How has technology and market changed in the past two hundred years? The industrial revolution first started with steam engine technology, which we call the first technological revolution. The second technological revolution is the power industrial revolution, and the United States is the biggest beneficiary country. The company founded by Edison and others during the second technological revolution is still in an important position in the market. The third technological revolution is closely related to us. In fact, the third technological revolution has come to an end. Mobile Internet and smart phones are the products of the third technological revolution.
At the peak of the information revolution, the mobile Internet and smart phones were mainly represented. But in fact, since 2010, we have been affected by the high-tech revolution represented by artificial intelligence.
At present, there are not many high-tech companies and artificial intelligence companies coming to the foreground, but this technological revolution must have far-reaching impact in the future. Therefore, when I started to study technological change a few years ago, I realized a problem: the future “BAT” may no longer be Baidu, Ali, and Tencent, they will be emerging companies.
Not long ago, the Chinese stock market created a science and technology innovation board, which provided a good platform for the entire revolutionary wave of Chinese high-tech companies. But many people do not understand why it is impossible to have a good market value performance in A-shares and Hong Kong stocks. Even companies with zero turnover and negative profits are very valuable on the Science and Technology Innovation Board. This is because the future of high-tech companies is a completely different track, which is a newly opened market.
BrainCo was founded in the Harvard University Innovation Laboratory, mainly doing non-invasive brain-computer interface work. Brain-computer interface technology is a new way of interaction, which is the connection between the human brain and the machine.
Non-invasive brain-computer interface technology is currently commercially available. At the very beginning, we trained for NASA astronaut genius children in Harvard Lab, because astronauts need to stay focused for a long time in outer space. In terms of health, we have also done relevant research. In the future, we will use brain-computer interface technology to solve sleep problems.
In addition, we also have related research in the education industry. Through brain point monitoring equipment and neurofeedback training to help students improve their concentration, thereby improving academic performance. MIT Media Lab is the most famous laboratory in the world. At the end of 2019, we independently conducted a research with our products and published a paper.
It is worth mentioning that there are still many marketization problems in the entire AI industry. Artificial intelligence is currently mostly used in 2B, and 2C is rare. But in any case, high-tech takes hard core technology as a breakthrough, unlike any business model innovation. I believe that in the next 20 years, economic growth brought about by technology will be the most important driving force. Although high-tech will definitely experience a bubble bursting period, it will be the future “BAT” that can stand up again in the bubble.