AI泡沫后只剩这两类公司杀出重围！昆仑万维CEO方汉：明年唯一技术赛点在Agent

Core Insights - The article emphasizes three key terms for the tech industry in 2025: AI bubble, verifiable product value, and process-oriented ecosystem [4] - The AI bubble is seen as a necessary phase that consolidates capital, computing power, and engineering talent, ultimately leading to viable products [4] - The industry is experiencing a structural mismatch where technology outpaces product development, resulting in a lack of compelling consumer applications [5] Group 1: Industry Trends - Companies that have succeeded this year are those that address high-frequency demand scenarios, such as AI social media and music, which are conducive to scalable model applications [7] - AI has significantly restructured content production and office processes, reducing time from days to minutes, shifting focus from model strength to verifiable processes and reusable results [7] - The core pressures faced by tech companies include converting technical advantages into sustainable cash flow and advancing AI deployment within regulatory frameworks [8] Group 2: Future Outlook - The only technological battleground identified for 2026 is whether Agents can automate verifiable processes on a large scale [11] - The focus will be on general AI assistants, companies that only develop models without products, and traditional software companies that lag in adopting AI-driven processes [11][12] - The next two years will determine success based on the ability to transform processes into assets rather than the intelligence of models [14]