金吾财讯 | 华泰证券表示，OpenAI于6月3日举办OpenAI Intelligence at Work活动，宣布将在几周内把Codex核心能力整合进ChatGPT，并同步推出Codex功能更新。本次整合的核心在于：将Agent能力嵌入ChatGPT的高频入口，推动Codex从开发者工具向泛办公场景延展。①对OpenAI而言，ChatGPT已拥有9亿+WAU（截至2月），Codex接入后有望率先在C端起量，并通过员工自下而上反哺企业订阅，拓宽OpenAI的B端渗透；②对Agent行业而言，相较Claude Code，Codex使用门槛更低，有助于推动Agent普惠化。目前Codex非开发者用户已占总用户约20%，且增速为开发者的3倍以上。该机构认为，伴随Codex渗透加速，AI办公有望成为继Coding后的下一轮放量场景，建议关注后续催化。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.