And public sentiment is already shifting. Across France, Germany and Spain, majorities say enforcement of rules on large technology companies is too weak rather than too strict, and roughly half of respondents in those countries believe major tech firms are as powerful as — or more powerful than — the European Union itself. That suggests concern about platform dominance is not confined to policymakers or industry insiders; it is a mainstream public view.
17:55, 4 марта 2026Силовые структуры
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创始人必须预判业务中所有的“摩擦力”，并将复杂的、依赖经验的隐性流程，转化为智能体可以自动运行的指令流。只有当你能定义一套完整的“业务本体”时，Agent 才能在缝隙中生存，真正支撑起“无人”的状态。
明确的展望，将在短期内带来信心的注入。但不容忽视的是，核心云厂商的资本开支占比已相对较高。尤其 2026 年 Meta 资本开支/收入的比值将提升至 5 成以上，进一步提升的空间相对有限，这依然是压制公司/行业估值的主要因素。
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