Chapter 727 New Technology Existing Industry New Industry

Chapter 727 New Technology + Existing Industry = New Industry

"Haha, this problem is difficult for others, but for you, a business genius, I'm afraid you have already figured out how to solve it."

"Reed, you're too flattering. I'm not God."

"Now many people call you 'Son of God', especially those guys on Wall Street." Reed Hastings laughed.

Xu Liang shrugged, "Everyone knows that those guys on Wall Street are traitors. As long as there is money to be made, they can show their butts to anyone."

"Haha, that's right."

Seeing someone else coming in, Xu Liang said.

"Reed, excuse me."

"OK, you are the protagonist today."

After smiling and patting his shoulder, Xu Liang stepped forward to greet him.

"Brother Yang, you are a little late."

Yang Zhiyuan smiled and stretched out his hand.

"I remember the time on your invitation was half past nine, and it should be less than nine o'clock now."

After giving him a simple hug, Xu Liang said enthusiastically.

"Given the relationship between us, you should come at eight o'clock and entertain the guests for me."

"Okay, my fault. I must come earlier next time."

"That's right."

"Xu Liang, congratulations." Yang Zhiyuan blinked, "Father is a great role."

Xu Liang suddenly realized, "Thank you. When the child is 100 days old, I will definitely invite you to the banquet."

"Then I'll wait. ...Okay, you are the protagonist today, I won't delay you. When I'm free, we will have dinner together."

Xu Liang nodded, "I'll go to entertain the guests first, see you later."

Welcome the newcomers again.

"Bill, Jeff, why did you come together?"

"Our planes landed at Newark Airport at the same time by coincidence, so we came together." Old Gates smiled.

Newark Airport is a very famous private airport near Silicon Valley, specializing in serving the private planes of some wealthy people.

Xu Liang's Kunpeng is also parked there.

"Xu, this should be our first meeting." Bezos smiled.

Xu Liang said, "I went to Seattle several times in a hurry and didn't have time to visit Amazon."

"Haha, there are not many shareholders like you in the United States."

"Investing is investing in people. The reason why I invested in Amazon is that I value your leadership. Therefore, as long as you are still the CEO of Amazon, I don't have to worry about it suffering a major loss."

Bezos was slightly stunned, and then smiled.

"I am honored to receive such praise as 'Golden Caesar'."

Whether it is true or not, Xu Liang's words made him happy.

"Xu, I heard that you are a father?" Gates Sr. interrupted.

"Yes."

"Can I go and see?"

"Of course. We are good friends."

"Can you take me one?" Bezos smiled.

He likes children very much.

"No problem."

The three did not talk for too long, because eBay CEO Meg Whitman, Google founders Sergey Brin and Larry Page, Sequoia Capital founder and Silicon Valley venture capital father Don Valentine, and current Sequoia Capital helmsman Michael Moritz came one after another.

And three of the four venture capital giants who are as famous as Valentine, Arthur Rock, John Doerr and Vinod Khosla.

There are even more founders of other small and medium-sized Internet companies, as well as some well-known investors.

It can be said that today's gathering has brought together almost all the top investors and Internet company giants in the United States.

Xu Liang's appeal surprised everyone who attended the investment reception.

Of course, the reason why so many people came.

It is also related to the fact that Xu Liang rarely attends social occasions and has a mysterious image in the outside world.

Everyone wants to see what this world-renowned financial investor and technology giant looks like.

Time slowly came to half past nine.

Almost all the invited people have arrived.

Nearly 500 people sat in a specially prepared conference room in the park, which seemed a bit crowded.

Xu Liang stepped onto the podium under the gaze of everyone.

Holding a painting tube, he looked at the people below who had great influence in the outside world, Bill Gates, Jeff Bezos, Yang Zhiyuan, Larry Page, etc., who sat quietly, waiting for him to speak.

An indescribable sense of accomplishment lingered in my heart.

After a long sigh, the thoughts in my mind became clear.

"Good morning, gentlemen and ladies, welcome to attend the investment reception held by Hanhua today in your busy schedule."

Wow...

Courteous applause rang out.

"Just now, our Hanhua senior partner, President of North America, Mr. Lin Junrui, came to me and said: Mr. Xu, why are there so many people today?

I looked at him and said: Didn't you send the invitation letter?

He replied: I did, but I thought it was great if half of them came, but now everyone is here, which makes me very nervous.

I said: It's okay, I'll watch you later.

