海外Agent框架：Claude+Cursor+MCP

Investment Rating - The industry rating is "Outperform the Market" indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [7][14]. Core Insights - The latest developments in the AI Agent industry have established a framework consisting of a "Base Model (strong coding capability model) + Operating Platform (as a client) + Universal Interface (MCP builds the bridge)" [2]. - Anthropic has entered the Agent field early with strong product capabilities, launching Claude 3.5 on October 23, 2024, which includes Agent functionalities [4]. - Claude 3.7 has demonstrated superior coding capabilities, reportedly able to solve over 70% of real GitHub issues, outperforming competitors [4]. - Cursor, an AI code editor, has integrated multiple top models and is currently ranked first in popularity among AI programming tools [5]. - MCP, released by Anthropic on November 25, 2024, serves as a standardized interface allowing various external services to connect with AI models, significantly enhancing the ecosystem [6]. Summary by Sections Agent Base Model - Claude - Claude is recognized for its strong coding capabilities, leading the Agent domain with superior performance in software engineering benchmarks [3][4]. Agent Operating Platform - Cursor - Cursor has achieved significant market traction by integrating advanced AI models and is currently valued at nearly $10 billion, following a recent funding round [5]. Agent Universal Interface - MCP - MCP has established a vast ecosystem, supporting over 100 applications and more than 15,000 API operations, facilitating connections with various platforms [6]. Investment Recommendations - The report suggests focusing on entry-level Agents such as Tencent (WeChat AI ecosystem) and Xiaomi (mobile AI ecosystem), as well as B-end Agents like Hand Information and Focus Technology [7].