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CITIC Securities: Optimistic about the implementation of AI applications and the growth in AI computing power demand
CITIC Securities Research Report states that OpenAI has launched GPT-5.5, and DeepSeek has released the preview version of DeepSeek-V4. Both GPT-5.5 and DeepSeek-V4 emphasize the extreme compression of reasoning costs. This does not mean that the demand for computing power has peaked; on the contrary, the decrease in per-instance costs may trigger an exponential increase in token consumption. We are optimistic about the upcoming explosion of AI applications and maintain a long-term positive outlook on the North American computing industry chain and domestic AI computing power pioneers. (People’s Financial News)