---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43145044.md"
description: "I'm curious about one question: everyone knows that the future potential of AI is limitless, but with so much investment, who will ultimately pay? Who exactly is upstream? If we rely only on the two giants in coding, can this level of investment be sustained in the future? Therefore, no one can answer where the singularity in the application layer actually lies, yet the entire chain must move forward together. From a bystander's perspective, while it's uncertain where the application layer is, it is certain where the user layer is. This is why I hold META and Tencent. Although META fluctuates wildly in the short term, its core advertising business remains resilient despite short-term divestiture expenses; on Tencent's side, the ad load rate for Video Account is still single digits. We cannot bet on where the specific application layer lies, but by betting on the user layer, we can view the deterministic path of AI from a platform-level perspective.$TENCENT(00700.HK)$Meta Platforms(META.US)"
datetime: "2026-08-03T01:50:33.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43145044.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43145044.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43145044.md)
author: "[大雪雪的交易员](https://longbridge.com/en/profiles/13227469.md)"
---

# I'm curious about one question: everyone knows tha…


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## Comments (7)

- **活捉特朗普 · 2026-08-03T09:25:42.000Z**: Among the AI revenue of the four major cloud providers, the two giants account for only 20%
- **Erstwhile · 2026-08-03T04:10:04.000Z**: AI is a hedge against human labor. The so-called productivity boost means AI replaces the brain, while embodied robots replace manual labor. Traditional industries are actually quite resistant to AI intervention, with the crisis of layoffs hanging over their heads like a sword. The length of this pr
- **new money  · 2026-08-03T02:47:33.000Z**: The core essence of Google, Meta, Tencent, and ByteDance still lies in retaining as many users as possible by occupying their time to generate ad revenue. As long as they can retain users, there is no need to worry. Of course, with AI and better recommendation algorithms, user retention becomes even
  - **费修远** (2026-08-12T10:15:32.000Z): Doesn't Tesla count?
- **我爱炒稀饭 · 2026-08-03T02:13:57.000Z**: Beyond the existing stock in the coding market, it feels like cross-platform and cross-role coding roles are also increasing. Additionally, signs are emerging in the film and television sector. Is it possible that the AI monetization path isn't directly from AI companies to users? 🤔
  - **大雪雪的交易员** (2026-08-03T02:29:56.000Z): Not sure how the specific application layer is doing, but it's certain that the larger the user base, the easier it is to validate, or rather, probabilistic.
- **大雪雪的交易员 · 2026-08-03T01:52:44.000Z**: Supplement, including Google