CITIC Securities: Real-time Interactive World Model Released, Model Productization Continuously Advancing.

date
07/08/2025
CITIC Securities pointed out that recently, the simultaneous release of new models by the three major North American model manufacturers has attracted attention from the capital market. Google has released the world's first real-time interactive global model, Genie 4, which can generate videos lasting several minutes; Anthropic has released Claude 4.1, achieving industry record scores in programming tests; OpenAI has released the open-source reasoning model, gpt-oss, with a 200 billion parameter version that can be deployed on mobile devices locally with good performance. CITIC Securities believes that the rapid updates and iterations of model manufacturers in the near future will have implications including the arms race of technology giants in the frontier model field, the continuing explosive growth of computing power due to reasoning & scaling laws & multimodal capabilities, and the possibility of unlocking complex application scenarios due to improved reasoning capabilities. In the US tech sector, it is recommended to continue focusing on areas such as infrastructure, AI applications, and strategically layout in areas such as AI computing chips, HBM, AI network devices, IDC, basic & application software, and internet services.