Reborn: Billionaire in College

Chapter 417 Wall Street Capital Wants to Get a Piece of the Pie

It’s an interesting time in tech right now.

Chen Pingjiang seems to have become an evangelist, not only has he gained believers from all over the world, but also a group of companies following his example.

You do this and I do that.

Alibaba is working on intelligent voice, Xiaomi is doing both and is obsessed with drones, while Baidu plans to focus on voice interaction and driverless cars.

“How to solve the cash-out problem?”

"Since driverless cars can be developed, it is naturally a tob business, and the customers are domestic and foreign car companies." Li Yanhong thought for a while and continued, "In addition, the end of driverless cars must be taxis, which Chen Pingjiang also said. The advantages are that they are available 24 hours a day, the price is low, speeding and running red lights are almost impossible, and serious traffic accidents can be eliminated to the greatest extent. Big data models can even be used to analyze which areas have the most taxi calls during rush hour and allocate transportation capacity in advance."

At this point, Robin Li smiled and said: "As for whether it will replace taxi drivers, that is not our concern. Anyway, Chen Pingjiang is in charge, so he will be the one to be blamed. China is large enough to accommodate two driverless taxi companies. In this regard, we have an advantage over other companies when combined with Baidu Maps."

In recent days, discussions about driverless cars within Baidu have become increasingly heated.

A senior vice president in charge of technology who has done his homework also said: "Autonomous driving needs to start with assisted driving, which cannot be separated from humans at the beginning. With the continuous development of artificial intelligence technology, especially the development of large-scale model technology. According to our department's analysis, even Chen Pingjiang is still driven by rules. Programmers write various rules with lines of code. Once the rules are not adapted, autonomous driving will encounter problems, so the programmer's daily task is to modify the code."

"But in the later stage, based on the learning based on the big model and driven by data training, there is no need to change the program much. You only need to find good driving cases and bad driving cases to do good and bad data training. The big model can draw inferences from one example through training and obtain a generalized intelligent ability, which can return the real driving habits to the big model. Once the big model is successfully trained, it can be deployed in every taxi. I think Jiuzhou Auto will also take this route."

"In view of this, the birth of the big model will bring a huge boost to embodied intelligence, that is, human-mind robots and driverless cars. We can extend this to the future. If driverless cars may first subvert traditional taxis and then online ride-hailing cars, then in the future it may also be a subversive dimensionality reduction blow to couriers. In the future, there may be no need for couriers to deliver goods, and various driverless delivery vehicles will run around on the road. In the future, driverless cars will automatically call users downstairs and invite them to pick up food downstairs. When waiting for the elevator in a building, it may not be just humans waiting for the elevator, but it may be crowded with various food delivery robots. So it is true that the big model has enabled humans to pass a technological base point. After passing this base point, various technologies will advance by leaps and bounds like the biological explosion in the pre-Qi Dynasty. It is possible that humans will usher in the era of general artificial intelligence, which is indeed getting closer and closer to us."

These words opened up many people's minds and left many people stunned. They listened to the described scene and fell into deep thought.

Li Yanhong nodded with great satisfaction: "Old Sun is right. We have the conditions to enter this industry. Chen Pingjiang can do it big while we can do it small."

No one questioned what Li Yanhong said.

As a latecomer, Baidu is not even a little bit worse than Jiuzhou Auto. Subconsciously, everyone has accepted being second.

Besides, there is nothing wrong with being the second place forever. Other companies can’t get in even if they want to.

If Chen Pingjiang were present, he would also applaud the Baidu vice president of technology.

It turns out that talents are not necessarily in the hands of Chen Pingjiang alone, and there are heroes everywhere in the world.

It is no wonder that Baidu will be able to occupy a place in the driverless car industry in the future.

The AI ​​strategy conference will bring more changes to society than just this.

On the Didi side, Cheng Wei was dumbfounded.

I originally thought that online ride-hailing would be the end, but I didn’t expect that driverless taxis would be the focus.

Compared with driverless cars, online ride-hailing services are simply a dimensionality reduction blow.

Not to mention the cost, the safety is also far inferior.

"We need to make plans if we want to develop, but it's still too early for us to take over the online car-hailing market!" Cheng Wei shook his head and smiled bitterly. Even so, you still have to do driverless driving.

Even if you are not looking to the future, you should still get involved even if your purpose is to tell a story to investors.

Otherwise, investors only need a few questions to destroy Didi’s story.

"What do you think of driverless cars? What plans and efforts have you made? What results have you achieved so far?"

Once Cheng Wei says no, it’s game over.

If you don't catch up at the beginning, are you waiting to be overthrown?
Wang Gang sighed and frowned, "Those are things that Orange Baidu can afford. We don't have the people and money. The entire technical team has only more than 50 people. How can we possibly play with driverless cars? Instead of developing it ourselves, it's better to cooperate with other companies."

