Sequoia: The wave of artificial intelligence holds a $10 trillion opportunity, and its transformative power will rival that of the Industrial Revolution.

On August 29, Sequoia Capital defined the current wave of artificial intelligence as a profound "cognitive revolution," believing that its transformative power will rival or even surpass that of the Industrial Revolution, harboring a vast business opportunity worth $10 trillion. Recently, Sequoia Capital partner Konstantine Buhler delivered a speech titled "The AI Revolution: A $10 Trillion Wave, Greater Than the Industrial Revolution." In his speech, he pointed out that the next battleground for AI is the massive service industry market. Similar to how SaaS software not only eats into traditional software market share but also greatly expands the overall market boundaries, AI will also bring about disruptive reshaping and expansion of the service industry. Likewise, AI will disruptively reshape and expand traditional service industries, such as law, accounting, and healthcare, which have historically been dominated by large partnerships, giving rise to new publicly listed companies driven by AI, and even changing the familiar S&P 500 index list. At the dawn of the "cognitive revolution," Sequoia Capital is actively seeking and investing in startups that can "specialize" general AI technology. These companies, like Rockefeller and Carnegie in their time, bear the mission of building future market leaders, refining general AI models into "cognitive assembly lines" that address specific industry pain points. In the next 12-18 months, Sequoia will focus on five investment themes: persistent memory; seamless communication protocols between AIs; AI voice; AI security throughout the entire chain; Open Source AI.