Di Yi Cai Jing·2025-11-13 02:16Core Viewpoint - The AI industry structure is transitioning from an unhealthy "pyramid" model to a healthier "inverted pyramid" model, as stated by Baidu Chairman Li Yanhong during the Baidu World Conference on November 13 [1]. Group 1: Industry Structure - The traditional AI industry structure resembles a "pyramid," where the chip layer captures the majority of value, while the economic benefits of models and applications decrease significantly as one moves up the pyramid [1]. - This previous structure is deemed unsustainable and has led to market skepticism regarding the existence of an AI bubble [1]. Group 2: Value Creation - The "inverted pyramid" model suggests that regardless of the profits made by chip manufacturers, models must generate ten times the value, and applications developed from these models should create one hundred times the value, indicating a healthier industry ecosystem [1].