Woofun AI reports that institutional funds in China's primary market are shifting toward Embodied AI, Physical AI, and World Models. Large Model financing stands at approximately $23.56 billion, AI infrastructure at $15.74 billion, and Embodied AI at $13.36 billion.

Early-stage pure basic model financing has effectively closed, with capital concentrating on leading firms. AIGC applications remain the most mature commercialization area but lack clear winners, while significant capital rotates into AI infrastructure and semiconductor supply chains.