中信证券研报表示近期OpenAI发布GPT-5引发资本市场关注。该模型推理能力进步明显定价与Gemini 2.5 Pro

智通财经
Aug 10
中信证券研报表示近期OpenAI发布GPT-5引发资本市场关注。该模型推理能力进步明显定价与Gemini 2.5 Pro等主流模型持平性价比显著提升。而在垂类场景如编程和医疗上GPT-5亦有不错的测评表现展现出良好的场景拓展潜力。OpenAI等模型厂商近期的快速更新迭代的影响包括:科技巨头在前沿模型领域的军备竞赛、推理&scaling law&多模态等带来的算力持续爆炸式增长、推理能力提升带来复杂应用场景解锁可能等。美股科技领域建议继续围绕基础设施、AI应用等环节重点布局AI计算芯片、HBM、AI网络设备、IDC、基础&应用软件、互联网服务等领域。

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