软件ETF（515230）涨超2%，近10日资金净流入超28亿元，多模态预计在2026年进一步迭代

Core Viewpoint - The software ETF (515230) has seen a significant increase of over 2% on January 23, with a net inflow of over 2.8 billion yuan in the past 10 days, indicating strong investor interest in the sector. The multi-modal technology is expected to be a key factor in AI applications by 2026, benefiting primarily AI video and robotics/autonomous driving sectors [1]. Group 1: Multi-modal Technology - Multi-modal technology is anticipated to be a decisive factor in AI applications by 2026, with direct beneficiaries being AI video and robotics/autonomous driving [1]. - In the AI video sector, advancements such as the resolution of physical consistency issues with Sora2 and Veo3 are expected to lead to a generative environment by Q4 2025, with further acceleration anticipated as domestic multi-modal models catch up in Q1 2026 [1]. - The robotics/autonomous driving field is expected to see practical applications in experimental environments by 2026, driven by advancements in world models like Google's Genie and Tesla's iterations [1]. Group 2: Domestic and International Developments - Internationally, multi-modal technology is projected to evolve further in 2026, moving towards a unified tokenized world model [1]. - Domestic models such as Byte's Seed and Minimax's Hai Luo are expected to catch up quickly, with related products likely to be released in the first half of 2026 [1]. - The demand for computing power and storage is expected to benefit from the implementation of multi-modal and long-memory technologies [1]. Group 3: Software ETF Overview - The software ETF (515230) tracks the software index (H30202), which reflects the market performance of the software industry, covering companies involved in application software, system software development, and related services [1]. - The index focuses on technology innovation and high-growth companies, with a concentration in the information technology sector, leaning towards a growth-oriented style [1].