After divorce, I can hear the voice of the future

Chapter 623 Delegated Task
Liang Wenhui is 33 years old this year. Ten years ago, when he was pursuing his master's degree, the global financial crisis swept the world, and he developed a strong interest in the financial market.

In June of the same year, he led the team to explore the application potential of machine learning technology in fully automated quantitative trading.

After graduating with a master's degree in Information and Communication Engineering from Zhejiang University in 10, he spent several years working in the workforce before founding Magic Square Technology with classmates in 15. The company is dedicated to quantitative investment through mathematics and artificial intelligence.

October 2016 was a significant turning point for Magic Square Quantitative. They launched their first AI model, realizing the AI ​​transformation of all their quantitative strategies, and established a private equity fund that raised 20 million RMB.

In just one year, with a principal of 20 million yuan, the fund has generated 80 million yuan in profit, and the assets under management of the Magic Square Quantitative Fund have exceeded 100 million yuan for the first time.

Four times the profit made Magic Square famous in the industry, and in November 2017, it launched another private equity fund with a scale of one billion yuan.

Now, six months later, as of last month, the asset management scale of Huanfang Quantitative Asset Management has exceeded 30 billion yuan, making it one of the four giants of domestic quantitative asset management.

Lu Liang couldn't hide his surprise, because people in the industry often compared him to Liang Wenhui.

Liang Wenhui is also known as "Little Lu Liang," but only Lu Liang himself knows just how legendary Liang Wenhui's experiences truly are.

With both parents being primary school Chinese teachers and no family background, Liang Wenhui relied solely on his technical expertise to start from scratch, earning 100 million yuan a year and 3 billion yuan in two years.

If we take the development history of quantitative funds on Wall Street as an example, and if the China Securities Regulatory Commission does not impose restrictions, the asset management scale of Huanfang Quantitative Fund will definitely exceed 100 billion yuan in the next five years.

Because of the unique nature of the A-share trading model and the priority principle of bulk transactions, institutions are already in an absolute advantageous position. When they use quantitative trading with at least two hundred transactions per second, they can easily dominate the market.

Moreover, there are price limits, making retail investors in the market truly vulnerable and helpless, like韭菜 (leeks, a metaphor for being exploited).

"Mr. Lu, last November, our Magic Cube launched a 11 billion RMB private placement. However, with the rapid expansion of our business, the bottleneck of computing power has gradually become apparent."

Liang Wenhui took a sip of tea and, without discussing the content or purpose of the cooperation, first talked to Lu Liang about the advantages of cooperating with Magic Square Quantitative.

Last November, after completing a 11 billion yuan financing round, he realized that the current big data AI model was no longer sufficient to support the investment scale of Magic Square.

So he led the team again, investing nearly 2 million yuan and equipping the platform with 1100 GPUs to independently develop the 'Firefly One' training platform.

Yinghuo-1 is a supercomputer that occupies an area equivalent to a basketball court and has the supercomputing power to rival 40,000 personal computers.

The current AI model is still in its early stages, but it already possesses considerable power. Using only one-tenth of the computing power, it can conduct 300 transactions per second, comparable to quantitative institutions on Wall Street, and has entered the world's top tier.

With the assistance of Firefly One, the asset management scale of Magic Square Quant has also expanded rapidly. It was put into operation in the market in April and has earned more than 20 billion yuan in profit in just two months.

Liang Wenhui spoke eloquently, then took out a more detailed document from his briefcase: "President Lu, please take a look."

When collaborating with others, you need to have the right attitude, especially when they are the ones who actively seek cooperation.

This document details all the revenue generated by Firefly-1 during its first two months of operation.

"Mr. Liang, would you like to have a cup of tea to soothe your throat?"

Lu Liang smiled as he poured the tea, then took the documents and casually flipped through them, becoming increasingly alarmed with each reading.

He previously predicted that Magic Square Quant might break through the 100 billion mark in five years, but it seems that was a conservative estimate.

After all, the information provided by Tang Caidie was limited and far less detailed than the internal data provided by Liang Wenhui himself.

In approximately 40 working days over two months, Huanfang Quantitative Investment has invested in 972 stocks, with 929 of them yielding profits.

Even if you incur a loss of only -0.5% or -0.8%, you can still earn a return of at least 1%.

With an average of over 450 million transactions per day, it generates more profits than losses, making it a veritable RMB breeding machine.

Lu Liang closed the folder, tapped the leather sofa lightly with his fingertips, pondered for a moment, and suddenly asked, "President Liang, does Firefly One have data for building models such as foreign exchange futures?"

“Huanfang hasn’t touched on this yet, but the basic architecture of the financial market is the same, and it can be set up in about a week,” Liang Wenhui quickly said.

Lu Liang then asked, "How long will it take at the fastest?"

Today is June 30th, and in 6 days, the trade war between the two major powers will officially begin.

At that time, London gold will break through 1750 points, and the RMB will also fall below 6.9 for the first time in history.

He wants to try quantitative trading in international markets such as the Foreign Exchange Fund, and he can't wait a week.

