On June 30, Dan Bin, Chairman of Dongfang Harbor, stated at the Gelonghui Mid-Year Strategy Summit: My basic judgment is that the era of artificial intelligence will have a long industrial cycle, similar to that of the internet era. ChatGPT was announced at the end of 2022, and if we refer to the historical rhythm of the internet 'ten years after announcement,' that point (around 2033) is likely to be a reference window for risk assessment. Before that, the industrial development of AI is unlikely to conclude in three to four years. However, short-term market fluctuations and localized bubbles do exist, and investors must rationally assess their situations.