Chapter 696 University of Science and Technology

In November, Tengying Group released two major events, one was to develop the Tengfei AI search engine.

I was traveling with Du Niang.

The other is the development of Xiao Teng Online, including voice intelligent chat, search, question and answer, and a series of mass basic service items.

All these projects are based on AI algorithms, which also marks that the Tengfei AI has entered a new era.

Although it is far from profitability, it is obvious that it can indeed be able to serve the foundation of the foundation through existing AI development technology.

On November 4th, Chen Pingsheng accompanied Magu No. 1 to visit the Tengfei AI Industry Technology New Area, which has built more than 30 billion.

Can directly define a new technology area with a brand name.

It can be seen how strong this brand has, and it is definitely not a joke to invest more than 40 billion R & D AI each year.

The scientific and technological content is not comparable to those traditional industries in the past.

Whenever you know AI, you know that everything is based on chips including computing power.

The Tengfei AI model has been fully replaced by past paintings, traditional writing, and intelligent search engines.

The reason why the Tengfei mobile phone has not been released is because the integrated AI system has not been improved.

It is necessary to go online until late 2025.

However, in addition to developing a series of Internet AI intelligent software, they also developed home smart assistants, Xiao Teng online.

There are also two smart robots, one is home health robot.

It is mainly responsible for cleaning, and another is Xiao Teng One, who replaces the production of existing assembly lines.

Xiao Teng One has been developed for more than three years so far. It is expected to be released in the first half of 2025 and officially achieved mass production.

Xiao Tengyi was developed based on the existing super factory of Asians. Even after Chen Pingsheng watched this robot, he had to sigh that the most cruel era of the worker was really coming.

Xiaomeng One will fully replace the 80 % of the general assembly line workers in the super factory, which also means that the Tengfei Group will lay off at least 10,000 in 2025.

After Xiao Teng One is thoroughly stable and the factory is intelligent, it is expected that a total of nearly 100,000 people will be layoffs before 2027.

Most of the assembly lines work on smart robots.

And such a robot, except that it is scary, is high.

Single -flying robot production costs are only between 50 and 80,000.

Calculated according to the existing labor costs, the cost can be recovered in four months.

In the later period, they are free labor.

This will undoubtedly save the production cost of enterprises to a large extent.

It also means that the new energy vehicle has room for further cost decline.

And this space is still great.

Even more exaggerated, the Longteng S700 may sell more than 200,000 in the future, and there are great profits.

This is a kind of clear thunderbolt for all peers.

If he really sold the pure tram model of the solid -state battery to 200,000 levels. Except for Tesla, it would be difficult for other models to compete with him at this price.

This is once the self -developed technology develops, and it is a big blow to the manufacturing industries that include small companies including small technology content.

The most important thing is that there are not too many restrictions in this industry.

It won't sell vegetables like ah, and the celebrities are scornd by outsiders.

It was stopped directly.

Once the self -developed technology develops, its destructive power is absolutely beyond imagination.

There is no doubt that the Tengfei AI includes the Tengfei battery, the new energy vehicle, and the investment of more than 160 billion yuan. It is determined that the Tengfei AI smartphone released in the second half of 2025 has been soaring on this road.

According to statistics, the Tengfei Group has included batteries, cars, AI, mobile phones, etc. in the past five years.

A total of at least 500 trillion yuan of R & D expenses.

In the future, it will spend at least 120 billion R & D funds every year, which is now available to the unbelievable Tengfei Group.

It has been established for more than eight years, and even now, the annual summary financial report of the Tengfei Group is also a huge loss.

It is just that the Tengde era includes the independent accounting finance of Tengfei New Energy Vehicle, which has been made by two companies.

If you add all, you will still lose tens of billions of dollars every year.

Chen Pingsheng's hands had enough Nvidia, including Microsoft, and did not rush to make profits within two or three years.

What he wants has always become a global technology giant.

The elimination of manpower and replacing the Tengfei No. 1 intelligent robot is also to let the products of Tengfei Auto truly based on the world.

Besides, even if he does not eliminate, those large manufacturers abroad will also eliminate artificial artificially with science and technology.

