Huatai Securities: The enhancement of technological attributes may raise the valuation level of game industry-related targets
2025-03-19 07:59:49

Huatai Securities Research Report pointed out that on March 15, Anuttacon, an AI company founded by Mihoyo founder Cai Haoyu, officially released its first experimental work "Whispers from the Star", which reshaped the game narrative with real-time interaction driven by a large AI model. Players communicate with Stella, a girl who fell on an alien planet, through voice and text. Her heart rate, emotions and even survival decisions are generated by AI in real-time interaction. Huatai Securities believes that the experience of "player-character symbiosis" in the game has jumped out of the plot preset framework of traditional text games, verifying the incremental value that AI technology brings to the game industry. The enhancement of technological attributes may raise the valuation level of related targets in the game industry.
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