Germany-U.S.-China Intelligence Vision Forum, sub-forum under the Global New Economy Conference 2019, opened in Shanghai on June 12, 2019. The Forum is organized by EqualOcean and co-organized by Darden School of Business, University of Virginia. Global media partners of the Forum are Business Insider and Gründerszene with support from Axel Springer SE.
Academicians, investors, entrepreneurs and financial industry veterans have been invited to be the guests of The Event, and they discussed the latest paradigm changes in the "New Global Economy," that is shaped by the disruptive technologies; led by the companies from China, Germany, and the US.
Zhang Fan, EqualOcean Co-founder, initiated the conference introducing EqualOcean's views, citizenship, and vision. He presented three concepts to provide the guests with an understanding of the New Normal in China's business atmosphere: 996, STAR(Sci-Tech innovAtion boaRd), and 5G. Meanwhile, he emphasized the future cooperations with EqualOcean's global partners.
Scott Beardsley, Dean of Darden School of Business at the University of Virginia, enlightened the audience with intriguing insights on the Industry Intelligence in the US. Thanks to his 26 years experience in McKinsey, he was particularly interested in the industrial value creation process, and he stated that the innovation and human performance would be the main catalyzer in the industrial value creation process, globally.
Fiona Hui Hui, head of the Asia Pacific and Southeast Asia at Axel Springer, delivered her speech on the Industry Intelligence in Germany and quoted "We're the European answer to Jinritoutiao," which is the news media product of Bytedance. Indeed, she focused on Axel Springer's initiatives to transform to an AI-driven media group which is the core technology and unique value of Jinritoutiao, as well.
Zhu Jintong, director of Enterprise Data Intelligence Products at Alibaba Cloud, provided the audience with a deep understanding of the Industry Intelligence of China. He quoted that they focus on the data collection and the ecosystem. He thinks China is the best country to develop an AI-driven cloud, thanks to the gigantic data pool in China. "We have 600 million people to process their data and learn from them, creating a smarter process of machine learning," he quoted.
Justin Gong, Co-founder of XAG, took the stage to introduce XAG's breathtaking agricultural drones. He started off emphasizing the potential productivity jump in agriculture via drones and carried on his speech unveiling the global footprint of XAG's operations. Justin, as an engineer and entrepreneur, foreseen that within the medium-term data-backed agricultural decision will be the core approach in agriculture.
Afterwards, a panel discussion conducted with the theme "From Fiction to Reality - Global Ambitions on Artificial Intelligence" moderated by Shi Lan, founder and CEO of YCITY. The panel presented the investors' opinion on data and AI-driven business models.
David Weild, Weild&Co. president and chairman and former VC at NASDAQ, emphasized on the growing influence of AI-driven business models on NASDAQ and stated that his major investment decision criteria is "the vision of the company" for the nascent stage AI companies.
Gao Tianyao, the partner of Legend Star, unveiled how Lenovo approaches investment as a Corporate Venture Capital.
Yang Guang, Yaotu Capital co-founder, expressed an optimistic approach in his AI and data-driven portfolio; stating "even if there is a bubble, it is a good opportunity to invest."
Chen Shi, PE fund manager, expressed his doubtful and careful approach towards AI-driven business models.
Following the panel discussion, Christian Piechnick, founder and CEO of Wandelbots, presented how his company teaches robots to produce manufactured goods on a more sophisticated production line. Wandelbots feeds its robots with massive and clean data so that their robots can produce with a faster, cheaper and higher in quality.
Jonas Wolf introduced his business hacks for foreign startups in China. He represents a global accelerator, AngelHack, and he is the director of APAC and South East Asia.
The second genuinely sophisticated panel discussion moderated by the co-founder of EqualOcean. For this particular panel, it is aimed at introducing very diversified opinions from varied experts. The theme of the panel was "Better Place - The Vision of Industry Intelligence."
Professor Finn Kydland, Nobel Laureate Economist, reflected his opinions stating "The only driving force for the long-run real economic growth is innovation and technological upgrade."
Thilo Kucher, founder and CEO of PIXOMONDO, revealed his insights on how his company uses AI-driven solutions in order to upgrade the standards in the entertainment industry.
Ma Chen, Director of the Strategy Department at Momenta, stated that the driving experience brought by autonomous driving can improve comfort, safety, efficiency and save time, but it is a gradual transformation process. "Momenta is now perfectionating its L3 level experience," he stated.
Christian Böllhoff, Prognos CEO, pointed out that China and the United States will remain as the major driving forces for global economic growth. Secondly, he thinks, the United States is highly dependent on imports, so it is vulnerable to the risk of price fluctuations in imports. Finally, Böllhoff predicted that by 2020, trade frictions will deteriorate the GDP by 0.8% in the United States and less than 0.1% in China.
With the "Intelligent Manufacturing" theme, the event invited outstanding scholars, entrepreneurs and investors to discuss the profound proposition of AI and its industrial applications.
Yet again, EqualOcean has proven its globalization ambition, connecting Chinese intellectual and innovative capacity to the world.