AI Investors See Clearer Rules as Valuations Rise at Inclusion·Bund Summit

AI remains one of the most active areas for early-stage investment, but investors said their criteria are becoming more specific as the technology evolves and the market changes. At a Sept. 11 investor discussion at the 2026 Inclusion·Bund Summit, five investors from ZhenFund, FreesFund, BAI Capital, Granite Asia and Jiuhe Venture Capital discussed how they assess AI across infrastructure, models and applications, and how they view valuation and bubble concerns, according to Jiemian News. BAI Capital AI investment head Feng Tian said the firm is pursuing both models and infrastructure as well as applications, arguing that current model capability still largely determines product capability and that productization has not yet reached the stage to support large-scale deployment. ZhenFund investment director Zhao Fuheng said investors are still focused on frontier technology and foundation models, while CICC? Wait, no.