AI pioneer Kai-Fu Lee discusses whether trillion-dollar AI valuations can be justified, the risks of circular funding, and the impact of cheaper Chinese and open-source models. The Sinovation Ventures Chairman and CEO and 01.AI CEO also explains why businesses need to reinvent themselves around AI, and why Europe's biggest opportunity may be in AI applications rather than foundation models. Lee appeared on "The Pulse with Francine Lacqua". Video Transcript 00:00 Speaker A Kai Fu Lee has been president of Google China, held senior roles at Microsoft and Apple, and is now chief executive of Sinovation Ventures and 01.AI.
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