对话联想创投宋春雨：超级智能体到底怎么投？

Core Insights - Lenovo is positioning itself as a leader in the AI sector with the introduction of the "super intelligent agent" concept, which encompasses three core capabilities: perception and interaction, cognition and decision-making, and autonomy and evolution [2][4] - The company has invested over 1 billion RMB in more than 20 AI companies, covering various aspects from computing power to AI applications, indicating a strategic shift from a cautious approach to a more aggressive investment strategy in the AI landscape [2][14] Investment Strategy - Lenovo's investment strategy focuses on a "full-stack AI" approach, integrating investments across computing power, AI foundational layers, and application layers [14][15] - The company has invested in key players in the computing power sector, covering over 60% of China's high-performance chip companies, and has also made investments in foundational AI companies both domestically and internationally [14][15] Market Trends - The emergence of DeepSeek is seen as a pivotal moment in the AI industry, potentially shifting the market share of open-source models to 80% and closed-source models to 20% [5][6] - The next phase of AI development is expected to focus on intelligent agents, with both vertical and general intelligent agents accelerating their evolution [7][14] Competitive Landscape - The global AI model landscape is consolidating around a few key players, with major companies in the US, China, and Europe leading the charge [6][8] - The gap between China and the US in AI model algorithms is estimated to be around six months, although China's innovation capabilities in algorithms are not seen as a barrier [8][9] Future Outlook - The development of embodied intelligence is viewed as a significant evolutionary direction for AI, with expectations for its application in specific scenarios within two years [10][11] - The autonomous driving sector is anticipated to be the first area within embodied intelligence to achieve commercial success, with a convergence of technologies expected to lead to a breakthrough moment akin to the "iPhone moment" [11][12] Entrepreneurial Insights - The profile of entrepreneurs being targeted for investment is highly internationalized, with many coming from leading internet companies and top universities, emphasizing the importance of talent density and strong leadership [16][19] - The evaluation of application projects is heavily reliant on the entrepreneurial team's vision and the potential for AI to replace human labor in high-value roles [22][23]