360 Security Technology (SH:601360) Ge Long Hui A P P·2025-09-24 06:15Core Viewpoint - The discussion between Luo Yonghao and Zhou Hongyi highlights the challenges and considerations in developing large-scale AI models, emphasizing that 360 has not pursued a general-purpose large model due to the significant financial investment required [1] Group 1: Investment and Financial Considerations - Zhou Hongyi stated that developing a general-purpose large model requires an investment of at least 10 billion USD, and major foreign companies have invested nearly 400 billion USD over the past few years, which 360 cannot afford [1] Group 2: Technical Aspects of AI Development - Zhou Hongyi clarified that 360 is not merely creating a shell for AI agents; substantial engineering efforts are necessary to support a complete intelligence foundation [1] - He emphasized that building an intelligent agent requires more than just a distilled model; it necessitates various specialized models, including reasoning, programming, intent prediction, and routing models [1] - Zhou Hongyi reiterated the importance of having a foundational model, stating that 360 maintains the capability to train models with parameters around 100 billion [1]