I'm curious about one question: everyone knows that the future potential of AI is limitless, but with so much investment, who will ultimately pay? Who exactly is upstream? If we rely only on the two giants in coding, can this level of investment be sustained in the future? Therefore, no one can answer where the singularity in the application layer actually lies, yet the entire chain must move forward together. From a bystander's perspective, while it's uncertain where the application layer is, it is certain where the user layer is. This is why I hold META and Tencent. Although META fluctuates wildly in the short term, its core advertising business remains resilient despite short-term divestiture expenses; on Tencent's side, the ad load rate for Video Account is still single digits. We cannot bet on where the specific application layer lies, but by betting on the user layer, we can view the deterministic path of AI from a platform-level perspective.$TENCENT(00700.HK)$Meta Platforms(META.US)