投资人工智能耐心少不了

Core Viewpoint - The development of artificial intelligence (AI) requires patient capital that focuses on long-term investments rather than short-term gains, emphasizing the importance of stable and dedicated funding for the sector [1][3][4] Group 1: Importance of Patient Capital - Patient capital is defined as capital that prioritizes long-term returns and is less affected by short-term market fluctuations, allowing for sustained investment in technology innovation [1][3] - The Chinese government has called for increased financial and fiscal support for AI, highlighting the need for long-term, strategic capital to foster innovation [1][4] Group 2: Risks of Impatient Capital - Historical lessons from the internet bubble of the late 1990s illustrate the dangers of impatient capital, which can lead to significant market disruptions and hinder the development of emerging technologies [2] - The current AI boom risks repeating past mistakes if driven by speculative investments that prioritize quick returns over sustainable growth [2][3] Group 3: Current State of AI in China - China's AI industry has made progress in application but still requires long-term, stable investment in foundational technologies such as core algorithms and high-end chips [3] - Without patient capital, many AI technologies may struggle to transition from experimental phases to market-ready products, risking premature commercialization of immature technologies [3][4] Group 4: Future Directions - To cultivate patient capital, investment institutions must adopt a long-term perspective and create an environment conducive to sustained investment in AI [4] - A comprehensive financial service system that supports early, small, long-term investments in hard technology is essential for transforming AI from a concept into a productive force in the economy [4]