And yet, as an Oxford Economics report released in January found, many layoffs that CEOs called AI-related were actually the result of past overhiring.
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优必选虽然年营收超过13亿元，但研发投入和运营成本居高不下，财报显示，2025年上半年其研发费用高达2.18亿元，占营收比重35.1%，同期净亏损4.39亿元。智元、宇树等独角兽虽然估值飙升，但规模化量产的成本压力和售后体系的建设投入巨大，商业化也还处在早期。