OpenAI launched its new flagship AI model GPT-4o yesterdayLuckywheelspinCompared with the existingLuckywheelspinCompared with the model, it is particularly good at image and audio understanding.
Take the existing AI model as an example, GPT-3Luckywheelspin.5 average delay of voice response 2Luckywheelspin.8 seconds, GPT-4 5.4 seconds, and GPT-4 can not directly observe the tone, speaker and background noise, nor can it output laughter, singing and emotional expression. GPT-4o can respond in 232 milliseconds, which is similar to the response time of a human conversation. It can also understand the meaning of "tension" from the rapid gasping sound and instruct the user to take a deep breath.
In addition, the Google 2024 developer Conference will be held in Pacific (601099) at 10:00 on May 14 (1: 00 a.m. Beijing time on the 15th), and AI will be the highlight.
Huatai Securities pointed out that at present, the large model route of "basic large model → industry large model → terminal application" is very clear, and it is suggested that the beneficiary targets should be found in the order of computing infrastructure-> hardware carrier-> large model platform-> application. The AI model promotes the rapid growth of computing power demand, and the performance growth of infrastructure is the most predictable. The main industrial chain links include computing chips, servers, data centers and so on. The interactive terminal takes the second place, AI mobile phone and AI PC are the main carriers of the current large model application. The biggest investment opportunity of the AI model is in application. It is optimistic that the big model will be the first to land in search, e-commerce retail, office, finance, medicine and other industries.
It is worth noting that Apple rose 1.76% yesterday, with an overnight market capitalization of nearly 360 billion yuan. According to Bloomberg news, Apple is about to reach an agreement with OpenAI to provide some generative AI features for this year's new iOS. The two sides are in talks about the terms of the agreement to use ChatGPT features in iOS18. The new iOS system is expected to be launched on WWDC2024 in June, which is expected to reveal Apple's layout in the AI field for the first time. In addition, negotiations between Apple and Google on Gemini are ongoing.
Guoxin Securities suggests that it is recommended to pay attention to the upside semiconductor designs, panels and undervalued fruit chains catalyzed by AI. At present, the valuation of fruit chain is still historically low, the clarity of AI innovation direction is expected to strengthen the market confidence in terminal replacement and sales growth, it is recommended to pay attention to the related companies of the industrial chain.
On the layout tool, Electronic ETF (515260) tracks the CSI 50 Index, both covering semiconductor chips and Apple industry chain. As of March 31, it contains 50% of the "core" volume and 32% of the "fruit" volume, bringing together leading companies in hot industries such as AI chips, consumer electronics, automotive electronics, 5G and cloud computing, and one-click layout of A-share electronic core assets. Investors who are optimistic about the development opportunities of consumer electronics and semiconductors may focus on electronic ETF (515260).
Data sources: Wind, Shanghai and Shenzhen exchanges, Warburg Fund, etc.
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