何小鹏：当前没有AI泡沫！

Group 1 - The core viewpoint of the article revolves around the competitive landscape of AI between China and the US, with a focus on the advancements in robotics and the concept of "Physical AI" as a transformative force in the industry [1][4] - He Xiaopeng, the chairman of XPeng Motors, emphasizes that the US has a higher concentration of startups in AI, particularly in SaaS and physical AI robotics, with high valuations, while Chinese companies focus more on joint and control aspects [1][2] - The upcoming XPeng Technology Day in mid-November 2023 will showcase significant applications of "Physical AI," including the second-generation VLA, Robotaxi, and new flight systems, all with clear mass production plans [1][4] Group 2 - He Xiaopeng discusses the future of AI, predicting breakthroughs in "Physical AI" over the next three years, particularly in areas like autonomous driving and humanoid robots, which may achieve significant advancements [2][3] - The article highlights that while there may be bubbles in technology sectors, the overall AI market presents substantial opportunities, with Chinese valuations being more reasonable compared to the US [3] - The concept of AGI (Artificial General Intelligence) is explored, with He Xiaopeng noting that current AI primarily relies on imitation and reinforcement learning, and true AGI will require further advancements in multi-modal learning and world modeling [3][4]