在流量红利尚在的阶段，交易规模的扩张可以掩盖效率与分配问题；但当新增用户放缓、使用频率趋稳，平台增长就不可避免地从规模扩张转向单位变现。这一转变，使抽佣的性质发生了变化。它不再只是对撮合价值的回报，而逐渐承担起补增长的角色。
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数字人软件公司的对接人员告诉王顺，他们的数字人软件可以在所有主流平台上直播。 受访者供图
Nature, Published online: 27 February 2026; doi:10.1038/d41586-026-00601-0
AIO lacks this infrastructure. ChatGPT doesn't provide website owners with analytics showing how often their content appears in responses. Perplexity doesn't send performance reports. Google AI Mode doesn't have a Search Console equivalent yet. This creates a visibility problem—you can't optimize what you can't measure.