銀河證券:特斯拉FSD V13.2即將交付,智駕軟件價值提升
銀河證券研報表示,特斯拉的FSD(全自動駕駛)V13.2版本即將交付,其更新內容在雲應用方面帶來重大突破。FSD V13針對端到端駕駛網絡進行全面升級,提供包括36 Hz全分辨率AI4視頻輸入、原生AI4輸入和神經網絡架構、數據規模增加4.2倍、訓練計算規模增加5倍(由Cortex集羣支持)、光子到控制延遲降低2倍等多項改進。這些更新使得FSD V13在城市街道和高速公路上的性能得到顯著提升,並且能夠一鍵啟動FSD(監督版),集成召喚、循跡和泊車功能。我們認為,FSDV13.2高性能要求將推動傳感器、芯片等關鍵零部件的技術升級和產能擴張。同時,特斯拉供應鏈的穩定性對產業鏈具重要意義;此外,隨着自動駕駛技術的發展,智能駕駛軟件的價值不斷提升,FSDV13.2的交付將帶動軟件開發和服務的需求增長,包括地圖更新、數據分析、雲計算服務等。
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