At the opening main forum of the 2026 Inclusion·Bund Conference held on the morning of September 10th, Hongjiang Zhang, Investment Partner at Source Code Capital and Foreign Fellow of the U.S. National Academy of Engineering, stated that the new AI economy will transform corporate organizational structures. He believes that with the advancement of AI technology, new demands are being placed on future organizational frameworks. The core competitiveness of enterprises in the future will hinge on their ability to convert their IP, Know-how, user relationships, and product capabilities into models, and to enable those models to generate an emergence effect.

He pointed out that from a technical standpoint, AI represents the fastest-developing technological wave in human history, with intelligence tests for frontier AI models already surpassing average human levels. Meanwhile, AI's recursive self-improvement capability further enables it to create a self-sustaining loop between the physical and virtual worlds, demonstrating unprecedented acceleration. Zhang outlined a distinct evolutionary path: "The evolution of Agents: from dialogue to assistance, from passive to proactive, from individual to collective."

He argued that, in simple terms, the agent economy is a token economy, yet all tokens are not created equal in value. "The most valuable tokens equate to our generation's Maotai; users should select the Maotai of tokens, not just ordinary spirits," Zhang remarked. He added that the more noteworthy impact of AI lies in its effect on "organizational structures." In the era of the Agent Economy, enterprises must recognize the profound transformations underway. For instance, under the OPC production model, the organizational form of "one person plus multiple agents" has already enabled further downsizing of company scale. He concluded that a company's future competitive edge depends on its capacity to turn its IP, Know-how, user relationships, and product strengths into a model, and to achieve emergence through that model.