2 1 Shi Ji Jing Ji Bao Dao·2025-07-17 12:38Core Insights - The breakthrough in large model technology is driving the development of multimodal and agent technologies, enhancing industry efficiency and accelerating commercialization through policy compliance and capital resonance [1][2][4]. Market Dynamics - By 2025, China's large model technology is expected to experience explosive growth and structural optimization, transitioning from an auxiliary tool to a core productivity driver across various sectors including government, finance, manufacturing, and healthcare [2][4]. - In the first half of 2025, the bidding market for large models reached a record scale of 6.4 billion yuan with 1,810 projects, surpassing the total number of projects in 2024 [4][5]. - Baidu Smart Cloud emerged as the leading bidder with 48 projects and 510 million yuan in bid amounts, followed by iFLYTEK and Volcano Engine [4][5]. Technological Advancements - Significant breakthroughs in multimodal capabilities and agent technologies are fostering a positive cycle of technology, application, and business [7][8]. - The market is shifting focus from infrastructure to practical business applications, with over 50% of projects in the second quarter of 2025 being application-oriented [5][6]. - The integration of large models with industrial software is becoming a mainstream application mode, particularly in manufacturing [11][12]. Policy and Regulatory Framework - A comprehensive policy framework has been established at the national level, focusing on compliance, incentives, and infrastructure to guide the healthy development of the industry [14][15]. - As of June 30, 2025, 439 generative AI services have completed registration, indicating a move towards standardized development [14][15]. Regional Development - Different regions in China are adopting unique development paths for large models, with the Beijing-Tianjin-Hebei region focusing on technological breakthroughs, while the Yangtze River Delta emphasizes scene innovation and ecological cultivation [18][19][20]. Capital Market and Industry Collaboration - The surge in bidding orders for large model vendors is linked to internal innovation and policy support, with significant impacts on stock prices following major project wins [21][23]. - The integration of capital operations through mergers, strategic investments, and industry chain collaboration is accelerating the commercialization of large model technologies [25][26].