Upon hearing what Ren Yifan said, Zhang Yida was also a little disappointed.
But considering that the Emerging Technology Business Group is already responsible for the research and development of four cutting-edge technologies: AI, cloud computing, big data, and blockchain. With such busy scientific research tasks, it would be great if it could make another major breakthrough in facial recognition technology.
Something strange...
When it comes to face recognition, we have to think of the four famous little dragons of CV (Computer Vision) in the previous life.
The first one, Shangchao Technology, develops core technologies and applies many core artificial intelligence technologies such as face recognition, image recognition, artificial intelligence chips, medical images, and autonomous driving to "empower all industries" with AI+.
He has great ambitions, aspires to become an AI platform company, and has the highest valuation. When Zhang Yida was reborn, it already exceeded US$7.5 billion.
The second dragon, Queshi Technology, focuses on the To B field and has three business lines: security, finance, and travel, with a valuation of over US$4 billion.
The technology is very strong and it once defeated Facebook in the face recognition rate competition in international competitions.
The third line, Medical Image Technology, mainly focuses on the medical field, using AI to intelligently diagnose medical records and transform clinical data into diagnostic results.
During Jacky's concert, he also helped the police identify and capture several fugitives...
The founder is also Hawking's disciple...
The valuation is lower, almost US$2.2 billion.
The fourth dragon, Yuncong Technology, is the “national team” in the field of artificial intelligence and is incubated by the Institute of Chinese Academy of Sciences.
With a big tree at its back, it is easy to enjoy the shade. In its previous life, it was the number one financial facial recognition company. Its customers include banks, securities, funds, insurance and many other companies.
In his previous life, the valuation was as high as 4 billion U.S. dollars. Zhang Yida was very greedy, but he couldn't invest in it even if he had money.
We can only target Shangchao Technology, Kuesi Technology, and Yitu Technology.
Zhang Yida remembered that in his previous life, Ali, Leech Financial Services and Yunfeng Fund had invested in these three companies respectively, and they were still the largest shareholders.
In this life, hum! I must cut off my beard!
There are not many hard-core technologies in China, and all of them are treasures. They are scarce resources and have great investment value.
Seeing Zhang Yida's silence there, Ren Yifan was a little uneasy. Mr. Zhang paid great attention to their emerging technology business group. He asked for money. In addition to the 400 million US dollars that will be invested in the future, the investment has reached 3.3 billion yuan.
.
At the same time, when it comes to recruiting people, the company has the strongest R&D capabilities and the best engineers are concentrated in the emerging technology business group.
We must not disappoint Mr. Zhang, but we must also be worthy of the investment of money and resources. Ren Yifan gritted his teeth and said:
"Mr. Zhang, give me another half year, and I will issue a military order to ensure that the development of facial recognition technology is completed."
Zhang Yida just got distracted thinking about the CV Four Little Dragons. When he came back to his senses, he waved his hand and said:
"You should focus on the research and development of the four cutting-edge technologies! Don't distract yourself too much. Don't worry about face recognition for the time being. I have already found the target."
Ren Yifan thought that Zhang Yida was going to acquire a facial recognition technology company. He thought that he was already too busy with the current scientific research tasks, so he smiled bitterly and said: "Okay, just follow Mr. Zhang's arrangements!"
"It will be launched within this month. It will be trialled by the loan supermarket first." Ren Yifan replied.
Zhang Yida nodded: "Can we automatically analyze the qualifications and match loan products based on the customer's big data?"
“It has been tested tens of thousands of times, and the accuracy rate is as high as 97%. Combined with the Mung Bean Credit Information Platform, it can complete information analysis in thousands of dimensions within 3 seconds and match users with the most suitable loan products.
A-level customers are matched with bank loan products, B-level customers are matched with licensed consumer finance products, and C-level customers are matched with small loans and leading Internet loan products.”
Speaking of Ruixiang Financial Cloud, this proud product, Ren Yifan was full of praise.
In addition to banks and licensed financial institutions, Ruixiang's cooperative corporate customers only cooperate with Internet financial customers who are leading compliance platforms with annual interest rates within 36%.
This was also specifically requested by Zhang Yida. Ruixiang's scale and brand are getting bigger and bigger, so it must cherish its feathers.
"Okay, do a good job of tracking the data. After the loan supermarket passes the trial, the financial cloud will be handed over to Tiance Technology for promotion." At this point, Zhang Yida looked at Xie Huaiyu again and ordered:
"Lao Xie, the promotion task will be left to you. Tiance Technology has so many B-end customers, and they are highly matched."
"OK, leave it to us! I think customers will love such a NB product," Xie Huaiyu said with a smile.
Zhang Yida looked at Wang Lina again and said: "Lina, next we will plan Diandian to join your mobile service business group. I have high expectations for Diandian, you have to shoulder this important task."
After Penguin invested in Ruixiang, it gave up its investment in Diandianchi. Ruixiang did not need to be separated and operated, and was directly placed under the mobile service business group.
From now on, the mobile service business group will be mainly responsible for three independent APPs, Kawang Credit Card Manager, 365 Accounting Manager, and Diandianchou.
Wang Lina was very happy. Before, Diandianchou was operated independently as a subsidiary. Now that it is divided into the mobile service business group, her authority has increased by another three points. She said with a happy face:
"Mr. Zhang, don't worry, I will definitely not betray your trust."
