PANews, June 21 – According to a research report from China Securities, domestic models continue to iterate. GLM-5.2 and Kimi K2.7 Code strengthen 1M context, long-range Agent, Agentic Coding, and real engineering delivery capabilities, driving the shift of domestic models from general Q&A toward developer tools and enterprise-grade workflows. Kimi bolsters its international operations capability, DeepSeek’s financing strengthens the industrialization expectations for leading models, and the WeChat AI gray-box testing indicates that AI entry points are moving from standalone apps toward a super-app ecosystem, which is expected to increase model invocation frequency and inference token consumption. Overseas, Anthropic’s revenue, number of large clients, and financing scale continue to be revised upward, with enterprise workflow and Agentic Coding demand still on an expansion trajectory. On the computing power side, AI cloud vendors’ backlog is growing, GPU rental prices are rising, and supply constraints for CPU, DRAM/NAND are spreading; the prosperity of computing power, storage, and rental services is expected to persist.