As a mage, I just want to pursue the truth

Chapter 250 The Price of Entering a New Track
"For Apple, Bio-Tech was previously an invisible rival, but with the global popularity of brain-computer interface VR, the opposition between the two has actually become very obvious.

The reason why Apple continues to purchase brain-computer connection technology from Neuralink is because Neuralink has not yet been recognized by consumers.

As to whether there is a technological gap between neuralink and Kechuang Biotechnology in connecting brain-computer interfaces to mobile phones, Musk claims that there is no gap, but whether there is a technical gap or not still needs to wait for subsequent testing by hardcore bloggers.

As long as Neuralink's technology in brain-computer connection mobile phones is no different from that of Ke Chuang Biotechnology, we can see that the brain-computer connection technology installed in subsequent iPhones will gradually expand Neuralink's share.

Until Ke Chuang Bio was completely replaced by Neuralink on the iPhone.

Not only the iPhone, but Samsung's high-end models will also gradually use Neuralink to replace Ke Chuang Bio. Samsung itself is one of Neuralink's earliest partners.

However, Neuralink's brain-computer connection to mobile phones is currently limited to the English and Chinese language markets, the two largest in the world.

Other languages ​​will take time, and it will take time for neurolink to replace them and advance related research work.

Another good thing for Ke Chuang Bio is that the patent infringement lawsuit has already begun.

Neuralink's brain-computer connection technology is very similar to that of Kechuang Biotechnology in key points. Kechuang Biotechnology has filed a lawsuit in the Los Angeles court.

Of course, for CStone Biotechnology, these are just episodes. Even if Apple and Samsung do not adopt CStone Biotechnology's brain-computer connection technology, it is just a minor problem.

The secondary market has already given its own reaction, and the decline did not even exceed two points. The market is voting for Ke Chuang Bio with its feet.

However, there is also a long-term worry for CStone Biotech. That is, if it wants to revolutionize traditional PCs, then the entire semiconductor industry chain in Western countries will become a competitor of CStone Biotech.

For example, Ke Chuang’s future brain-computer connected VR will still need to use Qualcomm chips.

What if Qualcomm stops selling chips to Techwin? What if Techwin designs its own VR chips but TSMC refuses to manufacture them?
Currently, FutureVerse's chips use a 5nm process, and SMIC's 7nm process has not yet been released.

By then, if we are stuck on chips, it will be the biggest test for the future of science and technology innovation.

Compared with this danger, even if Kechuang Biotechnology was completely kicked out of the Apple supply chain, it would be nothing to mention.

Kechuang Bio is not a company like O-Film and Luxshare Precision that cannot survive without Apple.

As for when the Western semiconductor industry chain will strangle scientific and technological innovation, it depends on when Neuralink's technology matures.

As long as Neuralink can achieve similar brain-computer connection VR technology, they will do it.

The advantages in semiconductors can be used to offset the disadvantages in brain-computer connection technology.

Neuralink's brain-computer connection VR uses 3nm or even 2nm process chips, while Futureverse can only use 7nm process.

The advantages brought by the chip are not only computing power, but also image processing.

However, image processing is actually not a big deal. Unless Nvidia does not sell GPUs to China, it is entirely possible to use the GPU computing power of an external desktop computer.

In short, Apple’s behavior is just a clarion call, and the really difficult times have not yet arrived.

However, if we can get through this stage, the brain-computer connection VR alone will be able to cultivate a group of sufficiently strong Chinese semiconductor supply chain manufacturers.

So it depends on how you make the choice.

With the support of giants such as ByteDance, Dami, Ali, and Tencent, Kechuang Future will not be defeated so easily. "

After the equity transfer of Kechuang Future, Dami sold part of its equity to ByteDance and Ali.

Dami has had a hard time in recent years. Although its car manufacturing business has established a foothold, it still has a long way to go before profitability.

The good thing about the new energy vehicle industry is that domestic users in this field no longer blindly worship and consume foreign brands, and even foreign brands and joint venture car companies may be implicitly discriminated against.

The sales of new energy vehicles from old joint venture automakers such as Toyota, Volkswagen and Honda are very average.

The downside is that consumers are too rational and only look at the price-performance ratio. Consumers will only rush in if the price-performance ratio is good enough.

The capital investment required for asset-heavy manufacturing is too huge, which is a sweet but heavy burden for rice.

