According to CoinMeta, Blackstone's President and Chief Operating Officer jongray stated at the International Financial Leaders Investment Summit in Hong Kong that in the past year, the expenditures related to the AI model of the companies invested by Blackstone have increased by 20 times. The core reason driving these companies to continue to increase their investment in AI is that applications such as content creation, customer interaction, and code writing have been implemented and have generated tangible financial benefits. He has full confidence in the AI infrastructure sector, as the underlying logic is based on fundamental supply and demand principles, and the current demand for computing power is very strong. He pointed out that during the telecommunications boom at the end of the 1990s, the industry model was to build supply first and then wait for demand to follow, but today's AI market is completely the opposite, with demand far exceeding supply, which gives him extra confidence in the development of AI.