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中信证券:未来更多的AI投资机会将会发生在中国市场

CITIC SEC: More AI investment opportunities will occur in the Chinese market in the future.

Breakings ·  Jan 7 08:34

According to a research report by CITIC SEC, on December 27, 2024, OpenAI announced plans to transition its for-profit company into a public benefit corporation, attracting significant attention from the capital markets and industry. The previous structure of OpenAI, where a 'non-profit organization' held a 'limited profit company,' has always been an atypical model that garnered industry attention. With this change, the former 'limited profit company' OpenAI Global has undergone a series of adjustments to become the 'public benefit corporation' PBC, aligning with competitors Anthropic and xAI. The research report suggests that this organizational restructuring will facilitate the company in achieving profitability and external financing, as well as aid the company in actively pursuing collaborations beyond Microsoft, such as expanding partnerships with Google Cloud. Overall, as AI progresses deeper into industries, by 2025, the model capabilities of AI companies will reach new heights, intensifying competition for talent and funding; however, there will also be opportunities for rapid growth in market share and revenue. Over the past two years, the excess returns of AI companies in the USA have been significant, and Chinese AI companies are quickly catching up. The research report determines that in the next 1-2 years, global AI investment opportunities are likely to shift from assets in the USA to Chinese companies.

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