Metropolis: I am an investment genius

When Su Yu walked into the small conference room, the six people who were inside all stood up and looked at the young man respectfully.

“Mr. Xu, introduce me?” Su Yu walked to the main seat and looked at the six people below and said.

“Okay, Mr. Su.” Xu Anguo replied.

Xu Anguo’s palm pointed to the first one on the right and introduced: “This is the CEO of Yitu Technology, Zhu Long.” ”

Xu Anguo’s palm pointed to the second place on the right and introduced: “This is the CTO of Yitu Technology, Lin Xi.” ”

Xu Anguo’s palm pointed to the second on the left and introduced: “This is the CFO of Yitu Technology, Zheng Yue.” ”

Xu Anguo’s palm pointed to the third person on the right and introduced: “This is the COO of Yitu Technology, Zhang Chenling.” ”

Xu Anguo’s palm pointed to the third on the left and introduced: “This is the CIO of Yitu Technology, Zhou Tu.” ”

Su Yu followed his introduction, looked over one by one, and nodded slightly.

“Guys, I called you over today, everyone should know if you want to, right?” Su Yu said with a smile.

Everyone nodded.

“Mr. Zhu, first introduce me to what artificial intelligence products or services the company has, and what is the level?” Su Yu ordered.

Zhu Long immediately stood up and began to narrate: “From a technical point of view, the technologies covered by our Yitu include artificial intelligence chips, artificial intelligence algorithm technologies (computer vision, speech technology, natural language understanding technology, etc.); From a business point of view, Yitu provides artificial intelligence industry solutions for intelligent public services and intelligent business business fields, and computer vision is currently in a leading position in the world. ”

Su Yu nodded when he heard this: “What is your next goal?” Or what does Tianyu invest 15 billion yuan a year in research and development? ”

Zhu Long immediately replied: “It is mainly used for a new generation of artificial intelligence IP and high-performance SOC chip projects, edge computing system projects based on visual reasoning, a new generation of artificial intelligence computing system projects, high-end visual intelligent computing platform projects, a new generation of speech semantic capability platform projects and supplementary working capital.”

“Mr. Su, originally our goal was to raise 7.5 billion yuan to be used in these six aspects, the proportions were 30.89%, 10.81%, 14.27%, 9.19%, 5.02%, 29.82%, now there are twice the research and development funds, and there will be 30 billion funds in the next two years, this ratio will be adjusted.”

“How to adjust?” Su Yu asked.

“According to our analysis, the proportion of funds for the project was redistributed, and the first five R&D projects were 5 billion, 2 billion, 2.5 billion, 1.5 billion, 500 million, and the remaining 3.5 billion was used to supplement working capital.” Zhu Long immediately replied.

“What research do you have on AI chips?” Su Yu asked.

“Mr. Su, artificial intelligence chips are our first major research and development project.” Zhu Long replied.

“At present, Yitu Technology is one of the few AI chip startups that has achieved tape-out and large-scale application.”

“In 2019, we released the AI chip [Seek], which integrates the ARM architecture general computing unit, ManycoreTM deep learning computing unit and decoding unit, completing the combination of a single chip to replace the CPU, GPU and decoder required in AI inference computing, which can realize the end-to-end computing power of AI inference applications.

At the same time, it can realize the matching and optimization of artificial intelligence inference computing and data transmission bandwidth, and avoid the power loss of data communication between chips. In terms of computer vision inference performance, the resolution and power consumption supported by the solution chip are significantly superior to mainstream GPU boards. ”

“In practical applications, one Yixinquest AI server can be equipped with 6 quest computing units, and one cabinet can support the full analysis of 10,000 video streams, which can drive the intelligent terminal equipment required by a single main road or an entire small park in an international city like Modu.”

Su Yu nodded and motioned for him to continue.

Zhu Long continued: “Because of the breakthrough of AI chips, chip-related businesses have brought us a continuous improvement in operating gross margin during the reporting period. In 2017, 2018, 2019 and January-June 2020, Yitu achieved gross profit margins of 57.39%, 54.55%, 63.89% and 70.99% respectively. The level of gross margin is significantly higher than that of comparable listed companies. ”

“Very good.” Su Yu praised.

“AI chips are also our key R&D projects in the future, according to the plan, the total investment of the new generation of artificial intelligence IP and high-performance SOC chip projects is expected to reach 5 billion, accounting for 33.33% of the total funds raised.”

“YITU has not yet sold the search chip separately, but sells artificial intelligence computing hardware based on the cloud and edge. Including the “Rough” series intelligent servers and the “Frontier” series of edge computing devices based on the research and development of chip and algorithm technology. High-performance, high-density end-to-end computing power for AI applications. Zhu Long finished speaking, and then looked at Su Yu, the big boss.

Su Yu’s brows frowned slightly, and then said: “The R&D funds are adjusted, mainly focused on artificial intelligence chips, and the rest are slightly increased according to the original funds.” ”

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