AI融資大對決! 華爾街資本神話被看穿? 習近平舉國之力衝刺 國家資本與市場融合打造最強生態系#寰宇全視界 #寰宇新聞

0:00 Now It's already a competition for national-level infrastructure. So, under this basic viewpoint... You can see the first phase of AI between China and the US. Actually, it's a comparison of GPUs. It's computing power. It's a large model. But if we now enter the second phase... Besides the three things being compared... You also have ecosystem developers And then there are application scenarios. These three are among the major strengths of mainland China. China's technology industry They're currently raising funds intensively. The Wall Street Journal reported that Deepc raised over $6.7 billion in its first funding round. Combine the letter The equivalent in credit currency is approximately 230 billion. Support artificial intelligence development And what about now? The company's valuation exceeds $50 billion. It is the highest-valued AI startup in mainland China.

0:46 Morgan Stanley Asia CEO Co-Head of Global Equities His name is Gao Haofeng What does he think? Besides the United States Mainland China is the only country with independent Moreover, the market of a comprehensive AI ecosystem What about the entire AI ecosystem? That's a lot of potential! Create an incremental market capitalization of $3 trillion to $4 trillion Currently, global annual AI investment It has increased to Approximately one trillion to one trillion and five trillion US dollars The New York Times report points out that... US tariffs and technology restrictions Isolate Beijing Outside of most of the areas of the artificial intelligence boom For example, AI data centers This includes the GPU and CPU that support the computing cores. What about the main suppliers? Now we see companies like Nvidia, AMD, and TSMC. Memory In terms of storage?

1:31 Like HBN High-frequency bandwidth memory And then there are high-end solid-state hardware. The main supplier of SSDs Now it's like s K Hynix And there are also Samsung and Micron, which we know of, etc. Therefore, the AI capabilities of the two superpowers, China and the United States The future will become a key factor in determining national competitive power. Let's go back to DeepC's first round of financing. It is based on what China just mentioned The AI ecosystem will gradually expand. Making preparations in advance. Or is it that China already knows very well? The trading of computing power will eventually break through US restrictions. So let China's AI Ultimately, it will still be integrated into the global AI system. Unstoppable Is that so? Sister Qian, I'll go back to my original opinion. that is It is now Competition in national-level infrastructure projects

2:17 So, under this basic viewpoint... You can see the first phase of AI between China and the US. Actually, it's a comparison. It's a GPU. It's computing power. It's a large model. Um But if we now enter the second phase... Besides the three things being compared... You also have ecosystem developers And then there are application scenarios. These three are among the major strengths of mainland China. Uh, to give a simple example For example So far, no one has paid much attention to his Baidu profile. Baidu's head slap Patting the head is like flying. He is going to empower thousands of industries. It can help every industry in application scenarios. It's very easy to get into AI. Hmm, a mid-level product. That is, the seven layers of our previous communication... There are probably only ideas like the third or fourth level. So today, besides the first floor, we are comparing...

3:02 The second level is the new stage. It also depends on the market and its acceptance. Expanding capacity? It will be a very important factor in the middle. So if you look closely The two sides actually have different financing methods. Yes, we just saw you in the West. You are now seeing the deep sea Its funding seems far too small by Western standards. The smaller one is from Hong Kong's perspective. It's practically a Mickey Mouse. How could that be? Deepsea's financing is so small. However, the West currently has limited funding channels for AI. Basically, it's Wall Street. Or a privately-owned tech giant Like you have SpaceX It has a huge money-making ability They used it to make money. after It then invests in its downstream or other cooperative manufacturers. It is an operation centered on capital. Well, but in mainland China since the 15th Five-Year Plan... You will see fifteen or fifteen. When discussing new value productivity

3:49 It is also equipped with They've raised a lot of funding related to technology. Besides the government Government banks There are also local development funds. So where are you in all those places? You can see it It refers to state capital and market capital. A comparison was made. Comprehensive integration At the same time, its dominant force The first is that the nation is a strategic force. But what about the market? It is to decide which individual companies Or what kind of leading companies could we increase our investment in? So there is a big one This is what we often call the national system. It's about making big plans. Then each market is unilaterally increasing its investment. The mixture of national and market capital It's still not available in the United States. Even if the US government invests in Intel... That amount is very small.

4:34 The amount of money required by Intel is very small. It mainly relies on the intervention of the US government. Another one is rare earth elements. The U.S. Department of Defense also got involved. They used government intervention. This represents a kind of endorsement. This allows the market to operate more quickly. To raise a large amount of funds Yes, but the basic tool is still the market. Yes, it's Hua. Wall Street is the financial... It is his private technology giant Let these giants become a huge money-making machine. So this thing I think you'll be able to tell after a while. Its difference will be on one side It will have a relatively large ecosystem. Because he created a platform. Let people from all over the world Regardless of whether you are in Shenzhen today Because Shenzhen has a lot of capital. Or are you in Hangzhou today? You are elsewhere You may have funds in some places. Therefore, it is a relatively inclusive development. Furthermore, China's AI path has been open source from the very beginning.

