虎嗅独家获悉，这是在Manus内部花最长时间做的功能，耗时超两个月。 就在上个月，行业巨头OpenAI也推出了自家的ChatGPT Agent，尽管上线后市场反响褒贬不一，但其抢占 Agent赛道制高点的野心昭然若揭。其中，"Deep Research"更是被作为核心卖点大肆宣传。 8月1日凌晨，Manus首席科学家Peak季逸超罕见发声——Manus发布新功能Wide Research（广度研究），该 功能目前仅对Pro用户开放，未来会陆续向Basic和Plus用户开放。而目前还没有向免费用户开放的计划。 距离上一次Peak为产品录制视频，还要追溯到今年3月Manus的横空出世。在这5个月里，Manus经历了种种 跌宕起伏的事件。而如今Wide Research功能的上线，似乎是在向大众证明，"我还很好地活着"。 而不到一个月的时间，Manus的Wide Research便横空出世，其"广度研究"的定位，无疑是对OpenAI"深度研 究"的一次精准反击，甚至有点挑战OpenAI霸主的意味。 从实际测试结果来看，这是一场"深"与"广"的对决。 当被要求列出全球前100的MBA学校时，ChatGPT Agent ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report emphasizes the significant growth potential in the AI application sector, particularly in the design field, as evidenced by Figma's successful IPO and strong revenue growth [4][5][8] - Figma's revenue growth remains robust, with 2024 and Q1 2025 revenues of $749 million and $228 million respectively, reflecting year-on-year growth rates of 48% and 46% [5] - The report highlights the importance of cloud-based collaborative design as Figma's core philosophy, showcasing a strong customer base and high customer retention rates [6] Summary by Sections Industry Overview - The report indicates a positive outlook for the AI design sector, driven by Figma's market performance and the increasing adoption of AI technologies [8] Company Performance - Figma's stock price surged to $115.5 per share, marking a 250% increase and a market capitalization of approximately $56.3 billion, making it the largest IPO in the U.S. for 2025 [4] - The company maintains a high gross margin of around 90% since 2023, with non-GAAP operating profit margins reaching 17-18% in 2024 and Q1 2025 [5] Customer Metrics - Figma's Dollar-Based Net Retention rate was 134% in 2024, up from 122% in 2023, indicating strong product stickiness and expansion strategies [6] - The number of customers contributing over $100,000 in annual recurring revenue (ARR) increased by nearly 47% from 701 in 2024 to 1,031 in Q1 2025 [6] Product Development - Figma is expanding its product matrix with the introduction of AI-driven tools such as Figma Make, Figma Draw, Figma Sites, and Figma Buzz in 2025 [7] Investment Recommendations - The report suggests a continued positive outlook for AI applications, recommending various companies in the AI design and computing sectors as potential beneficiaries [8]

小米应用商店宣布与字节跳动旗下一站式AI Agent开发平台扣子达成合作，打通智能体一键发布能力， 进一步拓展AI智能体分发服务体系。此次小米应用商店与扣子合作实现平台系统打通，开发者在扣子 开发平台完成智能体的创建与调试后，可一键发布至小米应用商店，无需任何额外操作成本；用户侧则 可在应用商店专区中便捷获取来自扣子开发平台的丰富智能体服务。 ...

当人工智能从实验室走向产业应用，我们正见证着一场静默却深刻的范式革命。 继大模型之后，Agent正成为这场智能革命中的明确技术路线。但如何构建真正的Agent、迎接Agentic AI，大多数人并不清楚。 但易点天下已经开始通过Agent交付实实在在的价值。 易点天下作为一家企业国际化智能营销服务商，凭借多年来在营销服务领域的行业Know-How，以及近 几年在AI Agent方面积累的技术基础，在前不久发布了其AI Drive2.0数智营销解决方案及首个全球多渠 道全托管AI营销专家-AdsGo.ai。 以AdsGo.ai，以及此前发布的KreadoAI、Funsdata、Cycor、CyberGrow等产品为矩阵，易点天下将复杂 营销工作流通过Multi-Agent和 AI Workflow来封装成一个7x24小时不间断工作的AI智能体系。 其中，新发布的AdsGo.ai通过内部互相串联的、能够理解商家目标，自主分析市场，制定并执行策略营 销的垂类AI Agent，实现"程序化自动化"到"智能化自动化"的跨越，让用户只需要专注于自己的核心业 务，由AI agent 即可自动完成"一键启动、长期运转"的管家 ...

丨证券研究报告丨 行业研究丨点评报告丨软件与服务 [Table_Title] AI 产业速递：微软 FY25Q4 云业务高增，AI 渗 透率加速提升 报告要点 [Table_Summary] 北京时间 7 月 31 日凌晨，微软发布 FY2025Q4 最新季度财报，营收利润均超市场预期。 FY2025Q4 微软实现营业收入 764 亿美元，同比+18%，高于彭博一致预期的 739 亿美元；实 现净利润 272 亿美元，同比+24%，高于一致预期的 253 亿美元。全年维度，FY2025 实现收 入 2817 亿美元，同比+15%，高于一致预期 2790 亿美元；实现净利润 1018 亿美元，同比 +16%，高于一致预期 1002 亿美元。AI Foundry 平台与 Copilot 应用系列于下游渗透加速，商 业闭环加速印证 AI 需求火热，推荐关注全年围绕 AI Agent 带来的投资机遇。 [Table_Author] 宗建树 宋浪 SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 分析师及联系人 1 软 ...

