Fangzheng Securities believes that the penetration rate of A...

Fangzheng Securities believes that the penetration rate of AI applications has reached an inflection point, and the long-term application rate is expected to exceed 80%. The deep integration of AI with various industries is the general trend, and the intelligent process of each industry may be different. A wider market space awaits valuable investment, and AI applications in industries including robotics, the Internet, manufacturing, and finance have huge potential. Risks faced include AI technology development falling behind expectations, enterprise digital transformation falling short of expectations, intense competition in the computing power service industry, policy support falling short of expectations, and cloud computing market expansion falling short of expectations.