China Merchants Securities released a research report stating that the active deceleration of cutting-edge AI is not simply due to security concerns; it is more a result of the combined effects of industrial evolution, commercial competition, and the global technology game. On the one hand, as large models gradually have the ability to independently perform tasks, call tools, and participate in AI research and development, the model's RSI trend is increasing, and the speed of model capability improvement may further exceed the existing security assessment system, driving the industry to re-examine cutting-edge AI governance issues. On the other hand, continuous unrestricted performance improvements have also brought about the contradiction of rapid growth in computing power investment, rising capital expenditure pressure, and lagging commercial returns. The slowdown will help ease the pressure of disorderly expansion of the industry and strengthen the leadership position of leading companies.

China Merchants Securities released a research report stating that the active deceleration of cutting-edge AI is not simply due to security concerns; it is more a result of the combined effects of industrial evolution, commercial competition, and the global technology game. On the one hand, as large models gradually have the ability to independently perform tasks, call tools, and participate in AI research and development, the model's RSI trend is increasing, and the speed of model capability improvement may further exceed the existing security assessment system, driving the industry to re-examine cutting-edge AI governance issues. On the other hand, continuous unrestricted performance improvements have also brought about the contradiction of rapid growth in computing power investment, rising capital expenditure pressure, and lagging commercial returns. The slowdown will help ease the pressure of disorderly expansion of the industry and strengthen the leadership position of leading companies.