国泰海通证券研究·2025-11-20 12:46Core Insights - The launch of Google's Gemini 3 marks a significant leap in large model technology, showcasing breakthroughs in reasoning, multi-modal capabilities, and code generation, while introducing a generative UI and the Antigravity agent platform [1][2][3] Group 1: Model Performance - Gemini 3 demonstrates substantial advancements in reasoning abilities, achieving a score of 37.5% in Humanity's Last Exam, up from 21.6% with the previous model, and scoring 31.1% in the ARC-AGI-2 test, nearly doubling the performance of GPT-5.1 [1] - The model excels in multi-modal understanding, setting new records in complex scientific chart analysis and dynamic video comprehension, laying a solid foundation for practical AI agents [1] - In mathematical reasoning, Gemini 3 has improved from basic operations to solving complex modeling and logical deduction problems, providing a reliable technical basis for high-level applications in engineering and financial analysis [1] Group 2: Code Generation and Design - Gemini 3 shows revolutionary progress in code generation and front-end design, reversing Google's competitive stance in programming contests and paving the way for large-scale commercial applications [2] - The model leads in LiveCodeBench and ranks first in four categories of the Design Arena, demonstrating its ability to generate functional code and aesthetically intelligent user interfaces that align with modern design standards [2] - The new architecture of Gemini 3, featuring sparse MoE design, supports a context length of millions of tokens, excelling in long document comprehension and fact recall tests [2] Group 3: Agent Capabilities - Gemini 3 achieves a qualitative leap in agent capabilities, becoming the first foundational model to deeply integrate general agent abilities into consumer products [3] - The model's tool usage capability has improved by 30% compared to its predecessor, excelling in terminal environment tests and long-duration business simulations, enabling it to autonomously plan and execute complex end-to-end tasks [3] - The introduction of the Antigravity agent development platform allows developers to engage in task-oriented programming at a higher abstraction level, transforming AI from a mere tool to an "active partner" [3]