{"id":985,"date":"2019-10-31T23:01:01","date_gmt":"2019-10-31T23:01:01","guid":{"rendered":"https:\/\/wiharper.com\/?p=985"},"modified":"2019-10-31T23:01:01","modified_gmt":"2019-10-31T23:01:01","slug":"wi-harper-supports-the-intel-ai-100-builders-program-in-building-an-ai-innovation-ecosystem","status":"publish","type":"post","link":"https:\/\/wiharper.com\/wi-harper-supports-the-intel-ai-100-builders-program-in-building-an-ai-innovation-ecosystem\/","title":{"rendered":"WI Harper supports the \u201cIntel AI 100 Builders Program\u201d in building an AI innovation ecosystem"},"content":{"rendered":"\n

WI Harper Group<\/a>      October 28, 2019<\/p>\n\n\n\n

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WI Harper Group attended the AI Partner Summit\nheld by Intel\u2019s AI Innovation Accelerator in Beijing.  Sean Peng, Managing Director at WI Harper\nGroup, spoke on the topic of “China’s Venture Capital Trends and Opportunities”\nand shared his venture capital experience in artificial intelligence and its\napplications, such as autonomous driving, finance, and big data. There were\nalso other leaders in artificial intelligence innovation and venture capital at\nthe summit.<\/p>\n\n\n\n

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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAt\nthe end of 2018, Intel announced its \u201cAI Builders Program\u201d whose goal is to\naccelerate innovation in the field and encourage development of AI\napplications.  With its suite of\ncomprehensive AI products, software and hardware offerings, Intel provides\nsupport to 100 teams focused on AI innovation and helps them optimize their\nproducts and solutions.  In an effort to\npromote industry integration, Intel also introduces the teams to potential\nindustrial partners, provides technology and capital, and identifies market and\nindustry opportunities.\n\n\n\n<\/p>\n\n\n\n

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Desheng Li, Managing Director of the China Corporate Strategy Office at Intel and Director of the Intel AI Innovation Accelerator, shared that: <\/p>\n\n\n

\u201cIntel is not only a technology company with innovative genes, but also a company that continuously promotes the evolution of the industry ecosystem for the better. With its own transformation, Intel is accelerating the pace of data-centric innovation in the intelligent Internet world, building a future-oriented industry ecosystem, and promoting the application and implementation of breakthrough technologies, such as artificial intelligence. We will provide a more comprehensive and in-depth acceleration for the AI innovation ecosystem by virtue of our unique technology advantages from cloud and our ability and experience of connecting upstream and downstream industries. “<\/p>\n\n\n

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Desheng, Li, Managing Director of the China Corporate Strategy Office at Intel
Director of the Intel AI Innovation Accelerator<\/figcaption><\/figure><\/div>\n\n\n\n
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Sean Peng, Managing Director at WI\nHarper Group, also spoke on the theme of “China’s Venture Capital Trends\nand Opportunities”. He shared his venture capital experience in the fields\nrelated to artificial intelligence, such as autonomous driving, finance, and big\ndata.<\/p>\n\n\n\n

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Sean Peng, Managing Director at WI Harper Group<\/figcaption><\/figure><\/div>\n\n\n\n

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Mr.\nSean Peng shared the following:<\/strong><\/p>\n\n\n\n

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| In addition to technical solutions, artificial intelligence needs applications<\/strong><\/p>\n\n\n\n

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Artificial intelligence is currently in\nits third wave, since first introduced in Dartmouth in 1956. With the development\nof neural networks, deep learning algorithms and models, and the breakthrough\nof parallel architecture computing power, artificial intelligence has entered\nour daily lives.<\/p>\n\n\n\n

For instance, weak AI is being used in mobile\nnavigation, Amazon’s Alexa \/ Echo, voice recognition, image recognition,\nsweeping robot, service robot, advertising recommendations, AI financial\nanalysts, chat robots, automatic driving, etc.<\/p>\n\n\n\n

Strong AI is still in development, with\nhopes that it will enable machines to have thinking, reasoning, creative, emotive,\ncommunicative, and logical capabilities, similar to human beings.  Given that strong AI remains in the early\nstages of research, the future is uncertain. Although the computing power of\nartificial intelligence has been greatly improved, the understanding of the human\nbrain is limited, which has constrained our AI-development.  <\/p>\n\n\n\n

One of the goals of Machine Automation\nis to handover inefficient, repetitive work to machines, thus liberating human\nlabor from menial tasks. The development\nof artificial intelligence follows the same path in seeking to automate\nrepetitive brain work and liberate human brainpower. We can put our brains to more\ncreative uses, thus enabling us to develop a better future for mankind.<\/p>\n\n\n\n

From an investment perspective, in the field of artificial intelligence, the dividends brought by technical algorithms will be gradually reduced. <\/strong>Currently, many open-source codes in the market can provide certain technical capabilities. Enterprises should consider how to apply artificial intelligence to solve actual business problems of enterprises and respond to customer needs. If you can create value for your customers, then your business will have value.<\/strong><\/p>\n\n\n\n

At the moment, artificial intelligence has been applied to all walks of life, such as financial technology, telecommunications, security, electricity, retail, education, automatic driving and so on. This wave of artificial intelligence has attracted many entrepreneurs, large enterprises and venture capital investment; its depth and breadth are unprecedented. In the future, enterprises must be Internet + Big Data + AI<\/strong> and embrace science and technology in order to be competitive over the long-term.<\/p>\n\n\n\n

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| Key areas of science and\ntechnology innovation<\/strong><\/p>\n\n\n\n

