Funding the Future | Navigating China's EV Success & AI Acceleration with Murong Yang

🚀 From Li Auto to AGI: What’s Next for China’s Innovation Wave?Future Capital backed Li Auto pre-product. It’s now a $30B company.It also invested in MiniMax—8 months before ChatGPT launched.These were more than bets—they were signals of where the future is headed.🔋 1. The EV Revolution: From Hardware to Embodied AIThree phases have already unfolded:Phase 1: Electrification → solid-state batteries, perovskitePhase 2: Automation → lidar, autonomous drivingNext: AI-native vehiclesThe battleground has shifted. It’s no longer hardware—it’s intelligence.🧠 2. China's “Six Tigers” (LLMs) & the Post-DeepSeek LandscapeBaichuan pivoted to verticals like healthcare01.AI’s model team got absorbed into AlibabaThe rest? Still in the AGI race—but compute + capital are massive bottlenecksThen there’s MiniMaxOnly 2–3 LLMs will survive. The rest? They’ll evolve into specialized agents.🌏 3. From ‘China for China’ to ‘China for the World’This is a new wave of builders—born local, building global.