Investment Prospects in the Artificial Intelligence Industry (What are the investment opportunities

1. Artificial intelligence chatGPT4

ChatGPT is a chat robot model released by OpenAI in November 2022, which can achieve interaction through dialogue. ChatGPT's dialogue interaction can achieve ordinary chatting, information consultation, writing poetry and essays, modifying code, etc. Due to its more human like intelligent performance, ChatGPT has received widespread attention since its launch, with user numbers exceeding 1 million within less than a week of its launch,.

2. Artificial Intelligence ChatGPT Download

Just two months after its launch, its monthly active users by the end of January 2023 have exceeded 100 million, making it the fastest-growing consumer application in history. Tianfeng Research has launched the "Artificial Intelligence ChatGPT Topic", which will continue to update everyone on ChatGPT related topics

3. How to download chatgpt

The research results involve industries such as communication, computer, and overseas, and interpret the current investment opportunities and prospects related to ChatGPT from multiple perspectives.

4. Artificial Intelligence ChatGPT Concept

Table of Contents 1. "Communication | Baidu Plans to Enter ChatGPT, AIGC Sector Continues to Heat up" (20220207) 2. "Overseas | Tencent Dawn Awakening Will Start Unlimited Number and File Deletion Testing, OpenAI Industrialization Process Continuously Accelerates" (20230205) 3. "Overseas | Microsoft Corporation (MSFT): Its products may be fully integrated with ChatGPT, and it is expected to serve as a pioneer to open up the long-term commercialization prospects of AI" (20230205)

5.chatGPT

4. "Computer | ChatGPT Leading, Focusing on AI Industry New Scenarios Landing in 2023" (20230201)

6. How to read chatgpt

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7. Microsoft's Artificial Intelligence ChatGPT

Communication | Baidu plans to enter ChatGPT, AIGC sector continues to heat up "(20220207) This week's important industry trend: Baidu plans to enter ChatGPT, AIGC sector continues to heat up. Baidu plans to launch an artificial intelligence chat robot service similar to OpenAI's ChatGPT in March this year, with the initial version embedded in its search service.

8. The hottest artificial intelligence ChatGPT

Robin Lee, CEO of Baidu, positioned the project as "a generational change leading the search experience" ChatGPT is an AI chat robot program developed by OpenAI, an AI research laboratory, at the end of November 2022. At present, ChatGPT is still in the testing stage. If the content quality and training cost of ChatGPT are expected to be further improved in the future, the search engine will usher in a technological revolution.

9. Strongest Artificial Intelligence ChatGPT

This is precisely the important reason why Baidu is actively entering the market. AIGC will continue to have a transformative impact in the fields of consumer internet, industrial internet, and social value. As a new productivity engine, AIGC represents the leap of AI technology from perception and understanding of the world to generation and creation of the world. It is recommended to focus on investment opportunities in relevant sectors.

10. Artificial Intelligence ChatGPT Composition

This week's investment perspective: From the DALL-E 2 and other AI models that ignite the field of AI painting, to dialogue robots represented by ChatGPT, and then to Baidu's announcement of plans to enter ChatGPT, the AIGC sector continues to heat up and demand for computing power continues to grow, and the importance of communication infrastructure is increasingly prominent. In addition,

我们持续看好绩优低估值及全年有望高景气&高增长的其他细分赛道和个股，几大方向包括：数字经济、工业互联网、海风海缆、智能汽车（激光雷达/传感器/连接器/结构件）、军工通信、AIGC、云计算&光通信、低估值国企等。

Communication optical module/optical device/AIGC focuses on: Zhongji Xuchuang, Tianfu Communication, etc., Caixun, Skyworth Digital (digital economy+AIGC). Risk reminder: The 5G industry and commercial progress are lower than expected, the downstream application promotion speed is lower than expected, and there is an uncertain risk of trade war.

Overseas | Tencent Dawn Awakening will open the test of unlimited number and no file deletion, and the industrialization process of OpenAI continues to accelerate (20230205). According to the AI expert official account, only two months after the launch of ChatGPT, its monthly active users have exceeded 100 million by the end of January 2023, becoming the fastest growing consumer application in history.

The ChatGPT launched by OpenAI has three revolutionary capabilities through a highly optimized human based feedback system: user intention understanding, accuracy of results, and multi round dialogue ability. We believe that companies such as OpenAI and Baidu are expected to drive global giants and technology companies to expand into the AIGC field, and more application scenarios are expected to be continuously explored. Relevant industry companies are expected to welcome opportunities under the development of AIGC.

