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FHE's recent trend has indeed been a bit exhausting— the entire sector is jumping up and down, while it remains steadily sideways. However, I actually think this is an interesting signal.
Thinking carefully, as AI becomes more popular, the demand for privacy computing will only become more urgent. This is not just a supplementary feature, but a genuine rigid need. From this perspective, the consolidation of FHE at this stage may well be a sign of the main players quietly laying out their plans.
Today I added some chips again, honestly just betting on this direction. Privacy computing feels like it has a good chance to become the next major narrative focus. Of course, investing always carries risks, but if you are optimistic about this direction, the current position is actually quite good.
The key is to hold on and not fall behind before dawn.