Hexun Investment Advisor Wang Yan: The future AI application market will be a "consolidation of multiple powers"

The market for the entire application of future artificial intelligence—there’s a very good chance it will be one of coexisting powers. That is, within this single track, there could be 10, even 20 players, and everyone can still have something to eat. Why am I so optimistic? Because there’s something here called data. Yes, data. Since Jack Ma once gave a talk, he said that data is like a mine. Our ordinary coal mines, iron mines, and gold mines get smaller the more you dig them up, but this data mine gets bigger the more you use it— the more you use it, the more useful it becomes, the more valuable it becomes. But often, these data aren’t stored within just one company’s algorithm logic— including how to clean it and how to reuse it more effectively. Each company has different ways of playing, so the value created is also different. Therefore, in the future, within a certain sub-sector, it’s possible that multiple players will emerge, rather than a winner-takes-all situation—not the big player, the second-place player, and then the third-place being eliminated. So this is why I’m relatively optimistic. But this scenario hasn’t emerged yet, because there aren’t enough applications yet.

(Editor: Zhang Yan)

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