USV Partner: Regulators and legislators will reach consensus with Web3 industry in 2024, AI and Web3 drive a stronger Internet

USV partner Fred Wilson wrote looking forward to 2024: The capital market is rising steadily, the Federal Reserve has adjusted interest rates to the level it currently wants, and inflation has fallen, which is likely to achieve a "soft landing", which is beneficial to the innovative economy. There is great potential for innovation in the field of AI. The era of AI application is coming, and open source AI models are emerging. We will see new AI-first applications emerge in 2024 that will begin to shift focus and discussion towards the stack; we will also see legacy applications adopting AI to improve product quality and keep pace with AI-first disruptors Competitiveness. New technologies bring legal action and regulatory scrutiny. 2023 will be the year that Web3 holds its ground, 2024 will be the year that regulators and lawmakers come to terms with Web3, and U.S. regulation finally becomes clearer. AI and Web3 are two sides of the same coin. AI will help make Web3 suitable for mainstream applications, and Web3 will help people trust AI. AI and Web3 will work together to promote a stronger, more resilient, more trustworthy, and fairer Internet. Fred Wilson also said that we should focus on the issue of global warming, promote energy transition, and build a decentralized, modular and programmable new energy system. Despite healthy capital markets, the venture capital ecosystem faces challenges, with investors cautious, many large companies downsizing, and new companies struggling to raise capital.