I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 379 059-060: ALL IN AI! (5000 words today)
Facing the almost overwhelming crowd of top students from Freeport University, Gao Huaijun did not get nervous.

His speech was very infectious. He started with his own college studies and gradually got into the point, which increased students' interest in the lecture.

He was wearing a suit of trousers and a shirt, and paced slowly on the stage. He was very calm but full of aura, giving people the feeling that he was holding the whole process.

Gao Huaijun said with a smile, "As you know, I have a lot of knowledge reserves. I have already accumulated a lot of knowledge when I was in college."

"At the same time, when I was about to graduate from university, something happened at home, so I was appointed to take charge of Hillhouse Technology."

"We have also gradually entered the electronic technology industry and the automotive industry."

"We are very lucky. Now we have made Hillhouse Technology and Hillhouse Vehicles industry-leading, and have gradually formed three core matrices including chips, batteries, and artificial intelligence."

"To be honest, up to now, I feel like I am living in a dream."

"I can only say that our luck is really good."

"I feel like I just did some, little work."

At this moment, warm applause broke out again from the audience.

Gao Huaijun's tone was very humble, using luck to downplay his success.

However, how many such lucky and capable young people are there in the history of Chinese science and technology?

At the age of 30, he is in charge of a company that is on the verge of becoming one of the Fortune .

Not to mention China, how many are there in the whole world?
In this era, successful people always have a soft background, but Gao Huaijun gives people the feeling that he does not have a daddy vibe and gives people a very clean feeling.

Sunny, handsome, humorous and professional.

This feeling is what all entrepreneurs pursue.

"The first project I worked on when I joined Hillhouse was to make a small intelligent fan."

"Nowadays, you should see a lot of these small fans, and they are all very handsome."

“There were some similar products at the time.”

"At that moment, a strong idea ignited in my mind, and I had a deep thought, that is, I am doing a project like this now, compared with others, from a long-term perspective, what is my advantage?"

“I thought at the time that if I could find a unique advantage, I could maintain a stable position on this track for a long time.”

"On the contrary, if I can't find the relevant advantages, then such a project attempt will inevitably lose its relevant meaning."

"Moreover, I will become part of the trend and follow the footsteps of my predecessors, and continue to make my products with low prices and high competition."

As he spoke, four big words appeared on the big screen behind Gao Huaijun: Dislocation Advantage.

The audience in the audience began to pay more attention.

An entrepreneur's thinking process is definitely the core secret of a company.

This definitely represents the underlying logic of the operation of this enterprise.

Not to mention learning from others, let's take a step back and say that if the listeners below want to work at Hillhouse, they can also become familiar with the corporate culture, right?

"After deep thinking, I believe that my company needs to have a core differentiated advantage in the future, that is, technological intelligence!"

As he spoke, the big screen flipped and formed four large characters: Smart and High-Tech.

"What does it mean?"

"I believe that in today's human society, and even in the future human society, the advancement of science and technology, the intelligence and convenience of all things, are the fundamental footnotes of the times and the core driving force for social progress!"

"So I gradually started a research and development team and started working on my smart electric fan, which is the product on the screen. This is our earliest work."

"If we take all aspects of life into consideration and make better smart products, then this era will definitely change."

"So what era will our era be?"

As he spoke, Gao Huaijun pointed his finger and four big words appeared on the screen: Everything is connected!
The people off the field couldn't help but burst into an uproar.

They all looked forward in shock.

The Internet of Everything???

what is this?
In this era, this word, which is becoming very common in later generations, has never been seen or even heard of, let alone heard of. It can be said to be completely unheard of.

"Our Internet of Everything can also be described as smart life, which is why, while we are innovating Hillhouse Technology and Hillhouse Vehicle products, we are still working on so-called Hillhouse derivatives."

"You can check out our official website. In fact, there are some very small but very practical products there."

"In my imagination, this so-called Internet of Everything should be an advanced intelligent assistant that can sense whether a person is present or asleep, and can also take into account outdoor weather and indoor humidity and temperature. If it is properly tuned, it can automatically adjust lighting, curtains, air conditioning, floor heating and other equipment based on your physiology, living conditions, local sunrise and sunset, and indoor and outdoor temperatures."

"For example, when you open your shoe cabinet before going to work, if it's going to rain, the Xiaoling speaker can remind you to bring an umbrella, helping you complete all the life common sense you think of and don't think of, making you inseparable from Gaoling's products."

"To give you another example, when watching TV, you can ask the Xiaoling speaker to change the channel for you. Just say Hunan TV or SpongeBob SquarePants, and you can switch to the corresponding channel. It's hard to remember the numbers of more than 1000 channels, so this function is much more convenient, and any Android smart TV supports it."

