The group doesn't have much to spend this year.

Most of the money that should have been spent has been spent in the past year.

After all, in 2022, he cashed out all his Tesla shares, and it turned out that this move was quite correct.

Compared with Nvidia, Tesla's appreciation potential is still much lower.

As for Google, it is a long-term stable and healthy stock, and he will not cash out unless it is necessary.

Chen Pingsheng reorganized the important assets in his hands. After Tang Jing told him that the group would no longer recruit new members this year, many universities were quite disappointed.

In addition, Tencent Film Group has invested tens of billions of yuan to build a management college, and at the beginning of this year's school year, they would like to invite him to deliver an opening speech.

The main reason is that the first three-year term of the School of Management is about to end, and many of the first batch of students are about to graduate, but he, the founder and honorary president, has never attended a public speech.

I always feel that they don't take that side seriously enough.

Actually, it is not like that. The main reason is that there are too many places and occasions that want to invite him to give speeches. If he wants, he can speak from the beginning of the year to the end of the year.

This thing is quite prestigious for many people, but it is really meaningless to him.

With his status, he can tell the truth, but he cannot speak casually.

Just as he cannot tell outsiders now, the domestic market environment is no longer suitable for small capital entrepreneurship.

The couple can barely support their family through hard work and live a pretty good life.

But if you want to make a fortune, the hope is extremely slim.

Even the Dream Fund he established earlier no longer invests in small projects, but instead focuses on large enterprises or large projects.

At this time, encouraging entrepreneurship and encouraging others to endure hardships as a blessing is not inspirational, but being taken advantage of.

Whenever it comes to public speeches, Teacher Ma has always been the one who dares the most and is the best at speaking.

Just look at where he is now and you will know that he has almost disappeared from the country.

Throughout the year, countless economic conferences in Shanghai, including well-known university lectures, wanted to invite him to attend, but he always refused.

"Boss, the Planning Department would like to ask if we can hold the Lantern Festival Conference this year?"

"Let's do it, and it's better to make it lively."

Chen Pingsheng said: "The illness has just passed, no matter what, it's still a good thing."

Okay...Secretary Tang Jing has another important job to do.

A few days later, Chen Anan returned from Sichuan.

She brought back a lot of gifts this time and told her family about the strange things that happened during her trip.

Like the super cute giant pandas, Qingcheng Mountain, Taikoo Li and so on.

But Erpi Ya was so envious that he wanted to go to Sichuan immediately.

Time flies, and in the blink of an eye it is the Lantern Festival.

During this period, Chang Fu came once and was so angry that he beat his chest and stamped his feet.

He wanted to slap himself twice. He had no experience during Nvidia's low period.

After much hesitation, I ended up choosing a bunch of junk stocks, and now I’m in such a miserable state.

When the stock market is booming, everyone is a stock god; when the stock market is bad, everyone becomes a misfortune god.

Fortunately, Chen Pingsheng has been speculating in industrial stocks for a long time, and he never speculates in the short term, only in the long term.

Over the years, with the surge in new energy and the booming AI industry, he has made a fortune.

On the Lantern Festival, Tengying Group held its own Lantern Festival convention in Jinshan.

It’s not easy to be a boss these days. You also have to be responsible for singing for your employees.

Chen Pingsheng pulled several senior executives together and sang one line at a time. As long as there were enough people, they would definitely not be able to tell who was good and who was bad.

The marketing conference was extremely lively and served as an encouragement for the group to thrive again this year.

When the Lantern Festival was over, Chen Pingsheng sent Chen Anan to school. She was already in the second semester of her senior year.

The dormitory still had the same four girls as before. Chen Pingsheng drove a customized Passat specially made for girls and ran slowly behind a group of luxury cars.

On the way, he kept reminding the big brat, An An, you have to work hard.

If you don't work harder, you can only go to Harvard University.

The first year of high school is relatively easy, but the third year becomes stressful. Not only the students themselves are nervous, but also the countless parents who accompany their children to take the exam.

Many students suffer from depression, mainly in their senior year of high school.

To put it bluntly, it's stressful.

Chen Anan's ability to withstand pressure is extremely strong. Are you kidding me? She has been ranked third from the bottom for so many years. Do you think she got it for nothing?

Everything can defeat her, except grades.

After doing well in the exam, I held my head high and told everyone that I, Chen Anan, just didn't study before. But if I had wanted to study, it would have been easy for me to get into a 985 or 211 university.