He has invested over 10 billion in R & D centers worldwide, and so far has 28.

There are countless super factories.

Perhaps the advantage may not be obvious in the early stage, and the group operating costs are huge.

It is different now. With more and more patented technologies being developed, the Tengfei Group has completely surpassed the past Tengying Group.

He himself has now become one of the pivotal figures in the field of science and technology, and all of this is even with An An, including the two farts, has become a veritable golden gold.

After the visit, the familiar Modu No. 1 held a research conference on Tengfei Group in Modu.

Probably he wanted more people, including more media, to pay attention to this technology giant that will definitely become the leader of the country in the future.

The current Tengfei Group is not well-known outside.

The main reason is that it has always been very conservative in the direction of publicity, and has not used its Tengying Entertainment including Tengyou Media.

Another major reason is that there are too few products.

The main ones are new energy vehicles.

Although the sales volume of automobiles has become the first in China, compared with mobile phones that everyone has, its popularity has not reached the level of popularization.

Outsiders do not know that its technological content has accumulated to such an amazing level.

The time when Tengfei Group really surprises the world will definitely be the period when the Tengfei AI mobile phone is released next year.

They are not like those traditional home appliance giants, but have prepared for many years and are sure to win.

It is not to say that there is no possibility of failure, but to avoid failure as much as possible.

In order to make it a hit, they delayed the release for at least a year, and the money consumed was absolutely astronomical.

For the successful release of Longteng S700, he gave a total of 3 billion bonuses to the Longteng series R&D team.

This was all from his personal use. He is generous as a boss.

As long as the R&D is strong and the team is strong.

The money he can get here is definitely not comparable to other places.

At least all the housing problems of the top R&D teams in Shanghai have been solved by him.

In addition, this time the bonuses are distributed, with a minimum of one million and a maximum of tens of millions.

After he returned to the group, Tang Jing told him that the 24-year year-end bonus plan has been released.

Let’s not talk about the traditional sector, it will still be based on the previous standards.

His wife’s company also leaves most of the profits to employees.

This year, the cars and batteries have been listed, and he himself has made the most money this year.

If we only count this year’s investment income, it will be at least over 60 billion US dollars.

After Chen Pingsheng took a quick look at the year-end bonus plan, he secretly made a big decision.

He decided to take out another 2 billion US dollars to reward the R&D engineers of Tengde Times and Tengfei New Energy.

In addition to the R&D team, the management team will also receive another 500 million US dollars as a separate reward.

Only such R&D engineers, including top scientists, can truly reflect the usefulness of studying.

This profession is lower than graduate students and they are not even qualified to submit resumes.

Taking out 16 billion as a bonus is simply incredible in other companies.

It is normal in Tengfei Group.

His boss does not have much technology, but he is definitely the most willing to give money.

At least more than 90% of the employees of Tengfei Group are millionaires.

Those who have not become millionaires are just because they have joined for too short a time.

The current housing prices are not only in other cities, but even as strong as Shanghai, they are somewhat depressed.

Chen Pingsheng once again took out more than 10 billion US dollars and prepared to go to three other super first-tier cities to acquire land and build buildings.

He built buildings not to make a profit, but just to lower the development cost of houses.

Diluting more housing price bubbles will allow the top engineers under Tengfei Group to afford housing in first-tier cities.

No mistake, read it in the 16-9 book forum!

If people with such high education and income can't afford a house, then the steel and cement will really become a joke.

He just invested in advance, and there is no loss.

So this kind of money is not counted as family expenses.

When November was halfway through, the year-end bonus of Tengfei Group came out.

It really shocked the entire industry. What a joke. After so many years of supporting new energy in China, few companies have made more than 16 billion yuan in profits a year.

And Tengfei New Energy, including Tengde Times, the big boss alone paid more than 16 billion yuan in bonuses privately.

If you add the several big bonuses issued this year, in 2024, the bonus of the boss of Tengfei Group alone will exceed 20 billion yuan.

Who doesn't like such a boss?

Those who don't know would think how much money Tengfei New Energy Automobile makes a year and how high its profit is?

