Innovation workshop fourth phase 500 million US dollars fund raised Li Kaifu interpretation of AI trend

category:Internet
 Innovation workshop fourth phase 500 million US dollars fund raised Li Kaifu interpretation of AI trend


[NetEase intelligence April 25th news] this afternoon, the Innovation workshop held a private financing meeting in Beijing. At the meeting, Li Kaifu gave a speech on the overall layout of the Innovation workshop on VC+AI, analyzed the five areas of the future key investment of the Innovation workshop, and the interest and investment of the global capital market to China. The fourth phase of the US $500 million fund will only be completed in one month, focusing on five investment areas in the future. The chairman and CEO Li Kaifu of the Innovation workshop said that the fourth - phase fund of the Innovation workshop was successfully funded, benefiting from the outstanding performance of the former fund of the Innovation workshop, which continued to bring rich financial returns to the investors. On the investment stage, Li Kaifu said that the strategy adjustment of the investment stage of the Innovation workshop focused on the development phase of the early and middle period (A-B wheel), and the goal was to lock the track and invest more in the middle and late period after the C round. The fourth phase of US dollar funds will increase in the C and D rounds. The era of parallel universe between China and the United States is coming. China has four advantages. Looking forward to the trend of global technology industry, Li Kaifu believes that the era of parallel cosmological era between China and the United States is coming. In the future, American companies will still occupy English speaking countries such as North America and Western Europe, while Chinese companies have some advantages in Southeast Asia, the Middle East, and the African market. The world will enter the era of Sino US global oligarchy expansion. The main features of the American model are to focus on innovation, technology and mission oriented entrepreneurship. The model is relatively light and focus on the expansion of the global platform. The main features of the Chinese model are focusing on integration and high-speed, partial application, result oriented entrepreneurship, heavy mode and emphasis on localization and development. Li Kaifu analyzed that the value of China and the worlds similar technology companies has reached 1:1. Speaking of the Chinese market, Li Kaifu believes that mobile payment, AI, massive data +OMO and overseas expansion are Chinas huge advantages over the US market. Among them, mobile payment subverts the traditional industry, and it has become the best platform for China. In 2017, the total payment of China Mobile reached 18 trillion and 800 billion US dollars, which has exceeded the total GDP of China in this year. In addition, online and offline fusion (OMO) has also become a trend in which a large number of data are collected, which will make China a data Saudi Arabian. China has become the largest single Internet market in the world. Chinas innovation ability has been successful from the American model, and has the ability of local innovation in China, and even the Chinese model is used for reference abroad. Mobile payment, OMO (online and offline integration), multi wave demographic dividend and the rise of artificial intelligence (AI) and other factors drive the accelerated expansion of Chinas consumer economy. Li Kaifu believes that AI is now transforming from technology based and expert to budding to the outbreak of data based applications. Li Kaifu said that AI algorithm is important, but data is more important. In Li Kaifus view, after the outbreak of AI, China will be the biggest beneficiary. The application of artificial intelligence has gone through four wave waves, the first wave is the intelligence of the Internet, the second wave is business intelligence, the third is the intelligence of the real world, and the fourth is fully automatic. In these four waves, China will lead in the third wave, and will catch up with the US in the fourth wave in the next five years. Speaking of AI chips, Li Kaifu said that this era will bring many opportunities to the chip industry. In the future, AI chips will enter new terminal products such as robots, driverless cars and so on. Compared to the AI chip, Li Kaifu said he also attached importance to sensors. Every sensor in the future will have new ways, such as optics and so on. In addition, Li Kaifu also announced the new positioning of the Innovation workshop - VC+AI, the Innovation workshop has entered the 3 era, will work towards a highly institutionalized direction, create the most abundant entrepreneurial ecosystem, and expand the influence of globalization. In this new position, the artificial intelligence engineering institute under the banner of Innovation workshop will be an important support to build the most technical investment team, and train AI talents to promote the development of the AI industry. As the first Chinese investment organization to create investment teams in Silicon Valley, the Innovation workshop has so far invested nearly 50 projects around the Internet of things & robot, AI black technology and education technology. The Innovation workshop has also established a North American Engineering and AI technical talent pool, real-time tracking of talent trends, and for both China and the United States. Item company recruits senior technical personnel, and encourages Chinese scientists and engineers to start their business in a timely manner. (Yi) Pay attention to NetEase intelligent public address (smartman163), to interpret the big events, new ideas and new applications of large companies in AI field. Source: NetEase intelligent responsible editor: Wang Chao _NT4133