But at this moment, Chen Yu looked at Fang Hong and said: "Under the existing framework, Xingyu Technology's SOCL wants to break Nvidia's monopoly in the field of graphics card programming. I think it is very difficult because what Qin Feng built is too versatile.
On the contrary, it will not be useful.”
"Nowadays, the graphics card models of major manufacturers are complex and the performance is also uneven. If you want to develop a framework under this specification, you must adapt to all graphics cards. This is too troublesome. Nvidia can optimize for CUDA, but other graphics card manufacturers are
Before Socl became dominant, it had no obligation to optimize Xingyu Technology. CUDA came out five or six years ago, but how long ago did Socl come out?"
"So, I think the performance of SOCL under the same computing power is probably not as good as that of CUDA. It will be more difficult for developers to use. Over time, fewer people will use it. Companies that do not sell chips will have to launch adapters for all
The road to standardizing graphics cards is too difficult.”
After a while, Fang Hong said calmly: "Companies that don't sell chips are not suitable. What about companies that sell chips?"
Hearing this, Chen Yu immediately replied firmly: "It's still too late. Nvidia has not yet reached a monopoly position, and there is still a good chance of breaking through."
Chen Yu added: "My current idea is to either develop a GPU specifically for AI training myself, or you can talk to Qin Feng and ask him to split SOCL from Xingyu Technology and specialize in graphics cards, Xingyu
Technology then provides ecological support.”
At the end, Fang Hong sighed and seemed to be talking to himself: "After all, the most important thing is the chip, which is the basis of everything."
Fang Hong, who has foresight, knows that in about ten years, the field of artificial intelligence will be very popular. It is extremely important to be able to outperform his own large AI model, but the underlying hardware capabilities under AI are equally critical, or even more critical.
.
The design and manufacturing of the entire computing chip are also more difficult.
At the end, Fang Hong had already made a decision in his heart. He turned to Chen Yu and said: "I will get through Xingyu Technology. I will ask Qin Feng to split the SOCL department. Star Capital has invested in some mainland graphics card manufacturers, and also
Reorganize and integrate them together.”
Stellar Capital is actively promoting domestic substitution of the entire semiconductor industry chain, and naturally GPUs will not be absent.
But what I have to say is that this field is very complicated, especially since there were so many graphics card manufacturers in 2000, and now more and more peers are being sucked into it.
Stellar Capital has deep pockets, and the three manufacturers it invested in are still alive, but the gap with international manufacturers such as Nvidia and AMD is self-evident.
After a moment, Fang Hong added with a smile: "After integrating it, put it under your Quantitative Capital banner and leave it to you to do it. How about you compete with Lao Huang?"
Under normal circumstances, this situation is basically impossible to achieve, and quantitative capital does not have this ability. However, both Xingyu Technology and quantitative capital have a common big boss.
With Fang Hong coordinating it, the resistance to integration will be much smaller, and it can even be accomplished easily.
At this moment, Fang Hong had already concluded that there was no need for the graphics card manufacturers invested by Qunxing Capital to "raise bugs", so he integrated them into one and asked Chen Yu to do it.
He can see so clearly and has a strong technical foundation. If he can't beat Lao Huang's NVIDIA, don't expect too much from the other manufacturers.
So we simply pooled our funds and teams and bet on Chen Yu in this niche field. Although he is currently engaged in investment and trading and seems to have nothing to do with high-tech companies, the team under him can
They are talents that major technology companies are clamoring for.
Fang Hong also has the courage to make decisive bets at critical moments.
A thousand armies are easy to get, but a general is hard to find.
Chen Yu was quite surprised when he heard his decision. After thinking for a while, he nodded sharply: "Okay."
A simple one word answer.
The matter was settled in this way, and Qin Feng went over to talk to him in the afternoon.
After a while, Fang Hong asked: "Has the annual report come out?"