We believe that the market has been facing fluctuations in the past few days, but the core beta is the improvement of peripheral liquidity and the recovery of the Chinese economy. In particular, the overall recovery of the Chinese economy in 2023 is the core contradiction. Currently, we are concerned about the subsequent economic recovery and optimistic about the sustainability of the Hong Kong stock market. We suggest paying attention to: [Baidu] Tencent Holdings ("Dawn Awakening: Vitality" (formerly: Dawn Awakening) will launch unlimited number and no deletion testing in February. This game is a popular open survival track, with good basic game quality and potential to become a popular game, and is expected to become a new generation revenue growth pole for Tencent), Meituan, Zhonggai, Pinduoduo, Alibaba, and JD.com; Opportunities for the entertainment content industry under the continuous improvement of content policy environment: Yuewen Group, Cat's Eye Entertainment, IMAXCHINA, Alibaba Pictures, Heartbeat Company, iQiyi, etc; Under the trend of recovery, Hong Kong stocks have high elasticity tickets: 【 Bubble Mart 】, 【 Mingchuang Youpin 】, etc; After the holiday, we remain optimistic about the policy side, and the importance of the automotive sector in terms of domestic consumption demand and GDP growth cannot be ignored: 【 Ideal Automobile 】, 【 Xiaopeng Automobile 】, etc.

Risk reminder: The US and European markets are facing sustained interest rate hikes and high inflation rates; Slowing domestic economic growth; Insufficient policy stimulus effect.

Overseas | Microsoft Corporation (MSFT): Its products may be fully integrated with ChatGPT, and it is expected to serve as a pioneer in opening up the long-term commercialization prospects of AI. "(20230205) The company announced that it will expand its partnership with OpenAI, which will receive Microsoft's" multi year, multi billion dollar "investment.

The company's products will be fully integrated with ChatGPT2. On January 1st, the company's Teams will be the first to add GPT capabilities to consumer products. The Premium version subscription fee is $10/month ($7/month discount), and it can complete multiple AI functions such as real-time subtitles and intelligent conference reviews. We believe that personalized computing (including PC, gaming, and other businesses) will be the most affected by macro factors this quarter.

But the importance of short-term performance has decreased, and more importantly, ChatGPT is expected to serve as a pioneer in opening up the long-term growth space of AI+Microsoft. We believe that Microsoft's global user subscriptions in Windows, Office 365, and strong accumulation in content generation tools give it a distinct competitive advantage compared to other internet companies. For search and social networking, the computational resources consumed by AI's machine learning will increase its costs, However, its commercialization path is not clear. For content generation tools such as Office, AI commercialization can be achieved through subscription or volume based pricing, and it is expected to utilize its global wide subscription base of individual and enterprise users for collaborative sales.

We believe that considering our estimate that Office currently has over 300 million global users and over $100 ARPU, ChatGPT Pro's current trial pricing of approximately $500 per year may expand its ARPU space in the long term. OpenAI's various model APIs are also expected to continue to enhance Azure's competitiveness.

Risk reminder: Competition in the public cloud market, macroeconomic inflation risks, antitrust and other policy risks, hardware sales below expectations.

ChatGPT: A More Intelligent AI Dialogue and Interaction Tool. In January 2023, the CEO of Microsoft announced plans to integrate artificial intelligence tools such as ChatGPT into all products and provide them as a platform for other enterprises to use.

Buzzfeed and Amazon are also exploring the introduction of new model training methods for ChatGPT application scenarios. The AI industry is expected to accelerate the development of GPT through Transformer based pre trained language models. Previously, three models, GPT-1, GPT-2, and GPT-3, have been announced. ChatGPT is a dialogue robot developed after fine-tuning the GPT-3 model (also known as GPT-3.5).

ChatGPT introduces the RLHF (Human Feedback Based Reinforcement Learning) method, which is divided into three steps: 1) Supervised tuning: the pre trained language model is tuned on a small amount of annotated data to learn the supervised strategy (SFT model) generated from a given prompt list; 2) Simulate human preferences: annotators vote on a relatively large number of SFT model outputs, create a new dataset composed of comparative data, and train the reward model (RM); 3) Near End Strategy Optimization (PPO): Using RM as the optimization objective for reinforcement learning, fine-tuning the SFT model using the PPO algorithm.

We believe that the success of ChatGPT demonstrates the application potential of AI big models, and the introduction of new methods is expected to accelerate the firm investment of NLP algorithms and AI industry development giants. On January 23, Microsoft announced on its official blog that it has expanded its partnership with OpenAI and will make a multi-year, billions of dollars worth investment in OpenAI to accelerate its technological breakthroughs in the field of artificial intelligence, Previously, Microsoft had invested in OpenAI in 2019 and 2021, respectively.

The CEO of Google stated that the company will further focus on research and development investment in the core business of AI technology. We believe that global giants such as Microsoft, Google, and Amazon have firmly invested in AI, demonstrating broad development prospects for AI applications. The AI industry is expected to start a new wave of development, led by ChatGPT. We are optimistic about the accelerated development of the AI industry. Focusing on the three elements of computing power, algorithms, and data AI industry, we recommend iFLYTEK, Haitian Ruisheng Jing Jiawei (jointly covering with the electronics team), it is recommended to pay attention to Tops, Geling Shentong - U, Yuncong Technology - UW, Cambrian - U, Guangyun Technology, Hongsoft Technology, and Danghong Technology.

Risk reminder: ChatGPT application did not meet expectations; The development of AI technology is not as expected; The implementation of AI applications did not meet expectations; The performance of related companies did not meet expectations.

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