Fund Manager: AI is gradually entering the explosive stage of application in the second half

Since the beginning of this year, AI is entering a virtuous cycle from computing power investment to cloud service consumption, commercial revenue, and ultimately returning to computing power reinvestment, and the rise of AI applications is the key to driving this flywheel effect. On July 31st, the executive meeting of the State Council approved the "Opinions on Deepening the Implementation of the 'Artificial Intelligence+' Action, 'proposing to deepen the implementation of the' Artificial Intelligence+'Action and vigorously promote the large-scale commercial application of artificial intelligence. Several interviewed fund managers believe that although computing power is the leading direction for the prosperity of the AI industry, starting this year, AI will enter a new stage of commercial closed loop. Many AI applications at home and abroad will accelerate their growth, driving explosive growth in token call volume. The ARR slope of core products is steepening, and AI is gradually entering the second half of the application explosion stage.