Kai-fu Lee: Why innovation workshops are optimistic about six areas such as artificial intelligence

On November 7th, at a summit, the CEO of Innovation Workshop Li Kai gave a recurring speech and summarized the investment experience and experience of the innovation workshop.

Li Kaifu believes that in the past one or two years, the growth of mobile Internet has reached the normal state and no longer grows. It is increasingly difficult to pursue high-intermediate Internet entrepreneurship. Many companies in various fields are integrating, so entrepreneurs cannot rely on the same Eat mobile internet dividends.

In terms of investment, VCs are becoming more cautious. In 2016, the entire VC investment was only half of last year. However, some areas are still sought after by VC, such as artificial intelligence and cultural entertainment.

In addition, he pointed out: A good VC must have RMB funds and US funds in today's environment. Now that the renminbi and the US dollar are not completely compatible, entrepreneurs must decide which currency to use during the initial period.

Subsequently, he shared six areas of innovation workshops and plans for the future of innovative workshops.

The following is an excerpt from the speech:

The development trend of the six fields that the innovation workshop pays attention to:

First, artificial intelligence is the most important and growing area of ​​all fields. When artificial intelligence is in a closed field, it can subvert the various lifestyles of human beings, and it will replace the work of many people. It can be seen that artificial intelligence has surpassed human capabilities in the past five years in identifying objects. For example, when artificial intelligence recognizes that a person is more than a human being, the security work is replaced; when artificial intelligence can understand the voice, the customer service and telephone sales work is gone; when the artificial intelligence can be more intelligent, the transaction The work of the staff and investment analysts is gone. I feel that as long as I do a job that is judged to be under 5 seconds, it will basically be replaced. For example, news, journalists, artificial intelligence can not do very deep reports, but very shallow reports, such as today's stock news, price can be combined into an article, this machine has been done better than people.

The fastest use of artificial intelligence is in relatively closed, large data volumes and areas of commercial value. It can be seen that there are two industries, one is the financial sector, which can produce the greatest value. One is unmanned, and the development of driverlessness is inevitable. Under the framework of driverless and electric vehicles, the drivers of the future will basically be replaced by driverless.

Second, culture and entertainment, there are two trends in this respect: one is that entertainment variety and TV dramas have all moved to the Internet, which can attract a larger group of people, such as "Qi Yu said." The other is that the likes of young people like the post-95s and 00s after the 00s are also sought after. So many of the companies we have invested around these two priorities - whether it is a content that has been accepted by the public, whether this content can be moved to the network.

Third, online education has four important trends: The first point is that you can use the very low-cost Internet to make a guest. This is impossible in the New Oriental era. Now it can grow almost infinitely. Second, teaching is not Must be in a specific space and time, can be obtained by MOOC; Third, education has become more interesting, and can better interact with users. The box fish we cast is an example, it is very interesting, it is all kinds of fun. The video of the short film is integrated. Fourth, Internet education can be developed for individual and individual needs.

Fourth, B2B. In the B2B mode, we can find that the entire industry chain has been changed. For example, we invest in buying good cars. It is aimed at some channels, and the foreign cars pass the channel to correspond to the needs of users. Users not only buy goods through this channel, They are even willing to pay a higher fee to help some designers and brands find what they need. B2B is not only an improvement in efficiency, but also a change in the industrial chain.

Fifth, consumption upgrades. As the Chinese become more and more rich, people want to live longer and buy better things. In the process, I saw three changes: the first one is the change of the purchase channel. In the past, we may buy travel products through travel agencies and buy houses through real estate sales. Now we can buy and sell online, which is our investor. Area of ​​concern. Second, the different ways of dividing the new sales. Like in the fashion field, in the past, after buying some retail stores, you can now go to the middle of the platform to do some designer brands. Third, the online platform changes people's lifestyles. For example, today's take-away has changed the people's eating habits. Some foods have been offered by take-out, and some very good food and food are delivered to the home, and based on the central The concept of the kitchen, which can be quickly arrived, is delicious when it is delivered to the home, such as the original Maishan Hill we invested.

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