Kai-Fu Lee: Today is the best era of hard technology entrepreneurship, and the four major technologies are undergoing revolutionary changes

Kai-Fu Lee, Chairman and CEO of Innovation Factory and President of the Artificial Intelligence Engineering Institute.

Beijing News Shell Financial News (reporter Sun Wenxuan) On the morning of September 11, 2021, the HICOOL2021 Global Entrepreneur Summit was officially opened, and Kai-Fu Lee, chairman and CEO of The Innovation Workshop and president of the Artificial Intelligence Engineering Institute, attended and delivered a keynote speech, he believes that today is the best era of science and technology entrepreneurship, not only in the application of science and technology, but also in the real original technology.

Kai-Fu Lee stressed that this was the best era of hard technology entrepreneurship, and he used the analogy of the second industrial revolution in the 1900s, saying that the three major technologies at that time - electricity, engines, and electromagnetic waves - not only empowered three industries, but created hundreds of new industries, and the United States became the biggest beneficiary. "Today we see another opportunity as big as in the 1900s, and this opportunity may belong to China." Kai-Fu Lee pointed out that four huge technologies are undergoing revolutionary changes, including AI automation, advanced computing, life sciences and new energy. In this context, new opportunities arise, and these four sciences will influence each other.

"For example, advanced computing can make automation happen, and automated factories can produce new energy technologies, or AI algorithms can be superimposed with life sciences, and in the future we can see a number of companies that change the world and new industries, and we hope that there will be a lot of Chinese companies in it."

Kai-Fu Lee said the Innovation Factory will continue to grasp the desire to be a friend of scientists when it was founded 12 years ago. Because scientists will have great contributions to the four major fields in the future, they are the most important people to create new industries and let China seize this opportunity. But scientists, as entrepreneurs, also have some shortcomings, and the role that the innovation workshop needs to play is to make up for these shortcomings, so that they can finally understand both technology and industry, and work with the entrepreneurs of these scientists to help them walk through the "valley of death". Therefore, when the innovation workshop invests in early hard technology, it will build a "specialized and new" company with scientists through the four steps of "research, excavation, crossover, and landing".

Proofread by Zhao Lin