Investor That Can See The Future

Chapter 48

After saying goodbye, Daryl sat down in a comfortable position.

“As the mission shows, Karos is not just a company that develops autonomous driving.”

When he first heard about the mission of Karos, he thought of a chariot. However, the spelling is CarOS, not Carrosse.

Was it built like this in an ambiguous sense?

“For over 100 years, automobiles have been powered by petroleum-powered internal combustion engines. But it will most likely not be the case in the future.”

Companies and governments around the world are already moving to replace internal combustion locomotives, and if this trend continues, internal combustion locomotives will come to an end. And that time is coming sooner than expected.

He then asked a question

“Then what do you think the next generation of cars will be?”

I answered.

“It would be an electric car.”

There are two types of next-generation automobiles.

One is an electric vehicle (EV) and the other is a hydrogen vehicle (FCEV).

Either way, the electric motor is the same. The only difference is that an electric vehicle operates with electricity charged in a battery, and a hydrogen car operates with electricity generated by reacting hydrogen and oxygen inside.

In the case of an electric vehicle, it only needs a battery and a motor instead of a complicated engine and transmission to operate. The structure is also very simple, so it is not an exaggeration to say that it makes the RC car bigger.

It is for this reason that startups rather than traditional automobile companies have been able to stand out in the electric vehicle market.

Until a few years ago, electric cars and hydrogen cars were competing against each other.

In fact, electric vehicles have inherent weaknesses. Since it is driven by electricity charged in the battery, the driving distance is short and the charging time is long. However, if you recklessly increase the battery capacity, the car body becomes heavier and the price becomes higher.

That is why electric vehicles are heavy and expensive despite the fact that they require far fewer parts than internal combustion engine vehicles.

Eunsung Motors decided that electric vehicles were not competitive in the market and went all-in on hydrogen car development. Thanks to this, we were able to have the world’s first hydrogen car mass production system.

However, contrary to the expectations of Eunsung Motors, it was actually a victory for electric vehicles.

Nikola of the United States dramatically improved the mileage and charging time, which were considered weaknesses of electric vehicles, and built a huge factory in the middle of the desert to lower the price of batteries.

China’s BID has emerged as the world’s largest electric vehicle maker thanks to the support of the Chinese government to solve environmental problems and lead the future car market.

With the growth of electric vehicles, government support from each country has also been focused on electric vehicles.

In the end, all automakers jumped into the development of electric vehicles, and Eunsung Motors also turned to electric vehicles belatedly, but it was already far behind in technology.

Daryl nodded his head.

“Recently released cars are loaded with various electronic devices. Navigation, rear camera, radio, DMB, air conditioner, heated wire, black box, etc.”

It’s not just auxiliary devices.

In old cars, when you step on the accelerator, the connected mechanical device opens the throttle and injects air into the engine, but now an electronic device called ECU is replacing it.

When you step on the accelerator, an electric signal goes to the ECU, and the ECU processes the information to decide whether to open or close the throttle.

If even the drive unit is turned into a motor, the car becomes a computer powered solely by electricity.

Daryl said with his eyes shining.

“The goal of Karos is to develop artificial intelligence (AI) for cars that can control everything in the car, including autonomous driving.”

It was something I already knew through the plan, but hearing it through the CEO’s mouth, the weight was different.

Artificial intelligence for automobiles.

Hyunjoo’s older sister asked a question.

“Currently, other companies are already commercializing autonomous driving, but what level is Karos’ technology?”

Autonomous driving can be divided into five stages.

Driving assistance functions, partially autonomous driving, conditional autonomous driving, highly autonomous driving, and fully autonomous driving. Among them, up to stage 3, conditional autonomous driving, has been developed and installed in mass-produced vehicles, and stages 4 to 5 are being studied.

However, Carlos has not produced any results so far.

Daryl sneered.

“It’s just a program that runs according to a set algorithm. It is far from truly autonomous driving.”

“Then what is true autonomous driving?”

Daryl answered my question as if waiting.

“It’s driven by artificial intelligence that thinks and reacts like humans.”

It does not deviate from the established lane, moves according to the traffic flow, checks the signal and starts, and stops when it detects an obstacle.

All of these work according to set rules. The more sophisticated the rules, the less likely they are to malfunction.

In fact, the self-driving car developed by Gubble has also passed road tests in large cities several times.

However······.

Traffic police often give hand signals at congested intersections. Traffic police hand signals have priority over traffic lights. But can self-driving cars really ignore traffic lights and drive while watching police beckons?

Can you judge the siren sound from behind and stop driving and get out of the way?

Can you avoid seeing the car in front of you staggering and judging it to be drunk driving?

In addition, can it perfectly cope with various variables that occur while driving?

I could see why Carlos had not done anything so far.

