传媒：Gemini 2.0发布，多模态+AI Agent持续迭代

Investment Rating - The industry investment rating is "Leading the Market," indicating an expected outperformance of over 10% relative to the benchmark index in the next 6-12 months [5]. Core Insights - The report highlights the release of Google's Gemini 2.0, which is described as the most powerful AI model to date, featuring multimodal capabilities including native image generation and audio output [2]. - The introduction of Gemini 2.0 Flash is expected to enhance the AI Agent ecosystem significantly, with a 100% speed improvement over the previous version, Gemini 1.5 Pro [2]. - The report suggests that the continuous iteration of leading AI models will provide methodological guidance for the industry and enhance productivity [2]. Summary by Sections Investment Highlights - Google has launched a series of new products based on Gemini 2.0, including Project Astra and Project Mariner, which aim to enhance user experience and task completion capabilities [2]. - The report emphasizes the potential for AI Agents to provide personalized services and improve dialogue experiences through advanced features [2]. Market Performance - The report notes a significant increase in user engagement metrics, with a projected rise from 1 million to 12 million users [2]. - The relative returns for the industry are projected at 11.93% for the next period, while absolute returns are expected to reach 8.48 million [2]. Analyst Recommendations - The report recommends focusing on key companies such as Tencent, NetEase, and others that are positioned to benefit from advancements in AI technology [2].