5:22 Yes, Androp is also going to be open source today. Because open source has become a trend If you don't open source today You won't have more developers You won't have any more applications. Then you can compete at the end. That final end market You will lose correctly So what we are actually seeing now is... China and the United States have different development paths Utilizing different financing channels At the same time Let the country have different roles Two AI development strategies So, simply looking at it... It's actually just a different pipe. I just saw Teacher Wu listening to Qianqian's analysis. He nodded frequently. Because I saw You actually traveled to mainland China. Yes, because Qianqian was talking about the funds. Our college three weeks ago I just participated in a networking event between Zhejiang and Taiwan. Yes, that's something I haven't participated in for over twenty years. Such business activities There are still so many I'm very happy too! But mine is because I haven't participated for over twenty years.

6:08 I have a very deep feeling. When Taiwanese businessmen went there more than 20 years ago The mainland hopes to attract Taiwanese investment. We are following the trend and attracting phoenixes. This phoenix represents money. You Taiwanese want to invest money This time I went I feel like they don't want money. Finally, we'll talk about what we have here. And as Sister Qian just mentioned... There are central governments, local governments, and enterprises. Various different funds It was set up immediately. There was never And then there's the matter of money. We're going to give you money. I hope you What they need Need talent Yes, I hope Taiwanese talents will go there. Starting a business in such a favorable environment The one I've been nodding about repeatedly is this. Get to know Teacher Wu I'd like to ask you another question. Because another report is from Reuters. What do they say? Like ByteDance. It is happening now. Because when mainland China is mentioned... They mentioned they are currently in contact with Tianshu Zhixing. Negotiate procurement Chips used for AI inference That day, the headquarters of Data Intelligence was in Shanghai.

6:56 Now see It is very likely to become the next Huawei and Cambricon ByteDance's third domestic GPU supplier What are the expectations? This year It will supply ByteDance with at least 50,000 chips. And there are Bloomberg columnists That just points out one problem. Antropic believes it should comply with the requirements of the US government. Restrictions on certain foreign nationals There are also specific regions that use their most advanced models. Like Mesos and fable As a result, we saw this on the mainland side. Simple AI immediately launched a new model Moreover, it adopts an open-source model. So my question is China uses the open source model This AI seems to have the upper hand. So how do we assess its advantages in terms of PROS and CONS? We've been mentioning a concept repeatedly called ecology. Because when we talk about AI You'll know soon! China is very strong. The United States is very strong. There are only two major countries, but there are still 100-200 countries in the world.

7:44 What should they do? Chinese communities also say Every country has its own beta. You need to have your own sovereignty over AI. It was very engaging. That politician would want to say Yes, yes, we should have our own That's something he'll develop on his own. Powerful countries like the United States and China impossible Sister Qian just mentioned many factors involved. Is the algorithm AFX correct, etc.? You want so much You can't do it? So you can only integrate into that ecosystem. Draw nourishment from that ecosystem So here's where the problem arises. Yes, I want to join China's ecosystem. or the American ecosystem Future ecosystems will definitely be very finely divided. Now it looks I dare not speak of the future. But now it seems Indeed, two "um"s gradually appeared. Two ecosystems Um That's what you just mentioned, open source versus closed source. Who benefits? Of course, open source has its advantages. Because when other countries wanted to join Sigh, I need to develop it on my own. I need to use such expensive ones now. If you don't have money If funds are insufficient

8:30 They've already spent a lot of money buying Huang Renjun's GPUs. There's not much money left. We need to use that one. Haha, use that free and open-source one. I can then establish my country's so-called AI sovereignty. This model can be applied to one's own country. Therefore, open source has this advantage. So what does it look like now? China's approach echoes what you just said. Indeed, they have a significant advantage. People are watching to see if AI technology is about to explode. What about Taiwan? In the future AI data center Even the supply chain related to AI factory hardware Even the entire ecosystem They all occupy a very important position In the picture We see An industry analyst at Daiwa Capital Technology. Zheng Shengyuan He analyzed the core focus of this compute tech event. The development of CPU Especially The key role of CPU in the agent-based AI ecosystem

9:17 And what? After importing Nvidia Spark series chips What about this AI PC? This will bring a new wave Growth opportunities in potential market size And on the mainland side? Over the past year We also see the CSI Information Technology Index. The increase has already nearly doubled. Market capitalization increased by more than $900 billion Although the increase lagged behind Give some global market indices dominated by chip stocks However, the market generally believes that... More catalysts are yet to be developed. On the other hand... I also saw the Democratic Party. Senator Warren, a Democrat from the United States. Because of attention Nvidia's business development in mainland China And export controls And Nvidia in the global AI boom The core role of the future So on June 11th... Will invite Jensen Huang to attend the Senate hearing?

