LightSource Capital founder and CEO, and L2F LightSource Entrepreneur Fund founding partner Zheng Xuanle: Embracing the dawn of technological explosion, the early investment paradigm for AI and the future technology era | 36Kr WAVES 2026 New Wave

▤ Summary

This article captures a keynote by LightSource Capital founder and CEO Zheng Xuanle on early investing in AI and future technology. He argues that AI is still in its early growth phase and will reshape industries through faster diffusion, lower costs, and repeated waves of model-driven expansion and consolidation. He outlines LightSource’s investment logic around bottlenecks, non-linear advantages, and opportunities in AI infrastructure, AI for Science, embodied intelligence, and space-related technologies. He also describes the firm’s "Three Axes, Two Bridges" strategy and positions the L2F fund as a super-early-stage vehicle for AI and future-tech founders.

▦ Linked Companies