Winning the new financial era

Chapter 341
Zhang Yida did not directly answer Lu Qi's question, but instead asked Lu Qi: "I heard that Microsoft Xiaoice has already made efforts in the financial field. The new generation of products can capture all the announcements issued by listed companies and automatically generate summaries?"

Lu Qi thought about it for a while before answering: "This version has not been officially released yet, how do you know?"

Zhang Yida smiled, "Microsoft is the industry leader, so we naturally pay more attention. Some executives of Microsoft mentioned a few words in some meetings, and we have drawn some conclusions based on summarization."

"That's right, the new generation version does have this function, and Microsoft's senior executives also mentioned a few words in some public meetings."

Regarding the information that Microsoft has made public, Lu Qi feels that it is not a big problem to talk about it.

As a former executive of Microsoft, he signed a non-disclosure agreement with Microsoft. He cannot disclose Microsoft's commercial secrets in public or privately, otherwise he will be held legally responsible.

But Zhang Yida's question was obviously not among them, it was all half-disclosed, not really a secret.

"Reading the announcement and making a summary, in fact, this work can also be done by humans.

The advantage of Microsoft Xiaobing is that it can complete the work in 20 seconds? "

Seeing that Lu Qi didn't talk to him, Zhang Yida knew that he had scruples, so he continued to preach: "For financial practitioners who "race against time", getting refined first-hand information in 20 seconds is a great advantage.

While the opponent is still manually flipping through the announcements, users of Microsoft Xiaoice can carry out related financial operations.

If it were me, I would definitely use Xiaoice’s services. "

"Mr. Zhang, do you expect Ruixiang's artificial intelligence application to achieve this level?" Lu Qi asked.

Zhang Yida shook his head, "This is just the most basic text recognition, just like our current AI anti-fraud application, it is a "dead thing".

Douvision's AI review system can automatically identify illegal and prohibited pictures and videos.

These belong to the first stage in Microsoft's three-stage standard division of artificial intelligence: basic artificial intelligence interaction, that is, having one or more interaction methods.

What we want to do is "living creatures", adding senses to artificial intelligence, so that "she" can hear, see, speak, think and learn.

This requires certain research results in speech recognition, visual recognition, dialogue engine, natural language processing, machine deep learning and other fields, and the "integration" of these functions.

Otherwise, the artificial intelligence produced will also be disabled, dumb, blind, deaf, mentally handicapped children..."

Lu Qi smiled, "Your analogy is very appropriate, but what you are talking about is already the third stage of artificial intelligence divided by Microsoft, with "advanced senses".

To achieve this step, in addition to the support of massive data, it also requires professionals from almost all natural sciences and social sciences, including computer science, psychology, philosophy, and linguistics.

Microsoft's AI research and development team currently has 5000 people, and this number will expand to 8000 next year. "

How terrifying!

The average monthly salary in the domestic artificial intelligence segment is 5000 plus, and a team of [-] people will be paid more than [-] million in salary a month, and more than a billion a year.

This is just salary, not counting the investment in laboratory equipment, which is even more terrifying.

Moreover, this thing will not produce results in a short time, and it may not be able to make money immediately if it produces results.

A company with no strength can't move it at all.

But Zhang Yida thought about it again, Zhuzhubao had to pay 10 billion a month's salary.

[-] million doesn't seem like a lot!In addition to a Microsoft Asia Research Institute, Microsoft also has many jobs in the United States.

Those who receive the US knife are the real big cows, with an annual salary of one million, and they are still US dollars.

However, if Zhang Yida wanted to lure these people to China, he would not only have to pay the same salary as Microsoft, but even higher.

If you have no money, you can only cheat people with options.

"Mr. Zhang, how are you? Is it too stressful?"

Seeing that Zhang Yida hadn't spoken for a long time, Lu Qi had been thinking silently there, thinking he was backing down, so he joked.

"Fortunately, the pressure is not too great!"

Zhang Yida was very calm, "In my current companies, Ruixiang has an artificial intelligence team, and Douvision also has one, and... other companies have not been involved in this business for the time being, so they have not recruited talents in related fields.

If the two companies get together, it should be possible to create a team of 500 people.

In addition, I have also invested in a large number of image recognition companies such as Shangchao Technology and Megvii Technology in China. In terms of voice recognition, iFlytek is currently doing well in China, and I can also carry out some cooperation with them.

We only need to concentrate our strength on several fields such as dialogue engine, natural language processing, and deep learning. "

After Lu Qi said "OK", he continued: "In addition to talents and funds, there is another important thing, and that is data.

Data needs AI, and AI needs data.

After entering the "Data 3.0" era, the data assets of enterprises have exploded, often exceeding the inherent business boundaries, and including all kinds of garbage data.

As a result, the amount of data is increasing, the quality of data is uneven, and the output of data is difficult to be accurate.

However, deep learning algorithms require massive amounts of data for "training". The larger the amount of data, the more accurate the better.

In machine learning or deep learning models, using the wrong data or data arrays that are not large enough to train and run these models, it is very likely that the resulting artificial intelligence is a "deformity"!

Google's data is based on its powerful search business, while Apple's data is based on the huge number of mobile terminal devices.

For Microsoft, it comes from office software, operating systems, and search services.

Mr. Zhang, if you want to make a great artificial intelligence product, data is essential.

But as far as I know, most of the data of Chinese Internet users is in the hands of BAT.

