TechFlow News, according to TechFlow Research, JPMorgan Chase's July 13 report pointed out that Starbucks building its own AI tools to replace Microsoft and IBM software, Microsoft using its self-developed MAI to replace OpenAI and Anthropic models, and Meta developing cloud business to sell AI computing power collectively indicate a trend: the software profit pool is shifting downstream from the model layer.
DigitalOcean's Q2 remaining performance obligations exceeded $800 million, a 10-fold year-over-year increase, with AI inference already accounting for a significant proportion; over half of Cloudflare's requests come from AI agents, and it has launched a crawler paywall to open new revenue sources.
Morgan Stanley believes model providers face pressure of being replaced, demand at the infrastructure layer remains strong but the structure is changing, enterprise customers' bargaining power is rising, and investment logic needs to shift from "models as winners" to "infrastructure and intermediary layers".
