Serenity stated that AI investment in China's primary market is flowing towards embodied intelligence, physical AI, and world models. The financing scale of the large model/LM is about 23.56 billion US dollars, the AI infrastructure and technology layer is about 15.74 billion US dollars, the embodied intelligence/physical AI is about 13.36 billion US dollars, the AIGC application is about 8.79 billion US dollars, and the autonomous driving and other Top-20 clusters are about 3.82 billion US dollars. Early pure basic model financing was basically closed, and funds flowed to leading companies and world model companies. Serenity believes that funds in the US market are concentrating on top companies such as Anthropic and OpenAI, and the world model has become the biggest consensus for early investment. AIGC applications are the most mature commercial field, but there is no clear winner yet. Funds continue to flow towards AI infrastructure and semiconductor supply chains, with capital turning towards physical AI, embodied intelligence, humanoid robots, and world models.
