AI产业链核心矛盾:资本循环的“自我强化”与“自我怀疑”前文提到,三层架构的价值传导失衡催生了产业链的资本循环悖论,而这种悖论的核心,就藏在上游与中游对下游的投资绑定中——它们共同形成了一个看似完美的“资本闭环”:
To build a background, the editor plugged in a prompt with a reference image and it took AI 10 seconds to spit out a 12 second-long video where the camera tilted to reveal the landscape, almost indistinguishable from real life.
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但是,这场AI基础设施的资本赌局正面临着资本投入与收入之间的巨大缺口持续扩大的严峻考验。