"In our plan, the Internet of Everything should be a bunch of cheap and easy-to-use smart home devices that you can buy and put in various places in your home, from air conditioners and TVs to small things like turning on and off night lights. Each one is clearly arranged for you."

"At the end of the day, I imagined Hillhouse to be a brand that only people with mild obsessive-compulsive disorder and laziness can dream of. Customers imagined Hillhouse to be a brand that is really easy to use in smart homes!"

"I think this is the significance of the Hillhouse brand in life."

After Gao Huaijun finished speaking, the audience forgot to applaud.

This was the first time Gao Huaijun spoke of the concept of "Internet of Everything" in front of a large audience, and it caused a deep shock.

It was hard for the audience to imagine.

Now all Hillhouse products have become intelligent to this level.

Can people still live without Hillhouse?
Intelligence is not about black technology, but more of a C-end thinking.

The more convenience components you have, the more your customers will be tied to your product range.

With such convenient and easy-to-use smart life, what kind of giant will Hillhouse become in the future?

In addition, we have strong high-end mobile phone R&D capabilities and strong automotive R&D capabilities.

OMG!

What kind of large trust company is this?
numb!

It’s really numb!
Some investment bankers who had rushed to the scene after hearing the news put away their relaxed smiles and looked at Gao Huaijun in front of them with serious faces.

They now have some understanding.

Why, Gao Huaijun is coming to Freeport University to give a speech.

This concept of "Internet of Everything" will make the Hillhouse brand immediately popular after Hillhouse Technology goes public.

Even when their most inconspicuous Hillhouse derivatives are to be listed, there will be a large group of investment banks wanting to lead the investment and organize roadshows.

This is not an ordinary company.

This is simply a rooster laying golden eggs!

Who says entrepreneurs can’t tell a good IPO story?

Gao Huaijun casually created a new concept in a university speech that shocked people.

And, the key is, he is so damn right!

This is definitely a new direction for the future development of the technology industry.

Many investment bankers present were thinking about how to hype up the concept of the so-called "Internet of Everything" when they return.

They thought, this concept is really useful!

Concept stocks of "Internet of Everything" may allow them to make a fortune!
"'Internet of Everything' is a very important concept for Hillhouse."

"But this is not the only concept." Gao Huaijun continued, looking at the excited audience below.

What?

The concept of 'Internet of Everything' is not exciting enough?

Is this just a preparatory concept?

Is there anything even more exciting?
"The next step after 'Internet of Everything' is, I think, the era where 'artificial intelligence' dominates the future."

“So in the next step, and for many years, Hillhouse’s core action will be.”

At this point, Gao Huaijun couldn't help but pause, which made the audience below feel itchy.

How many years have they not experienced this feeling?

Did Bill Gates come to give a speech? No!

Did Amazon boss Bezos come to give a speech? No!
Did Zuckerberg, the founder of Facebook, come to give a speech? No!
Perhaps the last one can be traced back to the deceased owner of Pingguo Company - Qiao Bushi.

The surging imagination and creativity, as well as the subversive concepts it creates, make people deeply fascinated.

"So in the next step, Hillhouse's core action is..."

As he spoke, Gao Huaijun tapped the control pen in his hand.

At this time, several capitalized English words appeared on the screen - ALL IN AI!

The audience in the audience was in an uproar.

AI, or artificial intelligence technology, is a very new concept not only in China, but even in the United States.

Although Hillhouse's small artificial intelligence team has achieved some small success, in their opinion, it is still far from enough to produce innovative products on a large scale!
Hillhouse Capital, which has achieved certain results in the fields of electronic technology and automobiles, said it would go 'ALL IN AI'. Are they crazy?
Since Gao Huaijun put forward this concept on this occasion, he naturally has no fear of anyone plagiarizing the concept.

Just like the Baidu company in the previous life, although it proposed the concept of 'ALL IN AI' very early, it is still useless.

In the field of computers and algorithms, the inferior scientific research environment is to follow the trend. They will immediately replicate and improve upon what others do, and immediately develop independently if others open source it, to fill in the gaps in domestic research, and so on.

It’s not that we can’t do inferior scientific research, after all, companies need to survive and employees need to eat, but they can never become the backbone of the nation.

Anyone who imitates Zhou Jielun will never become Zhou Jielun, and anyone who creates another Chatgpt after Chatgpt will never achieve similar glory.

Do you want to follow Hillhouse?
Do you have a group of PhDs who have been training for more than five years at Hillhouse?
If you can create something great by spending money, then why is it that Yongyuan Real Estate has invested hundreds of billions in the automotive industry, but the cars it produces are still terrible?

The best scientific research is about digging holes and creating demand.

