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ⅴ) Institutional viewpointIn terms of industry funds, as of the close, the net inflow of communication equipment, optics, optoelectronics and consumer electronics ranked high, of which the net inflow of communication equipment was 2.365 billion.On the third day of live broadcast, OpenAI announced that Sora was officially launched to users. It can directly generate videos with a maximum of 20 seconds and a maximum of 1080P through text, and at the same time support text+pictures/videos to generate specific video content, making the generation effect of the model more controllable. On the fourth day of live broadcast, OpenAI announced its "new way of ChatGPT writing and programming" Canvas announced in October, which can help users work efficiently with large models. On December 10th, PixelDance, a video generation model in ByteDance, was officially launched for internal testing in the computer version of Bean Bag, and some users have opened the experience portal. The online video generation function of bean curd computer version can be experienced by some users.

On the third day of live broadcast, OpenAI announced that Sora was officially launched to users. It can directly generate videos with a maximum of 20 seconds and a maximum of 1080P through text, and at the same time support text+pictures/videos to generate specific video content, making the generation effect of the model more controllable. On the fourth day of live broadcast, OpenAI announced its "new way of ChatGPT writing and programming" Canvas announced in October, which can help users work efficiently with large models. On December 10th, PixelDance, a video generation model in ByteDance, was officially launched for internal testing in the computer version of Bean Bag, and some users have opened the experience portal. The online video generation function of bean curd computer version can be experienced by some users...... 2) More positive policy signals are expected to drive the market for resource goods...... 2) More positive policy signals are expected to drive the market for resource goods.

Ⅳ) Industrial capital flow..... 2) More positive policy signals are expected to drive the market for resource goods.I) market review