A CSC Financial research note says physical AI is set to become the core driver of the next phase of AI growth. Physical-world data — the perception-to-feedback engine — faces a large, inelastic demand shortfall. Constrained by a fidelity–scale–cost trilemma, data acquisition is likely to prompt three market shifts: business models toward crowdsourced data collection, technical paradigms toward world-model–based synthetic data generation, and the reclassification of physical data as high-value intangible corporate assets. The supply–demand imbalance should reprice physical-data assets and accelerate capital into data infrastructure and evaluation datasets. Market leadership is unresolved; firms that control scarce physical data and closed-loop synthetic-data capabilities are likely to capture premium valuations.(金十数据)