[Reiterate] Tencent WorkBuddy Product Data Continues to Exceed Expectations, Continuously Highlight Related Investment Opportunities 0730

English summary

[The surge in AI applications can dispel the current CSP gloom]: The current pessimism in AI hardware comes from doubts about overseas giants' capital expenditure, but we reiterate: the AI application ecosystem has already begun to grow significantly, whether it is Amazon's cloud business growth or the high-frequency monthly data of domestic giants' AI products exceeding expectations, they are important changes from the demand side of AI applications; # as long as demand rises, the industry can close the loop! [Tencent WorkBuddy product data]: Since WorkBuddy fully integrated Hunyuan Hy3, its office task resolution rate increased from 72% to 90%, average task time reduced by 34%; after the new version launched, compute resources were once at full capacity. According to Analysys data, the current product's cross-platform deduplicated MAU exceeded 20 million, WorkBuddy with 20M+ MAU, # ranks first in PC-side AI-native Agent in China. Currently, Hy3.0 is free for two weeks, queue rate exceeded 50% on the third day of launch. Hy3 perfectly adapts to WorkBuddy, white-collar workflow TAM is broad, and the business model may be feasible.…