I heard that Warren Buffett and John Malone were going to invest in EMI Music, and two banks in the United Kingdom proposed a debt-to-equity swap and wanted to participate in it. It seems that Mr. Buffett's reputation is still very good, and he dares to take such a risk. But if he is allowed to suffer and risk losing control, he will certainly not agree. It is no wonder that the negotiation of an acquisition often takes half a year to a year, and there are so many twists and turns in the middle. Fortunately, Buffett and John Malone are not good at stubble and are very good at dealing with these things. As a result, they gave a surprising reply to Zhou Shi: It is not impossible to convert debt into equity, but it will certainly not be now. Zhou Shi quickly understood, thinking that this was also to give him a spur, if a few years later, the business performance of the new Baidai Music Group did not improve, then, hehe!

Capital is never warm, and if he chooses to give his trust a little encouragement, and does not let him slack off because of too lenient conditions, it will be beneficial to both parties. So although Zhou Shi was not very happy, he did not object, and soon reached a preliminary cooperation agreement with HSBC Holdings. RBS finally chose to withdraw and did not participate in the debt-to-equity swap, "state-owned enterprises", after all, it is different.

No matter what, the world will not revolve around you alone, and no matter how great Yahoo achieves, what should happen in this world will still happen. For example, the domestic photovoltaic industry was threatened by anti-dumping from Europe at the end of August. In the United States, the anti-dumping campaign against China's photovoltaic industry is nearing its end. It is said that anti-dumping duties of up to 25 per cent to 1 per cent may be levied.

The cause and effect of this incident is not important to Zhou Shi, anyway, he does not have any investment in this industry, he is not very optimistic about the entire solar industry, not to mention his production and manufacturing pollution and huge energy consumption, not to mention its comparison with hydropower and nuclear energy, etc., just look at the panels to know how big there is in China. Well, this reason is not sufficient, at least the Sahara has a large area of free space.

The reason why Zhou Shi paid attention to this incident is that since there will definitely be anti-dumping duties, it will definitely deal a blow to the industry, that is, there is not as much demand for polysilicon raw materials as before. So how much hope will there be for SunEdison's wafer industry? Zhou Shi and the Araba people will join forces to enter the wafer market.

Lenovo, the negotiation between the concession and IBM basically collapsed, the conditions of the two sides were too different, and GLOBALFOUNDRIES stepped in at this time, just to let the franchise withdraw. Anyway, Zhou Shi can basically get what he wants, and he doesn't care about this. It's still more important to Yahoo, there has been a breakthrough in artificial intelligence, and next year's search should also have its own unique capabilities and progress. Intelligent search is their only direction. Of course, Zhou Shi didn't know how to achieve it, and even how to publicize it had to rely on Mayer and others to be responsible. It's just that if you think about it, you know that Google has accumulated in the search field for so long, and there is no new possibility to challenge him except for intelligent search. As for the weakening of the search function after the popularization of artificial intelligence, that is a matter of the future, where would short-sighted investors care about such a long-term thing. Besides, many fund companies on Wall Street care about short-term returns and harvest a batch of results in the shortest possible time, and as for the future, where will they care about the future of these companies. Wall Street investors are already abusing their rights, while ChinaAMC investors are struggling to guarantee their rights, or they are complicit in entrapping ordinary shareholders.

Yahoo also has a MIPS, and the MIPS company, which is shrinking its business, has launched a patent lawsuit against ARM to make up for its losses, and funding is not the only purpose, patent cooperation is an option that can also be considered. Swapping hundreds of millions of dollars for the identity of the leader of an open source architecture has made him a lot of criticism, and it is really difficult to say whether this investment can be recovered after open source. So far, many companies have consulted Yahoo's open source solution, but because the matter of Yahoo Brain has not been settled, there has been no progress. You must know that the core of artificial intelligence is algorithms, and hardware and data are the foundation. It takes time to consider what Yahoo Brain and Yahoo Cloud Computing require to design their own dedicated CPUs and GPUs, and Yahoo is also recruiting for talent.

When it comes to the field of CPU design, I have to say Jim Keller, who is the main developer of Apple's A-series chips and the father of AMD's later ZEN architecture, is a well-known figure. Yahoo has long been approaching someone to communicate with him, hoping that Jim Keller can come over and preside over the open source work of Yahoo's MIPS architecture and the development of future artificial intelligence chips. Jim Keller has even come to Yahoo to work on the design of the MIPS architecture open source initiative. But......

"Simon, you are a person with ideals, and I believe Yahoo's choice is on the right path, but the artificial intelligence chip is still very immature, and at this time, AMD needs me even more, so I can only say sorry! I hope we will have a chance to cooperate in the future!" Jim Keller

"AMD, do they still have hope?"

"I don't know, but the market can't be monopolized by one company, and if AMD can't put enough pressure on Intel, the CPU market will stagnate, and Intel will make super profits effortlessly. "Jim Keller

Thinking of Intel's strategy of squeezing toothpaste, consumers can't buy conscientious products at high prices, AMD is really too angry, all kinds of products and various problems, the most typical is the problem of high energy consumption, Zhou Shi still remembers it vividly.

"I don't know how to persuade you, artificial intelligence, cloud computing is the direction of the future, I don't want to be monopolized by Intel, the market always needs more challengers. "Zhou Shi

"In my opinion, in a few years, there will not be much progress in AI chips, and Yahoo will not have that much demand for them. And we may not run out of opportunities to work together in the future!" said Jim Keller, pointingly

"Okay! I'll ......" Zhou Shi wanted to say something, but he didn't say it, no matter how much persuasion at this time was superfluous, by the time Jim Keller was at this time, he had already achieved financial freedom, and he was working more for his ideals.

"Thank you very much for your trust, but it's an ideal of mine to help AMD rise, and although it's difficult, I want to try. "Jim Keller

Jim Keller is still gone, Zhou Shi sighed regretfully.

"What is AMD's market capitalization now?" Zhou Shi asked CFO Tim Morse

"AMD's stock price is around $3.5 and its market capitalization is around $2.5 billion, but their share price has been in a downward channel and will continue to fall in the future. "Morse

"$2.5 billion, how much cash reserves do the company have?" said Zhou

"The company still has about $3.5 billion in cash, but ...... Tim Morse, Yahoo's cash has been tight.

"If you can buy it, you can buy it, and if you can't buy it, you can buy shares and become their major shareholder!" Zhou Shi said undoubtedly.

(End of chapter)