For example, before smartphones, people didn’t know that smartphones were so fun. Later, Hillhouse and Pingguo came out and told people that smartphones could be used in this way, and everyone flocked to them, and smartphones took the world by storm.

Now Hillhouse has proposed the concept of 'ALL IN AI'. How to go ALL IN is a very complicated subject.

Whether it is invested in the field of vision, the field of large models, the medical field or multimodal learning.

There are so many directions!
However, Gao Huaijun was sure.

The field of AI will definitely become popular.

What he needs to do now is to detonate this concept in advance.

The popularity of AI in later generations was actually affected by the Internet’s cold winter. The colder the Internet’s winter was, the more popular AI became.

Because it is so difficult to make the concept of AI stand out in this way and make it more beautiful.

"At this stage, Hillhouse's research and development in the field of artificial intelligence is focused on one direction."

"One is the planning and application of autonomous driving technology."

After hearing the first point, everyone present couldn't help but let out an involuntary "wow".

Unmanned driving technology is definitely the nuclear weapon among nuclear weapons.

In this era, such a concept has already emerged.

However, we need to put this concept into practice.

Now it seems like a distant thing.

There are no technical difficulties for unmanned driving in dedicated areas or roads. Whether it is sensors, positioning systems, or automatic control, they can all complete the expected tasks well.

The biggest technical difficulty is to realize autonomous driving in the current existing environment. Fundamentally speaking, it is to let the regularized algorithm challenge various random events, which tests the algorithm's adaptability, computing speed and decision-making results.

After all, once a serious safety accident occurs in unmanned driving in an open environment, it will definitely be questioned and resisted by public opinion.

At present, our entire transportation system is not designed for driverless vehicles. In order to enable driverless vehicles to be legally allowed to drive on the road normally, the entire traffic management system must be adaptively modified. For example, information links must be established between driverless vehicles and traffic lights, guardrails, sidewalks, command centers, dispatch centers, and emergency centers, and the right of way and priority of different vehicles, transportation tools, and pedestrians in different scenarios must be clarified.

This further increases the difficulty of research and development.

If there is no positive profit incentive, it would be a fantasy to expect other businesses to follow suit.

Is Hillhouse going crazy?

I don’t know, this kind of science fiction technology consumes not hundreds of millions, but billions!
"We know that making driverless cars is really, really difficult."

“And my colleagues kept trying to dissuade me.”

“There is no way out for driverless systems.”

"Unmanned driving systems are very difficult to implement in China today."

“Unmanned driving systems cannot gain the trust of current customers.”

"But for me, I think technology alone is not enough."

“There are so many things that we need to learn.”

“And the biggest obstacle, I think, is resilience!”

“I think the most important and scarce ability in the entrepreneurial process is actually making decisions and making the right decisions.”

“Many examples show that poor decision-making or even mistakes by company management are the main cause of project failure!”

"Before making a decision, the company conducts a large amount of data research and makes a scientific decision. Why does it still make such a wrong decision?"

"Strictly speaking, the basis for decision-making is not the current data, but the future reality and status. The purpose of decision-making is to make the effects of the current measures highly match the future reality and develop in the same direction as the trend!"

"But the problem is that we don't know the future reality at the moment. All decision-making and judgment are based on current data to speculate on the future reality, which is itself a risky gambling state. It is in a state of uncertainty!"

“Just like the concept of ‘ALL IN AI’, only I, and only I, can make a judgment about the future and forcibly determine the direction.”

"However, my colleagues have no way of judging whether AI will have such a powerful use case in the future, and I have no way of using data to show whether this decision is useful."

"However, I want to point out that AI's role in replacing human production labor can definitely set off the third wave of technological revolution in human history in the future!"

The audience in the audience was in an uproar.

Gao Huaijun has now raised his flag!
This is the state of Schrödinger's cat, where one either becomes a god or a laughing stock (since radioactive radium is in a superposition of two states, decay and non-decay, the cat should be in a quantum superposition state of a dead cat and an alive cat. This cat that is both dead and alive is the so-called "Schrödinger's cat". However, it is impossible for a cat to be both dead and alive. The result can only be known after the container is opened.)!

When Gao Huaijun talked about the concept of the Internet of Everything, everyone's expressions were still under control, but when he said the concept of 'ALL IN AI', there was an uproar in the audience.

The terrifying hissing sounds gathered together and could even penetrate the eardrums.

Everyone had a look of astonishment on their face.

And when he finally said that AI would set off the third technological revolution in human history, all the audience members' expressions were already somewhat skeptical about life.

scared!
Really scared!
If AI really has such strong vitality.

Then this industry will not be calculated in hundreds of billions, but in trillions, or even tens of trillions!
Is it necessary for Gao Huaijun to go to such a big length for Hillhouse Technology's IPO?

(End of this chapter)