CITIC Construction Investment: Optimistic About AI Application Implementation and Growth in AI Computing Demand

On April 28, CITIC Construction Investment’s research report stated that OpenAI has launched GPT-5.5, and DeepSeek has released a preview of DeepSeek-V4. Both GPT-5.5 and DeepSeek-V4 emphasize the extreme compression of inference costs. This does not mean that the demand for computing power has peaked; rather, the decrease in single-use costs may trigger an exponential increase in token consumption. The report remains optimistic about the subsequent explosion of AI applications and maintains a long-term positive outlook on the North American computing power supply chain and domestic AI computing power pioneers.

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