10:03 Please consult Teacher Lu first. Both the US and China are now competing in AI. Besides technological competition, what else... Of course, AI is of paramount importance. But this competition will be the main battleground in the next round. What do you think? And Taiwan's role in it. Well, from this perspective... We know If this has happened in the past two or three years It's a competition between GPUs, HBM, and TSMC in the field of AI. Let's have a good next generation. It is the infrastructure of AI Okay Including electricity And then there's its inference operation, which is good. In addition to what you just mentioned, h AI CPU AIPC And whether it's open source or closed source is good or bad. This will inevitably become A focal point of the next generation of AI wars We know these four companies This CSP provider is good.

10:49 Microsoft Meta Google AMOLED They are going to spend a whopping $650 billion this year. In investing in AI, this frontier The model is a large, cutting-edge model. Okay, then we need to invest in AI. It has reached a new level. Therefore, China advocates for open source. The US OpenI is a closed-source system. This is a competition. Regarding electricity China strengthens its power grid through various methods. To compensate for its shortcomings in the chip. These are all things we can see. The future of US-China competition A divergence has emerged Okay, then another AI China will emphasize the application of AI in the future. Therefore he emphasized robots This AI application in robots The meeting will be China's future development A very important place So we can simply say

11:36 The above outlines the future competition between the US and China in AI. What three major competitors might they face? So, in terms of our current GDP... And that includes compute tax. Also seen at the exhibition Especially AIPC In his sharing, Huang Renxun The CPU was also specifically mentioned. What about the future? Just like I just said Previously it was a GPU It is a graphics processor The future is the central processing unit. CPUs will get hotter and hotter. Such an AIPU Do you think it will benefit the capital market? How much more kinetic energy should be injected? This touching moment is currently beyond our reach. Why? Because we know In the past, GPUs experienced explosive growth. However, the CPU is definitely inside the AIPC. It won't be an explosive success. Instead, it is an expansionary growth. It will extend to the domain of every application platform.

12:21 Let it happen It is about enabling the application of AI Apply it to all personal computers Therefore, it won't happen like this GPU. Explosive growth like NDD What about the past applications of GPUs and CPUs? On one of these Uh, inside the computing machine It might be that the GPU is... Oh, maybe this GPU is 8. CPU is a... What about now? This development trend is... I don't need that many GPUs So the CPU might be one. That GPU might only have 2 or 4. That's all. Therefore, the demand for this CPU has increased significantly. This is NV. What Huang Renxun said Why did CPU usage increase so significantly? This is also MD The stock price has increased by 160 percent in the past. Since the end of March this year It has increased by 160 percent.

13:07 Quite amazing OK AI Everyone's working hard right now. The competition is extremely fierce. Besides hardware And software too. Of course, we must mention the deep-seeking movement in mainland China. DP recently announced that it has launched its first fundraising round. The scale is approximately 50 billion RMB. That's about 7.4 billion US dollars. Reuters also reported that. This round of investors includes Tencent Holdings. CATL NetEase, JD.com, and other mainland Chinese technology and industry giants Tencent is considering investing 10 billion RMB. And CATL? Then we'll consider investing 5 billion RMB. What about Tencent and CATL? It is expected to become the largest contributor in this round of fundraising. Largest external investor IDG Capital, headquartered in Hong Kong And what about similar capital? Also listed as potential investors

13:54 As for Liang Wenfeng, the founder of DeepC... He also promised He will invest 20 billion RMB of his own funds. And what happens after this round of fundraising is completed? Deepc's valuation It may fall between 350 billion and 400 billion RMB. Uh so This time, the industrial strategic goal is to expand the capital structure. What do we think of Teacher Zhang? Oh, this should be in Chinese history. The largest single AI funding deal Of course there are. Three meanings Our first past Deepsix exploration It's more like a technology research and development center. Yes, it has become a universally commercialized enterprise. The second one? Ganglong Ge mentioned Currently, Yingde Times is among the participants in the financing round. And also NetEase, JD.com, etc. Tencent etc. Right or wrong? In other words In the past, Deepsix was more like a This solo effort

14:40 Now Becoming a strategic alliance for AI infrastructure It's good to become a team That third meaning It's just said to be a blood tonic. Because in the competition within the AI industry... This also faces the problem of talent loss. There are also equipment iteration issues. So wait It's like replenishing blood. However, looking at it from a global perspective... The impact wasn't actually that great. Because it's calculated based on each company's traffic. For example, we need to become familiar with Siemens Web. This traffic statistic Currently, in the robotic form of AI... This deep AI question-answering service Previously, it was dominated by one power. It means checking GPT. That accounts for about 50%. Now they're slowly joining in. This is along with Google's Dreamland. That probably accounts for about 30% to 40%. In other words, the traffic of AI services in this world. Especially in the area of robot question answering