But now that I came up and saw everyone, I found that I was indeed a little nervous.

So if there is anything wrong with what I say later, please forgive me.

I am only 24 years old, it is normal to make mistakes.

Young?"

The people who were PUA had no choice but to applaud this shameless guy again.

"Okay, let's get back to the topic, or you should beat me up."

There was a pause.

“Everyone knows one thing: the development of science and technology is not uniform.

Major scientific and technological breakthroughs take a long time to brew. During this period, technological progress is a slow accumulation of quantity. Some people call it a relative standstill.

Because all development at this stage is balanced.

But when these amounts accumulate to a certain extent, technology achieves a single breakthrough in a short period of time, and then new technologies burst out. This is what everyone often calls the 'inflection point'.

There are many key turning points in history. For example, Newton invented calculus in 1666, discovered the three laws of mechanics and the law of universal gravitation, and completed optical analysis. From then on, the world entered a scientific modern society.

Therefore, this year is regarded as a turning point in the history of science.

By 1905, Einstein completed the molecular theory, discovered the photoelectric effect, and proposed the special theory of relativity. This opened up the scientific modern society, and subsequently all fields of physics flourished.

In 1965, Dr. Moore proposed Moore's Law, and at the same time, large-scale integrated circuits appeared in the industrial world. This began the rapid development of the information industry that lasted for half a century.

So we ushered in the third turning point - the Internet.

The emergence of each turning point will trigger profound social changes, and they usually follow a pattern.

That is: new technology + original industry = new industry.

Those entrepreneurs who accept this law intentionally or unintentionally often stand on the top of the wave in the new era.

The first technology in modern times that brought changes to the entire society was the power revolution with the steam engine as its core.

After Watt invented the universal steam engine, many ancient industries with thousands of years of history were transformed into new industries after using steam engines.

The most famous example is the textile industry.

The industry has been a one-family cottage industry for thousands of years.

The British textile industry had developed greatly before the advent of the steam engine. Various textile machinery driven by water energy were high-tech products before the 19th century.

Their production efficiency is much higher than that of purely handmade looms in the East.

But at that time, Britain did not produce enough textiles to be dumped around the world.

When steam engines were used in the textile industry, the situation was different.

The UK needs to open up the Eastern market to absorb all its production capacity.

When those foreign cloths were finally sold to China and India, the local traditional household textile industry that had existed for thousands of years disappeared in less than a hundred years.

Since then, the textile industry around the world has been redefined, and countries moving towards industrialization have begun to build yarn mills and weaving mills.

For a time, the textile industry became a brand new industry in the industrial process.

The same example is the transportation industry. On the ocean, the transportation efficiency and speed of ships have been greatly improved, making the world smaller and more closely connected around the world.

In land transportation, trains replaced horse-drawn carriages and became the main means of transporting passengers and freight.

A new transportation industry was born.

Humanity has ushered in the first scientific and technological revolution.

The world has developed for half a century, and the same pattern has been born again.

Existing industry + electricity = equals new industry.

The foundation for the communications industry, centered on telegraph and telephone, was laid during that period, and today it is one of the largest industries in the world.

Lamps, electric motors, and various home appliances have profoundly changed human life and production methods.

This is what we know as the Second Industrial Revolution.

After World War II, information technology brought about a new industrial revolution.

This includes two aspects.

First, a number of industries related to the generation, transmission and processing of information have been created, such as television, media, satellites, etc.

On the other hand, many industries in crude oil have undergone essential changes after using computers, such as the financial industry and agriculture.

Banking is a very old industry.

But in the past few hundred years, it has not fundamentally changed. To deposit, withdraw, and borrow money, you must go to a bank. Therefore, the size of a bank depends on the number of its business outlets.

This is true from the Medici family, the pioneers of the European Renaissance banking industry, to the Rothschild family, the later representatives of Jewish bankers, to the Rockefeller and Citibank, the later representatives of the American banking industry.

It took them several generations to travel around the world.

But even so, 99% of the people in the world it knows are still unable to use their financial services.

Transaction costs across banks are very high and cumbersome, so people have to carry cash or travelers checks when traveling.

But the advent of computers revolutionized the industry.

The development of computer networks and the use of automatic teller machines have made it easy to deploy bank branches all over the world.

Since the 1970s, industrialized countries have gradually realized inter-bank deposits and withdrawals in different regions, and even cross-bank withdrawals, thus giving rise to a series of world-class banking giants such as Morgan Stanley, Citigroup, and HSBC.