According to the CITIC Construction Investment Research Report, coding has rapidly driven the growth of AI commercialization since the beginning of the year. However, as the penetration rate of programming increases, the market is looking for the next potential scenario. We believe that the AI office scenario has great potential and is expected to bring AI into the mass market. The number of potential users will expand from tens of millions of programmers to 1 billion pan-white-collar workers. According to a16z, weekly active corporate users of Codex in the legal field increased 108 times from February to June of this year. The world's largest models/Internet companies are actively deploying. Anthropic first launched Claude Cowork at the beginning of the year, tied with Claude Code. In July, OpenAI integrated Codex with ChatGPT to allow users in simple chat scenarios to expand to complex multi-tasking office scenarios. XAI recently released Grok Bot. Major domestic manufacturers focus on the strategy: Tencent was the first to release WorkBuddy in March; Ali integrated three products to launch Qianwen Office; Byte incorporated Feishu into Doubao and officially launched the Doubao work brand. Looking forward to the future, Office is expected to become a new round of B-side platform-level products and new traffic entrances.

According to the CITIC Construction Investment Research Report, coding has rapidly driven the growth of AI commercialization since the beginning of the year. However, as the penetration rate of programming increases, the market is looking for the next potential scenario. We believe that the AI office scenario has great potential and is expected to bring AI into the mass market. The number of potential users will expand from tens of millions of programmers to 1 billion pan-white-collar workers. According to a16z, weekly active corporate users of Codex in the legal field increased 108 times from February to June of this year. The world's largest models/Internet companies are actively deploying. Anthropic first launched Claude Cowork at the beginning of the year, tied with Claude Code. In July, OpenAI integrated Codex with ChatGPT to allow users in simple chat scenarios to expand to complex multi-tasking office scenarios. XAI recently released Grok Bot. Major domestic manufacturers focus on the strategy: Tencent was the first to release WorkBuddy in March; Ali integrated three products to launch Qianwen Office; Byte incorporated Feishu into Doubao and officially launched the Doubao work brand. Looking forward to the future, Office is expected to become a new round of B-side platform-level products and new traffic entrances.