I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 230 Pangu AI's Plan to End the Bald Eagle's AI Industrialization System

As more and more users experience the power of Pangu AI, the stock prices of chip-related companies such as Nvidia, Micron, TSMC, and ASML have fallen at an accelerated pace.

When the bald eagle stock market closed, Nvidia's stock price fell 16.98% to close at 118.41 eagle dollars, and its market value dropped by 5904.8 billion eagle dollars in one day.

It's clear that the double whammy of graphics card and chip issues has had a significant impact on it, and investors believe its current market value is too high.

Intel's performance was slightly better, with a decline of only 12.5%, resulting in a market capitalization loss of 227.3 billion dollars.

Another graphics card giant, AMD, also suffered a dismal stock price decline, falling 10.1% and losing 226.8 billion dollars in market value.

lithography machine giant ASML and Nvidia are in the same boat, with their stock prices falling 16.32%, from 863.979 USD to 727.189 USD, resulting in a market value loss of 537.6 billion USD.

These are all heavyweight stocks in the technology sector, and their collective decline will naturally lead to a decline in the technology sector and even the entire stock market.

For example, Nasdaq 100 futures fell by 1100 points.

Not only did the US tech sector plummet, but the same thing happened in Europe.

For example, ASML, a lithography machine giant, is listed on both Nasdaq and Amsterdam. Its stock price plummeted by 16 points on Nasdaq and by more than 12 points on Amsterdam.

For example, STMicroelectronics fell 9.01%, resulting in a loss of 20 billion euros in market value.

The Stoxx Europe 600 technology index suffered its biggest drop in history, falling 8.2%.

Just as Yang Chen had predicted, as soon as Sihai graphics cards, CPUs and Pangu AI were released, the Bald Eagle and European semiconductor technology sectors were bound to plummet.

BlackRock President Manny Pacquiao and Vanguard President Charles Barkley sent Yang Chen another video conference request.

Yang Chen asked with a smile, "What is it?"

Barkley immediately said, "Mr. Yang, I was wrong. Is it too late for me to apologize now?"

Pacquiao quickly added, "Mr. Yang, I know I was wrong. I'll apologize to you right now, and our two families will immediately pool together 2000 billion Eagle Dollars for you. Is that alright?"

Yang Chen shook his head and refused, saying, "Thank you, but I don't need it. Please don't contact me anymore; I'm afraid Europe will misunderstand."

“No collateral required, and no pressure to pay back, just a promise to pay back one-fifth every year. Is that okay?” Pacquiao quickly said.

Barkley quickly chimed in, "Yes, yes, we were foolish before. Mr. Yang helped us make money, how could we ask Mr. Yang for collateral? I want to slap myself when I think about my stupid behavior."

After saying that, Barkley actually slapped himself in the face. He really regretted it. Why didn't he go against everyone's opinion and lend money to Yang Chen without collateral?

If you lend money to Yang Chen, and then follow Yang Chen to short the corresponding stocks and stock index futures, you could earn more than 2000 billion Eagle Dollars.

Pacquiao immediately slapped himself, cursing, "I'm such an idiot! Mr. Yang's name is worth 1 trillion Eagle Dollars, and I actually asked Mr. Yang for collateral for a mere 1000 billion Eagle Dollars. Mr. Yang, I truly know I was wrong. Please give me a chance. I'll transfer the money to your account right now, is that alright?"

Yang Chen replied with a smile, "Giving me money now is useless; you've already missed the boat."

Pacquiao replied, "It's alright! If we miss it this time, that's fine. Just remember to take us with you next time, Mr. Yang."

Barkley quickly added, "Yes, yes, next time you can take us with you. To show our sincerity and prove to Mr. Yang that we truly know we were wrong, we'll transfer the money to your company first. Is that alright?"

Don't think Pacquiao and Barkley are brainless, and don't think that investment giants like BlackRock and Vanguard are too frivolous.

Yang Chen is so young, he will definitely have many more opportunities in the future. As long as they seize one or two opportunities, they can earn more money than 200 billion Eagle Coins.

For such large investment companies, they are not looking at short-term gains, but rather long-term benefits.

Yang Chen said with a smile, "Aren't you making things difficult for me? If the EU finds out, they'll suspect that I have some kind of entanglement with you."

Pacquiao quickly replied, "We won't tell anyone, so they won't know. For you, having two more partners from the Bald Eagle is definitely better than having a few more partners from Europe. There are some things that other countries might not be able to solve, but we in the Bald Eagle can definitely solve them."

