At the recent Shenzhen Qianhai " The Venture Capital Day Of Shenzhen" forum, Zhang Wei, Chairman of CoStone Capital，expressed optimism about the AI productivity revolution brought by ChatGPT and the emergence of new application scenarios in industries such as office, education, healthcare, and imaging. Based on it,CoStone Capital will focus on investing in companies that specialize in computing power, storage, data, and large-scale models in the future.

Zhang Wei stated that artificial intelligence has gone through three major stages of development from 2012 to the present.

The first stage, from 2012 to 2016, saw limited applications of artificial intelligence in fields such as facial recognition and license plate recognition, represented by companies like Google, META, Baidu, and Alibaba. Zhang Wei mentioned that during this period, CoStone Capital invested in companies like SenseTime, CloudWalk Technology, and Innovation Works.

The second stage, from 2017 to 2021, witnessed the expansion of AI applications into fields such as internet entertainment, smartphones, smart healthcare, and autonomous driving. In this stage, CoStone Capital invested in companies like 4Paradigm and SmartMore, according to Zhang Wei.

The third stage began in 2022, where AI disruptively revolutionizes productivity, and the birth of ChatGPT4 has the potential to reshape all industries and create new applications, represented by companies like OpenAI.

Regarding ChatGPT, Zhang Wei mentioned that its core lies in algorithms, computing power, and data, which require a mighty infrastructure for artificial intelligence. For instance, OpenAI's technological breakthrough relies on powerful Nvidia GPU chips. "There is a significant gap between China's current GPUs and those of Nvidia and AMD. Additionally, there is a noticeable disparity in storage chip technology compared to foreign companies like Samsung."

Looking ahead, Zhang Wei recommended that China should focus on investing in and supporting infrastructure companies related to algorithms, computing power, data, and more. He specifically emphasized the significance of the "three factors: proactive government, innovative capital, outstanding entrepreneurs" in areas like Shenzhen, Beijing, and Shanghai, where the government is aiming to seize the next round of AI industry leadership.

Firstly, the government should continuously upgrade and establish new-generation computing centers to meet the requirements of the new AI industry. At the same time, existing supercomputing centers should be studied to adapt to the needs of the new generation AI industry.

Secondly, the government needs to support the development of local GPU and storage chip companies, covering areas from computing power to storage.

Furthermore, the government should establish data sharing platforms.

Additionally, the government should strongly support the development of innovative capital and utilize market-based approaches to promote industry competition, ultimately selecting outstanding AI entrepreneurs.

According to Zhang Wei, the United States has constructed the Silicon Valley innovation ecosystem, which involves collaboration between companies, universities, national laboratories, independent research labs, platform service providers, public and private clients, multiple institutional entities, startup companies, and investors.

According to Zhang Wei's introduction, the United States has established the Silicon Valley innovation system in the development of the AI industry. This system involves collaborations between companies and universities, national laboratories, independent research labs and universities, platform service providers and public or private clients, multiple institutional entities and various partners, as well as cooperation between large corporations, institutions, startups, and investors.

Drawing on overseas models, Zhang Wei also mentioned that Shenzhen needs to formulate a comprehensive industrial plan by planning production lines and designing system layouts. This entails creating a blueprint to establish an overall industry planning framework. Simultaneously, Shenzhen should focus on talent introduction, identifying and recognizing entrepreneurs, and supporting the development of private enterprises. "More importantly, Shenzhen needs to invest substantial resources to strongly support the development of the AI and chip industries.