iQIYI released its fourth quarter and full year 2023 financial report data, along with the content of the iQIYI management conference call discussing strategies and new business developments for 2024, the application of generative artificial intelligence technology in the film and television industry, and iQIYI's content advantages and competitive strategies.

🤖 ChatGPT User Growth: The user growth of ChatGPT has far exceeded expectations, currently with about 100 million weekly active users. 🔋 AI Development Stage: The applications of artificial intelligence are still in the early development stage, and high experimentation and trial-and-error rates are necessary. 🔒 AI Safety Issues: As AI capabilities increase, ensuring safety becomes challenging, leading to significant risks.

The first year of generative AI has been characterized by technological tools and application exploration, and now it has entered the second stage of proving user value. The biggest issue currently is not a lack of use cases but the inability to continuously demonstrate value. In this second stage, generative AI will focus more on solving real user problems and aligning with human needs. Sequoia Capital believes that excellent generative AI companies will facilitate smoother workflows and produce better outputs. Sequoia Capital has updated the generative AI market map, shifting from a technological model to a classification by application area.