AI Investment Mirroring: Institutions scramble to investigate and debate

(Original title: AI Investment Mirroring: Institutions scramble to investigate and debate, bubble fluctuates)

Reporter Jiang Shiyi reports from Beijing

"We are looking for investment opportunities in the 'AI + Finance' project. Because the financial industry has the characteristics of complete data, rapid feedback on results, strong willingness to pay, low psychological barriers to acceptance, the application of artificial intelligence will be faster." On September 25, facing the fiery concept of artificial intelligence, a partner of a private equity investment agency in Shanghai told 21st Century Business Herald reporter.

Since it was written into the government work report in March this year, the concept of artificial intelligence has escalated. The capital market is even more provocative because of this new technology. Regardless of whether it is in the equity investment market or the securities investment market, artificial intelligence has mobilized investors' hearts and minds.

Institution-intensive research

“From the perspective of subdivision, artificial intelligence is currently developing in areas such as visual identification, which are widely used. This part is widely used, for example, in the field of security.” Xiangyang, an artificial intelligence analyst at the CCID Research Institute of the Ministry of Industry and Information Technology, told reporters in the 21st Century Business Herald.

Judging from the situation of 34 artificial intelligence concept companies in the A-share market, Hikvision (002415.SZ), which focuses on visual identity, is far ahead in the performance of this year's interim report, achieving a net profit of 3.276 billion yuan, ranking second. Donghua Software (002065.SZ) is more than 5 times. The outbreak of performance has also made many AI concept stocks favored by institutions.

Taking AI leading stock Hikangwei as an example. Interim data show that 431 funds hold Hikvision, of which the largest shareholding fund is the East Hong Ruihua Shanghai Hong Kong Deep Mixed Fund, holding 18.7959 million shares, accounting for 0.2%. Compared with 122 in the first quarter, the number of open interest funds increased by 253%. Recent institutional investor survey data show that 85 institutions investigated Hikvision during the past one and a half months from July 25th to September 8th. Institutions are concerned about issues and applications of AI products and services. Growth sustainability, etc.

According to incomplete statistics from 21st Century Business Herald reporters, since September alone, brokers such as Huarong, Huatai, and Changjiang have issued a total of 57 artificial intelligence related research reports, referring to more “AI chips” and “autopilot”. Key words. “In addition to artificial intelligence chips, there are few companies involved in this field in China, so there is still room for development.” Xiangyang admits that in early September this year, Huawei announced the latest Kirin 970 chip at the 2017 IFA Berlin International Consumer Electronics Show. This chip is equipped with the world's first mobile terminal processor with an independent NPU-specific AI chip, and announced that it will use the new machine Mate10, and this chip, after its release, has also greatly promoted the market. .

Bubble controversy

Although artificial intelligence has been very hot in investment, according to the 21st Century Business Herald reporter, there are certain differences in the investment logic of artificial intelligence for different investment institutions. “At present, the logic difference in investment in primary and secondary markets is mainly reflected in the stage of evaluating projects. For the investment in secondary markets, the certainty of alternative targets is high, and the judgment of the industry can be diluted. The emphasis is on The company itself makes judgments, so the secondary market investment is more concerned about whether the company can create a higher share in a highly deterministic market and build a moat,” said a person from a private equity agency in Beijing.

For the primary market, the above-mentioned private equity sources in Beijing stated that capital is more concerned about the company's potential for future development, namely whether it can create a new market.

"But the driving factor of this round of artificial intelligence concept is still three aspects of algorithm, calculation and data. Investor screening projects are also the three standards, so the first and second-tier investors are the same in the direction of investment." The above Beijing private equity agency People added.

Interviews with reporters found that the current preference for artificial intelligence in equity investment institutions is concentrated in the financial, medical, and transportation industries.

However, due to the current layout of many companies in the field of artificial intelligence is still in the early stages of development, there is still some uncertainty in the performance, so there are many voices in the market bluntly that the current AI investment has a "bubble" trend.

"The bubble must exist, especially for the primary market. From an investment point of view, we can only say that the bubble of artificial intelligence has no more obvious performance than other industries, because now the entire environment of the primary market and the previous market Weaknesses are different.” The aforementioned Beijing official said, “When we invest, we consider whether the bubble has reached an unacceptable level, but I don’t think it has yet.”

Xiang Yang stated frankly: "Relatively speaking, everyone may feel that there is a bubble in the expected value that is greater than output, but the bubble actually helps to promote industrial development." (Editor: Ronald)

Tablet PC Pad


A tablet computer is an electronic device that integrates mobile commerce, mobile communication and mobile entertainment, with a touch recognition LCD screen, handwriting recognition and wireless network communication functions. At present, the tablet computer has become the most popular electronic product.

1.In appearance, the tablet computer looks like a large-screen mobile phone, or more like a separate LCD screen.

2.In terms of hardware configuration, a tablet computer has all the hardware devices of a traditional computer, and has its own unique operating system, compatible with a variety of applications, and has a complete set of computer functions.

3.Tablet PC is a kind of miniaturized computer. Compared with traditional desktop computers, tablet computers are mobile and flexible. Compared with notebook computers, tablet computers are more compact and more portable.

4.Tablet PC is a digital notebook with digital ink function. In daily use, you can use the tablet computer like an ordinary notebook, take notes anytime and anywhere, and leave your own notes in electronic texts and documents.


Tablet Pc Pad,Mobile Tablet,Scratch Pad Tablet Pc,Tablet Pc,Tablets & Presentation Equipment,Educational Tablet

Jingjiang Gisen Technology Co.,Ltd , https://www.jsgisentec.com