What Eunsung Car wants is the development of algorithms necessary for autonomous driving. You want a machine that goes and stops according to the rules.

But Daryl’s goals were quite different. He wanted to develop an artificial intelligence that thinks like a human and drives a car, not just an algorithm.

As such, it is inevitable that the technology development will be slow compared to other companies that have advanced autonomous driving by step by step.

“The artificial intelligence we are developing is a complete operating system that controls all systems of the vehicle, such as autonomous driving, navigation, content provision for passengers, automatic parking, and efficient battery management.”

When Taek-gyu heard the interpretation, he looked surprised.

“awhile. That’s completely Asurada.”

“what is that?”

“A machine with artificial intelligence from the cyber formula.”

“·················ogue.”

When the hell is the enemy animation?

At least not our generation. Would the people who watched the anime be in their 30s by now?

Thinking so, Daryl turned his head away, coughing for nothing.

“Wow!”

“·················ogue.”

Is something stinging? I don’t think you thought of developing artificial intelligence for cars after watching that anime, right?

Daryl said, fixing her expression.

“As you know, we are looking for an investment destination to purchase the shares of Eunsung Motors. For now, it is difficult to develop any more under the Eunsung Motors.”

Initially, Karos was established as a joint venture.

AMZ had a free atmosphere like an IT company, and he made investments but was not involved in business. Because of this, Daryl was able to build the team he wanted and focus on developing the technology he wanted.

However, the situation changed when AMZ sold its stake and became a subsidiary of Eunsung Motors. The most problematic thing was Han Chan-young’s existence.

He saw the development of autonomous driving as a means of building successors.

Therefore, he wanted to develop a program that can be used immediately rather than developing artificial intelligence that looked into the distant future.

The two sides had no choice but to clash with each other because their goals were different.

In the end, Chan-Young Han resigned from Karos, which led to the sale.

I was lost in thought.

What if, as he said, an operating system could be created to control everything in the car? So what if humans no longer need to drive?

Cars are an essential part of modern life. No matter how much the times change, the importance of automobiles will increase and not decrease.

As this is a field that will continue to grow in the future, the world’s leading automobile and IT companies are jumping into the development of future vehicles at once.

I thought of driverless cars driving down the road.

All cars move along the most efficient route, and when the battery runs out, it automatically finds a nearby charging station to charge it, and stops at a fixed place in time when the owner calls.

Even if realistic pornography becomes easy to enjoy, even if we can get more delicious pizza delivered quickly, the world will not change much.

But this is different. If artificial intelligence to control cars is developed, the ripple effect will be beyond imagination.

The only thing that matters is the probability of success, and I have predicted it twice.

If successful, how much will the company be worth?

Decacon is a privately held company with a market capitalization of over billion. 11 trillion won in Korean Won.(Read more @ wuxiax.com)

This is by far the minimum amount. Considering the size of the global automobile market, it is not surprising if it becomes 110 trillion won instead of 11 trillion won.

In an instant, a strong shiver ran through his body.

This is an opportunity of a lifetime. If successful, you will be more successful than all other companies you’ve ever invested in combined.

I asked Daryl.

“What is the current Karos equity relationship?

“The difference between the two is 86 percent, and me and the developers have 14 percent.”

The cost of IT professionals in Silicon Valley is beyond imagination. Salary ranges from several hundred million won to tens of billions of won.

Even if it is a large company, small and medium-sized companies cannot meet the full amount, so instead of reducing their annual salary, they pay stock options.

The stock options originally assigned to employees were 7.5 per cent of the total shares. By the way, when AMZ sold its stake, Daryl and his employees bought an additional 6.5 percent at their own expense.

Daryl currently owns a 6.4 percent stake, with other employees 7.6 percent.

If you buy only the 86 percent stake that Eunsung has, all problems will be solved.

As Taek-gyu said, right now, Eun-seong-cha may be doing something good.

But what would they look like when they found out that the company they sold for only $100 million was worth more than $10 billion?

It doesn’t end there.

What Carlos is developing is the core technology of future cars. If the technology is preempted, no automaker will be able to escape its influence.

The fact that Karos became a Decacon made it seem like the future was unfolding right in front of his eyes.

I remembered his father, who lost his technology to Eunseong’s car and died. But this time, I had to take the technology against Eunseong.

Of course, unlike them, I pay a fair price to buy it.

So there’s no need to be sorry at all.

By the way, I have no intention of paying the price that Eunsung Cha calls. It’s over there, not us.

There will be plenty of room for negotiation as Eunsung Motors would like to sell the entire patent and core technology at a low price rather than selling them separately at a low price.

Until now, I had entrusted it to Hyunjoo noona, but this time I decided to tell it myself.

I said looking at Daryl.

“We will invest in CarOS.”