"Five days... no, just four days will do," Liang Wenhui said hurriedly.

"Can it be done in three days?" Lu Liang asked again.

This plan will require at least tens of billions of US dollars, and he needs to allow more time to verify the feasibility of Yinghuo-1.

Liang Wenhui frowned, pondered for a long time, and realized that this was an opportunity for Huanfang and Tianxing to reach a long-term cooperation. It was just a bit more hard work, at least 19 hours a day. If he didn't work hard now while he was young, when would he?

He gritted his teeth and made up his mind: "Okay, we can build AI models for foreign exchange and futures within three days."

Lu Liang smiled, revealing an appreciative look. He called Sun Yutao, who was moving to the building next door, and at the same time summoned Tang Caidie to prepare the contract.

Before long, Sun Yutao arrived in a hurry, and Tang Caidie also prepared the agency contract. As Lu Liang introduced Sun Yutao, he took out the agency contract.

This is a commission contract for building an AI model architecture for London Gold and offshore RMB, but the amount column is currently blank.

Lu Liang pushed the contract in front of Liang Wenhui: "Mr. Liang, I'm not very familiar with the price of building an AI model, so please fill in an amount yourself."

Liang Wenhui pushed the contract documents aside and said seriously, "President Lu, Huanfang wants to establish a long-term cooperative relationship with Tianxing. Consider this commissioned task as a preliminary test for Huanfang."

Lu Liang stared at Liang Wenhui, then suddenly smiled, signaling Tang Caidie to put away the contract. He stood up and extended a hand of friendship: "President Liang, I hope our cooperation can continue smoothly."

"President Lu, I believe that our Magic Square will not let you down." Liang Wenhui could not hide his excitement.

The two, who are the same age, clasped hands, representing Huanfang Technology's rise to prominence with Tianxing Investment, and also signifying Tianxing Investment's foray into the quantitative trading field.

As noon approached, Liang Wenhui declined the lunch invitation, said goodbye, and hurriedly left the New International Building.

The delivery deadline for the two AI models was set for 7 PM on July 3rd, leaving Magic Square only 77 hours.

With time running out and the task at hand, Liang Wenhui must return to the company in Hangzhou now to assign the next tasks.

This commissioned task is crucial to whether Magic Square can go global, compete with international organizations, and reach the world stage.

Once personal wealth exceeds 100 million yuan and all material needs are met, the desire for money will become very low.

They are still greedily pursuing wealth, but in reality, they are only pursuing the status and identity that come with the growth of wealth.

In this money-obsessed society, the more wealth a person possesses, the more capable and powerful they are, without a doubt.

Just as a beautiful appearance is a dime a dozen, but an interesting soul is one in a million, without a beautiful appearance, who has the time or interest to understand that interesting soul? The growth of wealth is the most direct manifestation of this.

Liang Wenhui wants to prove that technological innovation, especially in the field of AI applications, is not the exclusive domain of Western companies.

Only by cooperating with Tianxing and venturing into the world can Magic Cube prove that it's not just a domestic powerhouse, but also a force to be reckoned with internationally.

"Mr. Liang, take care."

Lu Liang smiled as he stood at the elevator door, watching Liang Wenhui leave.

With a soft ding, the elevator doors closed and slowly descended. Sun Yutao asked, "President Lu, are we planning to adopt a quantitative trading model?"

"Perhaps." Lu Liang nodded with a smile, but then shook his head: "The original plan remains unchanged. We'll do what we're supposed to do and see what kind of results President Liang can deliver in three days."

Sun Yutao nodded, but kept the matter of quantitative trading in mind and decided to brush up on his knowledge of it when he got back.

The Tianxing warship is taking shape and is moving at high speed. Everyone on board must always maintain the mindset of an apprentice, constantly learning and improving, so as not to be seen as a burden that hinders the ship's progress and ultimately be abandoned.

After chatting for a while and learning about the current situation of private equity, Sun Yutao bid farewell to Lu Liang and returned to his private equity firm in the building next door.

Lu Liang summoned Tang Caidie and asked with a smile, "How's the content of 'The Medicine God'?"

He vaguely remembered that The Medicine God's box office was a little over 3 billion, but in recent years he has been too busy with finance and automobiles to pay attention to the trivial matters in the entertainment industry, so now Tang Caidie is in charge of everything.

"The content is quite touching, and the preview screenings have received very good reviews, so it probably won't lose money."

Tang Caidie handed over a cooperation agreement. The total investment of Yaoshen was 7500 million yuan, and Tianxing invested 1650 million yuan, accounting for 22% of the shares.

Lu Liang glanced at it briefly, and after confirming that everything was correct, he signed and stamped it.

Even if he didn't have to share the profits and was given all of the box office revenue of over 3 billion, he wouldn't feel any emotional fluctuation.

The potential of film and television projects is too low; you can see the end from the beginning. The reason for continuing to invest is purely for future entertainment.

After all, no girl can resist standing on a dazzling stage, in the spotlight, and being adored by everyone.

　There will be another chapter before 12 o'clock.

　　
　
(End of this chapter)