15:25 Approximately 80% is controlled by the Americans. Then there's Bao Angqianxi, whom we're familiar with. dipsick bean buns At most, it will be a rise or fall in the sixth, seventh, eighth, or ninth place. The casualty rate is only around 10%. So what do you mean? That 50 billion! $7.4 billion in financing What about the United States? It's like comparing a small fry to a big fish. To be honest, my eyelids probably don't even blink. This is only the first round! Yes, yes, that's good, but for the United States... This is just a small dish. Hmm, what about the second one? The most important thing is the blockade of chip technology. Is it still impossible to buy the advanced B200? Oh, then please, next generation. You can only buy the next generation. Or they developed it themselves. There's still some distance to go before it's generated. Hmm, what's the third point? What did the next generation rely on in the past? This refers to their algorithm optimization. This inexpensive soft three-dimensional structure Optimize it to the extreme Let's take a gamble and fight against the giants. But the problem is the diminishing marginal utility. Well, there's always an end to it.

16:11 Therefore, my conclusion is that... Although this financing is unprecedented Unprecedented in Chinese history But enough Only with enough chips Let deep seek on the poker table Just keep playing cards with these big-name players. That can only be described as being next to the leader. Just be a competent follower. At least that's how it is for now. H200 That's the answer to this. Want to sell to mainland China What happens next? We'll see. We specifically look at this issue. And another point that I noticed... It's in the US. Because the headquarters is located in San Francisco They developed the cloud series of AI models. This AI startup... It's also very popular recently. Entropic Their current market capitalization... It is $380 billion And what are their specialties? It is about developing general AI systems and language models. This week However, they released a report reminding everyone...

16:56 And it was a warning. Latest Model It has already begun to appear signs that may be out of human control The Financial Times disclosed Antropic? Although currently in litigation with the Pentagon However, engineers have already been dispatched. To be stationed at the US National Security Agency Deploy the cloud middles AI model Used in offensive network warfare Because of the middles. The biggest function Its most powerful function is to help Find vulnerabilities in the system This will greatly help improve public security. It seems Antarctic is suing the Pentagon. It's because... Antarctic attempts to restrict the US government Using the AI model they developed To conduct large-scale surveillance of American citizens And what? Used in drones with autonomous self-destruct capabilities So what about the Pentagon? Just take the entrapment.

17:42 Viewed as a supply chain risk Then Entrapment therefore filed a lawsuit against the Pentagon. Now we see uh With AI becoming an increasingly popular topic globally... However, Anthropic also issued this warning. It seems like a line of defense has been erected against moral hazard. Teacher Liu thinks This is a business warfare strategy. A feint? Or is it really possible in the future? In the AI competition between China and the United States The high risk of this kind of AI emerging I think both of them are true. um Both Actually, if uh You mean new technology is coming out? New technologies emerge We actually started from uh From an international political perspective? What we are actually looking at is human scientific wisdom. Look at the political wisdom of humankind! That was definitely a wild beast. Something new has been released. How did he get shackled? Can you control him?

18:29 So, the Great Wall in the past Uh, after a lot of new weapons came out... Then the existing international political order Slowly, the new weapon was... Incorporate it into the international order It did not overturn the international order. But AI is different. AI is coming fast, fierce, and urgent! People didn't even have a chance to adapt. In cases where none of these exist... So many people are worried. Then our human wisdom Is it possible to control AI? Should Harbin Technology's intelligence be controlled? We need to control it, otherwise... What if it goes out of control? So you're talking about this entropic Why was it brought up? It's actually just a gimmick. Or is it really a risk? I think both are possible. One is that many people are genuinely worried. Hmm, that means they're really worried. What about the second one? When I bring up a morality Moral hazard I raised myself up. I'm making a pinky promise. Hook I'm different from other AI competitors.

19:14 Look I followed the development Then I emphasized this morality again. Make a distinction Then I have morals. So some people already feel... sigh. That's it. This is good. Uh, when we have doubts about AI That company's AI is pretty good. Therefore, it can also attract some new customers. So regardless of whether he issued a genuine warning Or a political gimmick I think these two things exist simultaneously. Actually, we heard that earlier as well. OpenAI has also issued warnings. But now you see him he Uh, now that AI is being developed... Is that related to what he mentioned earlier? Did the warnings match? So how do we interpret this? Because after technology reaches a certain extreme... One thing I'm really worried about is... In the face of fierce competition nowadays Between countries Especially under intense competition like that between China and the United States They might use national security as a broad label.

19:59 Then, the technology industry is required to... To comply with national security Some of these related policies Even strategy This policy strategy What do you think? Weaponization of AI I can't help it! Think of a sentence that is The most evil thoughts originate from the noblest morals. Therefore, under the guise of national security National security How many sins Acting in your name However, human technology continues to advance. We've been worried about this for a long time. It is said that after which weapon was released It's like a wild horse running free. For example, the poison gas back then Maxim machine gun Even nuclear missiles But in fact, it has been proven Ultimately, they are still subject to human constraints. But let's be honest... This thing is important for AI. Artificial intelligence Or perhaps it's due to artificial intelligence going out of control.

