Orient Securities: Long-time optimistic about Work Agent opportunities on the LLM circuit, leading model makers are beginning to cultivate vertical scenarios

The Zhitong Finance App learned that Orient Securities released a research report saying that it has long been optimistic about the commercial implementation of work agents and industrial iteration opportunities under the LLM circuit. The core logic revolves around the two core dimensions of upgrading the model's capability base and deepening the implementation of vertical scenario projects. Leading model makers have begun to cultivate vertical scenes to help Work Agents complete closed-loop construction from technical prototyping to industrial implementation. Currently, industry competition has moved away from the shallow stage of general model parameter competition to refined implementation competition based on vertical task definition, actual workflow trajectory settlement, and the construction of an exclusive Reward feedback mechanism.

Orient Securities's main views are as follows:

incident

On September 2, Workbuddy launched the open platform “open.workbuddy.cn”, which opens up the underlying agent capabilities to three types of targets: intelligent hardware, industry applications, and developers. Ecological partners can self-service access. The first batch of ecosystem partners exceeded 100.

Build a hardware ecosystem and support multi-terminal synchronization for one account

Currently, the cooperative hardware covers more than 10 categories and over 30 brands, such as smart glasses, recording cards, microphones, headsets, desktop companion devices, keyboards and mice, etc., and supports cross-terminal synchronization of an account, and 9 co-branded hardware models have been launched (Plaud recording cards, Rokid glasses, Shadowstone Insta360 recording sets, Youbasket keyboards, Cyberfly headphones, Anke Tabletop, Mamma microphones, and Beijing-made recording cards). The bank believes that more hardware entry means richer service scenarios, and is also a guarantee for more diverse data and information input.

Launched the “Buddy App” portal, industry partners contributed to vertical fields, and WorkBuddy contributed to the agent base

The solution of real tasks requires not only agent ability, but also expertise accumulated over a long period of time in the industry. Buddy applications are native agent applications built by industry partners around real tasks based on WorkBuddy's agent capabilities. Currently, more than 20 fields (finance, SaaS, law, medical care, etc.), more than 30 partners (Tongdaxin, GF Securities, Tencent Health, Peking University Magic, Weimeng, etc.) and WorkBuddy have co-built industry applications.

The three capabilities of Skill (Skill), Expert (Expert), and Connector (connector) are open to developers. Developers can easily access Workbuddy through standard protocols. The Expert Market provides two forms: agent type and team type; the connector supports both MCP and CLI solutions. Currently, more than 100 partners are co-creating on the platform.

The bank believes that work agent competition has been upgraded from simple agent competency competition (model+harness) to ecosystem competition

Full-scene information input for multi-terminal hardware, injection of more industry know-how, and joint construction by more developers are expected to greatly improve agents' ability to operate in real scenarios, and are also expected to increase the stickiness of industry partners to the platform. Furthermore, user interaction data in multi-terminal scenarios can also feed back model training.

Risk Alerts

AI technology iteration falls short of expectations, AI application implementation falls short of expectations, AI commercialization falls short of expectations