In fact, Chen Pingsheng himself made too much money. The total sales of Tengfei New Energy Vehicles in 2023 was 2.86 million units.

And in 2024, it has reached 3.12 million units.

The first in China and the eighth in the world.

This is also the first time that the domestic automobile industry has entered the top ten in the world in sales in 70 years.

Such a good result naturally led to a surge in stock prices.

Sales have indeed increased, but the profit sector is still a bit low.

The main reason is that the R&D costs remain high. In the past few years, more than 30 billion has been spent every year.

This is not the total of Tengfei, but only the R&D expenses of the automobile sector.

But even so, there is a net profit of more than 20 billion.

After so many years of losses in new energy vehicles, I finally saw money.

The profit of Tengde Times is no less than 14 billion.

He personally received 8 billion from the dividends of these two companies alone.

It is not as good as what he earned from stock market investment, but it can be a long-term stream.

More importantly, he has spent a lot of money to continuously repurchase his own Tengfei Group shares.

These sectors have the highest income.

I believe that it will not take long for Tengde Times, including Tengfei New Energy Automobile, to enter the trillion-dollar market value in China.

Then he will be the boss of two trillion-dollar companies.

In late November, Chen Pingsheng once again promoted the cashing out of 0.5% of Nvidia's shares.

With a market value of over 3 trillion, he believes that it has reached a certain level.

It is difficult to grow significantly in the future.

It is far less reliable to cash out the money now and invest in his own company.

Cashing out 16 billion US dollars again, in addition to taking out 10 billion US dollars to acquire land in the other three super first-tier cities to build Tengfei Group's high-end talent communities, the rest will be used to repurchase his own Tengfei Automobile and Tengde Times stocks in the secondary market.

In the past few years, he has made more and more money as his funds have been moved around, even to an incredible level.

After this repurchase, his shares in these two companies will be roughly around 35%.

The purpose of using money to build a building is to ensure that the R&D talents under the group can enjoy the best housing needs.

This is one of the essential benefits of a technology giant.

In addition, in late November, the Economic Research Department of the Economic Research Group and Chen Pingsheng himself believed that.

They now have the qualifications to establish their own top-notch university.

This is fundamentally different from the Tengying Management College, which has invested more than 20 billion.

Chen Pingsheng decided to take out 18 billion US dollars and acquire a piece of land of more than 2,500 acres in Jinshan.

Build Tengfei Future Science and Technology University.

The main professional technologies included are AI, automobile industry, mobile phone industry, including a series of professional disciplines such as the electronics industry.

It will only recruit top talents from the whole society.

And these people have the priority to enter Tengfei Group after graduation, and more importantly, they can get monthly study subsidies during school.

The most critical thing is that Tengfei Group needs to recruit young talents from the whole society.

In order to comprehensively improve the basic technical architecture and talent model of the group.

This will be very beneficial for Tengfei to grow into a world-class technology giant in the future.

Many companies cannot implement this idea even if they have it, because they lack the corresponding funds.

Tengfei Group is different. Chen Pingsheng can easily come up with hundreds of billions of funds.

18 billion US dollars, converted into RMB, is about 120 billion, enough to build the best university in the world.

Of course, this kind of university is in terms of hardware and software facilities.

If you want to truly become a world-class science and technology university, you must also accumulate foundation.

It is not enough to have funds alone. Fortunately, in this regard, it is backed by the entire Tengfei Group.

Sooner or later, it will be completed.

Moreover, Chen Pingsheng does not need to rely on alumni donations like other universities. He himself is enough to ensure that this university has no less than 10 billion project research and development funds every year.

In the past, I didn't dare to set up such a university because the conditions were not met.

Now it is different. Tengfei Group has been fully developed.

It has also received strong support from the entire Magic City.

He is paying out of his own pocket to contribute to the domestic science and technology field, attempting to impact the global market.

This is fundamentally different from the Internet economy.

No matter how well the Internet economy develops, it is also aimed at the domestic internal circulation.

The Internet is good, and the real economy is down again.

Only the technology industry will not have any ceiling, and any other industry needs certain restrictions.

Happy New Year.

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