20:46 As early as the 1980s Hollywood releases this and makes that movie. Terminator The final destroyer is the prophesied war. The war between this machine and humanity Then humanity failed. Uh, after the defeat, I hid in that pit. Then wait for this final destroyer to arrive. We must annihilate him. So we all know this. In fact, humanity has always had these concerns. But has it actually come true? I think I absolutely need to remind myself of this. Artificial intelligence involves this application This is military stuff. In defense, it has long been And that includes intelligence gathering too. This term is called a decision resource system. Yes, that's right. Used for calculation This material management Ammunition and fuel Industrial and medical supplies

21:32 Logistics and Transportation This intelligence analysis and judgment He This so-called largest and strongest place in artificial intelligence He pieced it together. The one missing this piece Then he pieced it together. Because of our traditional warfare Western military science discusses the elements of war. How can one see through the artifacts of war? Relying on these That is to say, the resources of this artificial intelligence Then piece it together. This is something that has been in use for decades. But now it's only getting worse. For example, the loitering ammunition you just mentioned. He's on his own. Automatic identification Go and engage in battle on your own This could absolutely get out of control. This is already true. We must take responsibility for our wars again and again. So what happened in the end? The operator of the snap-on machine discovered it was automatic.

22:19 The person who will come to manufacture this trigger... Is that so? Able to shirk responsibility These are all problems Today The gun was fired. Direct damage was dealt. This is something an individual can be responsible for. Yes, but you blew up the dam. Then the water from the dam poured down. This is the law of war. It is currently prohibited. But will the laws of war prohibit it in the future? That is to say, this AI If this utilizes artificial intelligence Autonomous automatic identification Autonomous engagement The most original one is the initiator. Bear the guilt of war I think all of these are true. Human beings must use wisdom to exist. Currently in the laws of war There is indeed a legal blind spot. But we humans must have confidence in ourselves. I think the final destroyer is still... This is called

23:04 Unlike Arnold Schwarzenegger That's how it appeared in that movie. For me, humans... It wouldn't be to say that it was indulged to that extent. So it's still the same old saying. Water can carry a boat It can also capsize a boat. AI (Artificial Intelligence) in mainland China Image processors are also GPUs The relevant report shows that... Market size of AI chips in mainland China It will reach $67 billion by 2030. This means What is the compound annual growth rate from 2024 to 2030? It's also expected to reach 23%. AI chips in mainland China by 2030 This self-sufficiency rate... It will reach 76%. The main reason? It's China expanding its chip industry. Wafer fabs also have equipment scale To compensate for the disadvantages in manufacturing process technology.

23:51 This localization strategy... It is continuing to have an effect. Achieved results So Morgan Stanley, on the other hand, remains particularly bullish on mainland China. AI semiconductor supply chain Including companies like SMIC North China Electronics There are also manufacturers of ASMPT, etc. What we're seeing now is the self-sufficiency rate of AI chips. More than 70% I'd like to ask Teacher Anyang for advice first. What do you think? This is relevant to the internal situation of mainland China. Especially the semiconductor industry What other impacts will the AI ecosystem bring? I think it involves several levels. Nvidia's iteration speed is just too fast, huh? Yes, we'll be moving from GB 300 to VR in the second half of this year. Japan Ha Okay It's getting hotter today. Therefore, Taiwan's heat dissipation industry There is a thriving development First, to increase efficiency a little. The cost is a multiple.

24:36 Since mainland China can't buy chips anyway... So the job of taking a loss is left to American companies. Like these CSPs now He's going to use this to issue AI bonds. Therefore, his free cash flow decreased significantly. So what will this generative AI eventually become? Nobody knew last time Then mainland China will try a different approach. That is to say I Let's get started now. Go directly to inference It's like learning something new and then applying it immediately. Well, this one... large language model Who pays the bill after the calculation is done? Because these AIs have changed Let entry-level workers go unemployed AI code has already been released. Therefore, students majoring in self-study engineering are no longer in high demand. In mainland China Use this open source Therefore, it can become like TikTok much faster. More companies like this will emerge in the future. Ha Dui Then let's have one more thing. This means that Chinese companies can utilize overseas resources.

25:24 Middle East market Southeast Asian market It can utilize the resources of the United States there. CSP is running a large language model over there. That also means he has a chance with Nvidia products. For example, H200 As Chen just said It will become a product from my great-grandfather's era in the second half of the year. Therefore, Nvidia basically needs to clear out its inventory. So you can use very cheap ones. Pay the price to buy it Therefore within China You are using relatively outdated Chinese chips. Products discounted with VDA Within China, SLM and similar inference methods are primarily used. These open-source resources can then be applied. Outside of China You can basically use a mezzanine. Set up a mezzanine company in Southeast Asia Middle Eastern mezzanine companies Paying rent Basically, you can go and run around. To develop markets outside the United States You mentioned NBD? Because everyone is paying attention now Yes, this new week's GTC is...

