Chai Wen Sheng: AI Emphasizes Changes in Productive Forces, Web3 Highlights Changes in Production Relations

Chai Wen Sheng, chairman of CAI Holdings, distinguished the roles of AI and Web3 in terms of enhancing productive forces and changing production relations. At an event held in Hong Kong on the 29th, he stated that the essence of AI is the change in productive forces, while Web3 is closely related to changes in production relations. Chairman Chai argued that it is difficult to explain a new technological cycle solely through improvements in AI efficiency, and that changes in finance and production relations must occur simultaneously. He mentioned that humanity is transitioning from an industrial society and an information society to a 'data society', where data will become the most valuable resource. Regarding the utilization of AI by companies, he emphasized the need to create new business models after improving existing operations and organizational efficiency. Web3 is described as a technology that changes the flow of data, which, when developed, will facilitate data distribution and transcend the boundaries of platforms and regions. Chairman Chai explained AI and Web3 as separate changes and presented interpretations related to data control issues. However, no specific business plans or institutional changes were mentioned.

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