Reaching the age of thirty, my income randomly doubled-Chapter 885 - 667 The Xiangjiang Conference and Vacation_2

There are quite a few patent trolls overseas.

For his AI technology to develop rapidly, the fastest way is to invest heavily in acquiring more foundational patents from overseas, to avoid being completely defenseless when expanding internationally.

Without a doubt, this step needs to be taken immediately.

Whether it’s Tengfei New Energy going public, cashing out on Google shares, or even NVIDIA in 2023.

It all means he won’t be short on money. Given this, he plans to allocate 50 billion to completely refine foundational technology in the AI sector and acquire some cutting-edge technologies.

To ensure Tengfei AI can deliver groundbreaking innovations around 2025.

It’s not an easy task. After three days of meetings and discussions.

Domestic investments were barely discussed. The main reason is that the current domestic situation is not very conducive to heavy investments.

The golden era has passed; the next five to ten years will be focused primarily on preserving what’s already established.

Chen Pingsheng himself is concentrating his major investments on overseas markets.

Domestically, the focus remains on areas like new energy vehicles, including AI technology and solid-state battery research.

Actually, AI also encompasses healthcare. In the future, AI might even diagnose illnesses for people.

Possibly surpassing the expertise of an average doctor. Don’t dismiss this as exaggerated—it’s a development trend for AI.

The industries it will disrupt aren’t limited to assembly-line workers.

Many professional fields, like painting, anime production, sketching, driving, and diagnosing illnesses, will also be affected.

One might say that anything is possible.

If it doesn’t have particularly significant application scenarios, it wouldn’t be defined as the core technology of the future industrial chain.

Apple gave up on car manufacturing because it realized the ultimate endpoint of car manufacturing is AI.

Given this, why wouldn’t it fully commit to developing AI?

This is also why Chen Pingsheng plans to increase investments in the AI sector.

He does have money, though certainly not as much as Apple.

In 2022, Apple Company’s annual net profit reached 99.8 billion US Dollars.

It’s hard to comprehend how anyone could claim Apple is declining; such profits are far beyond the imagination of most people.

Admittedly, Chen Pingsheng himself is betting big.

When it comes to competition in the new energy sector, Tesla is the strongest rival.

But AI is different; it gathers the world’s top-tier tech giants.

Including NVIDIA, Google, Apple, Microsoft—none of these giants are easy to deal with.

Even spending 50 billion a year seems substantial, but it’s only one-fifteenth of Apple’s annual profit.

The disparity is staggering.

Beyond investing 30 billion overseas and injecting 50 billion into the AI sector, other areas don’t require much additional funding from him.

The future’s core competitive fields are still in technology.

This isn’t a short-term venture; whether AI can truly succeed remains entirely unpredictable.

After all, AI touches far too many sectors, ranging from various robots and artificial intelligence to something as niche as writing web novels, creating potential for disruptive innovation.

An ordinary web novel author can write five to six thousand words a day, but AI is different—it can leverage massive analytics and computing power to produce hundreds of thousands or even millions of words in an hour.

All that’s needed is to continually provide its basic story framework and models.

If this thing truly reaches its peak development, it’s hard to say whether it’s good or bad.

But one thing is certain—it will replace countless industries.

The next-generation core technology for mobile phones is AI-integrated phones, showing just how extensive its applications can be.

The decision to invest 50 billion also involves establishing several AI research centers in developed countries overseas.

Whether it succeeds or not, he still needs to grasp the trend of the next era.

After the meeting ended, Chen An’an wrote down quite a few notes.

In her understanding, large-scale business operations always revolve around trends.

To make big money, one must look five or even ten years into the future with investment plans.

In both business and investments, the underlying principle is always buying low and selling high.

Technology, however, is different—it requires initial investments, identifying a promising point, and then pooling all human, material, and financial resources to tackle and overcome monumental challenges one by one.

This timeframe could be three years, or even five or ten years. free𝑤ebnovel.com

To reap benefits, one must first invest and endure the pressure.

