On September 19, Gelonhui | Alibaba Group CEO, Alibaba Cloud Intelligence Group director and CEO Wu Yongming delivered a keynote speech at the 2024 Yunqi Conference held today. He believes that in the past 22 months, the speed of AI development has exceeded any previous period in history, but we are still in the early stages of the AGI transformation. The biggest imagination of generative AI is not to create one or two new super apps on the mobile screen, but to take over the digital world and change the physical world. Wu Yongming's key points are as follows: 1. The speed of AI development has surpassed any previous period in history, but we are still in the early stages of the AGI transformation. 2. The investment threshold for advanced models in the next stage is in the range of billions to hundreds of billions of dollars. 3. The biggest imagination of generative AI is not to create one or two new super apps on the mobile screen, but to take over the digital world and change the physical world. 4. Robotics will be the next industry to undergo major transformation. In the future, all movable objects will become intelligent robots. 5. In the future, almost all software and hardware will have reasoning capabilities, and their computing cores will adopt a computing mode where GPU-based AI computing power is the main component, and traditional CPU computing is the auxiliary. 6. In the past year, Alibaba Cloud has invested in a large amount of AI computing power, but it is still far from meeting the strong demand from customers. 7. People often overestimate new technological revolutions in the short term and underestimate them in the long term, but they will grow amidst your doubts and you will miss out on major trends while hesitating.