"Okay, that's it! The meeting is over!" Zhang Yida announced.
Everyone else had left, and Zhang Yida was about to leave when Lin Zhen called him down.
"What's going on? It's mysterious." Zhang Yida sat back down when he saw Lin Zhenyang.
"I want to buy an apartment and a car. Do you have any suggestions?" Lin Zhenyang asked.
"Damn it, are you so angry at me? You robbed 67 million US dollars and bought whatever you wanted. Oh, I regret it so much. If I had known, I would have robbed something, and I was so poor." After that,
Zhang Yida looked remorseful.
"No, there is no 67 million U.S. dollars. After tax, there are only 53.6 million U.S. dollars. Alas, there are too many tricks. I don't know how to spend them!" Lin Zhenyang had a look of regret on his face.
"Buy a villa! Then buy a Maybach, Bentley, or Rolls-Royce. You can also buy a sports car, but try not to drive it to the company.
We are the first generation of entrepreneurs, not the second generation of rich people. If we are photographed by the media, it would not sound good if we compiled some news for you."
Zhang Yida thought more deeply. Although Ruixiang is currently valued at tens of billions of dollars, it has been burning money, and it is still investors' money.
In this case, it is far from being considered a success. If you are photographed by the media in pursuit of pleasure, and if you splash some dirty water on it, your image will be very damaged.
"Well, that makes sense. That's why I came to ask you!" Lin Zhenyang was a little unsure about Zhang Yida's attitude, so he asked specifically.
Ruixiang Group is a two-person company. If he does something that damages the company's image, the company's interests will be damaged and Zhang Yida will not look good on his face, so he should communicate in advance.
He really wanted to buy a villa, but Zhang Yida still lived in an ordinary community, so it was better to ask his opinion first.
The reason why his cooperative relationship with Zhang Yida has always been harmonious is inseparable from this exquisite heart.
Zhang Yida also realized his intention and said with a smile:
"Old Lin, there's no need for this. The money you use to cash out your shares is your own money, and you can spend it however you want. I just want to keep a low profile as much as possible."
Lin Zhenyang smiled faintly and said nothing more.
…
"Lao Lei, what's going on now?" Zhang Yida asked Lei Dongming on the phone.
"Shangchao Technology is planning Series A financing. It is said that IDG has been following up and the deal is about to be completed."
Lei Dongming was a little anxious and lamented that the contact time was a bit late. He wondered if he could still participate in this round of financing?
Zhang Yida's eyes flashed and he said:
"You should contact Shangchao Technology immediately. We will fly to Hong Kong Island to discuss it today."
…
On the flight from Beijing to Hong Kong Island, Lei Dongming glanced at Zhang Yida and said, "How can we talk about it in the past?"
"How else can we negotiate? Give them a price they can't refuse." Zhang Yida was reading a magazine and replied casually without raising his head.
"If you do this, Shang Dynasty Technology may open its mouth? It also breaks the rules. I'm afraid IDG may have objections."
Lei Dongming frowned, feeling that Zhang Yida's method of raising the price was not a good one. It would easily offend people, and he would have to pay a higher price.
"Are you so optimistic about Shang Dynasty Technology?" Lei Dongming asked again.
"Well, artificial intelligence, that is the big trend in the future." Zhang Yida put away the magazine and replied seriously.
"Do you have a deep industrial integration with Ruixiang? Why don't you invest together with IDG? It's only Series A anyway, so we can lead the next round of financing."
Lei Dongming advised.
"AI is very suitable for application in the financial field. It has definitely made great achievements in anti-fraud, credit risk identification, non-performing asset collection, precision marketing, reducing manual operation errors and other application scenarios."
Zhang Yida raised his eyebrows and said, while he was also thinking about whether to invest alone or jointly with IDG.
"It's so amazing. I read in this information that their face recognition accuracy is as high as 99.5%, second only to Google. The founding team is also amazing, they are all Ph.D.s and professors..."
Song Caiwei sat next to Zhang Yida and was looking at the introduction materials of Shang Dynasty Technology.
"It's very impressive! It is said to be the earliest Chinese team involved in deep learning in academia."
Zhang Yida sighed with emotion, and added in his mind: I will be on the US export control entity list in the future, how can it not be awesome?
"Let's do this! When we get to Hong Kong Island, we'll talk to the founding team of Shang Dynasty Technology first. If that's not possible, let's invest together with IDG!"
After some consideration, Zhang Yida felt that it would be best not to conflict with IDG. After all, the reputation of grabbing projects and driving up prices would not sound good.
Being a venture capital investor is also about reputation and reputation. Being an enemy at every turn is not conducive to future fund-raising and development.
Another IDG is the first foreign venture capital to enter China. It has been in China for 20 years and is not a soft persimmon.
Anyway, Shangchao Technology will conduct eight or nine rounds of financing in the next few years, and Ruixiang’s round of financing will not be able to take a large share, and it will have to follow several rounds of investment.
Lei Dongming nodded in agreement. He was really afraid that Zhang Yida would ignore it and grab the project like a fool.
No matter how good the technology of the Shang Dynasty was, it could not break the rules of the game!
Any game has hidden rules. For those who break the rules of the game, no one will be willing to play with you anymore, and everyone will isolate and exclude you.