my fintech empire.

Chapter 727 [Financial report conference call]

The city of Xincheng is properly the foundation of Qunxing Capital. One of Fang Hong's goals is to build this city into a super-first-tier metropolis in the future, an ideal city for everyone to live in.

This is why Fang Hong is very concerned and actively put forward five suggestions to the new city to improve the fertility rate. In addition to the fertility rate, he will start to make suggestions for the development of the city from other aspects in the future.

If Magic City is the financial center of the country, and the capital is the political center, then in the near future, Xincheng will become the national technology center.

There are already a large number of high-tech companies stationed in the new city, and there are quite a few subsidiaries of the galaxy system alone. These companies have landed in the new city, and they are also attracting a large number of scientific and technological talents to this city to find opportunities.

……

The following day, Monday 2 November.

At around 13:20 p.m., Fang Hong was in the study on the second floor by himself, and he was participating in Quantitative Capital's financial report conference call. However, he did not say a word in the audience, and only Chen Yu knew that he was there. The other participants did not even know that the founder of Qunxing Capital was there.

An investor asked in a conference call: "What is Xiaoling's key algorithm? As far as I know, an agent like IBM's 'Deep Blue' accepts a game of complete information, but how does a game with incomplete information like League of Legends affect the design of the agent? Does Xiaoling have a 'memory' similar to human beings for previous observations?"

Chen Yu replied: "Xiaoling's algorithm model can implicitly reason about the opponent, that is, by learning the most effective behavior for the opponent, instead of trying to build a model that the opponent actually sees. It can be said that this is an easier way to deal with incomplete information."

"Furthermore, games of incomplete information don't have an absolutely optimal way of playing the game, it depends on the behavior of the opponent, which is the motivation behind the method we used in Xiao Ling's game confrontation, and why this method is important to cover all the strategic space. But this is not needed in a game like Go, where there is an extremum optimal strategy that can beat all opponents, no matter what moves the opponent makes."

Many participants in the meeting knew that the transformation of this AI model is a game in the stock market. One of the games in the stock market is a game of information asymmetry.

A professional institutional investor asked: "How much computing power is consumed by your company's artificial intelligence?"

Chen Yu answered calmly and firmly: "In order to train AI, we built a highly scalable distributed training setup. For example, this setup supports tens of thousands of agents learned in parallel instances of League of Legends. This is the reason why she can grow so quickly."

The institutional investor asked: "Some developers in the industry believe that some of Xiao Ling's failed games are due to the algorithm's limited visual processing during the game, but some people don't think this is an unconvincing explanation, because the hero character is in and out of the fog, and Xiao Ling moves back and forth on the map as a response. It definitely looks like a gap in understanding, not a limitation in mechanical operation."

Chen Yu replied: "It is difficult to explain why Xiao Ling lost or won any of the games, because her decision-making mechanism is very complicated, and it is the result of the dynamic multi-agent training process. The players who played against it played many wonderful game games. The players seem to have discovered and exploited Xiao Ling's weakness, but it is difficult to say that this weakness is due to the camera, less training time, different opponents, etc., rather than other agents."

Another participant asked: "Mr. Chen, will Xiao Ling do a more generalized test? Can it be run in other games besides League of Legends, such as Dota, Counter-Strike, World of Tanks, etc.?"

Chen Yu immediately replied: "The answer is yes. This is what our development team is working hard on. I believe there will be more extensive testing and training soon."

Fang Hong dived in the financial report conference call for a while and then silently withdrew from the conference early. The focus of the financial report conference was mainly around artificial intelligence.

Many professional investors have asked a lot about Xiao Ling, but Fang Hong believes that the reason they care about this is artificial intelligence quantitative trading. The incomplete information game trained by Xiao Ling is similar to the game in the stock market.

The reason why we care about this aspect is obviously related to the company’s quantitative trading profitability in the capital market. The more advanced the company’s AI technology means the stronger the profitability of intelligent quantitative trading. This is also related to the company’s market value estimation expectations, which in turn will affect the investment decisions of many investors.

At this moment, Fang Hong switched to the time-sharing panel of quantitative capital on the market software on the computer.

After breaking the daily limit of this stock last Friday, it also gapped and opened 3 percentage points higher today. The stock has risen +11% as early as around 10.00:[-] in the morning.

At this moment, the latest intraday stock price has reached a new high of 183.81 yuan, which is getting closer and closer to the historical high of 252, and the market value has also soared to 2569 billion yuan.

The performance of the A-share market today is also not bad. The market index closed up +0.92%, closing at 2135.42 points, reaching a new high during the year.

……

In the afternoon, stay in Jingxinju Villa, indoor heated swimming pool.

Fang Hong, who was in the swimming pool, saw the beautiful assistant coming back from get off work wearing a swimsuit, and immediately swam to the side of the swimming pool to lean against, thinking of a news item he saw an hour ago.

Fang Hong asked casually: "Today there is a hot news on the Internet related to the local area of ​​Greentown. The news said that the local budget is about 30 billion yuan to paste marble on the 20-kilometer river, and there are two real estate projects next to Huayang. Is this related to them?"

Hearing this, Tian Jiayi knew what he was talking about.

Recently, a number of bloggers broke the news on the Internet that Greentown spent more than 30 billion yuan to "paste tiles" for the river.

Many netizens who pay attention to this matter ridicule, tell me when the Great Wall tiles will be laid, so that they can get some work.

Tian Jiayi said thoughtfully: "I've heard about the news you said, but it's not clear whether this matter is related to Huayang Group, or I should call now and ask Huayu what's going on?"

Fang Hong thought for a while and shook his head: "No need, it's not a big deal. It shouldn't be Huayang who is promoting it, unless Hua Yongming didn't follow the strategic route I set for him."

……

(End of this chapter)