Fortunately, Huawei’s market share plummeted due to the lack of chips, and Da Mi ate most of the market share that Huawei gave up.

If it weren't for that wave of dividends, Dami would have sold his shares in Ke Chuang Future long ago.

For Rice, it is about exchanging the future for the present, and they need to build a healthier financial situation.

And even after selling so many shares, Dami still owns 15% of Kechuang Future's shares, making him the third largest shareholder.

The management of Kechuang Bio is happy to see more investors being introduced.

If brain-computer connected VR wants to develop and build an ecosystem, it cannot do without the applications of these giants.

Shopping, games, and pan-entertainment have already been built into a complete ecosystem.

Bilibili has obtained the VR copyright of "Fights Break Sphere".

Bilibili plans to be the first to try out a first-person perspective VR animation.

This is equivalent to the audience being able to put themselves into Xiao Yan’s first-person perspective.

As for whether the market will buy it, Bilibili has no confidence.

Therefore, they plan to sell the series by episode. If the data is satisfactory, they will continue to produce it. If the data is not satisfactory, they will not produce it. They will learn from the American subscription TV stations.

American TV series with good data will continue to be filmed, while projects with poor performance will be cut early.

Tencent is happy to bring in more investors, but it cannot accept ByteDance's entry.

There is a fundamental conflict of interest between ByteDance and Tencent.

However, ByteDance’s bid was too high, and the price offered by ByteDance was twice the unit price of the shares purchased by Kechuang Bio.

It has increased by 100 percent.

The transfer of shares between Dami and Tencent to Kechuang Biotechnology went through many rounds of negotiations.

The participants include not only these three companies, but also a series of external compliance agencies such as law teams and accounting firms.

Therefore, prices are almost transparent to Internet giants.

At that time, there was a heated discussion within ByteDance about whether they should purchase shares of Kechuang Future at a 100% premium.

Zhang Yiming finally made the decision:

"Is it 100% expensive to float up? I don't think it's expensive. It can be said to be incredibly cheap.

We are an Internet company, and TikTok has already reached the ceiling of what it can do, basically the upper limit.

It is also difficult for us to compete for customers with Kuaishou and Bilibili. I can proudly say that we are approaching the ceiling of this industry.

What will be done next? VR is a hot topic in the industry. All investors in the Internet industry have seen opportunities in this field. Kechuang Future is the best company in the VR field.

I think it is too cheap to become a shareholder of such a fast-growing company and get a ticket to the future Internet revolution by paying only a 100% premium.

Let me give a very simple example to the executives present today. Maybe some of you have heard of it, and maybe some have not.

This case happened about ten years ago when Midea acquired Kuka, a German robot manufacturer.

The situation at that time was similar to the current situation. The home appliance industry had reached its ceiling, the wave of home appliances going to the countryside had passed, and the dividends from real estate were also coming to an end.

The white appliance sector has changed from an incremental market to a stock market, and basically all home appliance companies are facing transformation. Gree chose to make mobile phones and smart home appliances.

Of course, Gree also wanted to develop new energy during this period, but it did not pass the board of directors' resolution.

Back to Midea, Midea chose to manufacture high-end robots. They spent 4 billion euros to acquire a robot manufacturer that was already on the decline at the time. They also promised not to participate in the other party's operations and not to interfere with Kuka's personnel changes.

In order to enter a new track, Midea paid a two to three times premium.

The reason why Midea is one step ahead of Gree today is because they chose to enter new fields and successfully achieved internal strategic transformation.

Kuka still faces many competitors, while Kechuang Bio has no competitors in the high-end VR field.

We also need to transform, and investing in Kechuang Future now is our best opportunity."

To add briefly, when Midea acquired Kuka, the PE ratios of the other three robot companies of the same size and level as Kuka were around 15 times.

When Midea acquired Kuka, the PE price was as high as 48 times, which was a three-fold premium, and Kuka was still on a downward trend at the time.

On the eve of the launch of the second-generation brain-computer connected VR, the market has already responded in advance.

The prices of VR NFT products, which had already been hyped up very high, have been pushed up even higher.

Previous NFT products based on Future Verse were five to ten times the price of ordinary NFT products.

Recently it has soared to fifteen times.

Tencent has made a fortune from the NFT project.

As for the Metaverse real estate speculation and Metaverse NFT products that were once very popular, they are almost dead.

