After Divorce, I Can Hear the Future-Chapter 629: Commissioned Task

Liang Wenhu is 33 years old this year. Ten years ago, during his master’s studies, the global financial crisis swept the world, and at that time, he developed a deep interest in financial markets.

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

In 2010, after graduating with a master’s degree in Information and Communication Engineering from Zhejiang University, he struggled in society for a few years and in 2015, he founded Huanfang Technology with his classmates, dedicated to quantitative investment through mathematics and artificial intelligence.

October 2016 marked an important turning point for Huanfang Quantitative when they launched their first AI model, achieving AI transformation of all quantitative strategies, and established a private equity fund that raised 20 million RMB.

In just one year, using a principal of 20 million, they earned a profit of 80 million, and the asset management scale of Huanfang Quantitative Fund exceeded 100 million for the first time.

The fourfold profit made Huanfang famous in the industry, and in November 2017, they launched another private equity fund with a scale of one billion.

Now, after half a year, as of last month, Huanfang Quantitative’s asset management scale has surpassed 3 billion, becoming one of the four giants in domestic quantitative trading.

Lu Liang couldn’t conceal his surprise as the industry often compared Liang Wenhu to him.

Liang Wenhu was also known as Little Luliang, but only Lu Liang himself knew how legendary Liang Wenhu’s experiences were.

With both parents being elementary school Chinese teachers and no family background, Liang Wenhu, relying solely on his technical prowess, started from scratch to achieve one billion in one year and 3 billion in two years.

If we take the development history of Wall Street’s quantitative funds as an example and if the domestic Securities and Futures Commission does not impose restrictions, in five years, Huanfang Quantitative’s asset management scale can definitely surpass one trillion. .

Due to the unique trading model of Big A, the block trading priority principle, institutions are inherently in an absolute advantage, and using quantitative trading of at least two hundred times per second is a relentless slaughter.

Moreover, with the limits on price fluctuations, retail investors in the market have truly become victims, easily cut down, without any power to resist.

"Mr. Lu, last November, our Huanfang initiated a ten billion private equity financing, but with the rapid expansion of our business, computing power bottlenecks began to appear."

Liang Wenhu took a sip of tea and, without discussing the content and purpose of the cooperation, first talked to Lu Liang about the advantages of collaborating with Huanfang Quantitative.

After completing the ten billion financing last November, he realized that the current big data AI model was insufficient to support Huanfang’s investment scale.

So, he led the team to invest nearly 200 million to equip 1,100 GPUs and independently developed the ’Firefly No. 1’ training platform.

Firefly No. 1 is a supercomputer occupying an area equivalent to a basketball court, with computing power matching 40,000 personal computers.

The current AI model is not yet fully developed but already powerful. Using only one-tenth of its computing power, it can trade 300 times per second, rivalling the quantitative institutions on Wall Street, ranking among the world’s top tier.

With the assistance of Firefly No. 1, the asset management scale of Huanfang Quantitative also expanded rapidly. In April, it was put into market operation, and within just two months, it earned a profit of over 2 billion.

Liang Wenhu talked eloquently, taking out more detailed information from his briefcase: "Mr. Lu, please take a look first."

When cooperating with people, one must have the attitude of cooperation; moreover, it’s them who are actively seeking cooperation.

This information detailed all the earnings of Firefly No. 1 during its two months of operation.

"Mr. Liang, have a cup of tea to moisten your throat."

Lu Liang smiled as he filled the tea, then took the information, casually flipping through it, becoming more astonished as he read.

Previously, he speculated that Huanfang Quantitative might exceed a trillion in scale in five years, but it seemed that was too conservative.

After all, the information provided by Tang Caide was limited, far less detailed than the internal data provided by Liang Wenhu himself.

In two months, around 40 working days, Huanfang Quantitative invested in 972 stocks, with 929 of them profitable.

Even in losses, it’s just a -0.5% or -0.8% loss, while the gains are no less than 1%.

Each day on average, over 4.5 million trades are made, earning more than losing, truly a RMB breeding machine.

Lu Liang closed the folder, lightly tapping his finger on the leather sofa, pondering for a moment, suddenly asking: "Mr. Liang, does Firefly No. 1 have the capability to build models for forex and futures data?"

"Huanfang hasn’t ventured into this area yet, but the basic infrastructure of the financial market is consistent, and it can be built in about a week," Liang Wenhu hastened to say.

Lu Liang asked again, "What’s the fastest you can do it?"

Today is June 30th; in 6 days, the major trade war will officially begin.

By then, the London gold will break through 1750 points, and the RMB will unprecedentedly fall below 6.9.

He wanted to attempt using quantitative trading in forex funds and other international markets and couldn’t wait for a week.

