元禾原点合伙人郑丁：硅谷头部公司可以给中国的AI人才比NBA球星更高的待遇

Group 1 - The 2026 Financial Annual Conference: Predictions and Strategies, along with the 2025 Global Wealth Management Forum, will be held in Beijing from December 18-20, 2025 [3][7] - Since 2024, the capital market has shown signs of recovery, driven by strong government measures to boost the market, breakthroughs by Chinese tech companies in AI, and capital outflow due to the US interest rate cut cycle [3][7] - The current integration of technology and finance faces significant challenges, particularly the insufficient tolerance of the domestic capital market for IPOs of loss-making tech companies, with only single-digit IPOs expected from 2023 to 2025, compared to a median of 100 in the US during the same period, accounting for over 50% [3][7] Group 2 - Tech companies have long R&D cycles, high capital needs, and slow commercial conversion; if financial metrics are the only IPO threshold, many cutting-edge tech firms may fail before they succeed [3][7] - In the US, 70% of core talent income in leading tech companies comes from stock market gains, creating a "talent war" effect supported by global capital; in contrast, the engineer dividend in China has not yet translated into competitive compensation for talent, especially in AI, where top talent faces high salary competition from Silicon Valley [3][7] - To gain an advantage in global talent competition, it is crucial to establish a virtuous cycle among the capital market, tech companies, and talent, especially in the current AI era, where 60% of global AI talent has received higher education in China, a notably high proportion [3][7]