According to analyses by TS Lombard and Bloomberg, the current AI boom is primarily driven by internal industry spending rather than broad external demand from consumers and enterprises. Researchers estimate that approximately 85% of the AI ecosystem's revenue originates from internal circulation.

This data indicates that despite rapid advancements in AI technology, commercialization remains largely confined to the tech supply chain and has not yet achieved widespread external productivity transformation. For developers and enterprises, this implies that short-term market growth will continue to rely on infrastructure investment rather than large-scale adoption of end-user applications, underscoring the need for the industry to accelerate the identification of external use cases to achieve sustainable growth.