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5G<\/strong><\/p>\n\n\n\n

Compared with the 4G network, 5G provides\nhuge improvements in network speed, stability, delay, and other aspects. It is\nespecially suitable for ultra-clear video, large mobile broadband\nservices, and IoT scenarios with large scale and high delay requirements <\/strong>(e.g., automatic\ndriving, AR \/ VR, Internet of Things, Industrial Internet). The era of the Internet\nof Everything will come. 5G provides a\nnew wireless network and technology platform, and there are many potential\napplications waiting to be developed in the future.<\/p>\n\n\n\n

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Hydrogen Energy<\/strong><\/p>\n\n\n\n

Hydrogen has one of the highest energy\ndensity values per mass. Hydrogen energy is the cleanest energy with high conversion efficiency, zero-emission and no\npollution.<\/strong> China has listed the hydrogen\nindustry whose strategic development is important<\/strong> and proposed high\nsubsidies for the hydrogen industry. The future of hydrogen energy development is\nbright, but the main challenges are cost,\nstorage, and transportation.<\/strong><\/p>\n\n\n\n

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Controlled Fusion<\/strong><\/p>\n\n\n\n

Fusion\ncan produce huge amounts of energy. <\/strong>The\nsun is in a state of continuous nuclear fusion, providing energy for humans and\nall living organisms on Earth. If we can effectively control nuclear fusion and\ncontinue to generate energy supply, then our energy problem is solved. This is\nan area with a high potential for commercialization in the future. <\/p>\n\n\n\n

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Brain-Computer Interface<\/strong><\/p>\n\n\n\n

The brain-computer interface can connect\nthe human brains and machines seamlessly, which is the ultimate human-computer communication scheme<\/strong>. Because of artificial\nintelligence, we now have better analysis and understanding of complex brain\nwaves. Many EEG applications will be developed in the future. Currently, there\nare many successful cases in medicine, such as the treatment of epilepsy,\ndepression, Alzheimer’s disease, etc., which can be assisted by EEG.<\/p>\n\n\n\n

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Blockchain<\/strong><\/p>\n\n\n\n

Blockchain technology, through\ndecentralization, cannot be tampered and can be used for smart contracts that\nare transparent and anonymous for its users. The nodes collectively maintain a\nreliable shared ledger, which solves the trust problem of traditional\narchitecture. Blockchain can partially\nreconstruct traditional business architectures and social structures,<\/strong> and\nprovide many entrepreneurship and business opportunities. Blockchain technology\ncan only generate commercial value when it is commercially available, goes deep\ninto vertical fields and solves customers’ pain points. There will be a\nsignificant increase in the industry application of blockchain going forward. Once\nblockchain solutions in finance, medical and manufacturing industries are\ndeveloped, we expect that they will be implemented quickly. <\/p>\n\n\n\n

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Sustainable Development<\/strong><\/p>\n\n\n\n

Serious and complex environmental\ngovernance problems have emerged from the process of global industrialization.\nOnly global cooperation can achieve the unity\nof environmental, economic and social benefits<\/strong>, as well as the goal of\nsustainable human development. According to FTSE Russell, the current\nsustainable economy accounts for 6% of the global market, worth about US$54\ntrillion. Compared with the shrinking share of the fossil fuel market, the\nsustainable development economy is growing rapidly. By 2030, the market will\naccount for 7% of the global market value. If related industries accelerate to US$90\ntrillion, the share will reach 10%. The future investment direction includes\ngreen energy, plastic recycling, degradable materials, hydrogen energy, and controllable\nnuclear fusion, etc.<\/p>\n\n\n\n

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| Ethics of technological\ndevelopment <\/strong><\/p>\n\n\n\n

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In addition to sharing investment\nopportunities, Mr. Peng also stressed the ethical bottom line of technological\ndevelopment. The development of science and technology needs to serve the human\nsociety and create a better life. Artificial intelligence is a powerful\ntechnology, which needs to be controlled effectively in order not to harm the\nfuture of human society. We need to cultivate a culture of ethics for scientists\nin the long run, so that the development of science and technology can serve\nthe future of mankind.<\/p>\n\n\n\n

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| Suggestions for\nentrepreneurs<\/strong><\/p>\n\n\n\n

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Currently, the shortage in capital is\nnot just a crisis but an opportunity. It\u2019s very risky for fraudulent companies,\nbut the elimination of these would present an opportunity for companies with strong\nfundamentals and core technologies. As long as they can survive and accumulate\nstrength throughout this period, the remaining companies will blossom when the\nmarket warms up again in a new cycle. To this end, Mr. Peng specially summed up\nten suggestions for entrepreneurs in his speech.<\/p>\n\n\n

    \n
  1. \n
      \n
    1. Reduce unnecessary costs quickly<\/li>\n
    2. Focus on core competitiveness and postpone unprofitable products<\/li>\n
    3. Build up the core team and evolve the company around them<\/li>\n
    4. Cash is King, focus on cash flow<\/li>\n
    5. Stop burning money to capture the market and clear development plans<\/li>\n
    6. Segment customers accurately and serve the ones that can pay<\/li>\n
    7. Accelerate the pace of financing and don\u2019t get hung up on company valuation<\/li>\n
    8. Seek all possible resources while focusing on survival<\/li>\n
    9. Help partners and seek help from partners<\/li>\n
    10. CEO should be prepared for the worst but have a vision for how to become the best<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n

      Translated from: https:\/\/mp.weixin.qq.com\/s\/y3cI0_5vdQ_4l7Z-hKEFgg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      WI Harper Group      October 2 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/985"}],"collection":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/comments?post=985"}],"version-history":[{"count":0,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/985\/revisions"}],"wp:attachment":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/media?parent=985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/categories?post=985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/tags?post=985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}