Wang Xiao, founder of Jiuhang Venture Capital: AI will still experience bubbles in the future, this is a necessary stage of development for new things.

This year's Bund Summit set up the "Venture Capital Meetup" for the first time. Wang Xiao, the founder of Jiuhe Venture Capital, accepted interviews from media such as Sina Finance at the meetup during the Bund Summit. Wang Xiao told Sina Finance that AI will still go through a bubble in the future, which is almost a necessary stage for the development of all new things. If investors focus on how much revenue a startup company has every day, it may not be conducive to the company's growth. I think that excessive bubble is too inefficient, but without any bubble, it is also difficult for technology companies to grow. Essentially, technology companies exchange their ten-year vision for current financial support, which in some sense can be considered a bubble, but I think it's actually not a bad thing.