Reborn in 2010, the AI in my mind is too powerful.
Chapter 386 AIG Robert
Chen Yiran originally wanted to directly talk to BlackRock, Vanguard, and State Street. He was still somewhat confused about the future economic operations. Even if he wanted to promote his own Aurora Coin and make his company truly independent and powerful, he would still need to build good relationships with these three companies.
No matter what methods are used, the point is to make these three companies submit. The combined assets of these three companies amount to ten trillion US dollars. It's safe to say that once we get them on our side, the road ahead will be much easier.
However, as Singapore began the second batch of newborn applicants' process, more and more unexpected events occurred.
Chen Yiran hadn't kept count of how many old guys were near death and needed immortality, or rather, he didn't really care; those who were truly going to die would always come looking for him.
Now a dying man has come to him, and he's brought with him a very tempting business plan.
Robert Benmoche, an American insurance industry executive, has just stepped down as CEO of American International Group (AIG).
He was very capable. He joined MetLife in 1995, became CEO in 1998, and worked there until his retirement in 2006. During that time, he successfully transformed the company from a mutual aid system to a listed joint-stock company.
After retiring, he went to Croatia to run a vineyard and lived a very comfortable life.
In 2009, after the financial crisis, AIG approached him, hoping he could take on the challenge and save the company.
He was initially reluctant, as AIG was in dire straits and relied entirely on government aid to survive.
However, there was no way around it; AIG was offering too much—an annual salary of $700 million plus performance bonuses of up to $350 million, which even drew criticism for excessive compensation. At the time, the company was receiving government aid, with the US government providing a massive $1820 billion in aid.
Robert Benmoche, however, had a very tough personality and refused to bow down even when taking money from the government. During his tenure, he significantly increased executive compensation and distributed large bonuses, which seemed too extravagant for companies that had just received taxpayers' money.
Because of this incident, he had heated verbal clashes with members of Congress and the media, and even nearly resigned due to his dissatisfaction with the government's restrictions on his salary.
However, the government couldn't find anyone to take over the mess, and in the end, they could only reluctantly accept his various conditions.
Then, people witnessed what a capable person truly is. Robert Benmouche can be said to have turned the tide and saved the day from collapse.
He spearheaded AIG's systematic divestiture of non-core businesses and assets, enabling the company to refocus on pure insurance, making this large and complex organization more streamlined and transparent.
Through the sale of assets and profits generated by the company itself, AIG fully repaid the US government's $182 billion bailout funds within four years.
Even the US government managed to exit successfully by selling its last stake in AIG at the end of 2012 and making a small profit.
This strong man retired again a few months ago.
This wasn't AIG choosing to discard their good bow after the birds are gone, but rather because Robert's lung cancer was already in its late stages.
He was actually diagnosed in 2010, but because the company couldn't do without him, he had to persevere. Until this year, feeling that he only had one year left to live, he disregarded the company's attempts to retain him and forcibly retired.
Who knew that just one month after retiring, Aurora announced that everyone would no longer have to die.
When Robert heard the news, he was not happy. He had a keen sense that the company he had just saved might not survive again.
As a mathematics graduate, and drawing on his years of experience in the insurance industry, he didn't need the tedious calculations of an actuary, and he knew that immortality would bankrupt a company.
Having served in the military, he realized after learning about the Aurora Group's series of actions that using underhanded tactics might not be enough.
However, he cleverly came up with a solution that could make this matter happen smoothly and in a way that was both impactful and peaceful.
In the conference room on Lanai Island, Chen Yiran met the emaciated Robert Benmoche.
Robert's first words were a bit provocative: "It's been such a hassle to see you! I came in September, and it's almost November now, and I'm only just getting around to seeing you!"
Chen Yiran knew Robert's identity and assumed he was there on behalf of the insurance business to plead or negotiate. However, he wasn't actually interested in the insurance company's money, finding it too troublesome; he still felt BlackRock, Vanguard, and State Street had far more money.
So he didn't give him a friendly look: "Alright, if you hadn't gone through all that trouble to get Cook on board, I wouldn't have bothered seeing you. You're here representing AIG, right? So, what do you have to say?"
Robert smiled and said, "Don't be so cold. I'm here to join this family."
Chen Yiran paused for a moment, then tried to say in Chinese, "A reference to Qiong Yao?"
Robert clearly understood, but he still replied in English: "Haha, yes, I understand Chinese, and I'm even quite fluent in writing it, but I love to talk about it too much. The main reason is that I was mocked for my accent by some Chinese students when I spoke it before, which made me a little embarrassed."
I only started learning Chinese in 09, thanks to my job at AIG. I don't know if you're aware, but strictly speaking, AIG, like you, is also from China.
Our founder, Cornelius van der Starr, established this company in Shanghai. However, in retrospect, Mr. Starr had some limitations, such as his decision to withdraw from China after 1949.
However, during his time in China, he broke down industry barriers and opened the insurance industry to Chinese people for the first time. He personally funded English classes and insurance business training for his Chinese employees, many of whom later became elites in China.
In 1931, Starr donated funds for disaster relief in the name of the company during the Yangtze River floods, which was reported by major newspapers in Shanghai at the time.
