Chapter 394 Promotion (4632)
With the BBC's "reverse assist", Robert Lee could only blame himself for his bad luck, and at the same time asked Qianxun's public relations team to urgently issue a statement in response to the BBC.
But none of these could prevent Qianxun from having to be shut down for inspection.
Four hours after Qianxun's "content management" failed, Qianxun shut down its server for inspection again.
Although the continuous major failures made more people pessimistic about Chihiro's future, no one thought that Chihiro would really be finished.
Even Robert Lee himself didn't think so.
As long as she can get through this period, Chihiro will definitely return to normal!
Robert Lee kept encouraging himself.
He encouraged himself, but it made Rainstock and Jason Hawthorne very angry.
That's three billion dollars! Three billion dollars!
Enough to bring about positive changes in a medium-sized country!
It can at least incite members of Congress to siege Congress ten times.
The funds from BlackRock just arrived and you shut down the system. What exactly do you want to do?
If Qianxun still can't restore access when the stock opens in the evening, how low will the stock price fall?
But the problem was that any pressure on Robert Lee was now futile; it was clearly a case of force majeure. If Qianxun wanted to restore access, she would either have to fix the problem or, like Google, withdraw from the Great Zhou.
The question is, outside of the Great Zhou Dynasty, is there anyone who still uses Qianxun?
There was no other way, so Rainstock and Jason Hawthorne had to contact Goldstein as soon as possible to see what to do next.
This is the first time that BlackRock's alternative investment business has encountered such a blunder.
Why does a business that was originally able to make money and suppress the development of Youzi Technology suddenly seem to be losing money?
"Based on multiple public reports and combined with data within the Aladdin system, and given that they have never released a complete investigation report or notification of the cause of the outage, Woking Systems believes this transaction presents systemic risks, and there is a high probability that Qianxun will experience a similar outage as the previous one. Based on the business department's request, I have approved this report, but I still hope that the business department will treat this risk with caution."
Jason Hawthorne suddenly remembered the approval opinion given by the woman named Jane from Da Zhou in the OA system.
Could it be that this woman really said it?
Why do I always have a feeling that a storm is about to come?
——
Boom!
There was a flash of lightning in the sky, and a bolt of lightning struck the lightning rod in Manhattan's Park Avenue Plaza, and the heavy rain that seemed to have been held back for two days came pouring down.
Manhattan Park Avenue Plaza has a history of more than 30 years and is one of the more famous skyscrapers in Manhattan. BlackRock rents 12 floors here, with a total office space of 70,000 square meters.
"Boss, now that the investment decision has taken effect, any foresight is meaningless. Moreover, according to traditional risk models, this is indeed a good deal."
In response to Robert Capito's praise, Jiang Nanzhen simply tied up her hair, spoke softly, and then did not express any opinions.
Goldstein glanced at Jiang Nanzhen with a cold face. He was a little surprised that this woman didn't say anything like "I have reminded your business department before".
"Only a business that doesn't lose money is a good business, but I think it's worth it to exchange a losing business for a clear-headed talent." Robert Capito subconsciously covered the wedding ring on his left ring finger with his right hand, gently turning it and giving Jiang Nanzhen an encouraging and charming smile.
On the one hand, moving one's body and mind is one thing, but on the other hand, for wealthy people at the level of Robert Capito and Larry Fink, every move they make has been designed and trained by their image packaging team.
Therefore, Robert Capito is still very confident about his smile.
"Boss, this is just an isolated incident," Goldstein said solemnly. "For a company of Qianxun's size, there's no such thing as an unsolvable technical problem. This doesn't mean anything."
Hearing Goldstein's words, Robert Capito's eyebrows twitched twice.
"Because it's a large company, this kind of problem, which has already occurred twice, is more difficult to solve."
BlackRock's chief technology officer, Derek Stein, took off his glasses, rubbed his Jingming acupoint, put them back on, and looked at the frowning Goldstein.
"According to the real-time information sent back by Synopsys, as expected, Qianxun also has the 'code pile' problem, making it extremely difficult to review. Furthermore, from their professional perspective, they haven't found the exact cause of the failure of the 'content management' mechanism."
Synopsys is also a Nasdaq-listed company that has been established for more than 30 years and is considered one of the infrastructures of the global IT industry.
In addition to code security and quality review services, Synopsys is also a leader in electronic design EDA and semiconductor intellectual property, with branches all over the world, and Da Zhou is no exception.
This time, BlackRock hired the Synopsys Dazhou Security Review Team to conduct an emergency third-party code review on Qianxun.
