[Introduction] The worlds top institutions have hotly discussed the artificial intelligence revolution:No need to worry too much about "hype"
China Fund reporter Wu Juanjuan
October 28 to October 29, the ninth Hong Kong FinanceThe Science and Technology Week Forum was held at the Hong Kong Asia International Expo.The China Fund Bring Oriental Huili Asset Management, Fidelity International, Infini Capital brought "Artificial Intelligence Revolution: from local to global, completely changing our world (The AI Revolution, FROM LOCAL to Global, Transforming The World We Know) "Topic round table discussion.
Wang Tao Sha said that the AI application has just started, and on the premise of security and responsibility, people dont have to worry too much about "hype" about AI.Wang Taosha believes that the intuition of AI and human beings to promote expert knowledge and intuition to universalization, which can spread human wisdom more widely.Chen Mu, manager of Infini Capital Fund, said that AI has huge potential in promoting medical and health research.Although no new drugs developed by AI have been approved for listing, it is expected in the future.He said that the progress of AI would not happen overnight, and people should be patient.Julien Bernard, chief operating officer of Dongfang Huili Asset Management Greater China, said that AI improved the operating efficiency of financial institutions.It is expected that within one to two years, AI can be more perfectly integrated into daily office.
AI application development is in the early stage
Talking about AIInvestment opportunities, Wang Taosha uses stacks in information technology to analogy.She said that at the bottom is hardware and semiconductor chips.Above it is cloud computing, AI needs strong computing power.It is different applications of AI.
In the commercial world, the different layers of the stack correspond to different uncertainty.On the whole, a business -based application can promote the evolution of the entire AI cycle.In different levels of AI investment stacks, investors can find different risk return plans.The top application layer is in the early stages and has huge possibilities, and it is also the most exciting layer of investors.
Chen Mu said that people expect AI to play an important role in cure cancer or treat other diseases.In fact, the role of AI is emerging in these fields.First of all, AI can help analyze and predict the structure of protein; AI will help us understand the interaction between protein; AI will also help us understand the changes in protein structures in metabolism.Secondly, AI can improve the efficiency of target discovery.
He introduced that the 2024 Nobel Prize in Chemistry Award was awarded Demis Hassabis and John Jumper to recognize their contributions to "protein structure prediction".Demis Hassabis and John Jumper successfully used artificial intelligence technology to predict the structure of almost all known proteins.
Chen Mu explained that protein is the "infrastructure" of human life.By understanding the structure of protein, people can understand the difference between cancer cells and normal cells.The results of Demis Hassabis and John Jumper have an important impact on medical health.Chen Mu said that human beings need more data in the field of medical and health or drug discovery.Both investors and the industry are looking forward to AI to promote the evolution of medical and health.Up to now, some AI generating molecules have entered the second or third phase of clinical trials, but have not yet been approved by AI to appear.
Julien Bernard said from the operation level of financial institutions that AI can improve efficiency.The goal of Dongfang Huili is not to replace AI, but to use AI to increase efficiency by 40%by 2030.For example, he explained that in the field of compliance, the use of AI institutions can greatly improve efficiency.Compliance is one of the important tasks of financial institutions.Compliance work involves massive data, documents, and manuals.Through AI, Oriental Huili can simplify file production and modification projects.Compliance experts are still the careers. They will verify and check key steps to improve their work by AI.Secondly, AI can partially automated customer service.A business of Oriental Huili is to manage savings for end customers.When the customer sends a form to apply for an account opening, through AI, Dongfang Huili can understand customer data, analyze it, and provide feedback to the customer.The email generated by AI is sent to the customer after artificial inspection.He pointed out that with the assistance of AI, Dongfang Huili feedback customers time has been reduced from several weeks to one day.
Julien Bernard said that Dongfang Huili not only uses AI to improve its operating efficiency, but is committed to empowering other asset management companies and banks.Oriental Huili has the "Alto Investment" platform.He further pointed out that asset management companies are looking for the ability to enhance investment portfolio modeling analysis.They want to enhance risk management capabilities, enhance mode recognition and predictive analysis capabilities.To have these abilities, they must first have and maintain data.This is a high -cost task, and its security is also a problem.In addition, both retail banks, private banks, or wealth management companies focus on customer experience.They are looking for solutions that can improve customer experience.These "pain points" bring opportunities to empower other institutions for Alto Investment.
Twitching is inevitable, keep patience
Chen Mu said he pays attention to the investment trend brought by AI.The first is AI infrastructure."We need GPU. In addition, AI also needs a lot of electricity."Secondly, data storage, cold storage and hot storage have brought opportunities for investors.Finally, it is a breakthrough in software. People are still looking forward to more phenomenal applications that can improve efficiency.
Although AI has a broad opportunity, Chen Mu recognizes that people should pay attention to uncertainty.The first is whether the huge capital expenditure of cloud service providers will be suspended.Although the capital expenditure of giants such as Microsoft, Amazon, Meta, and Google has continued to grow in recent years, people are worried that in the near future, the giants capital expenditure will appear in the "vacancy period".According to reports, in the third quarter of this year, Meta is expected to report $ 11 billion in capital expenditures, which has increased significantly compared to the US $ 6.76 billion in the same period last year.
Secondly, whether there are more phenomenal applications that can improve efficiency, help productivity improvement and corporate cost savings.This also has uncertainty.Only these applications can support the huge investment of AI companies.
Wang Taosha said that for investment institutions, the role of AI is real.She gave an example how AI helps ESG investment.For example, Fidge colleagues use AI to evaluate the biodiversity of tropical rain forests.Previously, in order to evaluate the biodiversity of the tropical rain forest, researchers usually need to move around to collect data and mark the types of birds.This task is extremely difficult.However, using AI, the researchers collected the sound of tropical rain forests, and then mapped the sound to different bird sounds. The cost was lower and accurately drawn the biological diversity map.
Wang Taosha said that under the premise of safe and responsible use, she is not very worried about AI -related "hype".Indeed, many innovation will fail, which is the meaning of innovation, she said.She further pointed out that she is most looking forward to seeing how to copy AI or imitate human intuition."Human experts have so many knowledge and professional skills. It is worth looking forward to using AI. Many people tend to confront AI with humans, but I think AI can be combined with human wisdom and spread wisdom." She saidEssence
Julien Bernard said that people need to pay attention to the "standardized risk".If everyone uses AI in the same way, how to make themselves different, this is a question of thinking.He looks forward to one day AI can make demonstration documents and formats comparable to professionals, which will greatly improve efficiency.
Chen Mu said that people should pay attention to excessive generalization of the concept of "AI".In addition, people may be too optimistic about the intergenerational upgrade of AI infrastructure.On August 2nd, it was reported that Nvidia decided to postpone the latest model Blackwell chip because of design defects.He explained that twists and turns were inevitable during the evolution of AI.People need to be more pragmatic and patient.
Edit: Captain
Review: Woodfish
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