360 Security Technology (SH:601360) Hua Xia Shi Bao·2025-08-07 12:24Core Viewpoint - 360 is attempting to break through the development bottleneck of the AI era with its intelligent agent strategy, upgrading its generative AI search product, Nano AI, to a "multi-agent swarm" and launching the "Agent Factory" to facilitate collaborative AI capabilities [2][3]. Group 1: Strategic Developments - The transition from "single-agent operation" to "group collaboration" is a significant evolutionary step for AI, marking a key transition into the "results delivery era" [3]. - 360 has introduced the "Agent Factory," allowing enterprises to customize their own L3 intelligent agents without programming knowledge, aiming to enable every company to create its own intelligent agents [3]. - The evolution of intelligent agents is categorized into four levels: L1 (chat assistants), L2 (low-code workflow agents), L3 (reasoning agents), and L4 (multi-agent swarms) [3]. Group 2: Market Position and Performance - Nano AI is positioned as the world's first true L4 intelligent agent system, reflecting a competitive landscape where various companies are rapidly developing intelligent agents [4]. - Despite the competitive environment, Nano AI has achieved significant recognition, ranking first among intelligent agents in terms of traffic in June [6]. - 360's financial performance has been under pressure, with a projected net loss of approximately 320 million to 240 million yuan for the first half of 2025, although losses have narrowed compared to the previous year [5][6]. Group 3: Future Outlook and Challenges - The success of 360's AI business is crucial for improving its financial situation, with a focus on integrating AI with security services [6][7]. - Industry experts emphasize that 360 must leverage its dual advantages in security and traffic to create a paradigm shift in the AI landscape, rather than merely following trends [7].