Yuan Bing, chairman of TCL Ventures, mentioned at the summer annual meeting of the Yabuli Forum that the moderate bubble in the early stages of the development of the AI industry was healthy in a sense; the bubble represented the level of activity in the industry. If an emerging industry lacks activity, it is an even greater hidden danger. Bubbles and calm development each have their own value in different cycles of the industry, and they need to be viewed dialectically in conjunction with the stage they are in. He pointed out that compared to similar AI companies in China and the US, the current valuation of domestic companies is still low, and there is plenty of room for imagination in the future. Although it is difficult for domestic companies to catch up with their US counterpart companies in the short term, they have the potential to improve in the long run, relying on the huge domestic industrial market and technological development base.

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