26:10 VDR founder Jensen Huang He wants this to be made public. Next generation The new generation of this kind AI-related chips, etc. This is expected to lead to further technological breakthroughs. So let's go back to the point The H200 was originally intended to be sold to mainland China. Are you selling now? Mainland China is still so important Does it still matter? Uh, the strategy is very clear. For example, the so-called uh US garbage transportation capacity model Because ultimately it's for consumer applications. Therefore, Chinese companies You can use other people's things. Come back and use an expert model again. Using a distillation method It can also achieve your desired effect Okay. So what does that mean? The chips are on our side. They think the chips are made specifically for our TSMC. In reality, who ultimately pays the bill? Who pays and where does the money come from? From that perspective

26:55 Basically, someone is going to be a sucker. As long as you can get the money You can then become a sucker. Some people can achieve great results with minimal investment. Use leverage to achieve its effect. These are completely different paths. Okay, actually, when we talk about the application of AI... This AI-related application in mainland China It really was a leap forward Moreover, it is now used in a wide range of applications. Recently on the internet in mainland China This is a hotly debated topic. It's about raising lobsters. This is on a website in mainland China. A frequently appearing popular word/phrase The reason is because of the wildly popular Openclaw. Its logo? It's just a lobster In this scene We see this lobster as a logo. What about netizens in mainland China? Therefore, this installation and usage process This is called lobster farming. It means that... Install a personal AI agent. AI agent in early March

27:42 Downstairs from Tencent headquarters in Shenzhen This is what happened. Scenes of a technology fair It's an engineer. Everyone set up stalls At that scene Free assistance to people queuing up Install this Open Cloud. Such software So what about the users? As long as you install this Open Cloud on your computer Or the cloud That way, AI can automatically help you write weekly reports. Organizing data Or send an email And also, making briefings. It can even perform tasks related to automated processes. That currently includes Alibaba. And ByteDance Tencent Even Huida has launched its own crayfish. Okay, so from installation and upgrades to security... Every level actually presents a business opportunity for AI applications.

28:27 Like this open cloud? Its software is indeed 100% free. It's all open-source, free projects. But what about...? Install it into the computer cloud That's when the real money-burning begins. That ranges from $10 to $30 per month. He will help you It's applied to different document processing tasks. Or it could be replying to emails or some simple tasks. Alternatively, if you pay $70-$150... Such a high-frequency task There will be multiple tools connected together. What else? It will make you run this process for a relatively long time. So now? South China Morning Post (Singapore) They have reported that This open cloud was launched last November. It has gained popularity among veteran actors and tech enthusiasts. What about around the Lunar New Year this year?

29:13 Instantly became a sensation in mainland China So I'd like to ask you first... What does Teacher Lin think? Just this open Caused by open cloud A phenomenon in crayfish farming in mainland China OK, I'll take another look at this as soon as possible. Yes, this thing is quite new. Honestly We're using this AI now. Or something? Generally speaking Possibly like check GBT Yeah, or a lot of different kinds Some are good at giving presentations Some are strong at analysis. But now this so-called lobster farming It is basically It connects all sorts of AI tools I'll use this analogy. If I were in some other AI today I asked him OK How do I make a video? Yes, it needs to be on YouTube. I want to become a live streamer What to do? OK, let me tell you 1234 to persuade GB. You need to register an account first. Okay, and then how and how

29:59 How would you like to simplify it? I'll find the link for you. But you still need to press it yourself. But what if today's lobster is what? I told him I hoped to become one A live streamer Then he'll proactively help you register an account. That account might be the only one. What? Teacher Wang Do you want 1234? Do you like it? Okay, then come again. That is to say, if you want to Just say OK. He automatically applied for it for you. If you want to upload He can also tell you which type you want. It means He is somewhat like the artificial intelligence we have in mind. It's not just about helping you complete reports. He can also take the initiative to tell you This report You might have better transportation every month. Or perhaps they ate and drank too much. How do you save money? If you want to save money What kind of person do I have? This greatly simplifies the process for you in this assignment. In a connection or in a concept transformation In other words, as long as you can really do it, you can open a sentence.

