人工智能行业DeepSeek“低成本、高性能、强推理”三位一体，DeepSeek驱动高质量模型平价化.docx

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请阅读最后评级说明和重要声明

一、低成本、高性能、强推理三位一体，DeepSeek模型持续迭代升级 3

DeepSeek模型密集更新，用户数将持续高速增长 3

低成本：DeepSeek位于模型性价比最优范围，较OpenAI等同类模型大幅下降 4

高性能强推理：Deepseek算法能力突出，模型性能跻身世界前列 7

二、DeepSeek驱动模型平价化，建议关注算力、AIAgent和端侧的投资机会 9

DeepSeek驱动模型平价化，算力需求大幅增长 9

AIAgent市场空间广阔，B端、C端应用大有可为 10

DeepSeek引领开源技术生态，低成本高性能利好端侧AI爆发 12

三、投资建议 15

四、风险提示 16

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