360 Security Technology (SH:601360) Xin Lang Ke Ji·2025-07-23 04:02Core Insights - The discussion at the 2025 China Internet Conference highlighted the complexities surrounding Manus's decision to shift its domestic operations overseas, with implications for its business model in the context of AI advancements [1][3]. Group 1: Business Model Changes - The operational costs associated with AI are significantly higher than those of traditional internet models, leading to a shift from ad-based revenue to direct user charges [3]. - The traditional internet model relied on low operational costs and high user engagement to generate advertising revenue, which is no longer viable in the current AI landscape [3]. Group 2: Market Opportunities - There is a belief that the Chinese market still has substantial potential for AI applications, particularly in creating personalized intelligent agents for various user needs [4]. - The company aims to lower the cost of developing intelligent agents, making it accessible for individuals and small to medium enterprises, which could represent a significant market opportunity [4].