Sou Hu Cai Jing·2025-11-13 02:32Core Insights - The AI industry is transitioning from an unhealthy "pyramid" structure to a healthier "inverted pyramid" structure, emphasizing the importance of applications over chips and models [1][3]. Group 1: Industry Structure - The previous "pyramid" structure allocated most value to the chip layer, with model manufacturing receiving only 1/10 of that value, and application value being an order of magnitude smaller [3]. - A healthy industry structure should allow chip manufacturers to earn 10 times their value from models, and applications developed from those models to create 100 times the value [5]. Group 2: Market Environment - The AI large model development is nearing a critical point, with expectations of numerous valuable applications emerging soon, indicating an exciting market environment [5]. - Currently, 65% of content on Baidu's search platform incorporates generative content, primarily presented in formats like galleries, videos, or live broadcasts, marking a significant transformation in search engine capabilities [5].