CZ: Prefers Investing in AI "Shovels" Rather Than AI Itself

BlockBeats News, May 13th, Binance founder CZ stated in a Binance Online live stream that he prefers to invest in infrastructure providing computing power for AI rather than AI itself, such as data centers and electricity. Although the chip sector is currently almost monopolized by NVIDIA, there will be more customized solutions for AI computing in the future.

Furthermore, CZ mentioned that he is also paying attention to robotics technology. He also stated that AI will drive the rapid development of biotechnology, but YZi Labs will not make large-scale investments in this direction. The core investments will continue to focus on the cryptocurrency and blockchain fields, with 70% to 80% of investments still in the Web3 sector.