my fintech empire.

Chapter 648 [Fang Hong's decision]

But at this moment, Chen Yu looked at Fang Hong and said: "Under the existing framework, Xingyu Technology's SOCL wants to break Nvidia's monopoly in the field of graphics card programming. I think it is very difficult, because the one built by Qin Feng is too general. It would be useless instead."

"Nowadays, the graphics card models of major manufacturers are complex and their performance is uneven. If you want to build a framework under this specification, you must adapt to all graphics cards. This is too troublesome. Nvidia can optimize for CUDA, but other graphics card manufacturers are in Before SOCL became dominant, there is no obligation to optimize Xingyu Technology for you, CUDA came out five or six years ago, how long did SOCL come out?"

"So, I think that the performance of SOCL under the same computing power is likely to be inferior to CUDA. It is more difficult for developers to use, and fewer people will use it over time. Companies that do not sell chips have to launch adaptations for all The way to standardize the graphics card is too difficult.”

After a while, Fang Hong said calmly, "It's not suitable for a company that doesn't sell chips, but what about a company that sells chips?"

Hearing this, Chen Yu immediately replied firmly: "It's still too late, Nvidia has not yet reached a monopoly position, and there is still a good chance to break through."

Chen Yu added: "At present, my idea is that either I develop a GPU specially used for AI training, or you can tell Qin Feng to let him split SOCL from Xingyu Technology and specialize in graphics cards, Xingyu Technology will give ecological support.”

At the end, Fang Hong sighed and seemed to be talking to himself: "After all, the most important thing is the chip, which is the foundation of everything."

Fang Hong, who has the foresight, knows that in the next ten years or so, the field of artificial intelligence will be hot. It is of course extremely important to be able to outperform his own AI model, but the underlying hardware capabilities under AI are just as critical, or even more critical. .

The design and manufacture of the entire computing chip is also more difficult.

In the end, Fang Hong already had a decision in his mind, he turned to look at Chen Yu and said, "I'll get through with Xingyu Technology, and I'll let Qin Feng spin off the SOCL department. Qunxing Capital has invested in some mainland graphics card manufacturers. Put it all back together."

Qunxing Capital is actively promoting domestic substitution of the entire semiconductor industry chain, and GPU will naturally not be absent.

But what I have to say is that this field is very involved, especially since 2000, there are so many graphics card manufacturers, and now more and more colleagues are being involved.

Qunxing Capital is rich and powerful, and the three manufacturers invested in it are still alive, but the gap with international manufacturers such as Nvidia and AMD is self-evident.

After a while, Fang Hong added with a smile: "After integrating it, put it under the banner of Quantitative Capital and leave it to you to do it. How about you go to PK with Lao Huang?"

Under normal circumstances, this kind of situation is basically impossible to achieve, and Quantitative Capital does not have this ability, but both Xingyu Technology and Quantitative Capital have a common big boss.

With Fang Hong's deployment, the resistance to integration is much smaller, and it can even be achieved easily.

At this moment, Fang Hong has already made a judgment. There is no need for the graphics card manufacturers invested by Qunxing Capital to "raise Gu", and they will integrate to build one, and let Chen Yu do it.

He can see so clearly and has a strong technical foundation. If he can't handle Lao Huang's Nvidia, don't expect too much from the other manufacturers.

So simply concentrate funds and teams, and bet on Chen Yu in this segmented field. Although he is now engaged in investment transactions, it seems that he has nothing to do with high-tech companies, but the team under him can It is a talent that major technology companies are rushing for.

Fang Hong also has this courage, and he should make a decisive bet at the critical moment.

Thousands of troops are easy to get, but one general is hard to find.

Chen Yu was also quite surprised to hear his decision, and after a little thought, he simply nodded: "Okay."

Simple one word answer.

This matter is so settled, Qin Feng went to talk to him in the afternoon.

After a while, Fang Hong asked, "Is the annual report out yet?"

