Shenhao started as a military training anchor

At the beginning of the year, Holly single-handedly saved the A-share market from the brink of collapse, and technology stocks and AI stocks soared all the way.

Relevant departments also seized the opportunity to improve the regulatory mechanism, which led to the bull market that lasted for seven or eight months.

There is no doubt that this is a rare scene in the A-share market in the past decade.

The stock investors made a lot of money.

Regained confidence in A-shares.

Holly's prestige in the financial circle is also growing, creating an impossible myth.

When I woke up today, I suddenly found negative news related to A-shares.

From the perspective of normal market rules, it is normal for the bull market that has lasted for more than half a year to decline.

It is normal for companies with a market value of hundreds of billions, such as iFlytek, to lose 10 or 20 billion yuan.

But when all AI stocks are falling, something is a bit abnormal.

So many stocks are all falling. There must be someone behind this.

With Holly's many years of experience in the financial industry, he vaguely felt that the science and technology innovation sector would be facing a storm.

He has a very keen sense of smell.

Wall Street quickly came to mind.

If Wall Street capital simply sold off and cashed out at high prices, he would not be nervous.

What we are most afraid of is that Wall Street capital is conspiring to attack the domestic artificial intelligence industry, extending from artificial intelligence to the entire technology industry, and finally affecting the entire A-share market.

This is not alarmist, but entirely possible.

Because the two countries in the world that have invested the most in the field of artificial intelligence are the United States and China.

But the United States is leading by a huge margin.

China's investment is only one-third of that of the United States.

In the domestic venture capital field, more than one-fifth of the capital invested in artificial intelligence comes from U.S. capital.

That is to say, in the domestic artificial intelligence industry, out of the 120 billion US dollars of venture capital, billion US dollars came from the United States.

This is just the VC situation.

Coupled with the purchase of AI stocks by large financial groups such as BlackRock in the stock market, it can be said that the movement of U.S. capital has had a significant impact on the direction of the domestic AI industry.

This reminds me of the financial war that Holly associated with his business trip to Russia.

Perhaps the opponent has already started planning.

The AI ​​industry, which can currently cause a global industrial revolution, is the best weapon.

The opponent’s goal should be to deal a heavy blow to domestic artificial intelligence and AI.

If this is a hidden financial war, then cashing out at high prices and large-scale selling of stocks are just tests, and there will definitely be a combination of punches next.

Holly is the largest investor in artificial intelligence in China, and Everest Technology Group is also the leader in artificial intelligence in Asia.

The entire market has been hit hard, which will seriously affect the interests and development of Everest Technology.

You must be prepared to deal with it.

Holly held a meeting at Shunwei Capital in the morning to reserve cash and be ready for battle at any time.

I held a video conference in the afternoon to inform major domestic investors and AI practitioners of my analysis and judgment, and to draw attention to the current stock market performance.

He was able to do these two steps.

The rest depends on political capital.

The banking consortium formed by the four major banks will definitely intervene. As for how deep the intervention will be, it depends on the scale that the opponent wants to achieve.

……

The actual situation is almost the same as what Holly guessed.

After several Wall Street capitals sold off technology stocks, Altman, a leading figure in the global AI industry and founder of OpenAI, suddenly announced that Chatgpt, a large AI model developed by OpenAI, would completely withdraw from the Chinese market.

In terms of market size, Chatgpt took in $16 billion from the Chinese market last year.

Profits in the Chinese market have reached tens of billions.

Even though Everest Technology, Alibaba and Huawei have been trying hard to catch up, they have not been able to achieve overtaken.

Now ChatGPT has suddenly announced its withdrawal from the Chinese market, giving up even the 10 billion RMB in revenue. What signal does this send?
Does this mean that the domestic AI industry has reached a bottleneck and cannot break through?
Is OpenAI really ten years ahead of domestic large models?

Or is the financial bubble of AI about to be punctured?
...The direct result of various speculations is that investors are no longer optimistic about artificial intelligence, and the stock market has fallen significantly.

Holly looked at the performance of the stock market and felt that it was not over yet.

The opponent should still have some means.

On the Shunwei Capital side, Holly Tong informed them, “Focus on bargain hunting for potential stocks and keep an eye on the overall market. Don’t be impatient, it’s not over yet. You can lose money, but the market cannot collapse.”

"Okay, Mr. Huo."

All 100 positions in Shunwei Capital’s sales department are in place.

Keep a close eye on the direction of the market.

OpenAI, which just announced its withdrawal from the Chinese market, immediately announced that it had received US$34 billion in financing.

It has become the world's most profitable artificial intelligence company, with cumulative financing reaching 140 billion US dollars.

A company raised hundreds of billions of RMB in just a few years.

Silicon Valley and Wall Street are still holding heavy positions.

The signals released somewhat confirm the domestic market's speculation that the two countries' artificial intelligence competition has been pulled apart by a long distance.

Investors are also very sensitive and feel that technology stocks will continue to fall, so they follow suit and sell.

At this time, Wall Street capital struck again with a heavy blow.

Many venture capital firms, including GGV Capital, Qualcomm Ventures, and Intel Capital, have withdrawn their investments from the domestic AI industry.

Most of them rely on transferring shares at a premium and then making a lot of money and leaving.

A small number of them directly sold their shares at low prices.

This move has had a dramatic impact on the domestic venture capital industry.

This is undoubtedly a major blow to those start-ups.

Due to the withdrawal of international capital and large capital markets, domestic capital is reluctant to place bets easily.

As a result, many entrepreneurs will face liquidation and bankruptcy if they cannot obtain follow-up financing.

AI market, venture capital, stock market..., a combination of punches has severely damaged the domestic AI industry.

“How much has been thrown away now?”

"Mr. Huo, more than 4500 billion."

Holly fell into deep thought.

Shunwei Capital has sufficient cash reserves and is capable of taking on this 4500 billion yuan market.

However, if the entire technology sector remains sluggish in the short term, Shunwei Capital will suffer huge losses.

The partners behind him, especially the Middle Eastern consortium, may question and distrust him.

Do you want to take this plate?
What will drive the rise of domestic AI next?

This is something Holly must think about.

This is an opportunity to buy at the bottom, and also an opportunity for domestic artificial intelligence to cleanse foreign capital, but the cost of gambling is too high.

Just when Hawley was at a loss as to what to do, political capital began to take action.

A banking consortium consisting of the four major banks issued a notice on supporting domestic artificial intelligence with interest-free or low-interest loans.

The notification has just been sent out.

Technology stocks rebounded.

AI companies such as iFlytek, ZTE, Cambrian, and Tsinghua Unigroup seized the opportunity and raised funds through loans to repurchase shares.

The state entered the scene, and Holly felt that the opportunity had come.

“Buy them all.”

The two calls were made to Shunwei Capital and Tianhong Capital respectively.

"Start the Eaglet Program. We will take over the venture capital market."

The entry of political capital can ensure that the market remains stable in the short term and will not continue to fall.

However, if we want to completely get rid of this predicament, we must find new breakthroughs in domestic AI.

Ultimately, the breakthrough lies in large models and computing power.

Obviously, this is no longer a simple market behavior.

The solution of empowering enterprises with small models can only ensure that domestic AI plays a better empowering role in application scenarios.

But the competition for big models is financial competition.

If we cannot find a way to catch up with Silicon Valley’s big AI models, domestic big AI models may be dragged down.

Even if it's just an idea, it can get the financial snowball rolling.

To be honest, Holly felt some pressure. (End of this chapter)