MIIT to roll out AI plus software action plan, AI application sector stays active

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The Ministry of Industry and Information Technology said it will accelerate the rollout of an AI plus software action plan to promote the intelligent transformation of software development. Boosted by the news, AI application stocks were active in early trading. Chuanzhi Education hit its daily limit up, marking four consecutive trading days of limit-up gains. Pu Lian Software, Hengfeng Information, Giant Network and other stocks followed the rally. Chuanzhi Education disclosed that its short-term training business has launched an AI embedded plus robotics development discipline, and the first course of the newly released AI embodied intelligent robot development discipline will start in October this year. The smart driving concept also performed actively. Zhejiang Shibao hit its daily limit up, while VanJee Technology and Suo Ling shares followed the rise. Earlier, Guo Shougang, head of the equipment industry division at the MIIT, said that since the beginning of this year, the penetration rate of passenger cars with Level 2 combined driver assistance functions has reached 70.5 percent, and the penetration rate of passenger cars with NOA functions has reached 34.2 percent. In addition, Elegant Home-Tech opened at its daily limit up, achieving an eight-day winning streak. The company previously announced plans to acquire no less than 77.08 percent of Oconnor for an overall valuation not exceeding 650 million yuan. Oconnor focuses on storage testing equipment and testing services.

Impact on stocks 8

Others · 8 stocks
Zhejiang Shibao Co Ltd
002703
▲ PositiveDemandrelevance

Smart driving concept active; MIIT reported high penetration of Level 2 and NOA functions, boosting demand outlook.

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