30:45 You can speak a sentence He can do that. Like your virtual secretary However, one problem with virtual secretaries is that... Are you really going to reply to his letter? For example, Because you see We can reply to your email for just $10. Simple task But he might reply with "oh". I have received your information. Well, sometimes we all know... In the shopping mall Was it necessary to reply so quickly? Or what? whet his appetite Scare marketing Or rather We have some considerations of our own today. So this actually raises another problem. It is an optimal solution for AI. The most suitable solution Oh, I'm sorry. The optimal solution is not necessarily the most suitable solution. Sometimes We have some of our own related plans. Another question is... That's right, I provided it to him. But we can just use it like we're using a mobile phone. Many times it's about whether you want to provide Permissions

31:30 So today I'll be doing one high-frequency task each day. or multi-tool cascade I should at least give him one of my contacts. Otherwise, how could he reply to your letter? Help you do things automatically Or, if I give him my account... Which day? Is it possible that he...? What will change my password or something else? Or rather, some of the things he uploaded I might not really want these things. Data used So these Will this cause me any trouble? Actually, this brings us back to a... Whether it's public security or Or it is ourselves Regarding these authorized uses, or... Will there be some future...? This artificial intelligence certainly has its advantages. One of his strengths But when we give him more... When the information Will he himself one day He also generated another one. For example, yt generated an account himself.

32:16 We want to compete with you. Okay, let's talk about the two superpowers, the US and China, the G20. It's a fight to the death. Moreover, it's about the competitive landscape. The architecture will never change. But what about the future? What everyone is competing on is high technology. Especially the competition in AI What do many people think? This AI competition is all about whose chips are more powerful. Which is more advanced in manufacturing? But Tesla CEO Elon Musk He recently gave an interview... He, however, offered a different perspective. He also dropped a stun grenade He said mainland China is very likely to be in the AI race. To lead the world Because the key to the future AI competition It's not at 2 nanometers. 1.8 nanometers Even higher made Instead, in a more realistic However, this is a problem that the United States has deliberately ignored. It's just a matter of whether there's enough electricity. Musk bluntly stated

33:01 2026 2 China's electricity generation may be three times that of the United States. In contrast, regarding chip manufacturing... Advancing from 2-3 nanometers to 2 nanometers Machine costs increased by 2 times However, the efficiency only increased by about 10%. But this also means Chip manufacturing technology Significant breakthroughs are now difficult to achieve. For latecomers In other words, Huawei in mainland China It will be easier to catch up. Okay, so Teacher Huang When Musk mentioned electricity In fact, it is the key to the future. Actually, we mentioned it in the program. Energy is Talent is also a key factor. It was specifically mentioned that electricity is an energy source. When the electricity generation of this continent far exceeded that of the United States. This AI race What are your thoughts on the future development of Ha? No AI without electricity Yes, it should mean that AI continues to advance.

33:48 It consumes a lot of electricity. Therefore, a sufficient supply of electricity is crucial. Well but... This electricity may not necessarily be converted into computing power. Yes, that's just as He Rong just said. You have sufficient electricity. Your system Your policy Your talent Your Windbreaker Your Industry Cluster Your software development Let me give you a few examples. If any part is not in place No more electricity You may not be able to transform into your group. Computing power is correct. We say that computing power equals national power. But what truly matters behind computing power is national strength. Computing power becomes national power This involves whether or not you can use it. You obtained this electricity After you acquire this computing power

34:35 What do you want him to use it for? How to increase the rights of the state How to accumulate more wealth How to advance technological development to a higher level Many of these are related to people. Related to talent Therefore, it also involves changes in population structure. Education Policy It doesn't mean I have electricity. I'm sure I'll win. If it is right, then it must be strong. So the electrical part is more like We heard something like that. The hardware part Talent is software. If we look at it from a higher perspective... One side is pursuing In other words, mainland China is catching up rapidly. The US is blocking it. It's about not letting mainland China catch up. This chase... In a rush In terms of offense and defense Future strategies, especially in technology How will they make adjustments? In terms of physical limits

35:20 You're from Vimi? Then to nano You'll eventually stop caring about any kind of law. In the end, he has a limit. Minimize Therefore, the limit of physics But it doesn't represent the true physical limit. You need to rely on more electricity to support it. For each other's development It is a comprehensive Um So I think what Musk meant was that... When you have that last bit of electricity It's like an engine. Your engine is not enough. The engine is inferior to others If the output force is insufficient You you you Even the best chip might not be usable by you. That's why he said electricity won't transform into intelligence. But wisdom doesn't lie in turning success into achievement. Yeah right? Yes, the same principle applies.

36:06 So actually, Musk now... The United States has already been reminded. They said they need to get this power generation ready quickly! Because it's just this basic infrastructure. If we can't catch up with mainland China They might be caught up in the counterattack. There is also a battle for chip dominance between China and the United States. Currently in progress That is, during this period of time We often discuss H2O2 Their plan to sell to mainland China... It's being reported from Beijing now. Purchasing H200 A certain proportion of domestically produced chips must be used. And what about Nvidia? They also raised their demands. They further demanded that... What about orders from mainland China? Full prepayment is required. Goods will only be shipped after full payment is received. But what about this requirement? For companies that place orders This would be a very heavy financial burden. So what were the subsequent effects? The outside world is now observing.

