互联网传媒周报:字节AI 云和入口变现加速 游戏受益春节旺季+应用商店议价力下降

申万宏源研究
Dec 22

本期投资提示:字节AI 应用入口商业化及MaaS 抢先,或倒逼阿里腾讯百度等互联网大厂加快AI 布局及入口变现;国产大模型(Minimax、智谱)和芯片加速IPO,互联网模型和芯片价值或将得到市场认可。大模型豆包1.8 多模态、Agent 能力提升,性价比突出,日均Tokens 使用量已突破50 万亿(25.12 火山引擎大会),豆包模型+低价拉动火山引擎在MaaS 细分云市场25H1 份额达...

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