"?" Cheng Wei was confused. "Currently, only Jiuzhou Auto and Baidu are working on it. We don't know when Baidu will produce results. Should we go find Chen Pingjiang? Don't forget that he is the boss of AutoNavi and our competitor."

"It's still early now. It may take at least ten years for driverless cars to produce results. Let's tell the story well to investors first, and then we can make plans for the next step." Faced with the current situation, Wang Gang also felt a headache.

How can Chen Pingjiang, who is the No.1 in the industry and also his competitor, ask for help? Will others agree if he asks for help?
Even if they agree, it would be equivalent to holding Didi's lifeblood in their hands.

…………

All related sectors on the A-share market are rising, and the U.S. stock market is naturally not to be outdone.

The share prices of a number of related companies such as Tesla, Nvidia, and AMD soared.

How could Bu Housheng be absent from this round of meat-eating? He has long increased his holdings in related companies' stocks. Even if it is not for future development, the major technology giants have to come out and express their intention to enter related industries, even if it is just to make their own stock prices look better.

This is called political correctness.

Otherwise, if everyone else is doing it and you don’t, what’s the point?
It is worth mentioning that Renren’s stock price also soared at the same time.

The main reason is still because of Chen Pingjiang.

Wall Street capital is currently targeting Orange Technology and Pangu AI.

Many investors have expressed their investment intentions to Chen Pingjiang, and to complement this move, The Wall Street Journal and The New York Times have been reporting extensively on Chen Pingjiang and his companies.

The unusual wind from the other side of the Pacific Ocean finally blew on Chen Pingjiang's head.

Chen Pingjiang quickly figured out what was going on. He realized that he had been too high-profile at this AI strategy conference.

Capital is now extending an olive branch.

It depends on whether you accept it or not.

If we play together with the capital from the Americans, then everyone will live in peace.

If I don't play with them, what I will face next is hype, attacks, slander, and even sanctions after lobbying Congress.

Chen Pingjiang is not unfamiliar with this set of things.

Fortunately, it is 2013 now, not yet 18, and Jianguo has not yet come to power, otherwise the suppression would probably have already begun.

But there is no doubt that Chen Pingjiang's extraordinary behavior has attracted the attention of American capital and consortium.

On the computer screen, Bu Housheng said, "If possible, we should bring them along. A while ago, Orange and Apple fought fiercely, and Cook suffered a setback. Fortunately, no one has taken the lead to deal with us. If the media hypes it up, the atmosphere will be created, and someone will raise their arms and call for action, then an alliance against us will definitely be established."

"Mr. Chen, I have been in the United States for so many years, and on Wall Street for so many years. I am very familiar with the way capital plays. They are like bloodthirsty sharks, coming over wherever they find something. If you are too weak, they will look down on you. But if you are strong and don't take a share of the pie with them, you will inevitably be targeted. For example, the recent Alstom incident."

Chen Pingjiang was shocked when he heard this.

Although the recent AI conference has been very popular and has received almost all the headlines, the news of the arrest of Alstom executive Frédéric Pierucci still caused a bit of a stir.

Pierucci was taken away on April 4th, and Chen Pingjiang's press conference was held on the 14th.

"It seems that I will not go to the relevant countries in the future."

Bu Housheng also laughed: "That's for sure, but they won't go to extremes. I think Pierucci will be released in a few days."

Hearing this, Chen Pingjiang smiled mysteriously. Old Bu was still naive.

Pierucci's arrest is not only a personal act against him, but also one of a series of actions taken by the United States against Alstom.

I was taken away as soon as I got off the plane.

By arresting Alstom executives, threatening high prison sentences, sky-high legal fees, high bail, and detaining Alstom with death row and serious criminals, the company was forced to pay huge fines, which ultimately led to the dismantling of Alstom's business.

As strong as Alstom is, it has 11 employees. The company's business covers more than 60 countries and regions around the world, and it has become a leader in energy, distribution and transportation, industrial equipment, engineering contracting and marine equipment. It ranks first in the world in hydropower equipment, conventional islands of nuclear power plants, and environmental control systems. Alstom is also the world's number one in the very high-speed train and high-speed train industries. In the urban transportation market, regional trains, infrastructure equipment and all related services, the company ranks second in the world. One out of every four light bulbs in the world is powered by Alstom's technology.

Even so, in the end it was still sold to General Electric.

After signing, Pierucci and his colleagues were released.

After being released from prison, Pierucci wrote a book to expose the truth.

Not to mention that Bu Housheng felt that the Americans would not go to extremes. At this moment, Alstom and Pierucci himself were not too panicked. They felt that they would be released on bail in a few days, so he did not tell his wife because he thought that this would not delay his return home to spend the weekend with his family.

Only Chen Pingjiang knew that this guy would probably have to stay for a few years.

Just like Mr. Meng and Mr. Zhao later.

"I know about this. Let me think about it. Let's just pretend it's a snake. Lobby the company to approve more funds." Chen Pingjiang added. (End of this chapter)

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