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源码资本张宏江:AI 步入“产业规模化”
Hua Er Jie Jian Wen· 2025-09-11 06:07
Group 1 - The core viewpoint is that AI is advancing rapidly despite existing disagreements, with significant implications for the economy and society due to the emergence of large language models and intelligent agents [1][2] - Scaling Law remains a fundamental principle for improving the performance of large models, with the introduction of "inference scaling law" indicating a new curve for large-scale development [1] - The cost of using large models is decreasing, as indicated by the rapid decline in the price per token over the past three years, which will further reinforce the scaling law [1][2] Group 2 - AI is driving large-scale expansion of infrastructure, with significant capital expenditures expected in the AI sector, projected to exceed $300 billion by major tech companies in the U.S. by 2025 [2] - The large-scale construction in the AI data center industry is expected to stimulate the power ecosystem and economic growth, reflecting the core of "AI industry scaling" [2] - The emergence of the "agent swarm" era signifies a future where numerous intelligent agents interact and exchange tasks and information, leading to the development of an "agent economy" [2]