Reborn in 08, Public Enemy of Competitors

Chapter 71 Lingfeng Quantitative Analysis: Laying Out AI

"President Shen."

Liang Wenfeng never expected that Shen Mo would be the one interviewing him.

"Please sit down."

Shen Mo raised his hand to press it down, looking him up and down.

Liang Wenfeng was also secretly observing; Shen Mo's name had been circulating quite a bit on the Zhejiang University campus lately.

"I've reviewed your resume. You're a master's student in Information and Communication Engineering at Zhejiang University, and you won first prize in the National Electronic Design Contest..."

Shen Mo smiled and said, "If you want to work part-time at our YiTao GO, would you be willing to stay after graduation?"

"I haven't considered it yet."

Liang Wenfeng adjusted his glasses. "I still have a few projects to work on right now."

Shen Mo asked with interest, "Tell me more about the specifics. What kind of project is it?"

Liang Wenfeng also did not hide the fact that he used machine learning and mathematical models to make automated investments and let artificial intelligence quantify transactions.

"Your idea..."

Shen Mo raised an eyebrow.

These days, domestic retail investors either draw candlestick charts and play the technical analysis game, or they seek out insider information and try to understand policy trends when investing in stocks.

He thought of playing "ruthless" quantitative trading as early as 08. No wonder he can turn 8 yuan into hundreds of millions of yuan!

"Isn't that a bit crazy?"

Liang Wenfeng didn't take it to heart; it wasn't the first time his project had been questioned, and he was already used to it.

"No, it was just a bit of a surprise."

Shen Mo waved his hand, "Being half a step ahead is genius, being a full step ahead is madness. Your idea of AI quantitative trading is very advanced."

Liang Wenfeng said, "Domestically, it may be ahead of its time, but abroad, especially Wall Street hedge funds, are moving towards quantitative strategies."

"However, the A-shares market is currently in a slump, and the national team's several attempts to rescue it have failed to revive it."

Shen Mo asked, "Are you really going to do quantitative trading right now in this bear market with its liquidity dried up and prices falling in one direction?"

"Precisely because it is a bear market, it is the best time to do quantitative trading."

Liang Wenfeng made a surprising statement: "Mathematical models and machine learning need massive amounts of data to feed them. I plan to take advantage of the stock market downturn to collect and accumulate more market data, financial data, and macroeconomic data."

"Given enough data, machines can always learn patterns."

"If it survives the extremely harsh environment of the global financial crisis, it is enough to prove that the algorithm's fault tolerance has been honed to the extreme."

"You're right. Making money in a bull market isn't a skill, but being able to make money in a bear market definitely takes real ability."

A slight smile appeared on Shen Mo's lips.

Liang Wenfeng nodded. "Currently, my project is not aimed at making a profit, but focuses on model training."

Shen Mo asked, "How much are you planning to invest in model training?"

Money gives heroes courage. Liang Wenfeng crossed his arms and said helplessly, "Around 4."

"This amount of money probably isn't enough, is it?"

Shen Mo said, "So that's why you came to work part-time at our YiTao GO to earn research and development funds?"

Liang Wenfeng grinned, remaining silent, which was taken as tacit agreement.

"Even if you work like this for a year or two, how many graphics cards could you afford?"

Shen Mo said, "How about this, you join Lingyun Technology, and I'll set up a separate project team for you. The initial funding will be 100 million yuan as research funding to purchase servers, computing cards, etc..."

"You want to invest in me?"

Liang Wenfeng was quite surprised.

"If the project progresses as I expect, I will continue to invest more."

Shen Mo nodded and said, "Of course, your share won't be less either; you can contribute your expertise as equity."

Liang Wenfeng was taken aback. "You trust me that much?"

"I trust not only you, but also my own judgment!"

Shen Mo smiled and said, "I don't know if you've heard of Fei-Fei Li in the US, who launched the ImageNet project, collecting images from the internet for machine learning and training artificial intelligence?"

