I am the only one who practices magic: I practice magic in the city

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-American econometricians."

"There are several living Zhou-born economists who may be as famous as Tong Yongshan or even higher in academic achievement. 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. The nonlinear time series models he developed and promoted have had a wide impact in both 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 deal with complex relationships in economic data..."

"3. Xu Guan, Professor Xu Guan is one of the authorities in panel data econometrics. His research on estimation and inference of panel data models and screening methods has laid a lot of foundations in this field..."

"4. Han Xiaolong. Professor Han Xiaolong has profound attainments in time series analysis and non-parametric methods. His research is in..."

"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 that 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 now the highest among Zhou-American economists?

The result is this.

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 who came later 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 was so angry that his face turned red.

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 30 billion, which is equivalent to 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 that he recently mixed after finding the Chrysanthemum in the main plane.

The Chrysanthemum is a chrysanthemum variety unique to the main plane. Its root system is more developed than that of other chrysanthemums, and the color of its leaves is relatively darker. The diameter of the flowers is mostly between 10-15 cm, and they are light purple with slightly wavy edges. The flowering period can last for several weeks.

The fragrance of this flower has a slight calming effect, and the calming liquid with it as the main ingredient can help a person quickly calm down and enter sage time.

Duration 1 hours.

Fang Yu plans to promote this thing to the Nofap Forum to help the Nofap Forum brothers achieve their long-cherished wish.

Tong Yongshan took a sip of coffee and suddenly felt that he had no worldly desires.

I didn’t have much desire 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 that you have rejected all VCs?" Tong Yongshan took another sip of coffee, his mind clear and his thinking calm.

Fang Yu was wearing big shorts and flip-flops in the company, swinging his slippers: "Teacher, who asked you to talk about Xiang? 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 introduce VCs. Orange has just defeated AlphaGo, and it is a profit-maximizing choice for Graphene Technology to raise funds at this time. If this enthusiasm passes, there will not be such good conditions in the future."

"Moreover, if you never introduce VCs, these people will still invest money in this industry. Do you know how many artificial intelligence companies Da Zhou has established in the past two days?"

"I used a crawler to search and found that in the past two days, more than 200 companies have announced that they will develop or are developing artificial intelligence."

Tong Yongshan tried his best to persuade Fang Yu. Fang Yu was his apprentice and he certainly hoped that Fang Yu could succeed. He did not understand why Fang Yu rejected all VCs.

“I know you may not be short of money, so you don’t want to give up too much profit in the early stage, but 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 though Yida was behind it, it also introduced VCs. Whether it was old giants like Tencent, Ali, and Qianxun, or new upstarts like ByteDance, Maituan, and Momo, the VCs behind them played a big role in the early stages."

"It can be said that without VC, none of these companies would have been able to succeed." "Giving up a small part of the profits in order to gain a greater profit, you can't have thought this through, right?"

Fang Yu laughed and said, "Teacher, what you said is right for any other company. But Yuzi Technology is different. Any VC will not 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 lift 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 is nothing more than sharing risks, providing strategic guidance, integrating resources, providing credit endorsement, and providing additional services.”

"Sharing the risk. Now there is no risk in investing in Yuzi Technology. You can make a profit anytime you want. There is no need to share the risk at all."

“Strategic guidance? To be honest, these venture capitalists may not understand AI half as well as I do. What guidance can they give? They know nothing and like to use their status as investors to point fingers and ask entrepreneurs to explain various strategies. Explanations are bullshit. They can invest or not.”

"Additional services, this is pure nonsense. I can't do accounting myself? I can't find a good lawyer for legal services? I don't need them for organizational construction and talent introduction. Wouldn't it be faster for me to find people directly 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, in fact, this kind of endorsement is also a scam. There are many companies that have been endorsed by them, but how many of them have really come out of it?"

"Also, these people originally represent different interests. Even if they invest in you, they don't necessarily represent your interests. Sometimes, for the sake of 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 at that time? In the end, most companies did not receive the expected support, but were killed by them. Why? Because these companies were actually acquired by them for protection, with the purpose of protecting the two companies they really supported."

"So, you see, VC is useless to Youzi Technology. Instead, it adds a lot of risks. 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 has become well-known. As long as any venture capital can come in, there is no reason for them to give up on Youzi Technology and turn to supporting other companies."

"Moreover, you can't deny that if these VCs join you, you can avoid a lot of trouble. With their help, and your first-mover advantage, any large domestic company may reach a cooperation with you, which will play a big role in the future revenue of Youzi Technology."

"But if they switch to other AI companies, these companies may have some technological gaps with you at present, but what about two or three months later? What about six months later? What about a year later? These companies have customers and funds. Can Youzi Technology still maintain its lead?"

Fang Yu chuckled: "What you said is indeed true. What I just said is just my subjective negative views on these VCs. The most important thing is that the times have changed and the industry has changed, teacher."

Times have changed, the industry has changed?
"This was true for the IT industry in the past, because everyone was competing 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 get financial support, they can only solve the problem of computing power, algorithms, and data, haha."

Tong Yongshan frowned even more tightly: "You mean, Yuzi Technology is now absolutely leading in technology? As far as I know, although other companies have not made such great progress as Yuzi Technology, they are also very fast, right?"

"Let's not talk about Google, even Qianxun, judging from 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 too great.”

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 very powerful, right? If this iPad Pro is compared to a large orange model, then this Casio FX95 is AlphaGo."

"And Chihiro, what she has produced so far can only be considered a basic 12-digit calculator."

"Qianxun is still relatively good. Those small companies that claim to be engaged in artificial intelligence, to put it bluntly, they just put a shell on the abacus and then call it a calculator."

!!!

Tong Yongshan almost spilled the coffee in his hand.

Is the gap that big? Are you overconfident?
"If these big companies don't use the API of the Orange Big Model because of the VCs' boycott of Youzi Technology, it won't be long before its competitors will make it no longer have to worry about being a big company."

"Both are online shopping platforms. If JD.com uses the Orange Big Model, it can save at least 30% of the cost and improve the response efficiency by 50%. Will Taobao be able to beat JD.com by then?"

"It's the same for other industries, teacher. Whether it's the Internet industry or the traditional manufacturing industry, the continuous evolution of the Orange big model can empower various industries. 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.”

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(End of this chapter)