On July 4th, the 12th Innovation Annual Meeting of the China Entrepreneurs Forum was held in Shanghai from July 3rd to 4th. In his opening speech, Li Xiaojia, the rotating chairman of the forum and founder and chairman of Micro Connect, stated that there is hardly any occasion now where artificial intelligence is not discussed. He noted that entrepreneurs are poised to be the biggest beneficiaries and drivers of AI in the future, but if they fail to adapt, they could also become its biggest victims.

What does the AI revolution bring? Li Xiaojia believes that the changes brought by the AI revolution fundamentally come down to two things. First, it has exponentially amplified the leverage of labor, management, customer acquisition capabilities, and investor sovereignty. He remarked that the time cycle for measuring wealth creation, development, products, and manufacturing in the future has been shortened to an unprecedented degree. He stated that the democratization of this capability is so extensive that it is now difficult to think of any industry that can confidently claim to still possess a defensible moat.