AI专题报告之19：AI Agent本质为“执行”功能，关注其与终端结合的应用落地

Investment Rating - The industry is rated as "Leading the Market" with an expected investment return rate exceeding 10% compared to the CSI 300 index over the next six months [24]. Core Insights - The market's expectations for AI have shifted from large models to the real-world application of AI across various computing platforms, hardware, and cloud solutions, focusing on tangible metrics such as profit, revenue, and market share [1][11]. - AI Agents are seen as a new wave of technological innovation that can enhance existing business models and valuations for companies, particularly in marketing, management, and production [22]. Summary by Sections AI Agent and Its Functionality - AI Agents are defined as entities that execute tasks autonomously based on specific goals, primarily functioning in digital environments and requiring human interaction for execution [2][14]. - Current products include Auto-GPT, Baby AGI, and others, which serve as assistants rather than executing tasks in the physical world [2][14]. Market Demand for AI Agents - The demand for AI Agents is highest in environments with minimal screen interaction, indicating a growing reliance on these technologies in smaller devices [2][16]. - The report highlights that 84% of enterprises are still in the early stages of digital transformation, indicating significant market potential for AI upgrades [16][17]. Investment Recommendations - The report suggests focusing on high-elasticity AI stocks in the fourth quarter, particularly companies like Fourth Paradigm and SenseTime, as well as others in the media and education sectors [8][22]. Industry Performance - The industry has experienced a decline of 21% from March to November 2024, indicating a challenging market environment [5]. Future Outlook - The report anticipates that AI will see rapid deployment across various hardware platforms, with a particular emphasis on "embodied intelligence" and "humanoid robots" as key growth areas by 2025 [11][12].