My fintech empire.

Chapter 1242 [The news was announced, and the outside world went wild]

On the next day, Saturday, April 4, the A-share market was closed for four days due to the Qingming Festival. At around 1 a.m. today, Fang Hong logged into his Weibo account and quietly updated the latest dynamic news:
[In the past few days, our team has conducted internal research and discussions for a long time, and finally reached a consensus to place a heavy bet on the fields of generative artificial intelligence and digital economy.

We have decided to launch an investment plan of RMB 7 trillion, which will be used to build an integrated storage and computing center. We will invest RMB 1 trillion each year over a period of seven years to complete the construction of this storage and computing infrastructure project.

By then, 300 million large, medium and small storage and computing centers will be invested and built across the country in accordance with local conditions, and there will be about 5000 large storage and computing centers with more than 10000 cabinets.

The plan aims to eventually achieve a computing power scale of 300EFlops for basic computing equipment, 270EFlops for intelligent computing power, 130EFlops for supercomputing power, a total computing scale of 700EFlops, and a total storage capacity of 5000EB.

……

Fang Hong quietly updated this post on his Weibo account. When people from all walks of life saw the content of this Weibo post, including the data indicators such as 300 trillion, 700 million storage and computing centers, EFlops, etc., their eyes dropped to the ground in shock.

This Weibo post went viral as soon as it was posted, and the entire Internet was in an uproar. The investment, technology and media circles were all stunned.

Wow! Everyone who saw it exclaimed, Wow!
At this moment, the comment section under this Weibo post was also filled with excitement from netizens.

[What? 7 trillion? No way? No way? Did I see it wrong or did you make a mistake in your unit, God K?]
[Woc! This this this…]
[What's going on? What's going on? It's time to go all in!]
[Wow, 7 trillion, I don’t even know what it means, anyway, it’s an extremely astronomical number.]
[有点不是太明白，这个算力700EFlops、存力5000EB要花费7万亿巨资？有没有懂哥科普一下，700EFlops和5000EB很多嘛？]
[Eflops is a data used for the floating-point computing power and execution efficiency of computers. 1EFlops means 10 trillion floating-point operations per second, which is 18 to the 700th power, and 7EFlops means 200 trillion floating-point operations per second. If you still don’t have an idea, let me tell you this: the current global computing power scale is about 700EFlops, and 3.5EFlops is times the current global computing power scale! ]
[至于存力5000EB换算成GB就是5万亿GB，相当于390亿部128GB内存容量的智能手机，而去年全世界的智能手机出货量还不到15亿部，等于出货26年且每一部手机的内存都要128GB才能与其存力持平。]
[Ward God...]
[However, I am not well-educated, so I can only say WOC. ]
[It's such a big deal...]
[Shit, graphics card prices are definitely going to skyrocket. I'm going to buy one to play games now. I wanted to wait and see, but it will only get more expensive if I wait!]
[Wow, Bitcoin has taken off on the spot, and has already risen by 50 points, and Ethereum has soared by more than 80 points...]
[Oh my god, these guys are really quick to react. Why didn’t I think of this? Artificial intelligence, blockchain, digital economy, God K released such a big event, he should have thought that Bitcoin would take off.]
[Everyone, I want to ask if there is a possibility that God K is joking? Look at what day it is today, April 4st, April Fools' Day.]
[? ? ? ]
[Fuck, no way? No way?]
[Now it’s all self-media and some third-party media reporting on it. I haven’t seen any major mainstream media reporting on it. Logically speaking, such a big event should be followed up by official media.]
……

Fang Hong's Weibo post caused an uproar on the entire Internet. People in both the technology and investment circles were shocked. At the same time, the cryptocurrency market was in an uproar within less than three minutes of the appearance of this Weibo post. Major cryptocurrency varieties such as Bitcoin and Ethereum were directly pushed up by bulls.

Just when everyone was shocked by Fang Hong's Weibo post, as time passed, about half an hour later, more and more people seemed to come to their senses, as if something was wrong but they couldn't find it for a while.

When they saw that today’s date was April 4st, April Fool’s Day, many people were shocked when they saw this date. Could it be that Fang Hong was playing a prank on them?

When many people have this thought, their brains are overwhelmed for a moment, as if they were trapped in a quantum superposition state, feeling that this thing is both true and false.

I think it's true because Fang Hong shouldn't be such a joke, right? But the data he said in his Weibo updates are really too outrageous. Whether it's investing 3.5 trillion or building a scale that is times the current global computing power, they are far from the original. Especially the trillion, the stimulus plan in was only trillion, although this comparison is not very rigorous.

The key point is that choosing April Fool's Day seems like a prank no matter how you look at it, at least the possibility of a prank cannot be ruled out.

At this moment, people from the investment, technology, and media circles were using their connections to make phone calls to verify the news. Qunxing Capital's phone was also flooded with calls, just to verify whether the news was true or not.

However, even if you call the customer service hotline of Qunxing Capital excessively, you cannot get accurate information. Because your level is not high enough, you can only get formulaic responses. Even if you have the personal contact information of the core executives of Qunxing Capital, you may not be able to get reliable information.

It is impossible to verify whether the facts are reliable in a short period of time, and many people are getting anxious, especially some investment institutions. At this time, news is really comparable to gold. No matter whether it is true or false, as long as you can get accurate and reliable news before others, you can make profits from the information gap.

However, not everyone can get in touch with the core executives of Galaxy, let alone a giant like Fang Hong.

The current situation is that only a very small number of people have received the exact news and know that this is not some April Fool's Day prank by Fang Hong. This is true and cannot be false, but these people who have received the exact news will not spread it.

The bull-bear game in the encrypted digital currency market is extremely exciting at the moment. Within a few minutes after Fang Hong updated the Weibo, Bitcoin, Ethereum and other varieties soared like onions in dry land. When players in the currency circle saw the news, they rushed to buy, and the bears were directly beaten. Even the prices of graphics cards in some offline stores increased on the spot.

But more than half an hour later, as the word began to spread online that it might be a prank by God K on April Fools' Day, the players in the cryptocurrency circle saw it and exclaimed on the spot: Wow, this is a trap, run, run, run!
It’s better to believe it and run away without even having time to pull up your pants!

As a result, major encrypted digital currencies such as Bitcoin and Ethereum quickly reversed and dived off a cliff, with the bears chasing the bulls and beating them all the way.

Bitcoin soared from more than $940 to more than $1500, and then crashed to around $1000. Ethereum was not much better, with the daily intraday trend seeming to draw a "middle finger" pattern.

The cryptocurrency circles at home and abroad are so lively right now. In fact, it is not just the cryptocurrency circle that is lively right now. Fang Hong just sent a Weibo post and made thousands of people feel like a cat scratching an itch, with their hearts itching, restless, unable to calm down, and so annoying that they can't stop.

……

(End of this chapter)