Chapter 682 Technology and Industry

The group didn't spend much money this year.

The money that should be spent has basically been spent in the past year.

After all, in 2022, he cashed out all his Tesla shares, and it turned out that this step was quite correct.

Compared with Nvidia, Tesla's appreciation space is still much lower.

As for Google, it is a long-term stable and healthy stock, and he will not cash out until it is necessary.

Chen Pingsheng reorganized the important assets in his hands. After Tang Jing told him that the group would not recruit new students this year, many universities were also quite disappointed.

In addition, the management college built by Tengying Group with an investment of tens of billions of yuan wanted to invite him to give a speech at the beginning of this year.

The main reason is that the first three-year period of the management college is about to end, and many of the first batch of students are about to graduate. He, the founder and honorary president, has not given a public speech yet.

I always feel that I don't pay much attention to that place.

In fact, it's not like that. The main reason is that there are too many places and occasions where he wants to give a speech. If he wants, he can speak from the beginning of the year to the end of the year.

This thing is quite face-saving for many people, but it is really meaningless to him.

With his status, he can tell the truth, but he can't speak casually.

Just as he can't tell outsiders now, the domestic market environment is no longer suitable for small capital entrepreneurship.

Husband and wife partners can still barely support their families through hard work, and they live well.

But if you want to make a fortune, the hope is infinitely small.

Even the Dream Fund he established in the early days does not invest in small projects, but focuses on large enterprises or large projects.

At this time, encouraging entrepreneurship and encouraging others to endure hardships is not called inspiration, but a sucker.

Whenever there is a public speech, Mr. Ma has always been the most daring and able to speak.

Just look at where he is now and you will know that he has almost disappeared in China.

Throughout the year, there are countless economic conferences in Shanghai, including well-known lectures in universities, that want to invite him to participate, but he has refused them all.

"Boss, the planning department wants to ask if we will hold a Lantern Festival conference this year?"

"Let's do it, and it'd be better to make it lively."

Chen Pingsheng said: "I've just recovered from my illness, so it's a good thing no matter what."

Okay... Secretary Tang Jing has another big job to do.

A few days later, Chen Anan came back from Sichuan.

She brought a lot of gifts this time and told her family about the strange things she experienced during her trip.

Like super cute giant pandas, Qingcheng Mountain, Taikoo Li and so on.

Er Pi Ya was so envious that she wanted to go to Sichuan.

Time passed slowly, and it was the Lantern Festival in a blink of an eye.

Chang Fu came once during this period, and he was so angry.

He wanted to slap himself twice, because he didn't invest in Nvidia during its low period.

Hesitantly, he still chose a bunch of junk stocks, and now he is so miserable.

When the stock market is good, everyone is a stock god, but when the stock market is bad, everyone becomes a god of misfortune.

Fortunately, Chen Pingsheng has been speculating in industrial stocks for a long time, and he never speculates in the short term, only in the long term.

Over the past few years, with the surge in new energy and the popularity of the AI ​​industry, he has also made a lot of money.

On the Lantern Festival, Tengying Group held its own Lantern Festival in Jinshan.

It is not easy to be a boss these days, and you have to sing for your employees.

Chen Pingsheng pulled a few senior executives together, singing one sentence after another. As long as there are many people, they will definitely not be able to tell who is good and who is bad.

The marketing conference was very lively, and it also encouraged the group to prosper again this year.

When the Lantern Festival ended, Chen Pingsheng sent Chen Anan to school. She was already in the second semester of her senior year.

The dormitory was still the same as before with four girls. Chen Pingsheng drove a customized Passat specially for girls and ran slowly behind a group of luxury cars.

On the way, he kept telling the big fart, Anan, you must work hard.

If you don’t work hard, you can only go to Harvard to study.

The first year of high school is relatively easy, but the third year is stressful. It is not only the students themselves who are nervous, but also the countless parents who accompany them to take the exam.

Many students suffer from depression, mainly concentrated in the third year of high school.

To put it bluntly, it is because of the high pressure.

Chen Anan's ability to withstand pressure is not ordinary. Just kidding, she has been ranked third from the bottom for so many years, do you think she got it for nothing?

Everything can beat her, except grades.

If I do well in the exam, I will tell everyone with my head held high that I, Chen Anan, just didn't study before. If I want to learn, I can easily get into 985 and 211.

