From 2013 to 2014, China's Internet underwent a remarkable cognitive transformation. With the full deployment of 4G networks, smartphone penetration surpassing 50%, and the rise of super apps like WeChat and Alipay, the underlying logic of social networking and payments was completely reshaped. In the capital market, the "Internet+" concept swept through A-shares, as countless startups capitalized on the vision of "connecting everything." The crux of this evolution lay in the Internet's transformation from an "information transmission pipeline" to a "social operating system".

Now, history is repeating itself in an even more profound manner. The emergence of DeepSeek, the maturation of embodied intelligence, and the ascendancy of the low-altitude economy signify that humanity stands at the cusp of a new technological revolution. This time, the AI network transcends mere tool status; it is a "digital life form" with self-evolution capabilities. Leveraging quantum-level computing power as its brain and the Internet of Everything as its nervous system, it will reshape industry forms, economic rules, and even civilization paradigms.

I. The Thirty-Year Cycle of the Internet and the "Three-Step Leap" of AI: Three Stages of China's Internet Evolution

1994-2010: The Infrastructure Building Era

China's Internet journey began with "take-ism," transitioning from dial-up Internet to fiber optic backbone networks and from Sina and Sohu to the BAT trio. This era marked the leap from "nothing" to "something," with the core logic centered around "connection," albeit relying on Western technological architectures (e.g., TCP/IP protocols).

2011-2020: The Mobile Internet Commercialization Boom

The widespread adoption of 4G networks gave rise to super apps like WeChat and Douyin, as capital rapidly educated the market through "burning money to acquire users." This era was characterized by "monetizing traffic," with business models diversifying from advertising-supported to e-commerce, gaming, fintech, and beyond.

2021-Present: The AI-Powered Smart IoT Era

The fusion of 5G and AI forms the backbone of the "digital twin" infrastructure, propelling smart cities, autonomous driving, industrial Internet, and other fields into a period of explosive growth. The technological logic has evolved from "connection" to "cognition," with AI increasingly making decisions on behalf of humans (e.g., AlphaFold predicting protein structures).

The "Three-Step Leap" of AI Development: Computing Power, Algorithms, Scenarios

First Leap: Computing Power Revolution (2010-2020)

The proliferation of NVIDIA GPUs reduced AI training costs by 99%, with cloud computing platforms (AWS, Azure) providing elastic computing support. The global AI computing power scale grew at an average annual rate of 40%.

Second Leap: Algorithmic Breakthroughs (2015-2022)

The Transformer architecture revolutionized the NLP field (e.g., GPT-3), diffusion models (Stable Diffusion) transformed image generation, and reinforcement learning fueled robot intelligence.

Third Leap: Scenario Implementation (2023-Present)

AI is transitioning from the lab to industry, with DeepSeek surpassing humans in code generation, Tesla's FSD achieving urban autonomous driving, and Boston Dynamics' Atlas navigating complex terrains. MoGo Auto's MogoMind AI network, analyzing real-time citywide traffic data to enhance transportation efficiency, epitomizes AI's leap from "digital twin" to "physical interaction".

II. The "Fission Effect" of AI Networks - Redefining Industry Underlying Logic

Embodied Intelligence: From "Cloud Brain" to "Edge Limbs"

Technical Essence: Binding AI from virtual space to physical entities, enabling real-time interaction with the environment through sensors and actuators.

Typical Cases:

Boston Dynamics Atlas: Capable of high-precision tasks like opening doors and carrying, accelerating commercialization.
China's "Low-Altitude Economy": EHang's EH216L initiates commercial flights, aiming for over 100,000 passenger trips by 2025.

Investment Logic: Collaborative innovation between hardware (sensors, robots) and software (motion control algorithms) will be the prime opportunity in the next three years.

AI Network: From "Information Highway" to "Digital Nervous Center"

Technological Evolution: Traditional Internet: One-way data transmission, high latency, poor fault tolerance; AI Network: Two-way data flow, with self-perception and self-decision-making capabilities (e.g., NVIDIA Spectrum-X dynamic routing technology).

Key Breakthroughs: Quantum Computing: USTC's "Jiuzhang" achieves 250 million billion operations, millions of times faster than supercomputers in specific scenarios; Photon Interconnection: Huawei's OXC optical switching chip reduces network latency to the nanosecond level.

III. Mirroring Mobile Internet: The "Golden Decade" Investment Map of AI Networks

Technological Diffusion Curve: From PCs to mobile phones (terminal migration) to IoT devices (Internet of Everything).

Capital Logic:

First Stage (2010-2015): Traffic competition (Meituan, Didi)
Second Stage (2016-2020): Ecosystem construction (WeChat Pay, mini programs)
Third Stage (2021-Present): Hard tech breakthroughs (chips, satellite Internet)

"Investment Pyramid" of AI Networks

Level Core Tracks Market Space

Infrastructure Layer: Computing Power (Chips, Photon Interconnection), Quantum Computing, Communication-Sensing-Computing ($150+ million by 2030)
Network Layer: Edge Computing, 6G, AI Security, AI Network ($100+ million by 2030)
Application Layer: Embodied Intelligence, Low-Altitude Economy, Real-time Digital Twins ($3 trillion by 2030)

"Tenfold Stock" Opportunities in the Next Three Years

Short-term (2024-2025): AI computing power rental (e.g., AWS Trainium), industrial quality inspection robots, AI digital road base stations
Medium-term (2026-2027): Autonomous driving domain controllers, satellite Internet constellations, vehicle-road-cloud AI networks
Long-term (2028-2030): Brain-computer interfaces, ethical frameworks for strong AI, AI network data interfaces

Finding "Gifts of Uncertainty" Amid Certainty

Looking back at the mobile Internet wave in 2013, companies that capitalized on the "connection dividend" (e.g., WeChat, Xiaomi) are now billion-dollar giants. Today, the "certainty" of AI networks is even clearer - they will reshape industries at an exponential rate. As AI truly comprehends the rules of the physical world, its potential energy surpasses imagination - from optimizing urban transportation to restructuring travel ecosystems, from street cleaning to delivery services, AI networks will emerge as the decade's foremost "efficiency amplifiers."

For investors, this transformation presents both an opportunity and a challenge. Only by delving deeply into the underlying technology logic, staying attuned to scenario implementation capabilities, and remaining vigilant against capital bubbles can one thrive in the "digital flood" of AI networks. Enabling AI to understand and serve the physical world is not just a technological aspiration but the pathway for humanity's evolution towards an intelligent civilization.