10倍增长、全球最贵公司和近4亿用户：AI新时代的5个信号｜36氪年终总结①

36氪Pro2025-12-12

2025年的AI进程呈现出一种罕见的清晰度：它不再是一项技术，不再是一条赛道，而是一种力量迁移，就像当初的互联网、移动互联网时代一样。资本、计算与需求的方向同时发生偏转，这种一致性通常只在全球经济结构重排的时期出现。最具象征意义的事件来自市场：英伟达跃升为全球首个市值5万亿美元的公司。这不仅是估值的突破，更是世界对未来生产范式的投票——算力正成为一种新的战略资产，取代移动互联网时代的流量与终端。...

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