Originally, Robert Lee did not want to agree, but under BlackRock's threat of "failure to disclose key matters during the financing process", he had no choice but to allow Synopsys's people to enter the site.
"This shows that the fault is hidden very deeply." Facing the frowning Goldstein, Derickstein sighed.
"Qianxun's search results page handles billions of page views daily, involving numerous product lines and downstream modules. On the front-end alone, over 30,000 lines of code are changed each month, with over 100 developers collaborating on the same codebase."
"Under these circumstances, I don't think Qianxun will be able to find and fix this bug in the short term, so we still need to have a contingency plan for Qianxun downtime of more than three days or even longer. Oh, today is already the third day, and in one more day, it will be the fourth. The last time Qianxun had a similar problem, it took four days to fix it. If this time it exceeds four days..."
Derek Stein didn't say anything more, but everyone knew what he meant.
If Qianxun can eliminate the fault and restore access within four days, and no similar problems occur in the following months, Qianxun's stock price will still recover.
Now, although Qianxun's market value has received 3 billion US dollars in strategic financing, it is still falling all the way. It has fallen by 7.5% in four days, and its market value is less than 22 billion US dollars.
Although BlackRock invested in Qianxun to contain Youzi Technology and Ysou, it does not mean that they are willing to do a losing business.
And this is 3 billion Malaysian dollars!
Although BlackRock manages $5 trillion in assets, they themselves are investing investors' money. If they suffer losses, the performance of their alternative investment department will decline, which will in turn affect their ETF and fixed income departments, which would have a huge impact.
If Qianxun’s crisis continues to ferment, it may also trigger the market’s overall concerns about the growth stability of technology companies, thereby affecting related ETF products and other investment portfolios.
In modern financial society, a single move can affect the entire financial system. The CDO explosion during the subprime mortgage crisis was caused by the default of tens of millions of dollars in MBS debt.
Before the Alcatraz incident, the Federal Reserve was in a cycle of raising interest rates. Under such economic conditions, Qianxun's problems would not trigger systemic financial risks.
However, if this investment in Qianxun results in a relatively large loss, it is inevitable that BlackRock's profits this year will plummet and investor confidence will be affected, leading to a decline in the scale of assets under management.
"This may not be a bad thing." Robert Capito's eyes flashed as he looked at Goldstein and Derek Stein, then glanced at Jiang Nanzhen seemingly casually.
"I heard that the Woking system successfully predicted Qianxun's outage this time, Jane. Is that true? That's really surprising. Could you share some relevant information with us?"
Robert Capito spoke in a calm tone, and each word was pronounced clearly.
Goldstein frowned slightly.
He knew that Robert Capito was very interested in the Woking system, and he also admitted that the Woking system based on the large artificial intelligence model was definitely more advanced than the Aladdin system from a technical point of view, but now that everyone was making large models, he preferred to do it himself rather than acquire it.
At least, the company should not acquire products from a Dazhou company, especially when this company has an unclear relationship with Youzi Technology.
Maybe it was intuition or something, but he always couldn't muster any good feelings towards the company Yuzi Technology. He vaguely felt that the company was very strange and didn't seem like a normal business company at all, but had other purposes.
And the purpose is very disadvantageous to them.
But he couldn't stop Robert Capito. After all, the core of the Aladdin system itself came from Black Rock and Merrill Lynch. In the modern business society, no company's products are developed from scratch.
Even Apple, which likes to do everything on its own, used UNIX to rebuild MacOS after Steve Jobs returned more than ten years ago. This is a very normal thing.
He was well aware that not only Robert Capito but also other executive committee members did not take his vigilance seriously. After all, for them, there was no reason not to acquire a system that could expand the scale of assets under management for BlackRock.
After all, this can save a lot of development time and reduce financial risks.
Every major upgrade of a system like Aladdin may require hundreds of millions or even billions of dollars in expenditure and two to three years of research and development.
If you can save these two to three years at some cost, not to mention how much money you save, the sooner you enter the market, the more money you will make.
Moreover, Chihiro's situation is still unclear, and this woman successfully predicted Chihiro's crisis, which slapped him in the face. At this time, the boss praised this woman from Da Zhou and showed interest in the Woking system, and he really had no position to refute it.
Hearing Robert Capito's words, Jiang Nanzhen lowered her head and smiled a bit embarrassedly. "As one of the developers, according to the agreement between me and the 404 Foundation, although I no longer have the administrator account for the Woking system, I still retain the user account for the Woking system."