Even if you don't do well in the exam, it won't be a problem to get into Peking University or Tsinghua University by practicing Mantis Boxing, and you can enter a famous university through the special talent channel.

Why do you think the major universities have so many special recruitment places? They just don’t say it clearly.

There is no such thing as no human relations.

Prestigious schools also rely on students' future performance to reap generous rewards. Who dares to say that being number one in the class will definitely be better than the worst rich second generation in the class in the future?

You go out to work, and I go out to inherit the family business. We are not on the same level.

So, where Chen Anan wants to go to college in the future depends mainly on herself. With her father's current strength, wherever she wants to go, the university there will quickly open its doors for her.

This is the influence from our parents.

When Chen Anan entered the school, she kept cheering herself up and made sure she could rely on herself.

Since I really can't rely on myself, it's not shameful to rely on my dad.

Erpi Ya has it easy. From childhood to adulthood, he has been bad at everything except his grades.

Her younger brother is more mediocre, neither good nor bad, and he is also very well behaved in class.

He neither brags about his family background nor feels special because of his achievements.

It doesn’t matter what score you get, as long as I can go and play with Su Xiaoxi.

After the three little ones in the family went to school, Chen Pingsheng also started to work seriously. Only when they came back would he ask them a few questions seriously.

The days are leisurely.

He has been busy building an AI R&D center in China and purchasing core AI-based data models, including core data, from abroad.

Because he is not short of money this year, his core technology field can be said to be developing extremely rapidly.

Whether it is Tengde Times, which has already been listed, or AI Artificial Intelligence, including Tengfei New Energy, which is seeking to go public, the progress is extremely fast.

AI is developing an artificial intelligence chatbot.

It can conduct voice interaction and text communication to help users make decisions, solve problems, and obtain information, including obtaining the most suitable shopping information.

This artificial intelligence can be downloaded to mobile phones and can also be used in new energy intelligent driving models.

At the same time, it is also developing its own chat robot, which is the kind of robot that can be placed at home to clean, take care of children, and do simple housework.

The application of AI can be said to be beyond imagination.

In the next ten years, all technology giants will anchor their entrepreneurial projects in this sector, including Chen Pingsheng himself.

He even wants to develop an AI smartphone.

All of this requires huge amounts of capital and cannot be completed in just one or two years.

Chen Pingsheng began to widely promote the core applications of AI across the country. He did all this naturally to recruit more talented mathematicians, including engineers, and strong talents in the field of AI.

Not only did he recruit people domestically, he also invested more than 30 billion yuan in Japan, South Korea, India, Canada, Singapore, etc., and established R&D centers around the world to recruit people to do this.

The earliest person to develop AI in China was none other than Baidu itself. It even recruited Lu Qi back then, with the core purpose of developing AI.

It's a pity that the investment in this thing is too huge, and there is no profit model in the early stage. It is completely a bottomless pit.

It is impossible to say exactly how much money is needed to make this happen.

In addition, companies including Apple, Google, Nvidia, Microsoft, Tesla, etc. are increasing their investment in this sector.

When competing with these companies, no one has the confidence to guarantee that they can occupy a place.

Having said that, no matter which technology conference in the world, AI will be defined as the core technology of the future.

But so far, no one has been able to clearly explain what AI is and how to make money.

If you just don't do this, no matter how great your product is now, it may be replaced by Nokia in the future just like Apple replaced Nokia.

The moment the building was about to collapse, you had no time to react at all.

In February alone, Chen Pingsheng attended a total of 19 technical conferences on the future development of AI.

It can be said that most of his time is spent on this section.

The continuous advancement of AI also means the continuous progress of his own new energy.

All of these complement each other.

It can be said that so far few people can clearly explain how technological innovations in the field of AI will be used in the future.

But there are some sectors that have indeed started to make money, and that is AI digital human live streaming.

This thing is just a small part of AI and does not require too much technology, but it can really make money immediately.

Tengfei AI has developed a large number of digital human models for use in Tengyou Media’s daily product promotion.

In the initial stage, this type of digital person can only carry out standard procedures according to set procedures to sell goods.

At an advanced stage, it can answer user questions and chat with users normally.

It can be said that developing such a digital human model does not take too much time and energy. With the AI ​​technology they have accumulated now, they can develop countless models within a day.

If ordinary people use it to make money, it is like having a robot working for you day and night.

It can be seen that if you master advanced AI technology, it is not difficult to make money.