Barkley quickly added, "Yes, yes, we are valuable to Mr. Yang, I guarantee it."

Yang Chen said with difficulty, "Sigh... Fine, what can I do? You're a company from the US, so sometimes it really only works when you step in. Call me then, and I'll contact you next time I have the chance to do something."

Pacquiao and Barkley quickly rushed to thank Yang Chen, their expressions visibly delighted.

Soon, 2000 billion Eagle Coins arrived in Sihai Investment's account, and Zhao Jing, the president of Sihai Investment, called Yang Chen.

"Chairman Yang, 200 billion Eagle Dollars suddenly entered Sihai Investment's overseas account. I checked and it was transferred from BlackRock and Vanguard. Are you aware of this money?" Zhao Jing asked.

Yang Chen smiled and replied, "Okay, I know. Don't touch it for now, just leave it there."

Zhao Jing replied, "Okay, I understand."

Some people are just despicable; they have to suffer great losses before they realize their own and others' true strength and then they can find their proper place.

BlackRock and Vanguard shareholders are now extremely frustrated, watching helplessly as the stock prices of Bald Eagle and European semiconductor technology plummet without them getting any profit. Yang Chen had practically handed these two lucrative opportunities to them, but they had let them slip away.

In the afternoon, EU President Tuskra, along with the presidents of several European banks, requested a video conference with Yang Chen.

As soon as Yang Chen entered the conference room, the presidents rushed to greet him.

Yang Chen smiled and nodded, waving at the camera.

"Hello everyone. Is there something you need?" Yang Chen asked.

Tusk immediately replied, "Haha... Yes, very important. We need to thank Mr. Yang for helping us make a lot of money."

Deutsche Bank CEO Horns said, "Yes, yes, we should thank Mr. Yang for saving our European stock market and leading us to reap the rewards of the American stock market. Haha... awesome!"

Barclays President Boris Johnson followed up, saying, "We've been fined so much by the bald eagle over the years, I can't even remember the exact amount. This time, we're going to make them pay dearly. Fuck! Mr. Yang, thank you for your help. We hope you'll give us more opportunities to cooperate in the future."

Yang Chen smiled and said, "No problem, no problem. As long as you don't do anything as foolish as BlackRock and Vanguard, I'll give you a chance."

Tusk immediately replied, "Mr. Yang can rest assured on this point. We would never do anything foolish. We trust in Mr. Yang and the reputation of China."

Yang Chen nodded and said, "Yes. I hope you will keep your word and not be like the Bald Eagle, saying one thing and doing another, agreeing today and going back on your word tomorrow."

Tusk quickly replied, "Of course, we Europeans keep our word."

Yang Chen chuckled. Foreigners are all the same. They talk about keeping their word, but it was these bastards who came up with the idea of ​​carbon neutrality. They gave up when they realized they couldn't compete with China.

Yang Chen's attitude towards foreigners is the same as China's foreign policy: not to form alliances with any country, but to cooperate when opportunities arise. Not putting himself under constraints makes it easier to adapt to changing circumstances.

Today he can join forces with Europe to harvest the bald eagle, and tomorrow he can join forces with the bald eagle to harvest Europe. When the opportunity to make money comes, we can't just not let him make money, can we?
The sudden surge in popularity of Pangu AI caught Wall Street off guard, prompting investment banks such as Goldman Sachs and Morgan Stanley to quickly organize seminars to assess the future development of AI.

Goldman Sachs seminar.

President Wen De'en said, "I've used Pangu AI, and it's really powerful, definitely more powerful than chatGPT4. They managed to do it using domestically produced 28nm chips from China, and the training cost is only 200 million Eagle Coins, which is much cheaper than chatGPT's 1200 million Eagle Coins per training session. The key is that it's free and open source. It might be difficult for the AI ​​projects we've invested in to recoup their investment. What are your thoughts?"

Investment analysts immediately expressed their opinions.

"How did that damn Yang Chen manage to come up with these three high-tech products all at once? If he had worked in this industry before, I could accept it. The problem is that he's a complete novice, and suddenly he's created the most advanced products on the planet. I just can't accept it. As long as he keeps updating and upgrading, the products developed by the companies we invest in will always be a version behind his. We can't invest in the semiconductor and AI industries anymore. Let's just quit now."

"Sigh... It's easier said than done. We've already invested over 20 billion Eagle Dollars in the AI ​​field. You think you can just quit like that?"

