Zheshang Research Reports point out that 1. The user scale and market influence of Doubao have the strength to compete with GPT. ByteDance has freely opened its leading-performing Doubao large model to the public, demonstrating signs that ByteDance is likely to lead the Industry in terms of investment effort and market share. 2. ByteDance inherently possesses AI genes, with diverse application scenarios available for large model implementation. As a company driven by AI algorithms, ByteDance has a rich variety of AI application scenarios downstream for large model technology deployment. 1) Recommendation Algorithms: The large model, as a more powerful AI, is expected to enhance the effectiveness of recommendation, advertising, and search algorithms, thereby empowering core businesses like Douyin and Toutiao. 2) Content Creation: AIGC empowers UGC and PGC. The AIGC sci-fi short drama series "Sanxingdui: Future Revelation," co-produced by Douyin, has been launched on Douyin and all platforms. Creators on platforms like Douyin can also assist in their creative process by using Doubao's features like "One-click Photo Editing" and "One-click Poster Creation." The Tomato Novel app has integrated character robots that can simulate dialogues between characters in novels and readers. 3) Office Applications: Feishu has launched intelligent partners to extract meeting highlights and generate documents, tables, mind maps, data analysis, and more.