Moreover, Starr had no children, and he regarded the wealth he had accumulated as a social trust. He said before his death that the money he earned should be returned to society, especially to the places where he started.
So after his death, he left all his assets to the Starr Foundation. The foundation has long provided financial assistance to China, and in 1980, it established scholarships at many universities in Shanghai.
And also..."
Chen Yiran quickly waved his hand: "Stop, stop, stop. Saying more won't help. At most, it can improve your image in my mind a little. But we still have to talk about interests. I can't give you any special treatment just because your company's founder was good to China a hundred years ago."
"That's enough. I don't need any special treatment. My point is simply to show you that we can coexist peacefully. I have a plan, and with my reputation in AIG, I believe I can get them to complete it."
Chen Yiran was a little annoyed. Robert's words always had a kind of magic, making him feel like he was being led by the nose, which made him a little unhappy.
Robert seemed to sense Chen Yiran's dissatisfaction and immediately lowered his head, saying, "Of course, after this plan succeeds, I hope to become the head of Aurora Group's insurance business. Boss, can I now talk about Aurora Group's next phase of plans for the insurance business?"
Chen Yiran's face brightened, as if he was about to recruit another powerful subordinate, and he felt that this person was a perfect fit.
"Okay, tell me, what's your plan?"
Robert smiled shyly and said, "First of all, shouldn't I be able to use our own technology? Boss, I have late-stage lung cancer, and the doctor said I only have two or three months left."
"Okay, okay, tell me your plans first, then stay here. In a week, you'll be a brand new you."
"Didn't you say that we needed to culture the neurons in advance? Don't we need to use my cells for culture? Although the Singapore live broadcast was completed in a week in the end, didn't we say that we prepared for two weeks?"
Chen Yiran smiled and said, "Do you know how many new students Lanai Island has now?"
"It's widely speculated that there are more than a dozen? They're all the seriously ill scientists you invited back then."
"In fact, Lanai Island already has more than a thousand newborns. The technology has undergone its first iteration and can now use general neurons. In fact, the technology for cultivating neurons has already undergone its third iteration."
There was no way around it; those scientists had gone mad. They were frantically conducting all sorts of research, and they had determined that humans actually used to have a similar ability to sleep on the left and right hemispheres of the brain as dolphins, although it was relatively weak, but the left hemisphere was more easily awakened when it was asleep.
It's likely that as humans became more powerful and domesticated dogs, this ability gradually diminished. However, in wet conditions, this ability almost automatically manifests in everyone within the first week.
This meant they no longer needed to sleep, working almost all day long, and while their creativity was preserved, their computing power was much stronger than before.
So sometimes, our manufacturing speed can't keep up with their creativity.
Robert was shocked: "More than a thousand, top scientists?"
"Oh, no, not at all. I can't gather that many scientists who are about to die in the short term. There are over three hundred scientists. In fact, even without newborns, using the rovers' linkage chips can greatly improve human reaction and computing power. In short, our technology will develop rapidly in the next year or two."
Robert was a very smart man. Since Chen Yiran didn't bring up who the remaining seven hundred people were, he didn't plan to ask either.
"Boss, let me explain my plan. It's actually quite simple and straightforward. I'll persuade a few insurance companies to detonate the annuity bubble. I hope Aurora can cooperate as well, and ideally, we should make some big moves. Now that the technology is mature, we can speed things up."
Then I think a week is enough to make several insurance companies' prices plummet to rock bottom.
For Aurora, annuities are not an issue at all! So, for anyone who needs to use our technology, we simply require them to waive their indefinite annuity rights.
As long as the technology for immortality remains in our hands, they cannot achieve immortality and therefore cannot receive their annuities indefinitely.
Boss, in other words, no one but us is qualified to take over these companies. If we don't acquire them, we'll go bankrupt, and then we can set the price however we want.
As I envisioned, if we could be more respectable and put up a few hundred billion US dollars, we could directly accept a Ponzi scheme worth trillions!
"And here's something interesting, boss. How much would it cost to help someone complete a new life?"
"We told the outside world that it would cost one or two hundred million US dollars."
"What about in reality?"
"In fact, these scientists have all signed lifetime contracts with Aurora, which provides them with future immortality opportunities and subsequent technologies to improve their quality of life."
Then, as the production volume of this chip increased, it wasn't very expensive. So, if we're talking about the specific cost, the actual cost is only a few hundred US dollars.
"Boss! In other words, we can use these over one trillion US dollars in immortality slots to get them to voluntarily relinquish their rights. That means we'll directly receive one trillion US dollars in cash!"
"Stop, stop, stop. It's not immortality. Why is it called rebirth? It refers to the process of transferring consciousness to the wet device. For immortality, you have to keep paying for the nutrient solution produced by Aurora, and the chip also needs to be upgraded regularly. I even plan to offer a monthly subscription service in the future. If you pay, you will live; if you don't pay, I will pause your thinking."
"Boss, after I join the company, I'll be given a chance to have immortality, right?"
"some."
"Boss, in other words, we can not only make them give up their rights in exchange for a new life, but they will also become our lifelong paying users!"
"Leave it to me, boss. I'll handle these insurance companies. Then I'll help you reorganize Aurora's capital. After securing these three insurance companies, we'll have more than enough US dollars. We need to regulate our own monetary system!"
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