"We can't give up on AI, but we can't blindly invest in it like before. We need to reduce our investment in AI by at least 50%. I really don't understand how Yang Chen managed to create these three products under all these restrictions. I really admire him."

"He caused us so much loss, and you still admire him? How can you say such a thing? I wish I could kill him with my own hands, I want to mow him down with a Gatling gun, otherwise I won't be able to vent my hatred!"

It's clear that these people hate Yang Chen, but they can only rant and rave behind closed doors. If they dare to say in public that they want to kill Yang Chen, the mosquitoes and flies in their houses will inexplicably explode at night.

Investment banks are working on countermeasures, and the White House has called, demanding that all their presidents and chief analysts attend a meeting immediately.

Two hours later, presidents of major Wall Street investment banks arrived at the venue with their chief investment analysts.

This was a top-level strategic discussion meeting. In addition to the presidents and chief analysts of these investment banks, the presidents of technology companies such as Nvidia were also present, and the rest were all top executives from the United States.

Michael Connett, chief analyst at the Bald Eagle Economic Think Tank, said, “Ten years ago, we discovered that China’s industrial development had reached a powerful and formidable level, and we finally realized that a nation built on finance was not viable; we needed an industrial nation. So, we have been trying to bring manufacturing back and re-industrialize the Bald Eagle. But everyone has seen the results: China, with its low labor costs, complete industrial chain, and abundant raw materials, still firmly occupies an important position in the industrial system. Their industrialization has not only not been affected, but has become increasingly powerful, now accounting for 36% of the world’s industrial output. It is truly terrifying that one country accounts for more than a third of global industrial production.”

Connet paused for a moment at this point.

It was clear he was in a bad mood; just reading the manuscript made him very unhappy.

Connet continued.

"Since the traditional industrial system can no longer compete with China, and manufacturing is unlikely to return, we have to change our tactics. According to our plan, we will first raise tariffs on China to destroy their overseas markets, then raise interest rates sharply to induce the return of US dollars, then withdraw investment from them, and let the returned US dollars enter the stock market. Then we will let these funds enter the stock market to invest in the AI ​​industry, and then use AI to upgrade the modern industrial system. Finally, we will open our doors again and raise the banner of globalization once more, using the AI-upgraded industry to deliver a devastating blow to China's industrial system."

It has to be said that the Eagle family has some capable people. This series of interconnected tactics sounds so exciting that it's not something an ordinary person could come up with.

but!

What a pity!

They were facing the most powerful industrial system in human history, Cthulhu, and the industrial system they had always dreamed of already existed in the Dragon Kingdom.

Isn't the bald eagle trying to use AI to upgrade its industrial system and then launch a devastating attack?

Excuse me.

China now has a wider application of AI than they do.

Isn't their intention to use chips to hinder China's development in fields such as AI?

Excuse me.

Yang Chen has already solved the 3-nanometer chip technology; he just needs Sanxing to manufacture it now.

Yang Chen has now launched Pangu AI, which does not require high-end chips at all. It can be done with domestically produced 28-nanometer chips, and the cost is only one-sixth of that of the US.

It can be said that the emergence of Pangu AI directly brought the Bald Eagle AI industrial system plan to an end.

According to Connet, they had already succeeded more than halfway: raising tariffs, bringing back Eagle Dollars, making AI a hot topic, and withdrawing their investment from China. Now, they were only one step away from upgrading their industrial system with AI, but that all came to an abrupt end with the emergence of Yang Chen's Pangu AI.

The emergence of Pangu AI will lead to overcapacity for companies like Nvidia. In addition, with the continuous breakthroughs in China's domestic chip industry, Nvidia and its ilk are destined to decline. No one can change this trend.

The most pressing problem facing the US now is that their stock market previously over-invested in AI, and the emergence of Pangu AI has directly burst their stock market bubble. How to prevent themselves from being exploited is their most pressing concern right now.

OpenAI President Brookman was called upon to comment.

Brookman said gravely, "Currently, we don't have a better way to deal with the impact of the Pangu AI. All we can do is keep training chatGPT and hope it can become stronger and stronger."

This statement is essentially meaningless; it's just empty talk.

Nvidia President Wang Wenxun was called out to speak.

Wang Wenxun said, "To be honest, Pangu AI has dealt a huge blow to us. If it becomes more and more powerful, our high-end chip production capacity will definitely be oversupplied, and our stock price will continue to fall. It's not impossible for us to lose trillions of dollars in market value. Fortunately, we now have a new product that can be launched. Let's stabilize our stock price first."

