 'After BAT, the next super-company will emerge from the OMO (Online-Merge-Offline) area.' 'This is the latest judgment by Kai-fu Lee, founder and CEO of Innovation Works, on China's mobile Internet in the future. In 2009, Kai-Fu Lee set up an innovative workshop to manage more than 1.2 billion US dollars of the dual-currency funds to become the top investors in the field of artificial intelligence; earlier this year, Kai-fu Lee has created his own Institute of artificial intelligence and launched the AI challenger Global AI Challenge Deep into the R & D and incubation of cutting-edge projects in artificial intelligence. This year, Kai-fu Lee on artificial intelligence more in-depth.He believes that China will catch up with the United States in the AI era, the next super-company will be generated in the OMO, but entrepreneurs do not call the subversion of BAT from the outset, 'to be done A special entry point to let small groups of people fall in love with you first and then roll slowly. VC + AI is the future investment trend Looking for China Maker: Innovative Workshop What are the key areas of investment? Kai-fu Lee: Workshop at this stage focused on five areas: AI & big data, education, consumer upgrades, business services and cultural and entertainment.This is the next period of time, the factory will continue to focus on investment direction. These areas are very fertile soil for business, the market is large enough space, the future can grow unicorn company; the other hand, these areas can quickly combine with the AI, with AI strength, improve industry efficiency. Looking for China Maker: That can be understood as an innovative workshop is the hope to layout the future industry through AI? Kai-fu Lee: AI is one of our means, we used to say that the Internet +, is now AI +. AI will give various industries empowerment, short-term we will find the fastest chemical reaction in that area, such as financial AI is combined with the real economy, The areas most prone to chemical reactions are also the areas of standardization and automation of data in the business world. Education, through new technology platforms, has taken a new application across geographical boundaries and has shattered the predicament of uneven educational resources in the past. Looking for a Maker in China: How to Understand the Concept of 'VC + AI' Proposed by Innovation Workshop? Kai-fu Lee: Innovation Workshop set up the AI Engineering Institute, is currently the world's only AI Institute of the VC body. Overall, the innovation workshop hope that through the 'VC + AI' positioning, both technology investment trends, but also for the project The company has brought AI value empowerment. Unmanned convenience store the most important thing is to ensure the head, high-frequency supply Looking for a Maker in China: New retail is a hot topic this year. Innovative workshops have also invested in F5's future stores. What factors contributed to this investment? Kai-fu Lee: F5 future store as a new convenient shopping channels, a combination of a variety of mechanical and electrical technology, automated production of hot food, self-cleaning code payment, automated feedback operational data. The core is not black technology itself, but the combination of these technologies to create experience At the same time, it has greatly improved human efficiency and energy efficiency. Looking for China Maker: Unmanned convenience store project on the market, there is no "fake demand" situation? Kai-fu Lee: I think this is a matter of opinion .However, many unmanned technologies, more focused on not queuing checkout, I think this is not the biggest problem in the convenience store industry. Convenience store service interaction no matter how good, but if the customer is to eat bowl of hot noodles, you do not, it is better to provide hot food unattended convenience store, the most important thing is to ensure that the convenience of the head, the supply of high frequency Do it. Looking for China Maker: Where are the opportunities for retail entrepreneurs? Kai-fu Lee: We think there are several major new business opportunities for the future of retail: new channels, category innovation, brand iteration.For example F5 future store is a channel innovation, not because he is unmanned, but from a business perspective, the company can To meet the needs of users with higher efficiency, and to ensure a certain standard.  The next giants will be born from the field of OMO Looking for a Maker in China: Innovative Workshop Putting 'OMO Era' and What is 'OMO'? Kai-fu Lee: OMO means Online-Merge-Offline, that is, online and offline integration.China is taking an Internet technology-driven, unprecedented economic restructuring and consumption expansion, due to mobile payment, artificial intelligence technology, online And offline will be completely open my point is that the next super-company will be generated from the OMO company. Looking for China Maker: Why do we have this judgment? Kai-fu Lee: In the past, the transaction scenario is divided into two sub-lines and two lines, corresponding to the electricity supplier and the entity, which are fragmented and all have their own defects and advantages. OMO just can be two kinds of experience together, eliminating the boundaries of online and offline offline behavior is digital, online and offline traffic, experience two-way intertwined.For businesses, OMO can reduce acquisition costs and increase efficiency , Improve the efficiency of the supply chain; for users, a variety of needs can be better satisfied, enhance the experience, convenience, increased viscosity and satisfaction. Looking for a Chinese maker: What's OMO's market? Kai-fu Lee: online and offline integration of the new scene has a lot of mining space.On the Internet penetration of offline only 30%, OMO will penetrate the remaining 70% So I think BAT, the next super-company from OMO field Generated. China will overtake the United States in the field of artificial intelligence Looking for a Maker in China: What is the Developmental Stage of the Artificial Intelligence Industry in China? Kai-fu Lee: AI is essentially a tool. AI's development can be divided into four rounds. First, the Internet is intelligent, that is, AI for internet; Second, commercial intelligence; Third, the real world intelligent; Fourth, fully automated intelligent , Is driverless or robotically, from the entrepreneurial point of view, it is currently the second round with some third and fourth rounds. Innovative factory plant is more optimistic about the industry's experience of business professionals + big data experience CTO + intelligent artificial intelligence engineers' composite team, they need to have a deep understanding of national conditions and industry. Looking for China Maker: Have you ever said that 'AI will increase the gap between rich and poor'? How should they protect themselves against the 'vulnerable groups' in the AI era? Kai-Fu Lee: We need to find a comprehensive solution that includes creating new occupations, values and social norms, not just redistributing wealth. In addition, we need to retrain education to ensure that everyone can work in the right job . Looking for Chinese makers: Compared with the United States, China's AI industry competitiveness? Kai-fu Lee: China will overtake the United States in the era of AI China's AI industry has more advantages and future in terms of technology, market, product, capital and policy since China's overall thinking is to make bold attempts, rapid iteration, and problems Quick solution.  Do not just start a business and yell to subvert BAT Looking for China Maker: In your opinion young entrepreneurs will encounter what problems? Kai-fu Lee: Some college students think that as long as there is a good idea, can get the investment, coupled with attachment, passion, luck, you can succeed, but in fact, the real key to entrepreneurial success lies in the team, experience and execution. Looking for China Maker: Many entrepreneurs say they can subvert the industry, you have contact with entrepreneurs whether there are some common problems? Kai-fu Lee: I hope there are more disruptive entrepreneurs in China, but they have to have a self-awareness, industry experience to judge subversion has more technical risk, market risk, user risk, etc. When you start a business, It is almost impossible to dream of subverting BAT at the outset. Looking for China Maker: Any suggestions for entrepreneurs? Kai-fu Lee: I suggest that entrepreneurs must not do a very large thing on the first day, to be a special entry point for small groups of people first love you, and then slowly rolling. The same question and answer Looking for China Maker: What are the regrets in business in 2017, what's the gain? Kai-fu Lee: regrets rarely now more happier than before, the harvest is the OMO era. Looking for a Chinese maker: a sentence of words 2018? Kai-fu Lee: I hope the future more with friends and relatives, it makes sense than any product, are more worth the investment.
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