中信建投 | AI编程驱动大模型Token调用量高增,看好游戏全年主线推荐

中信建投证券研究
Sep 22, 2025

文|杨艾莉 杨晓玮 蔡佳成 马晓婷1、AI编程驱动大模型Token调用量环比高增。从OpenRouter平台的大模型Token调用量看:9月前两周Token调用量较8月同期增长43%,较8月最后两周增长37%,增量主要来自8月底xAI新发布的编程模型Grok Code Fast,及Nano Banana出圈带动Gemini 2.5调用量提升。从Token绝对值看,目前编程模型Grok Code ...

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