Chen Yu shook his head: "Not yet, but last year's annual revenue of 75 billion is not a big problem, and the net profit of 10 billion should be there. The cost of running the model is too high, especially the cost of computing power, otherwise 45% of the net profit There is definitely a rate.”

Fang Hong has a general understanding of the situation of quantitative capital. The main income is investment income, and about 40% of the company's income in the capital market is distributed to the underlying team.

The key trading members of Chen Yu's team have worked with him for two years, and they are now worth tens of millions. It is an extremely critical reason why they can gather so many top talents and look down on the recruitment of those big technology companies. It's just that Chen Yu gave too much.

For example, if a fund earns 5 million, the team that makes this plate can get 2 million, and if it earns 10 billion, it can get 4 million. The more you earn, the more points you get.

The largest operating expense of Quantitative Capital is to pay employees, which is why Chen Yu has such a super elite team. The company's second largest expenditure item is the research and development of iteratively upgraded AI models. Last year, the investment exceeded 25 billion, and it is still soaring on a large scale .

After a while, Fang Hong said: "SOCL is integrated into your company, and the future research and development investment must be tens of billions. If the funds are not enough, I don't care. How much I need, Qunxing will manage enough for you."

Chen Yu replied with a smile: "It should not be necessary. The company's own profitability covers the required R&D investment. Last year we earned 75 billion, but at the beginning of this year the company adopted a brand new model for transactions. The winning rate has reached more than 70%, and there are currently 16 funds in operation, 11 strategic mainland markets, and 5 strategic overseas markets.”

Chen Yu continued: "In the overseas market so far, the strategically long Bitcoin fund has earned at least 5.5 million U.S. dollars, and the other 4 stocks have made a total of 13 billion U.S. dollars, and the sum here is 117 billion yuan, excluding exchange rate changes. The 11 funds in China are currently making a profit of 89 billion. It is only the beginning of April, and it is not a big problem to make a profit of 4 billion in the first half of this year."

Hearing that Quantitative Capital has funds to invest in Bitcoin, Fang Hong thought for a moment and said: "Bitcoin will be open when it sees around $230 next week."

Hearing this, Chen Yu couldn't help being taken aback for a moment, then nodded in response: "Understood."

Hearing what the big boss said, he immediately thought that the largest trading platform in the encrypted digital currency market is currently in the hands of Qunxing Capital, it should be said that it is in the hands of Merrill Lynch, but the management right is in the hands of Qunxing Capital.

The price of Bitcoin soared to over $[-] the year before last, Qunxing Capital backhanded Merrill Lynch, and then bought the Mt.Gox trading platform and then transferred it to Merrill Lynch.

So, the big boss let you open at this time, this is the inside news.

It is worth mentioning that after the current price of Bitcoin has exploded to $2 before, it was running at the bottom in 2012, and the price did not exceed $10. However, after entering 2013, the price of Bitcoin broke through the $10 price all the way. The price has soared, and the price has risen to $140 each.

Since the beginning of this year, the price of Bitcoin has been strengthened due to two factors. One is the halving of Bitcoin mining output for the first time in November last year, and the other is the outbreak of the debt crisis in Cyprus in January this year.

Qunxing Capital and Merrill Lynch took the opportunity to promote it, instilling labels such as "decentralization" and a constant total amount in the market.

It is true that Merrill Lynch and Qunxing hate each other, but it is also true that they work together. Merrill Lynch has no choice but to influence Wall Street's grand strategy of "targeted explosion" of Qunxing Capital.

It's just that this year, I never expected that Qunxing Capital would come first with a "directed blasting", which caused Wall Street to lose 300 billion U.S. dollars, which is still a bit painful.

But based on your stars winning 99 times and Wall Street winning, as long as I win the 100th time, I will win them all back.

Still choose to continue to endure.

At this moment, taking advantage of the halving of Bitcoin production and the debt crisis in Europe, the encrypted digital currency is blowing up.

……

(End of this chapter)