Thank you very much professor Chen.
Professor Chen is one of my most respected colleagues in the industry.
and I'm pleased to see that he's going to spend more time in the Greater China area.
A lot of you probably know me through Google
or my books or salivation ventures Chuang Xin Gong Chang
as our incubator for young entrepreneurs
but today actually I want to tell you what my real background
was which sometimes I omit.
I actually this is my application to graduate school.
I was an undergraduate at Columbia,
and I wanted to attend and get a PhD in computer science.
and this is what I wrote.
This is the the actual application I sent to a number of universities
that ended up going to Carnegie Mellon.
This was back in 1983
when I thought really
the final frontier will be to understand how our brain works.
and if the computer could become our brain,
be connected to our brain
we understand how the human thinking works.
This is the final frontier that we could conquer.
Little did I know that
this field would end up becoming so hot so quickly,
even though it's 30-some years later.
and that my original aspiration would become completely different.
So later I will tell you what actually happened with me and with AI.
and why we're all in in artificial intelligence in salivation ventures.
When you come and visit us in Chuang Xin Gong Chang,
there are no more incubator companies.
We do not do angel investments anymore.
So I talked about, you know, with any of my friends
how are you going to talk about how to start a new company.
I think there's a much greater thing that all of us have to understand and capture and use
because it's just like the Internet,
I think early days and Andy Grove said,
any company that doesn't understand the Internet
is going to be perished because of it
and it has everyone has to embrace it
and I think AI is something much bigger than even internet.
So something everyone has to understand
it's a great investment opportunity for us.
and there's a it's going to impact not just technology companies.
It's going to change every traditional company,
change education, change society,
change the way government's think.
So it is something so big that we are no longer doing incubation
sound of ventures we haven't changed our name.
But we are completely into artificial intelligence.
and I want to tell you why.
and also you will learn that my original aspiration turned out to be a little naive
that AI today is not at all about taking the human brain or connecting to it.
and anyone who tells you so
is perhaps overly optimistic or overly naive.
and I would proceed to explain what AI is.
So actually before I went to Apple,
I actually did a lot of work,
involving computer gaming actually developed the first program.
I wrote the code myself that be the world champion,
not Go but Othello.
and I also wrote the first speech recognition system
that could understand speaker independent continuous speech.
So that was my work
before I went and became a technology executive and the venture capitalists.
But this is these are the memories that will always stay with me.
and I think the fundamental understanding of these technologies
makes us better off
in terms of investor and the company that we do.
So really this is the history of AI.
In the 50s, people said we're going to figure out how the brain works
and then we're going to solve it in ten years,
and then all the expectations got built up,
and then of course not did not deliver,
and people said you liar and then funding stopped.
and again right after my PhD thesis,
people said, Wow, AI is gonna change the world.
it's going to be not through expert systems
but through neuro networks
and then of course it also failed to deliver.
and now we're at even a higher level of expectation than ever.