The Birth of Shanghai's First Conglomerate

Chapter 683 Extremely Fast Speed
no way.

Chen Pingsheng's financial resources are too large, often exceeding tens of billions of yuan, making it very difficult for him to choose stocks to hold for the long term.

Moreover, he himself has worked in AI, so he is naturally very clear about the prospects of this industry.

It's safe to say that the world's first company to exceed $5 trillion will definitely be related to AI.

Those exceeding ten trillion will inevitably be leaders in the field of AI.

There are only so many things that can make AI work, so his choice is understandable.

Apple is at its peak, and it has already invested in Nvidia and Google. Microsoft has fallen back into a trough. You could tell which one to choose with your eyes closed.

Chang Fu knew that he had cashed out another 200 billion yuan, so he immediately came to find him.

Asking him about the flow of these funds is really just asking him how he invested them.

Chen Pingsheng simply told him that he had invested all of his money in Microsoft and that 30 billion yuan had been poured into the field of AI.

Barring unforeseen circumstances, he will invest at least 30 to 50 billion yuan annually in Tengfei AI for a long time to come.

Upon hearing this number, the people of Changfu were stunned.

Investing 30 to 50 billion yuan every year, yet there's no clear future profit model, let alone any guarantee that it will make money.

No one would dare to do that.

This is a huge gamble on the chance to become a tech giant in the future.

And he has the money to do it.

"Hey Lao Chen, are you really that sure AI will make money?"

"There is no doubt that AI can make money, but whether I can make money from AI is another matter."

"It's not certain. Is it necessary for you to invest so much money every year?"

"Of course it's necessary."

Chen Pingsheng said, "Well, we started much later than others. If we hesitate after making a choice, we can't win this battle. By the way, why did you come to me again?"

He still didn't want to talk too much about AI with Chang Fu, mainly because it would be pointless to talk about it anyway.

Making a small amount of money with AI technology is very simple, but making a lot of money or even becoming one of the world's leading AI giants is even more challenging.

That's truly difficult.

"I came to you to ask about your investments, but you've invested all your money in Microsoft. Are you sure it will go up?"

"Who can be sure? I mean, you're not just thinking about stock trading all the time, are you?"

"What else can I do now? Just make some small investments and speculate on some stocks."

Chen Pingsheng couldn't talk to him much, as he also planned to develop several AI intelligent application technologies in the second half of the year.

This includes AI chat, sketching, animation, and AI body diagnosis robots.

This technology has such wide-ranging applications in the future that, to be honest, AI might one day bring future technologies into reality.

It's just a matter of how long it takes.

With so much money now, if he doesn't pour it into this sector, he could easily squeeze out a large number of small entrepreneurs in China.

It's pointless.

After a short while, Zhang Wanyi arrived with the senior management team of Tengyou Media.

The purpose of this visit is to discuss further cooperation on AI digital human live streaming.

They even hope that the Tengfei AI technology team can create a dedicated AI-focused short video technology team for Tengyou Media.

This is used to simulate and analyze the best live-streaming e-commerce models, and to cultivate future top internet celebrities based on AI models.

They even restructured their own AI influencer training model.

These things aren't a big problem, since Tengfei AI has already established numerous business groups.

It includes multiple technology groups such as intelligent driving models, cloud computing, AI systems, and AI robots.

Setting up a dedicated technical team for short videos for Tencent Video is naturally not a problem.

To truly develop AI, it is essential to continuously invest in industry data, including basic models.

Tengyou Media also has all of these things. Chen Pingsheng's first step is naturally to use the existing AI technology team to propel his entire company to new heights.

This is also one of the fastest ways to recover health.

The wildly popular TikTok relies on AI computing power for its computing architecture, including recommendation models and intelligent distribution.

This shows just how beneficial this thing is.

Over the next three years, he plans to invest between 1200 billion and 1500 billion yuan in Soaring AI.

Three years from now, he will definitely develop his own AI system, thus making a breakthrough into the existing mobile phone market.

There must be a strong market to support his continued research and development.

It's obvious that the mobile phone market is big enough, and the new energy market is also doing quite well.

If it can capture the mobile phone market, it can gradually achieve integrated software and hardware development.

This step is still a long way off, but once it is achieved, the future looks promising.

Beyond the mobile phone sector, there's also the more crucial area of ​​AI-driven healthcare.

……

After the pandemic, the real estate market slumped, and countless young people began to not get married, not buy houses, and even after graduation, they were not as proactive in looking for jobs as before.

If there's a good job, I'll take it; if not, I'll go back to the countryside.

It's mid-April, and Xiao Le will graduate from her third year of university in two months.

Her older sister, Xiao Ya, graduated more than two years ago and has now become a junior cadre at the deputy section level.

He must become a full-fledged section chief before the age of thirty.

According to my family's career plan, I should become a deputy director-level employee before the age of thirty-five.

Her sister's life plan was probably to be sent down to be a county official before she turned forty.

Once you're in that place, you have to work your way up through the ranks, no matter what.

When her sister becomes the Party Secretary, given the half-level difference in rank in Shanghai, she will most likely be assigned to a deputy director-general position.

Whether one can reach the department level within ten years and then the ministerial level at fifty is anyone's guess.

But without a doubt, such a clear career plan would make ordinary people envious.

Nobody knows how far her sister will ultimately go.

Xiao Le is about to graduate. During her three years of university, besides studying at school, she spent most of her time studying with her uncle.

Compared to school courses, being around my uncle is where I truly learn and grow.

Moreover, once she graduates, she won't be able to drive a Ferrari anymore.

Luxury cars worth millions should be avoided altogether.

Her family arranged a special customized Audi A6 for her.

It's a Maybach-like configuration built with over six million yuan, but it's just an Audi A6 shell.

Not only should one be particular about daily travel, but one's daily food, clothing, and other necessities should also not be too extravagant.

You definitely can't wear things like Hermès bags or Patek Philippe watches anymore.

The house wasn't affected; we had already bought her a top-tier apartment of over 300 square meters with zero common area.

It's enough for her to live in for many years.

Xiao Le has been visiting her sister frequently lately, asking her how life is going within the system.

According to her uncle's plan, her family intends to advance their century-long plan over thirty years.

Even if we don't cultivate a large number of family cadres, we should at least have a few who can speak for themselves in Shanghai.

With their uncles supporting them, and one after another pushing forward, their early lives were destined to be smooth sailing.

……

(End of this chapter)