"Five days... no, it can be done in just four days," Liang Wenhu quickly replied.

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

This plan involves at least a hundred billion USD, and he needs to reserve more time to verify the feasibility of Firefly No. 1.

Liang Wenhu frowned tight, pondering for a long time, realizing this was an opportunity for Huanfang and Tianxing to reach a long-term cooperation.

It would just mean working a bit harder, at least 19 hours a day; if you don’t push when you’re young, when will you?

He bit his lip, steeling himself, "It can be done; an AI model for forex and futures can be built within three days."

Lu Liang’s lips curled up, showing an appreciative look, calling over Sun Yutao, who was moving to the building next door, while also summoning Tang Caide to prepare the contract.

Soon, Sun Yutao hurriedly arrived, and Tang Caide also prepared the commission contract. As Lu Liang introduced Sun Yutao, he brought out the commission contract.

This is a commission contract for constructing AI model architectures for London gold and offshore RMB, but the amount field is still blank.

Lu Liang pushed the contract in front of Liang Wenhu: "Mr. Liang, I’m not sure about the price for building AI models, so please fill in an amount yourself."

Liang Wenhu pushed the contract document aside and said seriously, "Mr. Lu, Huanfang wants to establish a long-term cooperative relationship with Tianxing; let this commission task be a preliminary test for our Huanfang."

Lu Liang stared at Liang Wenhu, suddenly laughed, signaled Tang Caide to put away the contract, stood up, and extended a hand of friendship: "Mr. Liang, I hope we can cooperate smoothly."

"Mr. Lu, I assure you Huanfang will not disappoint you," Liang Wenhu said, unable to hide his excitement.

Two peers, their hands tightly clasped, representing Huanfang Technology’s climb onto the tree of Tianxing Investment, and also representing Tianxing Investment’s venture into the quantitative field.

Nearing noon, Liang Wenhu declined the lunch invitation, said a farewell, and hurriedly left the New International Building.

The delivery time for both AI models is set before 5 PM on July 3rd, leaving only 77 hours for Huanfang.

Time is tight, the task is heavy, and Liang Wenhu must return to the Hang City company now to arrange the next tasks.

This commission task concerns whether Huanfang can step out of the country, rush to the world, and compete with international institutions on the same stage.

Once personal wealth exceeds a billion, meeting all material needs, the desire for money becomes very low.

Still greedily pursuing wealth is actually just pursuing the elevation of status and identity brought by wealth growth.

In this money-first society, the more wealth a person has, there is no doubt that he is capable and powerful.

Just like countless identical pretty faces, interesting souls are rare, but without a pretty face, who has the time or interest to get to know that interesting soul? Wealth growth is the most straightforward manifestation.

Liang Wenhu wants to prove that technological innovation, especially in the field of AI applications, is not exclusive to those Western enterprises.

Only by cooperating with Tianxing and rushing to the world can Huanfang prove that it is not only dominating domestically but also an unstoppable force internationally.

"Mr. Liang, take care."

Lu Liang smiled, standing at the elevator door, watching Liang Wenhu leave.

With a soft ding, the elevator door closed and slowly descended. Sun Yutao asked, "Mr. 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. Let’s wait for three days to see what answer Mr. Liang can deliver."

Sun Yutao nodded, but he definitely noted down the issue of quantitative trading, planning to study this area thoroughly after returning.

The Tianxing warship is beginning to take shape and is rapidly moving forward. Everyone on this ship must always have the heart of a learner, constantly learning and progressing, so they won’t be seen as burdens that slow down the progress and eventually be abandoned.

After chatting for a while and understanding the current situation of private equity, Sun Yutao also bid farewell to Lu Liang, returning to the private equity company in the next building. 𝒻𝘳𝘦𝘦𝘸ℯ𝒷𝘯𝘰𝑣ℯ𝑙.𝘤𝑜𝘮

Lu Liang called Tang Caide over, smiling as he asked, "How’s the content of Medicine God?"

He vaguely remembered that the box office for Medicine God was around 3 billion, but in recent years, with many affairs in finance and automotive, he hasn’t had the time or energy to pay attention to those trifles in the entertainment circle, so now everything is fully managed by Tang Caide.

"The content is quite touching, the pre-screening reviews are very good, it probably won’t lose money."

Tang Caide handed over a cooperation contract, the total investment in Medicine God is 75 million, Tianxing Investment contributed 16.5 million, holding 22% of the shares.

Lu Liang just glanced briefly and, after confirming it was correct, signed and stamped it.

Even with a box office exceeding 3 billion, if it were all given to him, he wouldn’t feel any ripples.

The ceiling of film projects is too low, easily seen through. The reason for continuing to invest is purely for fun in the future.

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