If successful, the profits are immense.

If unsuccessful, the losses are total.

At her family’s level, it’s still essential to maintain a strong domestic foothold while directing attention toward global opportunities.

Xiangjiang represents the pinnacle of land lease economics, with housing prices ranked highest globally.

The key industries have consistently been finance, trade, real estate, and tourism.

Even with such development, you won’t see any traces of manufacturing or technological industries.

It’s another kind of peak, so to speak.

Her family didn’t stay in Xiangjiang for too long. After wrapping up this global shareholders’ meeting, they returned to Magic City.

Due to three years of the pandemic, Tengying Group had even skipped its annual company events; year-end bonuses were directly deposited onto cards.

Now that the pandemic has just ended, it’s a chance to celebrate.

Before the holidays, the group organized its 2022 Annual Summary Conference in Golden Mountain.

Their annual event was quite lively, a gathering of stars and big names.

The Golden Mountain headquarters alone had seventy to eighty thousand employees, and with overseas staff and high-ranking individuals coming from various locations.

Attendance easily started at eighty to ninety thousand.

Typical venues couldn’t accommodate this many people; it required the largest stadiums available.

This year’s event was anything but superficial. Chen Pingsheng began by announcing several major decisions onstage.

First, they celebrated the end of the pandemic. Second, he warned everyone that the post-pandemic era could be even more challenging than before.

Additionally, he disclosed certain figures from the group’s financial report and 2022 revenue.

Even without calculating every sector, it was clear they remained the most financially robust private enterprise domestically.

Cash reserves continue to lead the industry.

Thanks to the successful IPO of Tengde Era, Tengying Group’s 2022 year-end bonus reached 6 billion.

This excludes separate bonuses from the group’s dividends, making it extraordinarily substantial.

It serves as a reward for the incredible achievements made over the past year.

From the start, Tengying Group has never encouraged a "hardship mentality," but it absolutely recognizes employees’ dedication.

For those who give their all, work hard, and treat the company as their own, Chen Pingsheng wouldn’t let them down.

He’d use generous financial incentives to meet their economic needs.

This beats mere superficial commendations or empty promises by far.

After all, anyone who works does so for financial gain—there must be returns for effort; that’s the norm.

After the annual conference ended, their family began deciding where to spend the New Year.

Er Piya didn’t want to return to Wangcai Village; no matter how big the countryside is, it’s still the countryside.

She grew up in big cities and got accustomed to the urban bustle. Returning to the countryside feels less enjoyable.

Chen An’an, on the other hand, felt indifferent. Staying in Magic City or going back for a few days was fine.

After much discussion, they decided to wait until next year to return, opting to stay in Magic City this year.

Anyway, her younger sister Chen Qi’s family was also staying in Magic City, while their eldest sister had already gone back early.

For Er Piya, her winter break was quite carefree—she even emulated her dad.

Handing out New Year’s red envelopes to her team and encouraging them to return to work early after the holiday.

Their company offered 15 days for the New Year holiday, starting before the traditional celebration.

Without the company’s attentive care, she wasn’t exactly one of the three major executives anymore.

She transformed into a typical ten-year-old princess.

Each day, her plans for fun were flawlessly mapped out.

If not fishing out at sea aboard their mega yacht, she’d be browsing large malls for trendy new arrivals.

Even when she was home, she couldn’t stay still and would roam around.

Chen Lu kept it simple, quietly sending people to find Su Xiaoxi and then meeting up with her to hang out.

The only exception was Chen An’an, who unusually called up two female classmates before the New Year.

She planned a self-guided adventure.

What did this entail?

Three girls with seven to eight bodyguards, traveling to remote areas in the country to explore.

Clearly, the daughter had grown up, now wanting her own travel experience.

Chen Pingsheng didn’t stop her, only advising them to be cautious while out.

The country was still very safe as long as they didn’t wander beyond the borders.