By the time they develop their own metaverse, FutureVerse will have already occupied 90% of the market.

The fundamental value of NFT or blockchain products lies in consensus.

When 90% of users are on one platform and you don’t have a consensus, where is the value?

Therefore, the initiator of the project took the lead in running away.

A large number of leeks were harvested, and the harvest in the cryptocurrency circle was so ruthless, much more cruel than the A-share market.

After playing in the cryptocurrency circle and looking back at A-share market, I can definitely describe it as full of affection.

Li Miaomiao continued: “Microsoft recently approached us to discuss cooperation, and first of all, Microsoft hopes to cooperate with us in the field of industrial VR.

This matter went through many rounds of negotiations, and we were able to enter the overseas market through Microsoft.

The only contradiction at the moment is that Microsoft wants us to be just a technology provider.

But we need to obtain data in the field of industrial VR, and it would be best if we could further obtain the data accumulated by Microsoft in the industrial Internet.

The other party is very reluctant to make concessions and has been negotiating repeatedly on this point recently.

In addition, Microsoft expressed its desire to cooperate with us on VR.

They say they can build a desktop computer in a virtual space, and then users can use the desktop computer in VR.”

When Li Miaomiao heard about Microsoft’s needs, she thought, “Are you kidding me?”

Why do you need a desktop computer in VR?

Later, Microsoft explained in detail that brain-computer connected VR can only be used as an entertainment tool and cannot be used as a productivity tool.

Redeveloping a set of adapted productivity tools would be very troublesome, and the input and output would not be proportional.

It would be better to directly embed Windows into it, so that users can use computers in VR to handle office software.

Microsoft has proposed building a dedicated office area in VR, where users can then manipulate virtual 3D images and sit in chairs in the office area to use computers.

“With windows embedded in VR, FutureVerse can be used as a basic productivity tool.”

Zheng Li replied: “You can make a demo to try it out and see how it works.

In addition, can the chip for brain-computer connection VR meet this need?

Will there be insufficient storage? "

This is just like flashing both iOS and Windows on an Apple computer at the same time, which will affect the performance to some extent.

Li Miaomiao replied: "The feedback from the developers is that this can be made into an app, but it should not be a built-in function of the system.

In addition, Microsoft also stated that it can develop a simplified version of the Windows system specifically for brain-computer VR.

I can only browse the web and use some basic office software.

Then they will turn off the download and other functions of Windows.

Let’s try making a demo first to see the effect.”

Li Miaomiao continued: "Okay, I will assign the tasks later and let the technical department coordinate.

Tencent is quite concerned about this matter.

Because they want to engage in VR distance education.

Of course it would be best if you could use Office directly, so you don’t have to develop software yourself.

Developing supporting software also requires training teachers and students to use it.

Having an office can save you a lot of trouble.

In addition, security checks need to be strengthened appropriately for the product launch in London this weekend.

We may have to talk to the authorities in London about this.”

Not only did news of the existence of wizards spread in London, but security was also greatly increased, and the entire city was plunged into a tense atmosphere.

If the new generation of brain-computer connection VR activities had not taken so long to prepare, Li Miaomiao would have wanted to postpone it.

"Nice water element spell. Your proficiency is far beyond my imagination." After Wiles brought Charles back to London that night, he asked Charles to perform the magic he mastered.

"So this is what you learned from the dark web, right? You didn't inject any reagents, nor did you drink any strange potions?" Wiles asked after seeing Charles' magic.

Charles, who had regained his magic, seemed much more confident, but he still showed great respect for Wiles:
"Yes, Sir."

"Besides, I have a vague feeling that the power of magic is more than this."

Wiles nodded and said, "Can you tell me in detail the process of your spellcasting or how you achieved it?"

"Don't worry, this is considered training fees. We will pay you accordingly. You can state your desired price."

Charles shook his head and said, "I am not short of money, nor do I need money. I am only interested in magic."

"I want to try the staff that was used on me in Margate before. Merlin's crow shouldn't be that simple."

Working in IT in London, the annual salary is not too low, not to mention that Charles is the director of information security and has no financial needs.

Seeing that Wiles was easy to talk to, Charles wanted to get some magical creations.

He had a hunch that magic would become common in the future, and in the new era, magical creations would be much more valuable than money.

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(End of this chapter)