There is now a vast tier of companies above traditional venture capital and below public markets: real revenue, real scale and global impact. That layer barely existed 20 years ago.
谷歌用 Gemini 3.1 Flash-Lite 证明了，在海量 B 端流转中，极低的成本和可控的推理速度是敲开企业大门的硬通货。而 OpenAI 则试图通过 GPT-5.3 的交互降噪与 5.4 的状态记忆，将 AI 从“外挂工具”变成无缝嵌入人类工作流的隐形基础设施。
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