"So I had Woking conduct a comprehensive analysis of Qianxun's current public reports and some internal data from the Aladdin system. Woking concluded that Qianxun's response to the media didn't conform to the typical approach to media public relations after a crisis is resolved."
"In the accident cause analysis and investigation report submitted to the Yi'an Prefecture of the Great Zhou Dynasty, the Woking system found thirty-two unreasonable or erroneous points."
"The Woking system uses natural language processing to analyze the wording deviations, logical inconsistencies, and timeline mismatches in the accident reports."
"Combined with the comments made online by the original security team after they left, and combined with Qianxun's historical data recorded in the Aladdin system, the Woking system predicted an unresolved rate of 88.75%."
Jiang Nanzhen seemed a little nervous and whispered, "I just told everyone the deduction results of the Woking system. This is not my personal ability."
"No matter how good the F-35 is, it still needs good pilots to fly it. Besides, you're the one who built it, hahaha." Robert Capito laughed heartily. "You people of the Great Zhou believe that modesty is a virtue, but this is Mai Country. You'll suffer if you behave this way."
When Robert Capito said this, almost everyone at the scene looked at him sideways.
In the workplace, understanding the thoughts of those in higher positions is the most important skill.
As the second-in-command of BlackRock, Robert Capito naturally has countless people trying to figure out what he's thinking.
His expressions, his mannerisms, his idioms... almost every subtle movement and expression will be magnified and analyzed below.
Robert Capito had never been so humane to anyone before.
Unlike the cheerful, stubborn and charismatic Larry Fink, Robert Capito is quiet, rigorous and almost as demanding as a machine.
For example, since the establishment of BlackRock, Robert Capito has stipulated that management meetings must be held at 8:00 a.m. every day without fail.
This means that this group of Wall Street elites with annual incomes of over one million dollars may just return to their homes in Scarsdale from a nightclub in Manhattan at 2 a.m., and have to take the train to work in Manhattan at 6:30 a.m.
Robert Capito himself set an example by replying to work emails as soon as the anesthesia wore off on the day after his cancer surgery.
You can imagine how miserable it is to work under a boss like this.
It’s not so bad for grassroots employees. They may not meet bigwigs like Robert Capito a few times a year because there are several layers of management in between.
But these executives are different. Each of them has been trained beyond recognition by Robert Capito and knows him very well. They have never seen this vampire so humane.
Boss's new celebrity is born!
However, no one doubted what Robert Capito thought of Jiang Nanzhen. After all, Capito's image as a cold-blooded vampire was too profound.
In addition, Robert Capito had previously discussed with Larry Fink and other members of the Executive Committee the idea of acquiring the 404 Fund, and had also briefly outlined his plan to use Jane, who had jumped from 404 to BlackRock, to achieve this goal.
Most people present believed that Robert Capito was trying to win people's hearts and minds. When the time was right, he would use this woman as the "link" between BlackRock and the small company 404, and bring it under his control at a lower cost and in a safer way.
This is actually a common method used in acquisitions. When there is an intention to acquire, either a senior executive is sent to the target company to find out the situation, or a senior executive is poached from the other party.
But even so, it is still a rare thing to get Robert Capito to give such a humane performance.
It seems that Boss really admires this woman.
"Boss, based on Jane's performance this time, I think we can let her take on some more important responsibilities." Chief Risk Officer Dr. Bennett Golub said seriously.
"I'm still short of a Director responsible for fixed income risk management. I think Jane's performance is qualified for this position."
Robert Capito glanced at Bennett Golub with appreciation. "I agree, Ben, but don't even think about it for now. I've already appointed Jane as Director of DEI Development, reporting directly to me. As you know, our ESG promotion plan has encountered significant resistance recently, and we need someone with Jane's background to help us achieve our goals."
After saying that, Robert Capito led the applause and then extended his hand to Jiang Nanzhen: "Jane, congratulations. I believe that in a higher position, you can achieve even better results."
Jiang Nanzhen had an expression of inexplicable surprise and yet also anxiety. She bit her lip and covered her mouth for five seconds before she gently held Robert Capito's hand as if she had just reacted.
As soon as Robert Capito touched Jiang Nanzhen's fingers, his heart felt like it was electrocuted, and the emotions surging in his chest seemed to be about to burst out.
"Thank you, thank you everyone." Jiang Nanzhen's blushing face was like the sunset in the sky.
Enter the Executive Committee in three months? With two months left, it seems I need to advance two levels in a row to complete my master's mission.
(End of this chapter)
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