Chapter 112: The Big Three of the Board of Directors

The first version of the Tiger algorithm has had a more effect than Meng Fanqi expected, which may be because the detection and investigation algorithm a few years later has reduced the dimensionality of the current speculative methods.

It may also be because the chosen area is more prosperous, and the overall economic situation of California is in the leading position in the United States, about the top five and top seven.

In economically developed places, there will always be more such speculation.

However, in any case, the Tiger algorithm alone has been preliminarily tested with an increase of nearly more than 10, and even if it is conservatively estimated, the final return will be more than 6-7.

According to the 2013 financial report, Google's advertising revenue in a single quarter in 14 years should be about $12.5 billion, of which the amount of profit from the new algorithm is likely to be about $1 billion.

Although according to the agreement, Meng Fanqi can only draw 3% in 14 years and 1% in 15 years, it is already an unprecedented myth to see 300 million US dollars in three months.

And it took less than a week to achieve this result.

What Meng Fanqi didn't expect was that this matter had even directly affected Google's board of directors.

It's no wonder that quarter-to-quarter growth is usually in the single digits at most, and this time with the increase in the algorithm, it's suddenly close to 20 percentage, and it's strange that directors who take the lion's share of the dividend won't notice.

I just didn't expect it to be so soon.

Today's hundreds of billions of dollars in Google is a Silicon Valley myth, and the board of directors of this myth is centered on founders Sergey Brin, Larry Page and former Google CEO Schmidt.

Google's most core and successful advertising revenue method is what Schmidt brought to Google.

Schmidt, who is no longer Google's CEO, is not fully retired, but continues to use his seasoned experience and wisdom to advise Google.

Over the years, he has been working for Google for many years, and he has dealt with many risks when there is no sign of them.

This also proves how correct and wise the two founders were to pull him into the gang back then.

The trio has always been in a one-motion-two-static mode.

Schmidt was at the helm of the overall process, proposing a number of plans to maximize Google's profits and wealth.

The two founders, as technical geniuses, have a veto power on the overall strategy and technical level.

Without Brin and Page, there would be no Google's strong search technology and unique spirit, but without Schmidt, Google would lack the strongest revenue capacity.

If we can't gradually extend our hands to so many other fields, we will not have the huge energy to reshape the Internet landscape.

Perhaps only someone like Schmidt, who has a strong technical background (Bell Labs) and has successfully achieved amazing results in the field of operations management, can work with Bryn and Page so equally.

And Schmidt, as the person who single-handedly tapped the potential of Google Ads from the source, is rightfully the one who can best understand the power of this algorithm update.

The advertising department's earnings judgment for the next quarter was on the boardroom's table, and there was no way for anyone to ignore the earnings lift of a dozen points.

About 5-6% is the estimated increase, and about 10% is the algorithmic return.

The key is that this thing does not cost anything, but simply optimizes the ranking of recommendation results under existing conditions.

There is no profit in the world.

"Genius, really a genius who makes money." Schmidt is well aware of how many rounds of Google's advertising system has been optimized, and the ability to easily cut out 5-6% from above is the result of the efforts of the entire department.

He Meng Fanqi single-handedly scored more than 10 promotions. Such an excellent ability to attract money cannot help but be appreciated by the board members.

Google's revenue also has to subtract some hidden costs that only the directors know about, and the actual effect of the algorithm improvement is actually better in the eyes of the directors than Meng Fanqi expected.

However, in addition to their joy, they also found that the percentage of algorithm providers was a bit staggering.

"Who signed this unlucky contract? According to this calculation, it will be divided into 300 million in a quarter, and 1 billion in a year. After getting down to business, Schmidt suddenly mentioned the astonishingly excellent test results, as well as the exaggerated share amount.

It's no wonder that Schmidt said this, as one of the three giants of the board of directors, he has only benefited from Google in the tens of billions of dollars over the years.

The founder, Larry Page, is worth $23 billion this year and is the twentieth richest person in the world.

Now a newcomer suddenly came, and the starting point was an algorithm that took so many places, and it felt outrageous to anyone else.

"Jeff signed it." On the other end of the video conference, Page's face darkened, and the signing was signed by Jeff, but as the current CEO, this sharing contract is his nod.

"Both Jeff and Hinton consider him a rare talent in the field of AI."

"How did artificial intelligence talents run to write advertising methods?" Schmidt was a little speechless, this contract seemed a bit outrageous to him, and he would never have signed it if he had been replaced. "How did you do it, you shared so much profit and went out."

"How could I have thought that his advertising algorithm was so slippery?" Page took over Google from Schmidt in 2011 and slashed out on projects that weren't making a profit.

And agreed with Jeff, focusing on unmanned driving and artificial intelligence-related projects, and this time recruiting Meng Fanqi is also for these projects.

"It's artificial intelligence that recruited you, it's better for you to go and give me an advertisement, right? Yours is the real thing. Page was happy and mixed at this time.

The heart said, no wonder Jeff's expression was strange after he came back, I guess he had already noticed it.

Originally, those image and artificial intelligence projects, even if they could be divided into tens of millions, it would take a year to say the least, right?

Who would have thought that Meng Fanqi would completely change to a completely different track, and before anyone came, he was waiting to see the 14-year financial report.

You are brought in to milk the cow, and you pluck the feathers of a sheep in your arms.

He also picked up the farmer's favorite one.

However, in the final analysis, more sharing still means making more money, and Schmidt immediately cared about the amount of sharing.

But seeing that it was only 30% in one year, and 10% in the second year, I still felt acceptable.

After all, the sheep has gained a lot of weight, and it has gained a few pounds, so it doesn't matter if it has less hair.

It's just that the three of them don't know at all, and this is just the first type of Meng Fanqi's round of advertising three-board axe.

You know, $300 million is not a small amount even for the three board giants.

Even Brin's Tesla shares, which he sold in anger because he suspected that his wife was having an affair with Musk, were only worth 360 million.

Then Meng Fanqi's every axe made the three board members repeat this heart-wrenching process again, and then felt that it was acceptable.

Fortunately, Meng Fanqi didn't remember much in this regard, and after a few rounds of plate axe swings, the moves were exhausted.

This is why he did not have conflicts with the members of the board of directors because of profit during his tenure.

"The amount of the share is too large to give too much cash. Equity, tax avoidance, there is still room for law in different continents, and this matter is arranged for someone to do it. Schmidt came to the final conclusion on the matter, "Cash still has to go where it is more valuable." ”

If Meng Fanqi were here, it would be very clear that the "more valuable place" Schmidt was referring to was the smart home company Nest.

In January '14, Google's $3.2 billion acquisition of Nister, the largest acquisition after the acquisition of Motorola.

Meng Fanqi will eventually make the same profits as this acquisition within a year, and considering this situation, this contract is indeed a bit outrageous.

Meng Fanqi, who was continuing to write code, had no idea that in addition to Google's board of directors, a former Google executive had noticed him.

and will be in contact soon.