Fund manager: AI is gradually entering the explosive stage of application in the second half.

date
13/08/2025
Since the beginning of this year, AI has been entering a virtuous cycle from computing power input to cloud service consumption, and ultimately back to computing power input. The key to driving this flywheel effect is the rapid increase in AI applications. On July 31st, the State Council executive meeting reviewed and approved the "Opinions on Deepening the Implementation of the 'AI+' Action", proposing to deepen the implementation of the "AI+" action and vigorously promote the large-scale commercialization of artificial intelligence. Several interviewed fund managers believe that while computing power is the leading indicator of prosperity in the AI industry, this year AI will enter a new stage of commercialization closed loop, with many AI applications at home and abroad accelerating, leading to a explosive increase in token calls, steep growth in core product ARR slope, and AI gradually entering the second half of the application explosion phase.