If I don't do well in the exam, it is not a big problem to practice a set of mantis boxing and be recommended to Tsinghua and Peking University, and enter famous schools through the special talent channel.

Why do you think the major famous schools still have so many special recruitment quotas? People just don't say it.

There is no human relationship.

Famous schools also rely on students' future grades to get rich returns. Who dares to say that the first in the class will definitely be better than the worst rich second generation in the class in the future?

You go out to work, I go out to inherit the family business, this is not on the same level.

So, where Chen Anan wants to go to college in the future depends mainly on herself. With her father's current strength, wherever she wants to go, the university there will quickly open its doors for her.

This is the influence from the father's generation.

When Chen Anan entered the school, she kept cheering and encouraging him, and she absolutely guaranteed to rely on herself.

If you really can't rely on yourself, it's not shameful to rely on your father.

Erpi Ya is relaxed. She has been bad in everything since she was a child, but her grades have always been good.

Her younger brother is more mediocre, neither good nor bad, and is also honest in class.

He neither shows off his family background nor has any special mood because of his grades.

Anyway, no matter how many points he gets in the exam, it doesn't matter if he focuses on one, as long as he can go to play with Su Xiaoxi.

After the three little ones in the family went to school, Chen Pingsheng also started to work seriously. Only when they came back, he would ask them seriously.

The days are leisurely.

He has been busy building an AI R&D center in China and buying core AI-based data models, including core data, from abroad.

Because there is no shortage of money this year, his core technology field can be said to be developing very fast.

Whether it is Tengde Times, which has been listed, or AI artificial intelligence, including Tengfei New Energy, which is seeking to go public, the advancement speed is very fast.

AI is developing an artificial intelligence chat robot.

It can interact with voice and text to help users make decisions, solve problems, and obtain information, including obtaining the most suitable shopping information.

This AI can be downloaded to mobile phones and used in new energy intelligent driving models.

At the same time, it is also developing its own chatbot, which can be placed at home to clean, take care of children, and do simple housework.

The application of AI can be said to be beyond imagination.

In the next ten years, all technology giants will anchor their entrepreneurial projects in this sector, and Chen Pingsheng himself is the same.

He even wants to develop an AI smartphone.

All of this requires huge funds to rely on, which is far from being completed in one or two years.

Chen Pingsheng began to widely promote the core applications of AI across the country. He did all this naturally to recruit more talented mathematicians, including engineers, and strong talents in the field of AI.

Not only recruiting in China, he also invested more than 30 billion in Japan, South Korea, including India, Canada, Singapore, etc., and established R&D centers around the world to recruit people to do this.

AI artificial intelligence, the earliest domestic one is not someone else, but Baidu itself. It also recruited Lu Qi in that year, and the core is to develop AI artificial intelligence.

It's a pity that this thing has too much investment, and there is no profit model in the early stage. It is completely a bottomless pit.

It is impossible to say how much money is needed to make this happen.

Moreover, Apple, Google, Nvidia, Microsoft, Tesla, etc. are all increasing their investment in this sector.

No one has the confidence to guarantee a place in the competition with these companies.

Nevertheless, no matter which global technology conference is, AI will be defined as the core technology of the future.

But no one has yet been able to explain what AI is and how to make money.

If you just don't do this, no matter how great your product is now, it may be like Apple eliminating Nokia in the future.

You didn't even react when the building was about to collapse.

Chen Pingsheng attended a total of 19 technical conferences on the future development of AI in February alone.

It can be said that most of his time is spent on this sector.

No mistake, one post, one content, one book, one bar, one 6, one 9!

The continuous advancement of AI also means the continuous progress of his own new energy.

All of this complements each other.

It can be said that few people can clearly say what the technological innovation in the field of AI will be used for in the future.

But some sectors have indeed started to make money, that is, AI digital human live broadcast.

This thing is just a small sector in AI and does not require too much technology, but it can really make money immediately.

Tengfei AI has developed a large number of digital human models for daily sales of Tengyou Media.

In the initial stage, this kind of digital human can only carry out standard sales according to the set program.

In the advanced stage, it can answer user questions and chat with users normally.

It can be said that it does not take too much time and energy to develop such a digital human model. The AI ​​technology they have accumulated now can develop countless models within a day.

If ordinary people use it to make money, it is equivalent to having a robot working for you day and night.

It can be seen that it is not too difficult to make money if you master advanced AI technology.

