中信证券：AI编程成为最快落地Agent场景，行业空间有望达230亿美元

Core Insights - The report from CITIC Securities highlights that AI programming has become the fastest emerging application scenario due to significant improvements in model programming capabilities through reinforcement learning [1] - The current market size of the AI programming industry is approximately $3 billion, with projections to reach $23 billion by 2030, and a long-term potential space of nearly $700 billion [1] - The report indicates that the current CR3 (Concentration Ratio of the top three companies) exceeds 70%, suggesting that the perspective of "models consuming applications" is not comprehensive [1] - The industry has achieved an initial gross margin of 20%-30% through a pay-per-use model, and with the potential for significant price reductions in model APIs, the gross margin for coding applications is expected to improve [1] - The report recommends focusing on leading overseas AI programming companies, as well as domestic small and medium-sized enterprises and internet giants [1]