Pacific Securities research report pointed out that it is recommended to focus on three investment themes on AI. Theme 1: Focus on the development of AI applications oriented to B-end users and end-side deployment. Theme 2: Focus on the progress of multimodal technology. The commercial value of the content corresponding to the form of multimodal model generation is greater in application scenarios. Moreover, applications developed based on multimodal models have more diverse interaction modes and are expected to further improve application volume. Theme 3: Model autonomous controllability, attention to domestic large models with OpenAI interruption. Individual stocks that can be focused on include Kunlun Tech, Guangdong Insight Brand Marketing Group, and Col Group Co., Ltd.