new multimodal deep research agent from Kunlun Wanwei can process images and generate comprehensive reports, enhancing research efficiency [26][28]. 3. AI Financing Trends - Cohere's recent funding round highlights the growing interest in enterprise AI, with expectations of annual revenue exceeding $200 million by 2025 [41][42]. 4. Investment Recommendations - The report suggests focusing on companies like Jiahe Meikang, Yida Information, and Weike Technology, which are positioned for growth in the AI and robotics sectors [50][51].