Ye Tan Says the Internet Era Is Nearing Its End and AI Has Become a New Growth Direction

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Ye Tan: The Internet era is nearing its end; the AI era has long since begun

PANews reported on September 23 that, during the "Binance Reception Room" session of the "Ye Tan—Under the Cycle" private meeting, renowned economist Ye Tan shared her views on topics including the Kondratiev cycle, changes in China's economic structure, and the flow of wealth. She stated that if the current period is a turning point in the Kondratiev cycle, the Internet era is nearing its end, while AI has become a new growth direction, and this round of change has in fact already begun. Ye Tan noted that, against the backdrop of an overall decline in investment in China, investment in AI-related infrastructure remains at the level of tens of trillions of yuan, with an average annual compound growth rate exceeding 10%. If the relevant plans continue through 2030, social wealth and resources may continue to shift toward emerging industries such as AI. However, she also emphasized that AI itself has differences among its sub-sectors and market volatility; industry growth does not necessarily mean that related investments will be profitable. From the perspective of China's economic cycle, Ye Tan believes that China has rapidly expanded over the past more than 40 years...

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