首先，经常性收入的持续性存疑。当前大模型行业价格战已从消费级延伸至企业级，OpenAI今年已多次下调接口价格，谷歌Gemini企业版定价较Claude低约30%，Anthropic依靠高端产品维持的高客单价能持续多久仍是变数。
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