Huatai Securities observes that the commercialization of AI Agents is gathering momentum globally. For genuine market penetration, Agent products must seamlessly integrate with industry-specific data across various verticals and scenarios. From the standpoint of AI adoption rates, ToC (To Consumer) scenarios progress relatively swiftly, fueled by straightforward demands and a high degree of acceptance for approximations. Conversely, in ToB (To Business) scenarios, AI applications in marketing and sales have transitioned from exploratory stages to widespread implementation, emerging as one of the fastest-growing sectors for large AI models. This transformation is largely attributed to the data-centric nature of marketing and sales, the quantifiability of business objectives, and the standardization of processes, all of which align well with the characteristics of AI technology. This alignment indicates that AI applications in these areas are poised to lead the way in achieving large-scale growth.