The tech industry is like this: crazy amounts of money get poured in during the early stages, and only after many technologies mature can you start making high profits.
Obviously, despite Tengying Group investing in the AI sector for over five years, it's still far from reaching international advanced levels.
After throwing in a total of RMB 80 billion, it barely managed to hit a global second-tier standard.
It's still a long way off from the ultra-first-tier AI tech levels of Google and NVIDIA.
Which is actually pretty normal—why else can companies like those achieve market valuations in the trillions of US dollars?
As far back as last November, he had already gathered the RMB 40+ billion needed for Tengfei New Energy's developmental plans for this year.
But now, even more funds are needed for 2022.
It's not just Tengfei New Energy that requires cash; the AI industrial park also needs funding.
He's now pulling AI intelligence into a standalone core project for development.
