Minutes of a closed-door meeting on GPT-5: What did OpenAI, NVIDIA, Google, and top VC experts say?

Here's the English translation: After the release of GPT-5, the capital market's reaction was like a deep, still water, without a ripple. The anticipated frenzy did not arrive, with tech media reporting in a restrained and cautious manner. The AI concept stocks that were once passionate about GPT-4 chose collective silence this time. Behind this peculiar "silence", what market sentiment and industrial changes are hidden? Is the marginal effect of technological progress beginning to decrease, or have market expectations been long exhausted? When the noise subsides, where does the true investment logic lie? To clear the fog and precisely insight the real direction of the technological wave, Silicon Rabbit organized a closed-door roundtable discussion last week. We invited four top Silicon Valley experts from the world's leading AI model research institutions, computing power giants that determine AI's future, technology leaders driving AI commercialization, and top investors who understand capital trends. From their unique, irreplaceable perspectives, they painted an industry landscape drastically different from public reports. This summary will present their core "non-consensus" judgments. We believe these judgments can explain Wall Street's current calmness and provide key signposts for the next phase of secondary market investment decisions. [The rest of the translation follows the same professional and accurate approach, maintaining the original structure and tone while translating the entire text to English.]

1. Data Assetization: Transform scattered and chaotic internal data into "knowledge assets" that can be understood and utilized by AI through governance, cleaning, and leveraging tools like vector databases.
2. Process Orchestration: Digitize and modularize complex business processes to enable them to be called and driven by AI Agents.
3. Organizational Collaboration: Break down departmental barriers and establish a mechanism for business, IT, and data teams to work closely together, jointly promoting the implementation of AI projects.

These laborious, time-consuming, and lacking "sexy" narratives are the watershed for whether AI can create real business value. The market is realizing that the success of AI is 5% about the model itself and 95% about successful implementation.

03 Conclusion

The "calmness" of GPT-5 is not a sign of an AI winter, but a mark of industry maturity. It announces the end of an era driven by technological enthusiasm and AGI narrative;

At the same time, it opens a new phase - a professional era that bids farewell to the noise, returns to the essence of business, and focuses on "economic benefits", "application implementation", and "real moats".

When your team is arguing endlessly about technical routes, when your investment decisions are pending, when your product strategy is lost in the fog... remember that the confusion you face may be a journey that some expert has already crossed. We at Silicon Rabbit believe: real first-hand experience always comes from those who are driving industry transformation.

Silicon Rabbit has over 30,000 members from first-line executives, core technical experts, renowned university professors, and entrepreneurs in Silicon Valley. They not only possess deep industry experience but are also deeply involved in industrial transformation, providing vivid and credible first-hand insights.

This article is from the WeChat public account "Silicon Rabbit", authored by Silicon Rabbit, published with authorization from 36Kr.