Hurun Hoogewerf, chairperson and chief research officer of the Hurun Report, said that Hurun Gazelle companies are very young, with an average age of only 8 years, but the average value has reached 700 million US dollars. Currently in the stage of the fourth industrial revolution, the rapid development of AI is transforming many industries. More than a quarter of Hurun Gazelle companies are already using AI to transform industries, with fintech, blockchain and SaaS being the most affected. The convergence of generative AI, machine learning, augmented and virtual reality, cloud computing, the Internet of Things and automation has created opportunities for innovative startups to lead the way in the new era. (Jin Ten)