Guotai Junan Securities: AI application 'blooming in multiple places' may promote further extension and diffusion of more 'AI+' fields

On February 20, Industrial Securities released a research report saying that with the advent of ChatGPT in early 2023, the global artificial intelligence industry trend has been detonated, promoting AI to become the core main line of the global technology zone, but the interpretation of the market is mainly focused on the upstream Computing Power side. Under the logic of Scaling Law and the high demand for global Computing Power, upstream Computing Power, represented by optical modules and AI chips, has benefited significantly as a "shovel seller". However, the progress of AI application implementation is relatively lower than expected, and the performance of midstream software services and downstream applications is relatively lagging behind. Similar to "Internet +", AI, as a general technology, will accelerate the empowerment of various industries in the future, and with the "multi-point flowering" of AI applications, it may also promote the market to extend and spread to more "AI+" fields.