Zhu Jia: AI is changing traditional investment logic—China is bypassing chip shortcomings to aggressively push industrial applications

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Mars Finance News, June 24 — Bain Capital Partner and China Chairman Zhu Jia pointed out that AI is fundamentally reshaping the private equity logic. Unlike in the past, when investments solely focused on financial growth, now they must also consider the "creative destruction" brought by technology. Within the same investment portfolio, some companies benefit greatly from AI, while traditional businesses face disruption. The core task for investors has shifted to how to capture new opportunities within the same cycle while helping existing assets undergo adaptive transformation. Based on this, China is charting a differentiated path. Due to restrictions on advanced chips, China cannot replicate the Western "scale computing" model, and instead relies on strong electricity and infrastructure advantages, shifting investment focus from foundational large models to deep integration with manufacturing industries. This "leveraging strengths and avoiding weaknesses" strategy makes Chinese AI more focused on practical applications in the real economy rather than just parameter competition. (Broad Perspective)
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