Core Insights - Zhang Chaoyang, founder and CEO of Sohu, emphasizes the importance of viewing AI as an efficiency tool rather than a strategic core, advocating for a return to the essence of social interaction in business [2][3] - Sohu is focusing on consumer internet and social media, particularly through its "Attention Flow" product, which prioritizes human relationships over mere content consumption [8][9] Group 1: AI and Business Strategy - Zhang believes that the key to long-term business success is prioritizing cash flow and rational investment decisions, warning against the dangers of excessive debt [3] - He argues that while AI can enhance efficiency, it should not replace human thought processes, as over-reliance on AI may hinder logical thinking and understanding [5][6] - The company does not engage in large model development, distinguishing its approach from competitors heavily investing in AI [2] Group 2: Evolution of the Internet - The internet has evolved from PC to mobile, with significant changes in content consumption methods, moving from text to video and AI-generated content [4] - Zhang highlights the shift from traditional content platforms to social media, where user-generated content is becoming increasingly important [4] Group 3: Challenges and Governance in AI - Zhang identifies significant challenges posed by AI, including defamation, extortion, and privacy issues, which could lead to a proliferation of false information [7] - He suggests that legal frameworks will need to evolve to address new forms of infringement and establish clear responsibilities for platforms [7] Group 4: Sohu's Strategic Focus - Sohu is committed to enhancing its media and video social sectors, with plans to restart its strategy for acquiring American TV shows and movies to enrich its "Attention Flow" ecosystem [8][9] - The company aims to create a social graph that emphasizes real human interactions rather than just content streams, positioning itself as a "real relationship platform" [9]