Tengyou Media is originally a company with them. The reason why they use this digital human model to sell products is not only to promote AI technology, but also to collect more sales data.

To put it simply, AI is a kind of computing power. Whether it is chatting or selling goods, as long as you feed it enough data and models, it can continuously analyze and apply it like a super brain, and finally come up with a powerful computing power model.

It will completely replace the current general live streaming with goods, and even be comparable to the strongest live streaming with goods.

So the more this technology develops, the more terrifying it becomes.

No one knows what the final result will be, but everyone is trying their best to dig deeper into this aspect.

The 50 billion yuan that Chen Ping invested in AI years ago was almost gone in just three months.

Of course, the AI ​​team he owns has also become the largest AI project team in the country to date.

Major AI research and development centers are spread all over the world.

They even bought a lot of basic AI technologies and computing power models.

With his current investment, he is no match for Baidu, which was hesitant at the beginning.

The traditional field no longer poses any challenges to him. In addition to developing the best AI smart driving, the core of his next plan is to develop an AI smartphone.

It’s not really a case of subverting the existing mobile phone market, after all, Apple and Google have been doing this for a long time.

He just has to break into the existing mobile phone market, and AI is the best opportunity.

Otherwise, with his current investment, God knows how many years it will take to make a profit.

It is simply unrealistic to rely on AI digital people to live broadcast and make a small profit.

Apart from automobiles, mobile phones are the largest market in the world.

If you want to quickly break into the mobile phone market, the best way is to directly acquire a mobile phone company that has a certain global market share.

This will allow us to accumulate all the basic mobile phone patents needed in the early stages, including the market.

Chen Pingsheng is not in a hurry. He would not do this unless he is sure about the AI ​​sector.

The main reason is that the competition in the mobile phone market is already too fierce.

The existing domestic market has been almost divided up.

For at least ten years, there have been no new mobile phone brands, and the old ones are still maintaining the market.

Huawei and Apple are in the high-end market.

There are Xiaomi and Honor in the mid-to-low-end market, and blue and green giants such as OPPO and vivo in the sinking market.

This track is extremely crowded.

For the time being, we will focus on the AI ​​sector and wait until we gain certain advantages or advanced technologies.

In April 2023, the temperature rises.

When Chen Pingsheng put AI as the core strategic direction and invested 50 billion in it over a six-month period.

The listing of Tengfei New Energy is no longer a big problem. The main thing is that everyone is looking forward to it.

Just talking about car manufacturing, he is already the entrepreneur with the largest investment in the country.

Heavy investment has been made in core AI technology again, and accounting is carried out separately and independently.

This means that the financial report of the AI ​​sector will not affect Tengfei Auto.

But its technology can bring unlimited benefits to Tengfei New Energy.

To put it bluntly, the stock market is investing in expectations, whether it is Tengde's solid-state batteries or Tengfei's AI artificial intelligence, as long as one sector breaks through the core.

All of these can bring unlimited benefits to Tengfei Automobile.

Tengfei New Energy was listed on the Hong Kong Stock Exchange with a valuation of 400 billion yuan.

Chen Pingsheng personally diluted his shares by 49%, and at the same time distributed 30% of the shares to core management personnel including the R&D team.

Just the shares he personally diluted amounted to nearly 200 billion yuan in one go, but such a large amount of money could not offset the continuous investment over the past seven or eight years.

Of the 200 billion yuan cashed out, 50 billion yuan will also need to be left for Tengfei New Energy as future research and development funds.

This is also the last huge amount of R&D funds obtained by Tengfei New Energy.

In the future, it will basically rely on itself. Whether it is the current high-end Longteng S900, or P9, U5, D6, etc., they are all selling very well.

At least the domestic situation is really good.

Its sales volume has always been second only to Tesla.

If all the models were added together, the sales would have surpassed Tesla long ago.

The sales of a single model still cannot surpass Tesla's Model Y. This car is very popular in first-tier cities, especially in Jiangsu, Zhejiang and Shanghai, where it can be seen everywhere.

After he received the 150 billion yuan in funds, he gave 30 billion yuan of it to Tengfei AI.

The remaining 120 billion was all used to buy Microsoft during its slump.

At its peak, Microsoft's market value reached 2.5 trillion US dollars, and its annual net profit was almost 70 billion US dollars.

Due to last year's financial report not meeting expectations, net profit decreased by 12% year-on-year.

Microsoft's market value fell back to $1.65 trillion.

After spending 120 billion, he can only buy back 1% of the shares.

(End of this chapter)