Tengyou Media is originally a company with them. The reason why they use this kind of digital human model to carry goods is to promote AI technology and collect more sales data.

To put it bluntly, AI is a kind of computing power. Whether it is chatting or selling goods, as long as you feed it enough data and models, it can continuously analyze and apply like a super brain, and finally come up with a powerful computing power model.

Completely replace the current general live streaming with goods, and even comparable to the strongest live streaming with goods.

So the deeper this technology develops, the more terrifying it is.

No one knows what the final result will be, but everyone is trying their best to dig deeper in this area.

Chen Pingsheng spent 50 billion yuan on AI before his death, and it was almost gone in just three months.

Of course, the AI ​​team he owns has also become the largest AI project team in the country so far.

Major AI research and development centers are spread all over the world.

He even bought back a lot of basic AI technologies and computing power models.

With his current investment, he is not comparable to Baidu, which was hesitant at the beginning.

There is no challenge in the traditional field for him. In addition to developing the best AI smart driving, his next plan is to develop an AI smartphone.

It is not a subversion to subvert the existing mobile phone market. After all, Apple and Google have been doing this for a long time.

He just has to break into the existing mobile phone market, and AI is the best opportunity.

Otherwise, with his current investment, God knows how many years it will take to get his money back.

It is not realistic to live broadcast with AI digital people who make a small profit.

In addition to automobiles, mobile phones are the largest market in the world.

If you want to quickly break into the mobile phone market, the best way is to directly acquire a mobile phone with a certain share in the world.

In this way, you can accumulate all the basic mobile phone patents needed in the early stage, including the market.

Chen Pingsheng is not in a hurry. If he is not sure about the AI ​​sector, he will not do this.

The main reason is that the competition in the mobile phone market is too big now.

The existing domestic markets have been almost divided up.

For at least ten years, there have been no new mobile phone brands, and the previous ones are still maintaining.

Huawei and Apple are in the high-end market.

Xiaomi and Honor are in the mid-to-low-end market, and OPPO and vivo are in the sinking market.

This track is very crowded.

For the time being, we should focus on the AI ​​sector and wait until we gain certain advantages or advanced technology.

In April 2023, the temperature rises.

When Chen Pingsheng puts AI artificial intelligence in the core strategic direction and invests 50 billion in it for half a year.

The listing of Tengfei New Energy is no longer a big problem. The main reason is that everyone is looking forward to it.

Speaking of car manufacturing alone, he is already the largest investor in China.

The core AI technology has invested heavily again, and it is calculated separately and independently.

This means that the financial report of the AI ​​sector will not affect Tengfei Automobile.

But its technology can bring unlimited benefits to Tengfei New Energy.

To put it bluntly, the stock market is investing in an expectation. Whether it is the solid-state battery of Tengde Times or Tengfei AI artificial intelligence, as long as one sector breaks through the core.

It can bring unlimited benefits to Tengfei Automobile.

Tengfei New Energy is listed on the Hong Kong stock market with a valuation of 400 billion.

Chen Pingsheng personally diluted his shares by 49%, and at the same time allocated 30% of the shares to those core management personnel including the R&D team.

Only these shares diluted by him personally cashed out nearly 200 billion at one time, and so much money did not balance the continuous investment of the past seven or eight years.

Of the 200 billion cashed out, 50 billion also needs to be left for Tengfei New Energy as future R&D funds.

This is also the last huge R&D fund obtained by Tengfei New Energy.

In the future, it will basically rely on itself. Whether it is the current high-end Longteng S900, or P9, U5, D6, etc., they all sell very well.

At least it is really very good in China.

Sales have always been second only to Tesla.

If the entire series is added up, sales would have long exceeded Tesla.

The sales of a single model are still not as good as Tesla's Model Y. This car is very popular in first-tier cities, especially in Jiangsu, Zhejiang and Shanghai.

After he got the 150 billion yuan, he gave 30 billion yuan to Tengfei AI.

The remaining 120 billion yuan was used to buy Microsoft during its trough period.

At its peak, Microsoft's market value reached 2.5 trillion US dollars, and its annual net profit was about 70 billion US dollars.

Due to last year's financial report not meeting expectations, net profit decreased by 12% year-on-year.

Microsoft's market value fell back to 1.65 trillion US dollars.

He spent 120 billion yuan, and he could only buy back 1% of the shares.