五源资本

五源资本

@5ycapital

535 articles

Articles

Why Are Half of Today's Large Model Builders Studying Physics?

Why Are Half of Today's Large Model Builders Studying Physics?

From Hopfield and Hinton's Nobel Prize to Anthropic's CEO, xAI's pre-training lead, and He Kaiming's latest physical world model: the through-line of physics has persisted for four decades. This is no coincidence — it's a particular "taste" that happened to collide with the right era.

You Just Hired a Million "Bad Employees"

You Just Hired a Million "Bad Employees"

Since agents and humans fail in exactly the same ways, we'll need "agent management" as a discipline.

Four Days at ICML Seoul: Models Are Eating Everything Faster Than Anyone Can Find Their Footing | Xing Meng, 5Y Capital

Four Days at ICML Seoul: Models Are Eating Everything Faster Than Anyone Can Find Their Footing | Xing Meng, 5Y Capital

In July 2026, Xing Meng, partner at 5Y Capital, traveled to Seoul for ICML, where he engaged in deep conversations with researchers and founders on the front lines of the global AI industry. This article presents a selection of his firsthand observations after returning to China.