In 2024, Goldman Sachs' Chief Investment Officer predicts that the era of hybrid artificial intelligence will dawn, with applications rising to prominence as a key factor. Under the constraints of foundational models, businesses will focus on building small-scale networks. 2024 will see the rise of third-party applications, forming new application and tool layers around foundational models. Emphasis will be placed on secure collaboration and risk management. Capital will flow towards the application and tool layers, propelling the continuous development of the artificial intelligence field.