Chen Yu shook his head: "Not yet, but last year's annual revenue of 7.5 billion is not a big problem. There should be a net profit of 1 billion. The cost of running the model is too high, especially the cost of computing power, otherwise 45% of the net profit
The rate is definitely there.”
Fang Hong has a general understanding of the situation of quantitative capital. The main income is investment income, and about 40% of the company's income from the capital market is divided among the underlying teams.
The key trading members in Chen Yu's team have been working with him for two years, and are now worth tens of millions. One extremely key reason for being able to gather so many top talents is to look down on the recruitment of those big technology companies.
It’s just that Chen Yu gave too much.
For example, if a capital market earns 500 million yuan, the team that makes this business can share 200 million yuan, and if it earns 1 billion yuan, it will share 400 million yuan. The more it earns, the more it will be divided.
The largest operating expense of quantitative capital is to pay employees, which is why Chen Yu has such a super elite team. The company's second largest expense item is research and development iterative upgrades of AI models. Last year, it invested more than 2.5 billion, and it is still soaring on a large scale.
.
After a while, Fang Hong said: "Socl is integrated into your company, and the future R&D investment must be tens of billions. If the funds are not enough, I will take care of it. How much is needed, Qunxing will take care of it for you."
Chen Yu replied with a smile: "It shouldn't be necessary. The company's own profitability can cover the required R&D investment. Last year we earned 7.5 billion, but at the beginning of this year the company adopted a brand new model for trading. A single transaction
The winning rate has reached more than 70%, and there are currently 16 capital markets in operation, 11 strategies for the mainland market, and 5 strategies for the overseas market."
Chen Yu continued: "In overseas markets, so far, the fund strategy of long Bitcoin has earned at least 550 million U.S. dollars. The other four markets have earned a total of 1.3 billion U.S. dollars. The total profit here is 11.7 billion yuan, excluding exchange rate changes.
The 11 domestic capital markets currently have a profit of 8.9 billion yuan. It is only the beginning of April, and it is not a big problem to achieve a profit of 35 billion yuan in the first half of this year."
This chapter is not over yet, please click on the next page to continue reading! Hearing that Quantitative Capital has funds to invest in Bitcoin, Fang Hong thought for a moment and said: "If Bitcoin sees around 230 US dollars next week, just go short."
Hearing this, Chen Yu couldn't help but be stunned, then nodded and said: "I understand."
When he heard what the big boss said, he immediately thought that the largest trading platform in the cryptocurrency market is currently in the hands of Stellar Capital, or Merrill Lynch, but the management rights are in the hands of Stellar Capital.
The year before last, the price of Bitcoin soared to over $1,000. Star Capital locked up Merrill Lynch. Later, it acquired the mt.gox trading platform and then sold it to Merrill Lynch.
Therefore, the big boss lets you open at this time. This is inside information.
It is worth mentioning that after the current price of Bitcoin exploded to 2 US dollars, it was running at the bottom in 2012, and the price did not exceed 10 US dollars. However, after entering 2013, the price trend of Bitcoin exceeded 10 US dollars all the way.
It has skyrocketed, and now the price has risen to US$140 each.
Since the beginning of this year, the price of Bitcoin has strengthened due to two factors. One is the first halving of Bitcoin mining output in November last year, and the other factor is the outbreak of the Cyprus debt crisis in January this year.
Stellar Capital and Merrill Lynch took the opportunity to advocate and instill labels such as "decentralization" and constant total volume into the market.
It is true that Merrill Lynch and Qunxing hate each other, but it is also true that they work together. Merrill Lynch is trapped and has no choice but to affect Wall Street's grand strategy of "directional blasting" of Qunxing Capital.
It's just that this year, I never expected that Qunxing Capital would do a "directional blast" first, causing Wall Street to lose 30 billion US dollars, which is still a bit painful.
But in the spirit of your stars winning 99 times and Wall Street winning, as long as I win the 100th time, I will win them all back.
I still choose to endure it.
At this moment, taking advantage of the halving of Bitcoin production and the debt crisis in Europe, encrypted digital currencies are booming.