Ruixiang has the financial data of some users, but very little other data. "

"Yes, in terms of big data reserves, we are still behind BAT.

But the gap is not as big as you might think.Doushi short video has hundreds of millions of users, Huimin Travel also has hundreds of millions of users, and the number of Pinduoduo e-commerce users is about to exceed 1 million.

The total number of users of these four companies is 7 million, covering four fields including finance, short video, travel, and e-commerce. After deducting the overlapping parts, they cover about 3 million to 3.5 million Internet users in China.

According to statistics in the report, the number of mobile Internet users in China last year was 6.9 million, and this year it is about 7.3 million.

We cover almost half of the Internet users in China. Although the usage time is not as long as that of Penguin, it is definitely not much worse than Ahri and Qiandu. "

"Really?"

After hearing this, Lu Qi became very excited. He looked at Zhang Yida with burning eyes, and asked again.

"It's true! I can show you the backstage right now."

"That's unnecessary. I believe Mr. Zhang would not make such a joke."

Lu Qi is still very measured, if Zhang Yida was transferred to the backstage, he would be so stupid.

As a programmer, he can still verify what Zhang Yida said through some network means.

"7 million users? Mr. Zhang, these 4 apps of yours are all hits! They are all national-level apps, so Ari and Penguin are going to die of greed."

Yuan Zheng also interjected.

"Haha, that's not true, the number one APP in China is QQ, but it is estimated that it will be surpassed by WeChat in the fourth quarter.

Then the third and fourth places are Taobao, Alipay, and No.5 is our Investment Ronghui.

Then QQ Browser, UC Browser, Qiandu Map, Gaode Map, iQiyi, Penguin Video, Youku Video, QQ Music, Kugou Music, 360 Mobile Guard, Sina Weibo...

The other three apps under my banner will be ranked outside the [-]th place. "

"The 7 million users don't include overseas users, right?" Lu Qi asked suddenly.

"Yes, counting several mobile payment companies owned by Ruixiang Holdings and joint ventures, as well as Musical.ly and Green, the number of users will add nearly 2 million."

"This adds up to almost 10 billion users. Mr. Zhang, have you considered merging the four companies?"

Lu Qi looked at Zhang Yida with great interest, and said, "Fingers need to be clenched into fists to be powerful when punched out. You are now segmenting the company into individual parts based on industry segmentation, which is not a particularly good management method.

I guess you must have concerns, maybe you think the business is too bloated after the merger? "

Zhang Yida pondered for a moment, then replied: "Ruixiang must be taken out separately, and the financial business is not very suitable for merging together.

I have considered merging before, but I have never found a suitable person to help me sort out the business line and figure out the strategic plan. "

"If Mr. Zhang likes me, I will recommend myself to be the business manager."

After speaking, Lu Qi turned his attention to Zhang Yida, waiting for his reply.

Zhang Yida didn't expect Lu Qi to be so unexpected, and he recommended himself before he even opened his mouth.

There are many benefits for Lu Qi to join the company.First of all, the other party has held positions such as vice president of Yahoo and vice president of Microsoft, and has a good international perspective.

This point is very important for companies aiming to expand overseas.

Secondly, although Lu Qi came from a technical background, his management skills are quite good.

He once led Bing Search, which almost started from scratch, and grabbed more than 20% of the market share from the powerful Google.

In addition, Office has also become Microsoft's most profitable department under his leadership.

In the previous life, Qiandu hired Lu Qi as COO. Under his drastic reforms, Qiandu medical bidding ranking was abolished and the "all in AI" strategy was established.

In one year, Qiandu’s net profit increased by 57%, and its market value increased by 65%.The market value also hit a new high, reaching a maximum of 990 billion U.S. dollars, which is infinitely close to the [-] billion mark.

Then, because of too much reform and internal struggle, Lu Qi resigned after working for more than a year.

On the day Lu Qi announced his resignation, Qiandu’s stock price fell by 9.54%, and its market value evaporated by 94 billion US dollars.

It can be seen that Lu Qi is still very talented.In particular, the three views are relatively positive, and the bidding ranking of Qiandu Medical has been abolished.

Of course, after he left, the medical bidding rankings revived again...

"I came here to invite Dr. Lu to join our company." Zhang Yida said with a smile, "You can join any company you want, and I will give you maximum support and management authority."

"I want to join a new group consisting of several companies including Pinduoduo, Huimin Bike, Doushi, and Bilibili."

Lu Qi hesitated for a moment, and then said: "In addition... AI project, I also recommend putting it in this new group."

Zhang Yida saw that he was obsessed with AI, so he just had to satisfy this requirement. Fang Ruixiang or the new group didn't matter to Zhang Yida, since the meat would be rotten in the pot anyway.

"Yes, it's all right. If you become the CEO of this group, I will give you the greatest trust."

Lu Qi was also a little surprised, thinking that he might be the COO or CTO at most, but Zhang Yida trusted him so much that he appointed the CEO position when he came up.

"Thank you Mr. Zhang for your trust, I will definitely not let you down!"

Zhang Yida nodded in satisfaction, and it was a worthwhile trip to recruit Lu Qi.

Yuan Zheng was also happy for his friend Lu Qi, who found a good platform and a good boss.

Regarding salary, Lu Qi didn't ask, and Zhang Yida didn't say anything.

They are all smart people, Zhang Yida is willing to appoint the job of CEO, will he still be stingy with salary and stock options?
(End of this chapter)