254 The battle was fierce
After getting Chen Wenhao's approval, the company announced the response plan for the first time: in order to give back to old users and welcome new users, the small card series software will give individual users a free period of up to six months. At the same time, for enterprise-level intelligent modules, preferential prices are implemented.
However, the opponent's offensive is like the waves at high tide, and the waves come with ferocity and abnormality.
Three days after IB released its artificial intelligence software, Apple suddenly released a new product trailer unusually, and the most eye-catching thing is its new generation of mobile phones, codenamed Y, embedded with IB's latest artificial intelligence software, free support for multilingual translation and intelligent voice control. Several authoritative IT media conducted an evaluation at the first time and believed that the degree of intelligence was comparable to that of the small card series. After the evaluation results came out, the haze of Apple's mobile phone not being able to install the small card series software because of its relationship with Infinite Future Company was cleared in one fell swoop. In the first week of launch, the number of user pre-orders increased by 37% over the same period compared to the previous generation, especially in Asia, an increase of more than 40%. IB's stock price continued to rise on the day the presale data was released, while Apple's stock closed the day up 16% after a year of decline.
Then, a number of industry leading companies in the United States have issued announcements, announcing that they will use IB's intelligent customization module, this list of companies includes: ExxonMobil, Wal-Mart, General Motors, Citibank, American International Group and other Fortune 500. The Wall Street Journal even quoted insider information from people familiar with the matter that the five major U.S. arms companies are interested in purchasing this smart technology.
Subsequently, five members of the U.S. Congress jointly invented a statement recommending that the country enact an AI security review law. Congressmen led by Congressman Hunt said that artificial intelligence will be related to a country's security and future, and that American companies and companies investing in the United States must use artificial intelligence products that have been approved by the US security department. They called for the establishment of a safety list of AI products as soon as possible, and AI products that are not on this list must not be sold in the United States. This proposal, which clearly violates the competition of its own market, has even been promoted by many mainstream media.
In the eyes of industry insiders who are familiar with the ins and outs, this series of consecutive offensives is aimed at the poor Dagger of Kamodo. A well-known domestic financial magazine published a cover article analyzing the artificial intelligence product war, which argued:
More than a year ago, the companies in the opponent alliance lost a lot of customers because they couldn't come up with products that could compete with the small card series software, which can be described as aggrieved. This is also due to the particularity of software products, unlike other products, there is a gap in performance between ordinary products, and differentiated competition can be carried out, and the high-end market will not take the low-end route. How to differentiate software products? No, it doesn't work, it can't achieve the functions that competitors can achieve, and no matter how cheap it is, no customer will use it.
Now although there are comparable products, after all, the opportunity has been lost, how to disrupt the situation? How to overtake? The Americans chose free, which is undoubtedly the most brutal, but the most effective. Kamodo has made the same free strategy, but the company's revenue and cash flow will shrink significantly. If there is no major change in product performance, it will eventually become a competition of financial resources between the two sides. According to overseas media reports, other members of the opposition alliance will provide financial resources to IB in the form of signing paid service contracts. Although Kamodo has reaped a lot from its previous lead, it is difficult to be optimistic about the conglomerate of 13 large American companies.
In addition to market competition, US companies are also trying to further reduce the space for Carmodo to expand overseas by playing the "political-political card." Large U.S. corporations have a great influence on the government's decision-making, and this time with the help of the rising demand for national security in the United States, artificial intelligence and patriotism and security are linked.
……
All in all, the article is very pessimistic about the future of the Kamodo company, believing that this dark horse-like rapid rise, amazed the world with its products, and is in the limelight for a while, is likely to collapse and can only survive in China. The most likely outcome is to be reorganized and absorbed by the parent company Infinite Future Company and become a division of the group, providing intelligent program support for the group's products.
……
"Smack~" Chen Wenhao threw the magazine on the coffee table in front of him, and talked to Jin Wei who was sitting on the side with a smile, "The media in the south is not as good as a year after year, and it uses the idea of idol dramas to write business war articles, and the show has just begun, so I am in a hurry to give us a death-death notice." ”
"The southern department has always been like this, I like to play this set, the moon abroad is always brighter than the domestic one, and I don't realize that today's readers have brains to think, how can it be so easy to fool." Jin Wei shook his head and put the same magazine in his hand on the coffee table.
With the support of Chen Wenhao, after flashing nervousness and panic in the early stage, Jin Wei has shown the calm quality he has exercised as a senior manager of the enterprise in the past two years. In addition to translating the identified response measures into immediate implementation, he has been coordinating with the client and stabilizing the team for the past few days.
"However, Mr. Chen, this article mentioned that the Americans are fighting 'politics. We also have to guard against this. Jin Wei said: "The company has a good relationship with some local governments, and I plan to visit them in turn these days to see if I can win some support and policies at the government level." However, the most ideal outcome is that the central ministries and commissions can speak out or come up with a relevant plan that is beneficial to us, which requires the support of the group. ”
Chen Wenhao nodded, "You can do it, if necessary, you can promise to build a branch or R&D institution in the local area, these are the company's development plans." However, pay attention to the rhythm and steadfastness, do not be in a hurry, and be prepared for a protracted battle, especially pay attention to internal construction. ”
Seeing Jin Wei nodding solemnly, Chen Wenhao withdrew his eyes, there were some reasons why he didn't say it, and it was not suitable to say it before he did it. He specially rushed to Jianghai's Kamodo Company today, just to take into account the recent unfavorable news from the outside world, to cheer up all the employees of Kamodo Company, especially for the management. Since the establishment of the company, it has been used to smooth sailing, and now it is suddenly a-for-tat competitor, whether it is the company's strategy or personal mentality, there must be a greater adjustment. He hoped that after this incident, his team would be like a knife meeting a whetstone, and it would be sharper after sharpening.
He rushed to Jianghai City, in addition to appeasing the company's team, and Greylock's senior management came from the United States this time to meet him in detail.
For these two professional venture capital companies, the last month is simply a disaster, the Camodo company that can be listed after the American consortium hard scolded, in the investment community within the market valuation has fallen sharply, the original investment industry generally agreed that after the listing of the Kamodo company, the market value is likely to reach the range of 250 billion - 300 billion US dollars, but according to the latest valuation, this figure has fallen to 80 billion - 120 billion US dollars, the main reason for the judgment is the loss of market exclusivity.
In the shareholding structure of the company, Chen Wenhao has a decisive 55% stake, and Accel and Greylock are second only to him, each owning 12% of the company. At the time of the acquisition, the majority shareholders valued the company at $27 billion, and now in the past two years, even at the current low latest valuations, the investment in Accel and Greylock has increased by about four times, which is a very good return compared to the risk they took. It's just that there was once more than ten times the expected return, but in a short period of time, it was less than half, and it was even more frustrating than never hoped to get.
For Chen Wenhao, the bouncing behavior of Accel and Greylock at this time is undoubtedly a bit tiresome. The reason why these two wind companies were put into the market at the beginning was to use each other's resources and channels to help purchase various equipment and expand the market. Looking back now, the former item was done well and the other party helped a lot, but the latter item was not given much help. And in return, the four-fold income could not make the other party quiet, Chen Wenhao couldn't help but start to reflect on the original decision. Although he has alien technology ahead of his time, he still has a lot to learn when it comes to managing a business.
Thankfully, it's not too late. The sudden attack of the opposition coalition is both a challenge and perhaps an opportunity to solve the problem.