China Securities Co., Ltd. research points out that under technological iteration, AI computing platforms and AI productivity tools have ushered in commercial opportunities. It is recommended to pay attention to new changes in the AI industry: 1) Optimistic about the potential explosion of AI terminals as a new generation of computing platforms; 2) AI applications as a new generation of productivity tools, optimistic about the continued development of C-end software, with faster commercialization progress in B-end application software; 3) Optimistic about the development of the underlying AI computing power industry supported by the government.