Before releasing its blockbuster GPT-5, OpenAI disrupted the market with another track : the general AI agent. People want a general agent that can use computers on its own and help them complete complex tasks, but the results are said to be a bit disappointing. It seems that they are making a move to dominate the market in order to see the emergence of many general agents on the market , rather than that they are really ready. The outside world speculates that GPT-5 will be released soon. OpenAI's release ...

前言 券商研报信息复杂？机构调研数据过时？屡屡错失投资机会？那是你不会挖！想知道哪份研报有用？什 么时候该看？《研报金选》满足你！每日拆解热门产业链或核心公司，快市场一步的投研思维+严苛的 研报选择标准+几近偏执的超预期挖掘，游资私募都在用！ 点击付费阅读，解锁市场最强音，把握投资机会！ 1. 年初至今涨价超 43% ！ 2025 年供需缺口超 2900 吨！军工 + 新能源双引擎、还有雅下项目 十年红利待爆，这些企业将瓜分千亿市场； 2. AI Agent 倒逼散热革命，主动散热渗透率剑指 30% ，市场规模直逼 200 亿！产业链标的已就 位 。 ...

近日，IDC发布报告称，2025年，AI Agent将迎来规模化落地浪潮，其通过智能化任务处理重构标准化 作业流程的潜力备受期待。随着技术迭代与行业渗透加深，建立AI Agent标准化体系已成为产业共识。 围绕AI Agent核心功能，如任务处理精准度、响应及时性、系统可扩展性等，构建标准化框架，明确定 义合格的AI Agent产品应具备的关键性能指标。 业内分析认为，AI Agent标准化加速，率先布局的科技龙头正抢占市场份额。以联想集团为例，在近日 WAIC2025上，联想展示了天禧超级个人智能体为代表的个人智能（Personal AI），还展示了企业智能 （Enterprise AI）领域的创新实践与落地成果——联想乐享超级智能体、城市超级智能体，搭载了乐享 超级智能体的首位"硅基员工"——乐享壹号成为WAIC现场的流量担当，引发广泛关注。 中信证券认为，2025年有望成为AI应用落地的元年，AI Agent应用场景有望迎来快速爆发，2027后有望 加速渗透，用户使用率有望陡峭提升，其未来渗透率必将达到高水平，2030年前大概率将比当前提高一 个数量级。 AI巨头彰显配置价值 当下，智能体正从技术验证迈 ...

计算机行业 买入（维持） 全面布局 B 端 AI 应用体系，助力企业数字化转型 深 度 研 汉得信息（300170）深度报告 2025 年 7 月 31 日 卢芷心 S0340524100001 电话：0769-22119297 邮箱： luzhixin@dgzq.com.cn SAC 执业证书编号： S0340521020001 电话：0769-22110619 邮箱： luoweibin@dgzq.com.cn S0340520060001 电话：0769-22119430 邮箱： chenweiguang@dgzq.com.cn | 陈伟光 | | | --- | --- | | SAC 执业证书编号： | | | S0340520060001 | | | 电话：0769-22119430 | | | 邮箱： | | | chenweiguang@dgzq.com.cn | | | 主要数据 2025 年 7 月 30 | 日 | | 收盘价（元） 18.55 | | | 总市值（亿元） 185.77 | 证 | | 总股本（亿股） 10.01 | 券 | | 流通股本（亿股） 9.64 | 研 | | ...

Core Insights - ByteDance's Volcano Engine has launched new AI models, including Doubao Image Editing Model 3.0 and Doubao Simultaneous Interpretation Model 2.0, enhancing its AI capabilities and services [2][7] - The Doubao model's daily token usage has surged to over 16.4 trillion, a 137-fold increase since its initial release, making it the leading public cloud model service in China with a market share of 46.4% [2][7] - The company aims for significant revenue growth, projecting over 12 billion in 2024 and doubling to over 25 billion in 2025, with a long-term goal of reaching 100 billion by 2030 [8] Product and Service Developments - The Doubao Image Editing Model 3.0 allows users to perform complex image editing tasks using natural language, making it suitable for various creative and marketing applications [8] - The Doubao Simultaneous Interpretation Model 2.0 reduces voice delay from 8-10 seconds to 2-3 seconds, enhancing real-time translation capabilities [8] - The Doubao model series has been upgraded to version 1.6, featuring improved performance in visual understanding, code reasoning, and cost efficiency for commercial applications [9] Market Position and Future Outlook - Volcano Engine holds a dominant position in the public cloud model service market, surpassing competitors like Baidu and Alibaba [7][8] - The company is focused on expanding its AI Agent capabilities, transitioning AI from a tool to an active assistant, which is crucial for commercial applications [7][8] - The HiAgent platform aims to enhance workplace efficiency by providing a digital employee interface that streamlines tasks and improves collaboration [14][16] Technological Innovations - The launch of the Responses API enhances multi-modal data management and reduces operational costs by 80%, significantly improving development efficiency [10] - The company is committed to open-sourcing various high-quality projects to foster innovation and collaboration within the AI ecosystem [12][18] - The Doubao team continues to develop multi-modal models, with plans to integrate the simultaneous interpretation model into consumer devices [17]