At today's 2024 Venture Capital Decade Summit, Wu Shichun, founding partner of Plum Ventures, gave a keynote speech. He expressed that the global venture capital table is China and the United States, with the United States' main dish being AI. He predicted that Nvidia will have a dramatic valuation regression in the future. China's main dish is new quality productivity. He mentioned that competition between China and the US is an unavoidable problem for venture capitalists. He believes that the next China is still China, and time is on China's side. The United States has a first mover advantage in innovation, while China has a trailing advantage. The large model has begun to roll up the price and has entered the field familiar to Chinese entrepreneurs. Time will be on the side of China's industry. Many industries were invented by Americans, but the Chinese made them affordable.