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He Xiaopeng, the Chairman of XPENG Motors, voiced his opinions on the recently much-debated topic of an AI bubble. He highlighted that every technological epoch is bound to witness phase-based or localized bubble phenomena, and the eras of the internet and new energy vehicles are prime examples. This is an unavoidable competitive process as the market transitions from disorder to order. When comparing the Chinese and U.S. markets, he is of the view that AI valuations in China are relatively rational, with a stronger emphasis on market applications. In contrast, valuations in the U.S. are loftier, placing a greater focus on cutting-edge research. On the whole, He Xiaopeng maintains that there is currently no bubble in the AI sector and that the future market is poised for tremendous growth.
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