Investment Rating - The report maintains the investment rating and target price for the covered companies [6] Core Viewpoints - AI Agents, which can perceive environments, autonomously plan, make decisions, and execute actions to achieve goals, are driven by large language models. The global large model market is expected to grow from 82.1 billion by 2033, with a CAGR of 33.7% over the next decade. The report is optimistic about the future development trends of AI Agents and the investment opportunities arising from changes in the upstream and downstream industrial chains [3][35][36] Summary by Sections Infrastructure - AI Agents are driving the emergence of more applications, increasing demand for computing power, and leading to exponential growth in computational requirements. Major model vendors are reducing API input/output pricing, transitioning to a volume-based business model, which is expected to attract more developers and consumers [4][42] Application Side - On the consumer side, AI Agents are expected to change human-computer interaction, with mobile devices becoming new traffic entry points. Internet and mobile manufacturers are enhancing their system-level AI capabilities. On the business side, AI Agents are anticipated to enhance efficiency and reduce costs for enterprises, stimulating a new wave of industrial investment [4][5] Market Size and Growth - The global AI Agent market was approximately 88.1 billion by 2032, with a CAGR exceeding 36.5% from 2023 to 2032 [36][37] Robotics and Intelligent Systems - AI Agents are expected to enhance the intelligence of robots, with significant commercial potential across various industries. The shipment of humanoid robots in China is projected to reach 350,000 units by 2030, with a market space of approximately 58.1 billion yuan [5][35]
中金：AI浪潮之巅系列之十八：AI Agent，大模型落地下一站
AIRPO·2025-02-16 11:56