--- type: "Topics" locale: "zh-CN" url: "https://longbridge.com/zh-CN/topics/38846815.md" description: "Why does this article have such a big impact on the IGV sector? It uses three cases to deduce how AI is disrupting software business models.Case 1: $ServiceNow(NOW.US) introduced AI into its SaaS services to help customers save costs. Customers reduced their HC by 15%, and Now, which charges per seat, also lost 15% of its budget. To maintain competitiveness, Now also laid off employees while continuing to invest in AI. This is a rational response for each company, but the collective result is that the money saved from layoffs strengthens AI capabilities, making the next round of layoffs possible.Case 2: The user stickiness represented by $Doordash(DASH.US) is bypassed in the face of Agents. People are too lazy to compare prices across multiple platforms, so apps become consumption habits. However, Agents can instantly query and search across multiple platforms, pushing the cheapest and most cost-effective options. Agents have no app loyalty.Case 3: Agent Commerce, represented by M2M, disrupts the intermediary model of transaction fees. On-chain transactions bypass intermediaries, resulting in lower fees.The core view is that Agents make it possible to bypass intermediaries and connect directly with end-users, but this also destroys the foundation of modern commerce because it is precisely the intermediate links that create jobs and income. In the end, white-collar workers earning $180,000 a year lose their jobs and drive for Uber, earning less than $50,000 a year and having no money to spend. As for the Agents that bypass intermediaries and take the profits, they don't consume at all." datetime: "2026-02-24T02:56:11.000Z" locales: - [en](https://longbridge.com/en/topics/38846815.md) - [zh-CN](https://longbridge.com/zh-CN/topics/38846815.md) - [zh-HK](https://longbridge.com/zh-HK/topics/38846815.md) author: "[lyhalfway](https://longbridge.com/zh-CN/profiles/3372973.md)" --- > 支持的语言: [English](https://longbridge.com/en/topics/38846815.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38846815.md) # Why does this article have such a big impact on th… ### 相关股票 - [iShares Expanded Tech Software Sector ETF (IGV.US)](https://longbridge.com/zh-CN/quote/IGV.US.md) - [ServiceNow (NOW.US)](https://longbridge.com/zh-CN/quote/NOW.US.md) - [Doordash (DASH.US)](https://longbridge.com/zh-CN/quote/DASH.US.md) - [Palantir Tech (PLTR.US)](https://longbridge.com/zh-CN/quote/PLTR.US.md) - [Microsoft (MSFT.US)](https://longbridge.com/zh-CN/quote/MSFT.US.md) ## 评论 (22) - **Rich越越越越 · 2026-02-25T09:04:53.000Z**: now assist 是混合定价模式 除了席位费 还会按 tokens 消耗量收费 超额要购买流量包 - **满仓等暴涨 · 2026-02-24T05:39:20.000Z**: People actually believe in a novel from 28 years ago? Might as well believe I'm Qin Shi Huang. Wasn't 2012 supposed to be the end of the world? - **烧麦 · 2026-02-24T04:35:49.000Z**: The money earned by Agents is essentially the revenue of CSPs and large model companies, right? - **lyhalfway** (2026-02-24T04:59:26.000Z): Yes, but the article assumes that this portion of money continues to be used to burn on models or ends up in the pockets of a small number of people, with very little flowing into the consumer market. - **爱吃菠萝包的猫 · 2026-02-24T03:50:46.000Z · 👍 1**: I roughly read the article, Uncle Yaren. According to the logic deduced in the chapter, the impact on the advertising business is devastating. The shift in the main body of consumption decisions from humans to Agents means machines don't watch ads and have no brand loyalty. Theoretically, this is al - **lyhalfway** (2026-02-24T03:55:11.000Z): But this article's reasoning is too idealistic, only enough to scare market expectations. It didn't consider government regulatory factors and the assumption of new demand brought by AI. - **爱吃菠萝包的猫** (2026-02-24T04:04:07.000Z): Yeah, thought experiments tend to be absolutely idealized deductions. - **啊？哥你这是八位数啊** (2026-02-24T12:03:07.000Z): Just saw this full article on Zhihu, and it scared me so much that I immediately came to the dash comment section to find out what's going on. Thankfully, what you guys said gave me some comfort. - **Godview · 2026-02-24T03:32:34.000Z**: The money earned by the agent is earned by the company that operates the agent, and the people at the agent company also need to spend. - **lyhalfway** (2026-02-24T03:55:32.000Z): Currently, agent companies have very small workforce sizes. - **Godview** (2026-02-24T03:58:56.000Z): So from now on, all SaaS companies will transform into agent companies. - **lyhalfway** (2026-02-24T04:01:10.000Z): It's not that easy, Salesforce's sales team alone has several thousand people. - **SkylerHu · 2026-02-24T03:11:16.000Z · 👍 1**: For this logic, perhaps both the experience and the resonance it generates are more familiar to ⏰ people. Domestically, the process of "disintermediation" had already begun during the internet era, and in a horizontal comparison, the depth and breadth of this disintermediation far surpass th - **lyhalfway** (2026-02-24T03:19:22.000Z): Yes, didn't expect the old ⏰ to be leading the version here. Referring to the impact of e-commerce on offline retail formats, mom-and-pop shops and small workshops are being phased out, scaled chain e - **SkylerHu** (2026-02-24T03:28:24.000Z): So if we ask ourselves: what would happen if there was a company very similar to the one we invested in, but it was a clone in the Chinese market? We might get some answers. From this perspective, amo - **rechenhh · 2026-02-24T03:01:23.000Z**: Boss, I want to ask why BMNR's decline is smaller than Ethereum's now. - **lyhalfway** (2026-02-24T03:03:24.000Z): Because the mNAV has stabilized, it has been around 1.02 for the past month. - **rechenhh** (2026-02-24T03:04:01.000Z): Okay, thanks! So can it be understood that bmnr has already reached a relative bottom? - **lyhalfway** (2026-02-24T03:05:55.000Z): The premium has stabilized, but it's still uncertain whether ETH has stabilized.