The Libra coin's failure to catch up is not only due to its launch failure, but also to many external factors such as the global economic downturn.
If the transformation to the metaverse fails again, although it will not fundamentally damage the foundation, the future will be gone.
There are no more stories to tell in the capital market.
Facebook's scale will be limited to social media with global influence.
This is something Zuckerberg cannot accept.
Therefore, in order to counter the impact of brain-computer interface VR, Zuckerberg only has one option: Neuralink.
Facebook acquired more than 30 percent of Neuralink through a share swap plus cash.
It became the largest shareholder of Neuralink.
However, Musk remains Neuralink's largest individual shareholder.
He is also most optimistic about the future prospects of neuralink.
"If our technology can reach 80% of that of Kechuang Bio, I am confident that the gentlemen in Washington will shut Kechuang Bio out."
"Zhang, I believe in you, and I hope you won't let me down."
Previously, Neuralink's president and founder, Dr. Hodak, had been ousted from the company.
His progress could not satisfy Musk, and even the founder could face being ousted.
There are numerous cases, both domestically and internationally, of founders being ousted by investors.
Ali, a Chinese internet company, especially likes to do this: after investing, he sidelines the founding team.
Musk's first choice is Li Wanqing, who previously worked at Neuralink and then served as the R&D director at the Singapore R&D Center of Kechuang Bio.
Neuralink is essentially a research-oriented company, requiring a person in charge who is extremely knowledgeable about technology.
Therefore, Li Wanqing is Musk's top choice on his list.
Unfortunately, after the launch of brain-computer interface VR, Li Wanqing had no intention of returning to Neuralink.
Zhang Weimin, the vice president in charge of brain-computer interfaces at Kechuang Biotechnology, was the second choice on the final list and became the new president of Neuralink.
Musk's strategy of poaching talent from biotech companies is simple: to replicate their success.
Zhang Weimin is Cheng Gang's classmate and holds a doctorate in neuroscience. He was previously a professor at Massachusetts State University and was later invited by Cheng Gang to return to China to become the vice president of Kechuang Biotechnology.
Zhang Weimin was initially hesitant, but after learning that Cheng Gang was leaving, he decided to join Neuralink.
Neuralink paid over 20 million RMB in non-compete breach of contract fees for him.
To be honest, 20 million is nothing to Neuralink.
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