Guoxin Securities released a research report saying that the model architecture continues to evolve, and multiple modes and long texts have laid the foundation for the agent outbreak. Currently, the commercialization paths of large model manufacturers are fragmented, and inference side demand is expected to expand in 2026, and drive the reshaping of the SaaS market pattern, and application scenarios such as programming and agents to take the lead in commercialization breakthroughs.

Guoxin Securities released a research report saying that the model architecture continues to evolve, and multiple modes and long texts have laid the foundation for the agent outbreak. Currently, the commercialization paths of large model manufacturers are fragmented, and inference side demand is expected to expand in 2026, and drive the reshaping of the SaaS market pattern, and application scenarios such as programming and agents to take the lead in commercialization breakthroughs.