[TF Media & Internet] Domestic Large Models Accelerate Explosion, Focus on Gaming Golden Pit

English summary

AI: Overseas Agent demand officially realized, domestic models entering explosive period 1. Overseas: Agent growth B-end penetration rate accelerating. OpenAI officially confirmed Codex merged with ChatGPT Work, weekly active users broke 10 million on 7/21, roughly doubling in a week (we flagged in 7/15 call), and on 7/22 launched enterprise Agent suite Presence targeting customer service, sales, claims and other process-heavy scenarios. General Agent growth is shifting from C-end usage to B-end payment depth. #OpenAI Q3 ARR beat certainty continues to rise. 2. Domestic: Kimi K3 launched, paused C-end new user subscriptions due to compute overload within 48 hours, full weights open-sourced 7/27. ...