36:52 How do you see it? Uh, Rose, what do you think? Uh, on the one hand Beijing requires that the H200 be sold to mainland China. You absolutely must get it. It is said that it is paired with our domestically produced chip Meanwhile, Huida also made its move. Full prepayment is required. The underlying calculations of China and the United States China wants local companies to buy more domestically produced lenses. It is understandable After all, they hope for the latest... The most crucial technology is made in China. Not buying American products Therefore, they have this requirement. Uh, this politics is understandable. But at the same time, reply There is this new condition To be completely and utterly pedantic That's understandable. Why? Because they were also afraid. Hey, will China suddenly change its policy tomorrow?

37:38 The reasons currently being proposed are: Will this prevent you from buying it? And uh uh uh Yes, I want it! If you start with assets There's also cross, right? So they are not them Their idea is... Let's do this first We paid for it ourselves. You said you wanted to buy today We'll spend money on assets first. Then you say the day after tomorrow you can't buy it. Because government policy should be in place I've already done this. Uh, yes, so it's understandable. And uh prepayment At least, although the exchange rate There is no shortage of cash. However, it's also possible to earn a lot of interest during the interim period. So this is also very clever. And what if China changes its policy? I believe I will answer then. I won't pay you back the next day. It might take a while before it's paid back. These Chinese customers who returned the money

38:24 But it must be said Because there is already a very clear voice Some US congressmen still want to pass [the bill] this year. Using legislation There are still some key restrictions. The latest lenses are exported to China So, if it really becomes a case... Will Trump use his veto power? It really is just a nickname right now. I'm just figuring out how to negotiate now. The answer was that full prepayment was required. If the mainland China side wants to discuss this... Full prepayment sure My country will support you from behind. sure But the problem is you need to give me a higher level. Is it possible? So I think Trump's idea is... I have already made many concessions I have agreed that the H200 can be sold to China. Originally, the United States had imposed restrictions.

39:09 I've already made a huge concession. I think this is his. His very fixed stance He will directly apologize to Xi Jinping. I won't be here It's impossible to achieve even higher technology in this area. What does Teacher Nie think? Because mainland China is actually quite good at negotiating. You want me to prepay the full amount today? Sure, can you offer me better terms? I just said Did he really compromise on H200? Everyone knows it's only been half a year. From H2O, computing power will immediately jump 6 times to 200. Okay, let me explain. He suddenly realized that 200 was nothing special. Because Blackwell is coming up later. The name of that mathematician Another astronomer's name yes I will talk about all six things combined together Hmm, he realized he was jumping too fast. I've told you before. After next year Black and white rupees were another recurring topic in our group's discussion. Yes, too fast Let me explain first. China is not a good place to speak Everything he does is planned and organized. Therefore, none of his things are just slogans. They are all blueprints

39:55 I talked about his planned economy Everyone knows the five-year economic report Up until now, the 15th Five-Year Plan is about to begin. Exceeding the standard every time The second one? Everyone knows this very well. Science and technology in Made in China 2025 This text was written in 2015. Explain the three steps We will take three steps, focusing on two key aspects: industrialization and financialization. 20253545 Hmm Nine tasks were pushed. 10 fields The first field New Generation Information At that time, 5G and 6G Then there's this so-called technology. Including aerospace And this semiconductor Think about it, everyone. China, of course, doesn't care. From Trump 1.0 all the way to this Biden. How badly Huawei has been suppressed Yeah, everyone knows, right? Okay, but what's Huawei's situation now? The more setbacks you face, the more courage you become, right? He even proceeded with a multi-faceted, multi-target approach. He doesn't care about his private life. Look at one of his posts in 2012. This is what the star engineer created. It's because they're trying to avoid sanctions. They set up another subsidiary.

40:40 Call it New Kailai Everyone has heard of it Yes, he went into semiconductor research and development. This was originally an information and communications company. Oh, you make this too? Did you know that Huawei has more than 22.2 million employees? More than 110,000 master's and doctoral researchers Such a high-tech company His work is not good to talk about. After thorough and meticulous planning Good R&D quality Teacher, you mentioned research and development. Huawei was also mentioned. Let's take a look at this picture. Top right TP mentioned here It is said that China has already laid out its timetable. The goal is directly set before 2027. Key AI technologies must be supplied securely and reliably. Moreover, Huawei Cloud has also been very high-profile. A forum on going global was held recently. The latest data from the EU also shows Huawei's R&D investment now ranks first in the world. What does being sixth in the standings show? This shows that mainland China is no longer a follower.

41:27 Since they are no longer chasing... Because if you want to take the lead One advantage That means you can set standards. You can also customize the specifications. But as mentioned earlier... Research and development requires a very large amount of funding. How to solve the problem of this part of the funding? Does the state provide support? Wow, you know, China really is... I think they really have guts. You can't help but admire him Yes, they lost the National Integrated Circuit Industry Investment Fund in 2014. Plan together His eyesight is very accurate. At the same time, CBDC was also developed. A digital research institute was established. Find Mu Changchun to be the director At the time, they were working on CBDC and waiting for money.