BIDU

09888

OpenAI

<p>Bill stated that the AI wave interrupted the market correction and sparked a new round of investment enthusiasm. Currently, most AI companies' revenues come from computing power resale, and the economic benefits ultimately need to be addressed. If China's intense competition leads to the emergence of four well-funded companies' open-source products, it will be incredibly powerful, with models training each other, allowing everyone to use them, which will bring a wealth of choices and experiments, something that will not happen in the United States</p>

- Bill Gurley discusses the current issues in the U.S. venture capital market, highlighting the rise of super funds and the emergence of "zombie unicorns" with questionable valuations.  
- He notes that the zero-interest-rate environment has led to excessive capital availability, stalling IPOs and mergers, while the AI boom has disrupted necessary market corrections, inflating valuations.  
- Gurley emphasizes that the competitive landscape in China could foster stronger companies, especially if major AI models are open-sourced, creating a dynamic that may not occur in the U.S.

Wallstreetcn

Baidu

BIDU-SW

CNI Shenzhen Innovation Engine

Venture

Amazon

Alphabet - C

Microsoft

Alphabet

Goldman Sachs

Apple

Proshares UltraPro Short QQQ ETF

Stripe

XIAOMI-W

Oracle

Tesla

Zillow-C

Zillow

Invesco QQQ Trust

Dell Tech

Investment tycoon Bill Gurley: The AI wave interrupts the market correction that should have occurred, and China's intense competitive environment can instead shape stronger companies