Chapter 227: Nuclear Weapons in the IT Industry (First Update)
"Tong Yongshan has made great contributions to econometrics in the fields of time series analysis and strong factor models, but it cannot be said that his academic achievements are the highest among Zhou-born econometricians."
“There are several living economists of Zhou descent whose academic achievements may be as great as or even higher than Tong Yongshan’s. Their research has had a profound impact on the development of econometrics:”
"1. Wang Ruzheng. Professor Wang Ruzheng is well-known for his work on nonlinear models. His development and promotion of nonlinear time series models have had a wide impact in academia and practical applications..."
"2. Li Mingsen. Professor Li Mingsen has made significant contributions to semiparametric and nonparametric methods. The econometric techniques he developed and applied are widely used to process complex relationships in economic data..."
"3. Professor Xu Guan. Professor Xu Guan is one of the leading authorities in panel data econometrics. His research on estimation and inference of panel data models and screening methods has laid a lot of foundation for the field..."
"4. Han Xiaolong. Professor Han Xiaolong has profound attainments in time series analysis and nonparametric methods. His research is..."
"5. Xiao Songyue..."
"6. Zhang Renyong..."
…
…
Tong Yongshan's face turned green when he saw the long list and introduction given by the Orange Model.
After receiving Zhang Xinnian's call, Tong Yongshan immediately contacted Fang Yu, who happened to be at Youzi Technology at the time.
When Tong Yongshan heard that Fang Yu was in the old computer room, he didn't let Fang Yu go to his laboratory. He scanned a shared bicycle and rode over.
Econometrics, mathematics, and computer science are all highly correlated. Although Tong Yongshan is not an artificial intelligence professional, his understanding of deep learning and artificial intelligence is no worse than that of ordinary computer researchers.
After he had a brief conversation with the Orange Model and tried to ask the artificial intelligence a few professional questions, he asked the Orange Model a question: Is Tong Yongshan's academic achievement currently the highest among Zhou-American economists?
This is the result.
The Orange Model lists seven or eight Zhou-born economists who it believes are at the same level as Tong Yongshan.
"This Orange is talking nonsense. Xu Guan and Han Xiaolong can only be considered second-tier at best. The ones after that are even more outrageous. Xiao Songyue and Zhang Renyong have both come out. Zhang Renyong is actually your second senior brother. He has made such great achievements, how come I don't know about it?" Tong Yongshan's face turned red with anger.
Fang Yu curled his lips. This old man is quite proud.
"Calm down, calm down. The Orange model has only been around for two months, and its parameters are only 3 billion. It's still like a child. Why are you competing with a child at your age?" Fang Yu handed Tong Yongshan a cup of coffee mixed with tranquilizing liquid.
The tranquilizing liquid is a zero-ring potion he recently prepared after finding the Chrysanthemum in the main plane.
The Chrisan chrysanthemum is a chrysanthemum variety unique to the main plane. Its root system is more developed than other chrysanthemums, and the color of its leaves is relatively darker. The flower diameter is mostly between 10-15 cm, and it is light purple with slightly curved waves on the edges. The flowering period can last for several weeks.
The fragrance of this flower has a slight calming effect, and the tranquilizing liquid with it as the main ingredient can help a person calm down quickly and enter the sage time.
Duration: 1 hour.
Fang Yu plans to promote this thing to the Nofap forum to help the brothers in the Nofap forum achieve their long-cherished wish.
Tong Yongshan took a sip of coffee and suddenly felt free from worldly desires.
I didn’t have many desires at this age, but now I’m calmer.
"Since Youzi Technology has indeed made such a big breakthrough in artificial intelligence, why haven't you looked for VCs yet? Lao Zhang said you rejected all VCs?" Tong Yongshan took another sip of coffee, his mind clear and his thinking calm.
Fang Yu was wearing flip-flops and shorts at the company, dangling his slippers. "Teacher, who asked you to talk about this? Cheng Yusi?"
Tong Yongshan took a sip of coffee and said, "Cheng Yusi found Xu Mingsheng from Xusheng, Xu Mingsheng found Lao Zhang, and Lao Zhang found me."
"However, I do think now is a good time to bring in VCs. Orange has just defeated AlphaGo, and raising funds at this time is the best option for PGMT. If the hype fades, we won't have such good conditions later."
"Furthermore, if you don't bring in VCs, these people will still invest in this industry. Do you know how many artificial intelligence companies have been established in Da Zhou in the past two days?"
"I used a crawler to do some research, and in the past two days, over 200 companies have announced that they are developing or are currently developing artificial intelligence."
Tong Yongshan tried to persuade Fang Yu earnestly. Fang Yu was his apprentice, so of course he hoped Fang Yu could succeed. He did not understand why Fang Yu rejected all VCs.
"I know you might not be short of money, so you don't want to give up too much profit in the early stages. However, VC can not only reduce your own financial risk, but also bring many other resources to Youzi Technology."
"Look at Panda TV a while ago. Even with Yida behind it, it also brought in VCs. Whether it's established giants like Tencent, Ali, and Qianxun, or upstarts like ByteDance, Maituan, and Momo, VCs played a significant role in the early stages."
