Fred Wilson: AI innovation potential is huge, blockchain technology sees explosive growth

Fred Wilson, a partner at USV (Union Square Ventures), a risk investment firm in the United States, released his outlook for 2024: the capital market is steadily rising, the Federal Reserve is maintaining interest rates, inflation is falling, and it is expected to achieve a "soft landing," which is beneficial for the innovation economy.

The field of AI has great potential for innovation, and the era of AI applications is approaching. Open-source AI models are emerging. New technologies bring legal litigation and regulatory scrutiny. AI and Web3 jointly promote a more powerful, resilient, trustworthy, and fair internet.

2024 will be the year when regulatory agencies and legislators reach agreements with Web3. Blockchain technology will experience an explosion. There will be a focus on addressing global warming issues, promoting energy transition, and building decentralized, modularized, and programmable new energy systems. Despite a healthy capital market, the risk investment ecosystem faces challenges as investors become cautious and large companies shrink in size while new companies struggle to raise funds.