My fintech empire.

Chapter 1210 [Computing Power is a Rigid Need]

With the end of this "Double Entrepreneurship and Innovation Summit", the technology circle, the entrepreneurial circle, and the investment circle were all in a state of excitement.

Super heavyweight giants like Fang Hong have pointed out the direction of the future for everyone, so that many confused young entrepreneurs are no longer confused and have a clearer direction. The most important thing is to have confidence. Confidence is more valuable than gold, even more valuable than gold.

In today's entrepreneurial environment where the cost of trust is becoming increasingly high, everyone treats what many people say as bullshit, but Fang Hong's words are different. He doesn't just talk, but he does what he says, and he has even been doing it before.

It is no exaggeration to say that the credibility of what he said is extremely strong at the moment.

He suggested that we should practice diligently and work hard in the direction of scientific and technological innovation, and it would be best to work hard in the direction he guided. That way, the probability of success would be much higher. Otherwise, there would be a great possibility of missing out on historical opportunities and regretting it later.

Because the person who said this and pointed in this direction is called Fang Hong. As the founder of Qunxing, it means that Qunxing Capital will make efforts in this direction. In fact, it is indeed making efforts in this direction. Once an existence of this level makes efforts, it often indicates in a sense that the general trend is moving in this direction. Only by going with the trend can you achieve twice the result with half the effort.

Not to mention anything else, as long as you develop a technology that interests or is needed by large companies in the galaxy, they will really pay you a high price. If you work hard for a lifetime and achieve financial freedom, the wealth that will come one day will be right before your eyes.

God K said that he just wanted to blow up a technology bubble, and he said that he would be able to do it as long as he could keep it stable and not burst the bubble. For investors, it is best not to be bearish on the New Securities 50 Index. The correct way to go is to go long and follow the trend.

Because he is the founder of Qunxing, the strength of Qunxing Capital is unquestionable. No one would doubt its power today, not to mention that the SGX was designed by Fang Hong. Now that he has said this, the SGX 50 Index can only maintain an upward trend. If you are bearish, it is basically equivalent to trading against Qunxing Capital, because if the SGX 50 Index really falls at this time, Qunxing will definitely take action.

Then you have to weigh the consequences of playing against the stars. The venue belongs to them, and you don't have as much money as them. Playing against them would be a death sentence.

If you want to make money, it is best to follow the guidance of the big guys. This is the answer for the current version.

Fang Hong was invited to attend this "Double Entrepreneurship Symposium" today and made those remarks in his speech at the meeting. His purpose was to encourage and guide entrepreneurs to concentrate on practicing entrepreneurship and innovation in the field of science and technology and to give confidence to the market.

The signal given at the meeting that the stock market is going to rise and that the New Stock Exchange 50 Index has just started to reach 2000 points was also sending a signal to the market that it is true that there is a bubble in the New Stock Exchange 50, but don't be afraid of the bubble. Qunxing Capital can guarantee that the inflated technology bubble can be maintained.

No one would believe what others said, but no one could help but believe what Fang Hong said. First of all, Qunxing really has the strength. This giant has not used leverage until now. When needed, it can easily leverage funds and currency derivatives of more than 10 trillion levels. This is an unimaginable and terrifying energy.

So what he said was backed by solid confidence and backup, and it was impossible not to believe it. Moreover, not only did he say so, but Qunxing also actually did so.

Fang Hong's move is to encourage and guide funds to bet on science and technology innovation industries, so that the stock market can rise and continue to maintain the bull market momentum. With the wealth effect here, capital will definitely come, whether it is the primary market or the secondary market, it will be favored by funds.

The number of listed companies on the SGX is already approaching 600, and the companies registered and listed this year are basically high-quality stocks with potential. However, for long-term development, Fang Hong needs to mobilize more forces from the society to continue to incubate more outstanding technology-based innovative companies, and then take over to list on the SGX.

We can’t let Qunxing do everything, and the SGX can’t have only Qunxing listed companies. The more diverse the species, the healthier the ecology.

Obviously, Fang Hong is managing the overall situation from a higher level.

There is no need for other capital or other entrepreneurs to have great ideals and lofty sentiments, so a technology bubble needs to be blown up to make profit-seeking capitals invest in technology-based innovative industries in order to make money, including entrepreneurs, so as to give full play to their subjective initiative.

Only by inflating the technology bubble can capital serve technology-based industries, better promote rapid technological progress, open up incremental space and new blue ocean markets, and allow more outstanding companies to be listed on the SGX, which in turn can feed back to technological upgrading and form a positive cycle.

……

After the summit, Fang Hong did not return to Jingxinju Villa, but went to the headquarters of Matrix Quantum Company.

On the way to the company, Fang Hong, who was sitting in the back seat of the car, called Tian Jiayi and said, "Give a call to Xiao Quan and others at Pengrui Capital. If the New Securities 50 Index rises too sharply in the next few days, suppress it appropriately, but do not change the upward trend. That's it."

After quickly explaining everything, Fang Hong hung up the phone and closed his eyes to rest. The special car took him all the way to the headquarters of Matrix Quantum Corporation.

Fang Hong was well aware of what he had just said in public, and he also knew his current influence, especially his appeal in the financial market. If he did nothing next, the opening of the Singapore Exchange tomorrow would absolutely be crazy, and it would surely be pulled up by the capital to form a big positive line, and it might even stage an exponential limit rise again.

Fang Hong needs the SGX stock market to rise, but it cannot rise as wildly as it did in the first half of the year. Too much is as bad as too little. If it goes to the other extreme, a good thing will turn into a bad thing.

Given the style of domestic investors, if we don't give them any supervision and let them do whatever they want, they will definitely be in chaos in the end. Even if we give them a shot of chicken blood, we also need a hammer to calm them down to prevent them from losing control.

……

Matrix Quantum Headquarters.

Fang Hong arrived at the company's headquarters, and its head Chen Yu personally led him to the front-line development room. He introduced to Fang Hong: "Xiao Ling's underlying language model has completed the third iteration upgrade. It is larger, more powerful, and more advanced than the previous generation. It now has more than 1650 billion parameters and has achieved amazing performance in multiple natural language processing tasks."

Chen Yu looked at Fang Hong and added: "Due to its huge influence and potential risks, it has not yet been launched. Xiao Ling is still using the previous generation of technology when broadcasting online."

Matrix Quantum's current AI technology level is already far ahead of its peers around the world. If the AI ​​of the virtual idol Xiao Ling is updated to the latest generation of technology, ordinary people will hardly be able to tell that she is an artificial intelligence, whether it is voice or text communication, without knowing it, and will instead communicate with her as a natural person.

At this time, Fang Hong thought for a moment and said in a deep voice: "Let's make the second-generation language model technology directly open source, maybe next year."

Chen Yu was stunned: "Open source?"

Fang Hong nodded: "Open source one generation, lead one generation, research and develop one generation. If you don't open source, how can your display chips and computing chips have a market in the future? Who can you sell them to? Only by opening up and letting more people participate can we establish an ecosystem. I don't care whether the outsiders are just pretending to be technical or are serious about it. In short, if they want to enter the AI ​​trend, computing power must be a rigid demand, and Matrix Quantum's graphics cards and computing chips can be sold."

Chen Yu understood instantly and nodded: "That makes sense."

……

(End of this chapter)