Behind Agent Application Divergence: Valuation Logic from 'World-Building' to 'Light Bulbs'

When Beijing and Hangzhou give completely different definitions to Agents, what exactly is the market pricing? The industrial sector shouts "Agents can already build worlds," while academia calmly asserts "It's just an electric lightbulb that was recently invented." Behind this divergence lies the typical growing pains of the AI industry shifting from technology-driven to commercial implementation. My conclusion is clear: current Agents are in the early commercialization stage from 0 to 1. Hangzhou's "lightbulb" metaphor is closer to industrial reality, but Beijing's "building worlds" narrative is a key catalyst for valuation recovery—the two are not contradictory, but rather different mappings of the pricing cycle.