Urban God-level Youth-Chapter 557 - 559: Market Value Evaporates by a Hundred Billion

Someone couldn't help but ask, "Mr. Qin, how did you manage to do this?"

Qin Hao smiled and said, "Our company has an Artificial Intelligence monitoring system; such a concept has appeared in science fiction movies before. It was about controlling the global network, traffic, military, government, and other systems with a supercomputer AI, but currently, we haven't reached that level of technology."

Hearing Qin Hao's words, these people were somewhat shocked. They were leaders from various departments and were quite knowledgeable.

The concept of Artificial Intelligence was something they had heard of, one of the main technologies of the future.

A middle-aged man then asked, "Mr. Qin, to what extent has your company's AI technology advanced?"

Qin Hao said, "Currently, it can cover a large corporation, building, or administrative department without any issues. We are still researching servers with better performance, and maybe in the future, we might see an AI that can monitor an entire city."

The person from the Security Department said, "Mr. Qin, how much does one set cost? Our Security Department would like to purchase one."

Qin Hao hesitated for a moment and replied, "We originally did not sell this technology to outsiders, but you are a national department."

"I'll make an exception for you, offering a bit of a discount. One set will cost five hundred million Xuan Country Coins, including advanced wireless surveillance cameras, smart servers, and other equipment."

Qin Hao knew that these departments' annual budgets were extremely high, so five hundred million was trivial for them.

The man from the Security Department nodded, "Okay."

Qin Hao smiled and said, "You see, this is our advanced intelligent wireless surveillance, previously it was wired. Then we developed wireless intelligent surveillance, which you don't need to worry about being interfered with. The signal is not the usual type; what we have here is a superluminal direct signal, an interference-resistant signal, providing ultra-clear images and very clear recorded audio."

The people in the reception room turned their heads towards a corner of the wall, where there was a fist-sized black sphere with a crystal-cut surface, full of technological aesthetics,

This was the latest type of wireless intelligent surveillance camera, with 360 degrees of unobstructed monitoring.

A person from the Network Information Department said, "Mr. Qin, regarding the issue of Xingyu Network being free to access, we believe it somewhat disrupts the current market balance, creating unfair commercial competition."

Qin Hao smiled and said, "If a business operates with the intention of pushing out competitors and monopolizing the market by selling products at below-cost prices within a certain market range or period, it is considered unfair competition by the law."

This was a clause in the legal provisions, designed to prevent unfair commercial competition.

The crowd was stunned by his words. You know what you are doing yet still you persist? If it weren't for someone backing you up and Xingyu Network's huge influence, it would have already been taken to court.

Qin Hao continued, "There is another clause in the law: if a business conducts legitimate price competition based on improving technology, reducing consumption, and lowering costs, the law recognizes and protects such actions."

Xu Jiejian and others nodded slightly, but no matter what you say, there definitely are costs involved, and since you are offering it for free now, that constitutes unfair competition."

Qin Hao smiled and said, "Actually, our Xingyu Network is not free, so there isn't any unfair competition as everyone says."

Charging? Blatant lies.

You are clearly offering it for free, and billions of people across the country know it, yet you claim it's not free?

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Xu Jiejian couldn't watch any longer, "Cough cough, Xiao Hao, are you saying there will be charges in the future?"

Qin Hao shook his head, "We are already charging. Hence, the Xingyu Network's freely accessible app software must pay a network maintenance fee to Xingyu Network Communication Company each month."

The people were all dumbfounded, "Those app companies have to pay a network maintenance fee every month?"

Qin Hao turned to Chang Jing and said, "Mr. Chang, please bring the contracts we signed with those companies so the leaders here can have a look."

Chang Jing stood up and left the room, quickly returning with the contracts, one for each person.

Seeing the charging mechanisms in the contracts, surprise flickered through their eyes. Who came up with this charging mechanism?

It was simply brilliant, indescribably clever.

…

These people had stayed in the Xinghai Company for about half an hour before leaving. They had understood everything necessary, gaining the unexpected bonus of insights into Artificial Intelligence.

In Chang Jing's office, Qin Hao said to Chang Jing, "Mr. Chang, how many software development personnel does Xingyu Network Communication currently have? Hire more experts and elites in this field, allowing Mr. He and his engineers to focus on Artificial Intelligence research."

Chang Jing nodded, "I have already poached two teams, nearly a hundred people, from several internet software companies. These are programmers who were among the first to engage with the internet and can develop various programs. Mr. He has already continued his AI research."

Qin Hao said, "Now, mobile payments are very convenient, and Tenglong Group's social software gets such high traffic volume thanks to mobile payments. Make Xinghai Social Software even more convenient and intelligent."

Inside Tenglong Group, Ren Huachen frowned deeply. Ever since Xinghai Social Software was launched, TT Social Software's traffic had noticeably declined, and the power of Xingyu Network greatly concerned him.

This was an entirely new software that could potentially overturn TT Social Software.

If it weren't for Tenglong Group's reliance on TT Social Software to form a complete ecosystem, the loss of users from TT Social Software would be even greater now.

In Ren Huachen's view, his own complete internet ecosystem couldn't withstand Qin Hao's assault, merely delaying the inevitable.

Once Qin Hao had enough software, relying on Xingyu Network to form his own internet empire, it would mark the collapse of Tenglong Group's internet empire.

Qin Hao's internet empire, strengthened by free and ultra-fast Xingyu Network, was what truly terrified him.

In his view, Qian Du Company would likely be the first to collapse, followed by Amao Net Shopping and himself.

Regret crept up in Ren Huachen's heart; if he hadn't been so aggressive initially, he might not be in this predicament today.

He then pushed this thought aside; even if they hadn't boycotted Qin Hao's company last time, given Qin Hao's ambition and character, he would have ventured into the internet and found opportunities to crush them.

Now, Qin Hao merely had more reason to attack.

Presently, Ren Huachen couldn't think of any solution to break the impasse. He had faced many such predicaments before and always had the confidence to manage and resolve them.

But now, he couldn't think of any solutions, which caused him sleepless nights.

Outside, a knocking sound interrupted the silence, then Ren Huachen's female secretary walked out, somewhat panicked: "Mr. Ren, our market value has evaporated by nearly a hundred billion Federation Coins in the past few days. Our market value is now less than five hundred billion Federation Coins."

[Second Release]