“It’s safe to say that without VC, none of these companies would have been able to succeed.”
"Giving up a small portion of profit in exchange for a greater benefit, you haven't figured this out, have you?"
Fang Yu chuckled. "Teacher, what you said is true for any other company. But Yuzi Technology is different. Any VC won't be of much help to Yuzi Technology."
Tong Yongshan frowned in confusion: "Tell me what you think."
Fang Yu picked up the pad, swiped on it, and projected the screen onto the monitor on the height adjustable table: "If someone else asked, I might just deal with it, but since you asked, I'll be honest with you."
"What is the role of VC? For most startups, it's nothing more than risk sharing, strategic guidance, resource integration, credit endorsement, and additional services."
"Sharing the risk. Investing in Youzi Technology is pretty risk-free right now. You can make a profit anytime you want, so there's no need to share the risk."
"Strategic guidance? Honestly, these VCs probably don't even understand half as much about AI as I do. What guidance can they offer? They know absolutely nothing, yet they still love to use their investor status to dictate things and demand strategic explanations from entrepreneurs. Explanations are rubbish. They can invest or not."
"Additional services? That's pure bullshit. I can't do my own accounting? I can't find a good lawyer for legal services? I don't even need them for organizational development and talent recruitment. Wouldn't it be faster for me to just find people on GitHub and LinkedIn? I can write a new task for the Orange Big Model, and the person they found is much more suitable."
"As for the credit endorsement, this kind of endorsement is actually just a scam. There are so many companies that have been endorsed by them, but how many of them have actually come out on top?"
"Also, these people originally represent different interests. Even if they invest in you, they don't necessarily represent your interests. Sometimes, for their own strategic layout, they sacrifice the interests of the invested company. This kind of thing is not uncommon."
"Do you remember the Hundred Group War a while ago? How many group purchases did Ali and Tengxun invest in back then? In the end, most companies didn't receive the expected support, and were instead actively killed by them. Why? Because these companies were actually acquired by them as a protective measure, with the goal of protecting the two companies they actually supported."
"So, you see, VC is useless to Youzi Technology. It actually adds a lot of risk. Why bother?"
Tong Yongshan laughed. "Even if there are concerns, they should be those other AI companies that don't even have products. Youzi Technology's reputation has already risen. Any venture capitalist who can come in has no reason to abandon Youzi Technology and support other companies instead."
"Furthermore, you can't deny that if these VCs join you, not to mention that they can save you a lot of trouble. With them acting as a middleman, and with your first-mover advantage, any major domestic company is likely to reach a cooperation agreement with you, which will have a huge impact on Youzi Technology's future revenue."
"But if they switch to other AI companies, these companies may have some technological gaps compared to you now, but what about two or three months later? Six months later? A year later? These companies have customers and funding. Can Youzi Technology still maintain its lead?"
Fang Yu chuckled. "That's exactly what you said. What I just said is just my subjective negative opinion of these VCs. The main reason is that times and industries have changed, sir."
Times have changed, the industry has changed?
"This was indeed the case in the IT industry in the past, because everyone competed mainly on creativity, ideas, and business models, and there was basically no technological moat."
Fang Yu paused. "But the AI industry is different. AI relies on algorithms, computing power, and data. Even if other companies receive financial support, they can only solve the problem of computing power. As for algorithms and data, hehe."
Tong Yongshan's frown deepened. "You mean, Yuzi Technology is now absolutely technologically advanced? As far as I know, other companies haven't made as much progress as Yuzi Technology, but they're also moving very fast, right?"
"Not to mention Google, even Qianxun, judging by reports, their progress in artificial intelligence is not slow."
"If all VCs jointly boycott OUZI Technology, causing large companies to stop cooperating with OUZI Technology, the losses will be enormous."
Hearing Tong Yongshan say this, Fang Yu pointed to the Casio FX95 scientific calculator on the table that could calculate functions, and shook the pad in his hand.
"Let me put it this way, teacher. AlphaGo looks pretty powerful, right? If this iPad Pro is a large model of an orange, then this Casio FX95 is AlphaGo."
"And Chihiro, what she's come up with so far can only be considered a basic 12-digit calculator."
"Qianxun is still relatively good. Those small companies that claim to be working on artificial intelligence, to put it bluntly, are just putting a shell on an abacus and calling it a calculator."
!!!
Tong Yongshan almost spilled the coffee in his hand.
Is the gap really that big? Are you overconfident?
"If these large companies stop using the Orange Model API because of the VC boycott of Yuzi Technology, it won't be long before its competitors make it no longer have to worry about being a large company."
"If JD.com, which also does online shopping, had used the Orange large model, it could have saved at least 30% in costs and improved its response efficiency by 50%, would Taobao still be able to beat JD.com?"
"The same is true for other industries, whether it's the internet or traditional manufacturing, the continuous evolution of the Orange model can empower each industry. Using it or not means completely different market competitiveness."
"Teacher, this is involution, this is an arms race."
"The Orange model is the nuclear weapon of the current IT industry. If others use it and you don't, you will only fail in the competition!"
“So, teacher, times have changed.”
Ask for a monthly ticket!
(End of this chapter)
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