The Birth of Shanghai's First Conglomerate

Chapter 754 Further Progress and Development
August arrived in no time.

Chen Pingsheng's daily routine was the same as before, managing the business for his eldest daughter, An'an.

He would have his secretary, Lin Lu, say a few nice things to him whenever he had free time, and then casually give her bonuses of hundreds of thousands or millions of yuan.

According to incomplete statistics, during the few days he was temporarily on the job, this pretty secretary bought a three-bedroom, two-living-room apartment in Baiyun District for more than seven million yuan in cash.

The average price is over 50,000 but less than 60,000.

Nowadays, houses don't have much shared area anymore, and many developments even offer extra free space.

In first-tier cities, housing prices in good locations generally remain between 50,000 and 80,000 yuan per square meter, while those in core locations still exceed 100,000 yuan per square meter.

As for second- and third-tier cities, most of them have already reached between 10,000 and 20,000.

Outside of third-tier cities, the average price has generally fallen below 10,000 yuan.

Most remain between four and six thousand.

The era of frenzied real estate development is long gone, and the land rent economy is a thing of the past.

This era is a purely technological era.

Whether it's pig farming or apple cultivation, they've all become deeply integrated with AI.

The most valuable company in the Tengfei Group has long been Tengfei AI.

The drawbacks of excessive technological development are also very obvious, namely that many industries have replaced their industries with AI robots.

The future prospects for young people can only be described as increasingly difficult.

This is especially true for a populous country.

Most of the large workforce that used to be concentrated in factories has now been replaced by AI robots.

Even countless technology-based industries, including animation production, online novels, painting, sketching, live-streaming lectures and e-commerce.

They have all been replaced by AI.

Tengfei AI currently covers a range of cutting-edge technologies, including chips, AI robots, AI appliances across the entire industry, computing power, and cloud data.

Its valuation has reached four hundred billion US dollars.

The development of the times is sometimes hard to imagine. At least Chen Pingsheng, who has been retired for eight years, often laments that he can hardly keep up with the development of the times.

The widespread adoption of AI has freed up most repetitive labor, but it has also created a more challenging employment environment for the whole society.

The future will be a society of humans and robots.

The role of robots has expanded to include all the excellent services that should be provided, such as family, girlfriend, medical care, and work.

Five years ago, Tengfei AI developed its first intelligent girlfriend robot, which was priced at $3.8 at the time.

This intelligent girlfriend robot not only has human-like chat functions, but it can also act cute, comfort emotions, clean, and cook for the family.

It can be said that, apart from not being able to do *that*, it has all the services a girlfriend should have.

The key is that it doesn't get angry, let alone show any emotions.

Spending over 200,000 yuan to buy a caring family girlfriend is a popular choice for many users.

Five years later, this robot has evolved into its fourth generation.

Both chat functions and family services have been greatly improved thanks to big data.

The group is currently discussing not anything else, but rather how to completely upgrade this girlfriend robot so that it can actually do *that*.

This will undoubtedly cause a huge uproar and spark sensational discussions.

This means that it has everything a girlfriend has, except that it can't have children.

Rather than spending hundreds of thousands on a dowry to marry a high-priced, seven- or eight-times-used wife, it's better to spend over two hundred thousand to buy a hardworking, capable robot girlfriend.

Many people online say that the excessive development of robots has led to moral decay, and even to a point of being without any bottom line.

If this trend continues, not only will it be increasingly difficult for children from poor families to succeed, but even finding a decent job will become extremely difficult. As it turns out, Chen Pingsheng's decision to retire eight years ago and hand over all power to core technical staff was indeed very wise.

Over the past eight years, the group's technological development has been in a state of unprecedented euphoria.

Everything is driven by technology.

Looking at the technologies that have developed before him, Chen Pingsheng can now tease his secretary in the office whenever he has free time.

He truly doesn't understand anything in the technical field.

He didn't offer any opinion on whether the sixth-generation robot should have that extra function.

Since things have already come to this, let's just replace the high bride price with a robot.

In this day and age, it's incredibly foolish for anyone to spend a lot of their savings pursuing those illusory female live streamers online.

Not only is AI developing rapidly, but new energy vehicles and even mobile phones are also experiencing this trend.

The functions of today's mobile phones are far beyond what was unimaginable seven or eight years ago.

Everything revolves around AI; a mobile phone is not just for entertainment, but can also intelligently replace life and work.

It can collect user information more automatically in order to provide the best service.

The phrase "a thousand people, a thousand faces" perfectly describes today's AI smartphones.

The development of the times is always unexpected, and no one knows what technology will be the next to change the times.

But there is no doubt that the next ten years, including the next twenty, will be dominated by AI.

Aspiring tech talents can only focus their attention on this area.

This includes Chen Lu and Su Xiaoxi.

They want to turn 2 billion into 4 billion, or even more, and the best way to do that is to invest in stocks or in emerging AI technology companies.

If you can hit even one of them, doubling your assets is a piece of cake.

Because he was helping Su Xiaoxi make money, Chen Lu couldn't get any information from his father or mother.

There's no shortcut to learning about the group's large-scale investment plans.

It is undoubtedly very difficult for him to find a good startup company on his own.

But there's still plenty of time, so he's not in a hurry.

Chen Pingsheng called An'an and asked her when she could come back. An'an said that she would have to stay at sea for at least another three months.

She definitely won't come back if she doesn't have a good time this time.

Alright... he'll have to stay here as the interim president for three more months.

There was some good news at home too. The good news was that Erpiya's card was suspended by her mother, and she's on her way back now.

This girl is incredibly skilled at it.

Chen Pingsheng received another call from Xiao Le, informing him that her next appointment had been decided, and she would be transferred to a county in Zhejiang Province as the top official.

It took her family a lot of connections and resources to get her to this point.

This step is also crucial for her; if she does it well, she will rise through the ranks in the future, but if she doesn't, her career advancement will be difficult.

She will officially take up her post after another month of transition period, and Chen Pingsheng will definitely go there to take a look.

Each county has a distinct development path due to its geographical location, surrounding environment, and industries.

This requires the leader to adapt to local conditions and to coordinate with the group to mobilize some group resources.

Only through mutual support can Xiao Le be better propelled forward.

(End of this chapter)