Ye Tan: AI takes over from the internet as the main theme of the new cycle, industries like shipping benefit from geopolitical shifts Economist Ye Tan shared during Binance's 'Ye Tan - Under the Cycle' private session and 'Binance Lounge' programs that the turning point of the Kondratiev cycle has emerged. The internet era is nearing its end, and AI is stepping in as the new growth driver—a shift that has already begun. She pointed out that China's AI infrastructure investment has reached tens of trillions of yuan, with an annual compound growth rate exceeding 10%. If the current planning extends to 2030, wealth will continue to tilt toward AI. However, there is significant divergence within its sub-sectors, and industry growth does not necessarily guarantee investment returns. Using the shipping industry as an example, she explained the impact of geopolitical factors: disruptions in the Red Sea shipping routes have increased demand for transport capacity, extending the industry's boom cycle. Ye Tan believes traditional manufacturing is at the tail end of its downturn. Amid the transition between old and new forces, the market is experiencing extreme polarization. She advises investors to act within their means and experiment with small-scale investments.