Ai16z has steadily risen, driving the AI sector. Arc has shown a breakthrough, and many high-quality AI projects are filled with gold. Tired of going back and forth, various fast trades, funds will still come back to AI. Either AI or Meme, it is still the cyclical rhythm of this cycle, just layered with different narrative shells. Of course, it is also a process of survival of the fittest. Meme needs a strong cultural consensus/community, and AI needs to have real applications that can truly meet market needs.