The "Interim Measures for the Management of Generative Artificial Intelligence Services" has landed, and the institution sees it this way

The Cyberspace Administration of China and seven other departments recently jointly promulgated the Interim Measures for the Management of Generative Artificial Intelligence Services (hereinafter referred to as the Measures), which came into force on August 15.

The Measures put forward that the state adheres to the principle of attaching equal importance to development and security, promoting innovation and governing according to law, adopts effective measures to encourage the innovative development of generative artificial intelligence, implements inclusive and prudent and categorical supervision of generative AI services, and clarifies the overall requirements for the provision and use of generative AI services. Specific measures to promote the development of generative artificial intelligence technology are proposed, and the requirements for training data processing activities and data labeling are clarified. It stipulates specifications for generative AI services, clarifying that generative AI service providers shall employ effective measures to prevent minor users from overrelying on or indulging in generative AI services, identify generated content such as pictures and videos in accordance with the "Provisions on the Management of Deep Synthesis of Internet Information Services", and promptly employ measures to deal with illegal content when discovered.

In addition, it also stipulates security assessment, algorithm filing, complaints and reports, etc., and clarifies legal responsibilities.

In recent years, the rapid development of generative artificial intelligence technology has brought new opportunities for economic and social development, but also generated problems such as the dissemination of false information, infringement of personal information rights and interests, data security and bias discrimination, and how to coordinate the development and security of generative artificial intelligence has attracted attention from all parties. How will the official landing of the "Interim Measures for the Management of Generative Artificial Intelligence Services" affect the development of the AI industry? A number of institutions have published their latest views:

West China Securities: The "Administrative Measures" landed, and the AI inflection point was established!

West China Securities pointed out that the AI application side is expected to enter a new pattern of landing + a hundred flowers. In addition, Article 16 of the Measures stipulates that departments such as internet information, development and reform, education, science and technology, industry and informatization, public security, radio and television, and press and publication shall strengthen the management of generative AI services in accordance with their respective responsibilities and in accordance with the law. We believe that it demonstrates the country's great importance to generative artificial intelligence and lays a solid foundation for subsequent regulatory implementation.

We believe that with the progress and clarification of the regulatory side, the mainland generative artificial intelligence ecology is expected to enter an accelerated state, and with the gradual maturity of the technology of large models, the application side is expected to enter a new pattern of landing + a hundred flowers, and the service scenarios are further expanded, becoming a real sense of liberating the hands of productivity, we believe that data is expected to become the core barrier of the application side.

Beneficiary targets: 1) AI+ Office: Kingsoft Office, Foxit Software, Panwei Network, MMS Co., Ltd., Dingjie Software, etc.; 2) AI+Finance: flush, wealth trend, Xinzhi software, etc.; 3) AI+ medical: Runda Medical, Wanda Information, etc.; 4) AI+ education: Jiafa Education, Guoma Software, iFLYTEK, etc.; 5) AI+ military industry: aerospace macro map, Zhongke star map, Huaru technology, etc.; 6) AI+ transportation: Qianfang Technology, COSCO Haike, etc.; 7) AI+ security: Meiyapaike, Yongxin Zhicheng, People's Network, etc.; 8) AI+ Others: Focus Technology, Huayu Software, etc.

Open Source Securities: With the introduction of management measures, AIGC applications are expected to usher in an accelerated landing period

Kaiyuan Securities pointed out that the Measures clearly stipulate that the data used for data training of generative AI large models must be legal sources and not infringe on the intellectual property rights of others. With the development of domestic large models, the demand for data resources may continue to increase, companies with IP copyrights and data reserves are expected to benefit from deriving new business models based on data commercialization, focusing on Mango Super Media, Aofei Entertainment, and China Literature Group, including Chinese Online, China Science Biography, China Publishing, Shanghai Film, Palmyue Technology, Jebsen Shares, etc. In addition, the Measures also propose that the construction of public training data resource platforms and the orderly opening of public data classification and grading, and companies with public data reserve and data platform capabilities are expected to benefit, including People's Network, Xinhuanet, Zhejiang Digital Culture, etc.

We believe that the Measures are expected to accelerate the implementation of AIGC technology in various fields, open up new commercialization space, and continue to recommend actively grasping the application and landing opportunities of AIGC in various fields. (1) Games: The integration of AIGC and games will help reduce costs and increase efficiency, while improving content richness and bringing new user experience, and with the release of head game supply, or driving the overall performance growth rate of related companies and game sectors, Yao Kee Technology, Shengtian Network, NetEase-S, Tencent Holdings, Gigabit, Perfect World, Xindong Company, Dream World, benefit targets include Shenzhou Taiyue, Xinghui Entertainment, Kaiying Network, Baotong Technology, Sanqi Interactive Entertainment, etc. (2) E-commerce: The "AI shopping guide" launched by the head shopping guide platform with UGC content and data advantages based on the large model may accelerate traffic and revenue growth, and "AI + digital human" may drive the release of virtual live broadcast production capacity and the opening of commercialization space, focusing on recommending Worth Buying, OneNet, Oriental Selection, and Kuaishou-W. (3) Education: The development of AIGG technology may accelerate the growth of the youth AI training market, and the combination of massive teaching content and large models may drive the opening of the AI-assisted teaching market space, and the "AI+ education" products of teaching and auxiliary publishing and education training companies continue to land, and the follow-up may bring incremental performance, and the beneficiaries include Shengtong Shares, Century Tianhong, and Southern Media.

CITIC Securities: The official landing of the management measures is expected to promote the development of the domestic artificial intelligence industry

CITIC Securities Research Report said that compared with the draft for comments, while optimizing safety supervision, the new measures further propose specific measures to promote the development of generative artificial intelligence from the perspectives of independent and controllable of the entire industry chain, AI infrastructure construction and public data openness, and encourage the application of artificial intelligence in various industries. We believe that the introduction of the measures reflects the country's current principle of attaching equal importance to development and security, promoting innovation and governing according to law in the field of artificial intelligence. Relevant policies and measures are conducive to the development of the industry, and the AI industry chain is expected to accelerate upgrading, and it is recommended to pay attention to investment opportunities in the AI industry chain.

CICC: Guiding the AI industry ecosystem to accelerate its prosperity

CICC pointed out that the implementation of the Interim Measures for the Administration of Generative Artificial Intelligence Services is expected to improve the standardization of the industry's use of AI technology in content generation, and to innovate more steadily under the guidance of regulations. On the other hand, it will stimulate multi-party collaboration, or it is expected to give birth to new content production paths and new business models, and promote the expansion of the future growth space of the industry. Among them, we believe that leading content manufacturers are expected to show more value points based on their existing technical strength and content IP accumulation. The Measures also point out that the original regulations need to be followed for content creation, and we believe that further management measures may be taken in the future.

Source: Read Finance

Review: Yu Fanghua