Presidents of investment banks such as Goldman Sachs were asked to speak and express their views.

What opinions could they possibly have? They could only say that from now on, we should be cautious about investing in the AI ​​field, and at least reduce our current investments by half to be safe.

But if they actually did that, it would mean they had completely given up, and the Bald Eagle's dream of re-industrializing would never be realized.

Two hundred years ago, industrialization lagged behind, but through hard work, it was still possible to catch up.

But in the AI ​​era, you can't catch up just by working hard; if you fall behind even a little, you'll fall behind forever.

Since we can't reach a conclusion through discussion, let's vent our emotions.

Poor Yang Chen was at home, sleeping with a girl in his arms, when he was insulted by these people.

"Damn Yang Chen, I fucking hate him!"

"We've put in so much effort, and he's ruined it all! Damn it, the more I think about it, the angrier I get. I really want to send an assassin to kill him!"

"We were just one step away from successfully upgrading our industry with AI, and then this bastard came up with this incredible thing called Pangu AI. God, why aren't you on our side?"

"Fuck! Fuck! You bunch of idiots! I called you here to find solutions for me, not to listen to you complain like nagging old women! My great immigrant nation, the beacon of human civilization, can't even find one person who can stand up to Yang Chen? What's the use of keeping so many useless people around?"

Since the boss has already broken down like this, everyone should just keep quiet and tacitly agree to stay silent.

While they were criticizing Yang Chen behind his back, the stock prices of companies like Nvidia fell again.

Wang Wenxun immediately called back to the company to announce the launch of their new product, the GB300, touted as the most powerful chip on Earth.

Wang Wenxun also arranged for a reporter to conduct a brief interview in the White House.

Facing the camera, Wang Wenxun said, "I think the idea that Pangu AI will reduce its demand for high-end chips is completely wrong. High-end chips will make Pangu AI perform better. This is because Pangu AI is good at reasoning, especially algorithms with multiple steps, which require hundreds of times more computing power than non-reasoning AI. I can say with certainty that Pangu AI will only increase its demand for high-end chips, not that it will not need high-end chips as advertised."

This sounds impressive, but it can only fool those who don't know the industry. AI professionals and investment banks will not be fooled by him.

Pangu AI doesn't really require much computing power; domestically produced chips from China are more than enough. Even if high-end chips are needed, Yang Chen still has 3-nanometer chip technology available.

After making these bluffing remarks, Wang Wenxun immediately asked the reporter to publish the interview.

Unfortunately, when the US stock market reported the results, Nvidia's stock price still fell by 4%, and its market value shrank by another 1500 billion US dollars. Including the 5900 billion lost yesterday, Nvidia's market value has dropped by 7400 billion US dollars in two days.

Wang Wenxun stared blankly at the company's stock price, so upset that he didn't even eat dinner.

As the saying goes, happiness doesn't disappear; it just transfers from one person to another.

The bald eagles were devastated, but the Chinese were jubilant.

The A-shares market has finally shown some resilience, no longer falling in tandem with the global market. It has risen for two consecutive days, with the AI ​​and semiconductor sectors showing particularly strong gains.

The first batch of customers who bought graphics cards and CPUs have received their goods and have tested and experienced the products.

Yang Chen never engages in false advertising. If anything is inaccurate, it's that he downplays the product's performance; he would never exaggerate it.

The first wave of users who bought the graphics card and CPU quickly provided test reports and their user experience.

For example, a Douyin (TikTok) blogger with over 700 million followers posted a video detailing his test data and user experience with Sihai graphics cards, CPUs, and Pangu AI.

"The game is over, really over! If nothing unexpected happens, and Mr. Yang's products are updated and replaced normally, Nvidia, Intel, OpenAI, and others will all be out of the running. SHXK01 and Chenxin 9—I swear to God, they are absolutely the most powerful graphics card and CPU on Earth, bar none! Pangu AI is also undoubtedly the most powerful AI model; its algorithm is too powerful, and it's free and open-source. At least in China, there are no other similar products that can compete with it. Nvidia and other chip companies are doomed; their demand for high-end chips won't be as high, and their stock prices will definitely plummet. Moreover, the emergence of Pangu AI can be said to have saved China's industrial system, and it's no exaggeration to say it has added at least 20 years of good fortune to China. I can't go into too much detail, so I'll just say this: Pangu AI directly shattered the bald eagle's dream of creating an AI industrial system, completely cutting off their possibility of re-industrialization. Think about what that means for yourselves."

(End of this chapter)