Liang Wenfeng's pupils contracted slightly, utterly shocked.

"I believe that in the future, computing power and algorithms will become an indispensable part of the Internet, just like hardware and software."

"In the future, AI will not only be applied to finance and quantitative trading, but also to film, literature, computer science and other fields."

"So when I invest in you, I'm also investing in a possibility for my own future."

Shen Mo said, "Liang Wenfeng, I have high hopes for you and your project, so please don't reject my sincerity."

"I don't seem to have any reason to refuse."

Liang Wenfeng was overwhelmed with emotion, both surprised and delighted.

This is impressive!

Such ambition!

What a vision!

They're both young people in their early twenties, so why is there such a big difference in how they behave?

………………

As expected, Liang Wenfeng, who was short of money, agreed to join Lingyun Technology and accept Shen Mo's cooperation and investment.

Shen Mo didn't put him in the startup park, but instead rented an office near Zhejiang University.

By branding the company as "Lingfeng Quantitative," Liang Wenfeng's team can focus on research and development, gaining full autonomy.

In addition, Palmgames has successfully recruited a group of talents who understand game overseas expansion through social recruitment and campus recruitment.

Just as the total number of users of "Everyday Farm" exceeded 5000 million, "Everyday Ranch" was launched.

Planting vegetables and raising livestock, with gameplay layered upon gameplay, is like adding fuel to the fire, further boosting the popularity of the vegetable-stealing game!

Gao Shaofei slapped his forehead. "How could I not have thought of that! How could I not have thought of linking vegetable growing with animal husbandry!"

"What's the panic? Take your team to develop it right away and try to launch our 'Happy Ranch' within three weeks."

Chen Cheng's face darkened.

"No, the case where Zhang Le sued us for copyright infringement is about to have its first trial."

Gao Shaofei said, "With our company's current size, it's simply impossible for us to balance R&D, operations, and litigation."

"Damn it! Shen Mo is so despicable!"

Chen Cheng slammed his fist on the table. "They could have let their products speak for themselves honestly, but instead they deliberately used litigation to disgust us and drag us down."

Just as everyone was getting angry and anxious, "Everyday Farm" and "Everyday Ranch" simultaneously popped up "Double Twelve" special event pop-ups.

With promotions layered upon promotions, rebates, discounts, and group buying offered one after another, like a series of punches, YiTaoGO's traffic has reached a new peak.

"Bro, are we hijacking YiTaoGO's PID this time too?"

Lin Xiangnan stared at the computer screen, his tone revealing a hint of worry.

"nonsense!"

Lin Xiangdong, with a cigarette dangling from his lips, said, "The New Year is just around the corner, and I'm counting on getting another discount from YiTaoGO so I can go home for the holidays."

Lin Xiangnan said, "But it seems that YiTaoGO has noticed us. The cloned website was shut down, and Ali Mama also froze our PID account. Luckily, we withdrew 10 yuan before, otherwise all our work would have been for nothing."

"What's there to be afraid of? Let's finish this last job and enjoy a comfortable and prosperous New Year."

Lin Xiangdong scoffed, "Next year, we'll try to squeeze commissions from cashback websites and rebate websites. They're much easier to exploit than YiTao GO. We can earn at least three to five hundred thousand a year."

"Okay!"

Lin Xiangnan was happily calculating the accounts in his mind when suddenly there was a rapid knocking on the door.

Who is it?

"Checking the water meter."

The person outside replied, and it didn't sound like there was a problem.

"Hey, the meter reader, you're here."

Lin Xiangnan put the mouse down and got up to open the door.

"The water meter is outside, what are you checking here for!"

Lin Xiangdong realized something was wrong and tried to stop it, but it was too late.

The door had barely opened a crack when it was violently pushed open, and several figures burst in.

"Don't move, police!"

"Police! Hands behind your head, squat down!"