Hong Kong, July 20, 2023 - Blue Run Ventures China (Blue Run Ventures China), one of the largest early-stage venture capital institutions in China, andInvestment Promotion Department, CyberportandGreater Bay Area Common Homes FundCooperation. Explorer Day was held in Hong Kong yesterday. The theme of the event was “AI Returns to a Singular Time, Capturing the Next Trillion Era”. Government associations, entrepreneurs, academics, etc. were invited to discuss innovative investment opportunities and challenges in artificial intelligence (AI), advanced manufacturing and other industries.
Lan Chi Venture Capital holds ExplorerDay in Hong Kong
Lanchi Venture Capital has invested in more than 150 technology startups, including Ideal Auto (02015.HK), Water Drop (WDH.US), and Qingyun Technology (688316.SH).Chen Weiguang, Managing Partner of Lanchi Venture CapitalI believe that the strongest current momentum for scientific and technological innovation is undoubtedly the AI Big Model (LLM). Lanchi Venture Capital has invested in artificial intelligence projects such as cloud computing, big data, and databases since 2012, and has successfully captured many star projects over the past ten years.
He also pointed out that Hong Kong has a unique strategic position as an international financial center and commercial hub, and that the Greater Bay Area integration strategy has further helped Hong Kong open a new chapter in the international science and innovation center. He believes this wave of technological innovation will open up new opportunities, and he expects Hong Kong to use its advantages to find a position in the new wave.
Chen Weiguang pointed out that talent, data, and algorithms are all important elements of AI development; creating an ecosystem is also essential. For example, Nvidia and Microsoft can take the lead in this wave of generative AI. The main thing is that they have built a complete ecosystem.
Chen Weiguang, managing partner of Lanchi Venture Capital, pointed out that the strongest momentum for scientific and technological innovation at the moment is undoubtedly a big AI model
Zhu Tianyu, Managing Partner of Lanchi Venture CapitalHe said that AI is definitely the theme of this year's technology venture capital. As a powerful ability, AI must be organically combined with vertical industries to produce amazing changes. Lan Chi will adhere to a consistent investment logic, pay close attention to the multi-modal model, and also pay attention to the 101 possibilities it has blossomed in various vertical industries.
Yan Diyu, Cyberport Fintech DirectorAccording to the forum, Hong Kong, as the center of Web 3, has already deeply integrated related industries with AI, and will continue to promote AI companies to land in Hong Kong in the future. He believes that Cyberport has an advantage in AI application scenarios because many enterprises within Cyberport will need to use AI transformation to cope with market competition.
Yan Diyu believes that the AI industry will bring great changes to the ecology of different industries. For example, LLM can improve the efficiency of law firms in helping companies go public. If Hong Kong's financial and legal service professionals can make good use of LLM, it will bring huge opportunities and further strengthen Hong Kong's position as an international IPO center.
Wang He, Assistant Professor, Center for Frontier Computing Research, Peking UniversityAt the conference, they shared the exploration of “physical intelligence” for general-purpose robots with the guests. He proposed that “physical intelligence” products can use 3D vision to inject generalized perception capabilities into robots, truly entering thousands of households and starting the next big era. He also pointed out that Hong Kong relies on the motherland, faces the world, and has the “geography” and “peace of mind” to grasp AI singularity. In the future, he expects Hong Kong to gather “tangible intelligence” talents and jointly build a top “physical intelligence” laboratory in Hong Kong.
Liu Wei, CEO of Baitu BiotechIn the topic sharing session, he said that after being inspired by GPT more than two years ago, the team chose to make a big model that is deeply involved in the field of biotechnology because they saw the great value that a pre-trained model can unleash in the biotech industry: creating more possibilities through the zeroshot model in the absence of task data. These may help humans find the underlying laws of life, making a breakthrough in biotechnology, a cause of human welfare.
When talking about business models,PPIO Co-Founder Yao XinI believe that LLM development is still in its early stages, so now LLM should target enterprise customers first, combine it with traditional software, and enhance LLM capabilities.