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

Chapter 529, 363-364: What does Gao Ling mean by this? (4000 words)
Hillhouse Capital BU was not announced with great fanfare, but was established quietly and low-key in Hangzhou.

After all, the robot dog business has just started and there is not even a semi-finished product yet.

Gao Huaijun does not need to use some concepts to push up the stock price like some companies in Myanmar A to facilitate share reduction.

Now that Hillhouse Technologies has gone public, its stock price has been rising.

Although there have been several setbacks along the way, the market has basically developed into a long and slow bull market.

Compared to when it was listed, the current stock price has skyrocketed tenfold!
You know, Hillhouse Technology's sales have only increased by about three times.

What does this mean?
Investors, especially institutional investors, highly recognize Hillhouse Technology's performance.

And in 2018, Hillhouse Technology's stock officially became a member of the Hang Seng Index!
However, Gao Huaijun never expected this.

He didn't expect the information of Hillhouse Capital BU to be leaked, but the Hangzhou government leaked it out due to the excitement.

For a time, almost all media were asking what Hillhouse Capital did.

When they learned that Hillhouse Capital's AI BU was making robots, almost all the media were stunned.

Now... Hillhouse is actually preparing to usher in a new technological era and is preparing to develop robots!

For a time, public opinion was in an uproar.

In the general public's impression, Hillhouse is a hardcore manufacturing company with high-end electronic technology products and the automotive industry as its core.

Although the company has also invested in other fields, such as some industries of Hillhouse Entertainment, those are not large in scale and are more like small-scale operations.

But now, with the establishment of Hillhouse Capital BU, things look completely different.

First of all, this is a separately established branch company under the direct leadership of Gao Huaijun, and is a wholly-owned subsidiary parallel to Hillhouse Technology and Hillhouse Vehicle.

Secondly, the company's headquarters is not located in Xicheng, but it acquired a startup company and made compromises. This must be because they attach great importance to this business.

Finally, if robots were made by other companies, they would definitely be considered as something fancy.

But what if this is what Hillhouse did?
How much room for imagination this is!
And now, Hillhouse Capital is actually going to enter such a field.

It's like Boston Dynamics, doing some fancy stuff.

Or will it make big news, directly change human history, and turn the world into a country strongly assisted by robots?
For a while, it caused a lot of heated discussion.

It even sparked a small-scale discussion among some people in the field of robotics.

"In the early years, Boston Dynamics was researching robot control technology, which is not helpful for robot AGI. After so long, all they did was study balance problems, wasting a lot of manpower and resources, and they couldn't generalize to the task level."

"That's true. The popular soft robots, tactile sensations, and large language models are even more stretched. There are watered-down papers everywhere. It's not a big deal to study how watered-down the software is. Undergraduates can do watered-down papers. Large language models are even more of a technical job. Ordinary companies really can't handle them. If any company says they can handle soft robots, I'll be the first to not believe it. Now let's be more neutral and question it!"

"Currently, the academic and industrial circles have not given any in-depth thought to robot tasks or human learning. In the field of deepmind learning, there are almost no decent academic achievements. Hillhouse is challenging the forefront of academia!"

“I totally agree with the above, but what else can we do besides writing Transformer and Diffusion papers? Control and planning are heavily dependent on models. There is no way to model a task like “making a dish of braised pork with good color, aroma and taste”. Even if we really decompose it layer by layer to get a model, the modeling process will be full of subjective assumptions and random approximations. RL and VLA are heavily dependent on data. The amount of data required to train AGI with VLA may exceed the total number of atoms in the universe.”

"Some well-known robot companies can't even do control well, just like Boston Dynamics mentioned above. I started playing with it when I was a doctoral student, and I'm still playing with it in the lab. It's hard to imagine what "task" Hillhouse can do. Relying on overfitting and then making demos with one lag after another?"

"This is a logical question. Control is only a necessary condition, not a sufficient condition. Just like your camera pixel cannot be low, otherwise the image will be unclear and it will be difficult to perform any task. These are also necessary conditions, but high pixels have nothing to do with achieving AGI. Control can only ensure the smooth progress of the task, but it cannot represent the physical world in depth or understand the physical world."

"That is very limited. You have to give the trajectory and model of the power system first, such as MPC. The reality is that the model is basically impossible to know in advance, so control is meaningless. The difficulty itself is not in control, but in the process of modeling the various complex laws of the physical world."

"Indeed, it's too difficult! This time, I have to take a closer look at how Gao Ling plays it."

"What Hillhouse is doing is completely different from the academic world dominated by universities. They have a complete R&D team and a lot of money. Let's be cautious and optimistic!"

Almost immediately, news that Hillhouse Capital was going to engage in the robotics business spread everywhere.

In just two days, foreign media reported that Hillhouse Capital was planning to develop its robotics business.

According to a report from the American technology media:

Hillhouse Capital is no longer limited to focusing its technology on electronic technology and automobile manufacturing; intelligent robots have become the company's new goal.

The media then revealed some inside information, saying that Hillhouse Capital recently acquired a company specializing in robots, "Yushu Technology."

This company will specialize in the manufacture of new robot dogs and robots.

The report also emphasized that, in fact, if we look back at history, it is not difficult to find that, whether in the Gulf region or the world, people's impression of high technology has always been on the United States, because the United States itself represents the highest productivity and technological power in the world today. However, this concept was subverted until the emergence of Hillhouse Capital.

It is reported that the robot that Hillhouse is about to develop will inherit Hillhouse's excellent artificial intelligence technology and the latest high-efficiency battery technology internally, which also means that it will have a greater chance of far surpassing previous products of various countries in terms of intelligence and efficiency.

This is a very cost-effective and epoch-making product for countries that lack basic labor.

At the same time, Hillhouse’s current efforts in the field of robotics are also hailed as an important part of the world’s top ten leading technologies in the future.

All of a sudden, the once unpopular robotics technology was widely discussed around the world.

You know, although this subject sounds very popular, it is more often associated with words such as "College Student Robot Competition".

After all, not to mention the industrial sectors, even universities at the forefront of research feel that the era of mass production of robots is still a long way off.

However, Hillhouse's involvement in this field was still met with widespread doubts and shocked many people.

Even many people in the industry find it hard to believe.

Because if Hillhouse really makes a breakthrough in this field, it will definitely start a new round of technological revolution!
Robots are so exaggerated!

Soon, the market responded.

Hillhouse Technology’s stock was pulled up wildly at the first moment, rising by 22% in one go!

This number may not seem impressive.

But you have to know that Hillhouse Technologies is a big stock with a market value of several hundred billion yuan!

This is not a small company with a market value of only 100 billion. To increase the stock price by 22% at once, it would require hundreds of billions of funds.

No institution or dealer has such amount of liquidity!

what does this mean?
This means that dozens of hot money and institutions are frantically scrambling to grab Hillhouse Technology’s extremely scarce chips in the market!

This is what could directly push up a giant like Hillhouse Technologies so much.

And on the other side of the ocean.

Ma Sike frowned, pursed his lips unconsciously, then looked at the report in his hand, and said to himself, "What on earth does Gao Huaijun want to do? Does he really think he is the godfather of Chinese technology?"

He was also puzzled by Gao Huaijun's sudden involvement in the field of robotics.

Ever since returning to the United States from China, he often fell into deep thought.

He was deeply shocked by Gao Huaijun's construction and layout of Hillhouse's artificial intelligence.

A few years ago, when no one knew about it, Gao Huaijun started playing with artificial intelligence.

Moreover, it was not just a superficial fad, but a huge amount of money was spent to hire a large number of mathematicians from home and abroad to develop basic large models.

This means that almost all of the top 100 universities in the world for mathematics have graduates working at Hillhouse.

This kind of courage, insight, and keen awareness of future technology were all incredible to him on the day the Hillhouse News Conference ended.

Hillhouse's driverless car is just the surface, while its inner part is the practical application of a more powerful artificial intelligence model.

He is a white supremacist, a techno-supremacist.

He believes that Zhengzhi should be led by engineers and scientists, rather than lawyers and some liberal arts students who are talking nonsense.

He is a "super geek" in the technology world, with bold ideas that are beyond everyone's boundaries of thinking, but he always finds ways to realize his ideas.

At the same time, like China's Lei Jun, he likes to invest everywhere and is also an angel investor in many start-ups.

This is like sowing seeds randomly.

You just give out some bread crumbs casually, but one day, maybe this seed will grow into a towering tree.

Even if you invest in 10 companies, only one of them will be able to go public.

This business can be started and run without loss.

More importantly,
Boston Dynamics has his investment share in it!
only. . .

Is this thing really worth Hillhouse setting up a new department to deal with?

Do not!
This is not just a new department. It will use robots as a carrier to undertake the underlying applications of some large models of Hillhouse's artificial intelligence.

The concept of AGI is very popular now.

However, there is no consensus on how to use AGI, either in academia or in industry.

The application on PC is the language model of deepmind learning!
Some people in the United States are already working in this direction, and it seems that there have been some corresponding results recently.

In the automotive field, the application direction of AGI is highly intelligent unmanned driving systems.

Now that Hillhouse has paved the way, all others have to do is follow the path!

The ultimate road endpoint should be L5 highly intelligent map-free intelligent driving.

Although he himself could not believe this fact, after all, his own UDI had made certain progress, but he had to admit that Hillhouse's direction was more practical and advanced.

The difficult part is that lidar is very expensive, but now they have done it themselves.

What about the application scenarios in real life?
What effective vehicle can achieve AGI?

He had never thought about this before, but now seeing the clues from Hillhouse Capital BU, he finally knew it!

That is the transformation from robot dog to machine imitating human!
Machines imitating humans are the ultimate model for AGI to realize application scenarios in life!
Just think about it, such a product is such a great invention for the United States!

The United States has always wanted to retain its manufacturing industry, and even hopes that some of the manufacturing industry will return.

However, many attempts have failed!

You should know that as a representative of the global high-end manufacturing industry, Intel's revenue in 2017 was 542 billion US dollars and its net profit was 44 billion US dollars.

Based on this calculation, the net interest rate in 2023 will be 8%.

This is achieved with a large part of artificiality in the United States.

This is the level of a top manufacturing company with high gross profit margin and in a monopoly position, and there are only a few of them in the world.

However, if such factories are relocated to China where labor costs and industrial chain costs are lower, would the net profit be higher?

What if capital doesn’t know how to do the accounting?
If capital does not invest in manufacturing, talent will naturally not enter the manufacturing industry.

When the entire industry is not profitable and capital is not willing to invest, will talents run to the industry without money?

Capital is unwilling to come in, talent is unwilling to come in, and manufacturing wants to return?
dream!

However, the United States has no shortage of money.

What if industrial robots that implement AGI appear?
Will the labor costs in the beautiful country be greatly reduced?

Can those shitty unions just disappear?
By then, will it be possible to repatriate manufacturing to the United States?

As a white supremacist and techno-supremacist, he couldn't help but tremble all over when he thought of this!
You are so good, Gao Huaijun, you hid it very well!
(End of this chapter)