Chapter 101 – Entrepreneurial opportunities

With the features added by Meng Fanqi today, Baidu can basically meet the first wave of government demands.

The function entrusted by Li Yanhong is also considered complete.

Indeed, as Wang Kai worried, if Baidu continues to focus on the project and the technical precipitation is not enough, it will still encounter the same problems in the subsequent demands.

However, this is bad for Baidu, but not for Meng Fanqi.

Of course, Baidu is not completely without technical strength. For example, based on the detection of vehicles, Baidu can completely do functions like license plate recognition.

Although the speed and accuracy are much worse than Meng Fanqi's at this stage, no one else has Meng Fanqi's technical level, so it is completely acceptable.

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"If the SkyNet project progresses smoothly, the next step should be facial recognition, right?" Meng Fanqi began to anticipate the government's needs.

The momentum of AI is indeed strong, but its application in government projects is not that much.

Among them, the largest in scale, the most widely used, and the most core demand should be facial recognition.

This technology has long been of concern to the government and has been used for the prevention and combating of major criminal activities since 2001, and was already put into large-scale use in 2008.

However, all of these methods are products of the old era based on traditional methods.

With the unveiling of deep learning by Alex, after Meng Fanqi led the real deep network, the speed and accuracy of facial recognition can make a qualitative leap.

According to the original timeline, in June 2014, Sensetime independently developed the DeepID series facial recognition algorithm, with an accuracy rate of 98.52.

While surpassing DeepFace of Facebook at the same time, the facial recognition capability of DeepID first exceeded the level of human visual recognition, thus breaking through the alert line of large-scale industrialization.

In August of the same year, Sensetime received tens of millions of dollars in financing, and in October, Sensetime Technology was officially established.

By 2023, Sensetime's market value was close to a trillion, and its initial success relied on facial recognition technology that exceeded human levels.

On that timeline, the residual network had not yet been proposed. Meng Fanqi pondered for a moment. At this time, even without using too many later technologies, just relying on the residual network + ArcFace, it should not be difficult to achieve a recognition capability of 99.5+.

Is it necessary to start a short-term business? Meng Fanqi hesitated on this matter. At this time, with his technical strength, he should be able to take down the facial intelligence part of the government system.

It is just unclear whether it is necessary to establish a small company with fewer employees, and whether it is qualified to contact the person in charge or department of the government.

If there is no qualification to enter the game, the company will be somewhat redundant, and in the end, it may be a result of being acquired.

Hmm, thinking about it carefully, it seems acceptable? Meng Fanqi looked at Wang Kai, lost in thought.

A very crucial point is that many AI technologies cannot be commercialized in a timely manner after they are developed, such as the basic technology of ChatGPT, attention mechanism -> Transformer -> GPT -> GPT2 -> GPT3 -> GPT3.5 (ChatGPT) -> GPT4.

The upgrade of this technology all the way is pure burning of money for the first five versions, and he may not be able to afford it himself.

But such achievements in large companies like Google are quite valuable.

And in order to lay out for the future, many technologies are ones he has to develop first, and under this situation, waiting for the right time in large companies is a better decision.

However, the huge SkyNet project and the funds that came earlier than expected made Meng Fanqi change his plans.

Meng Fanqi originally thought that he would not be noticed until the end of 2013, and it would not be until the middle and late 2014 that he could accumulate tens of millions of wealth, but he did not expect that before the end of 2013, he had already accumulated a lot of funds and was qualified to participate.

Meng Fanqi focused too much on the shocking technology after 2020, and somewhat neglected the early landing capabilities of technologies such as facial recognition.

If he could take over the facial algorithm part of SkyNet, his products would be spread all over China, and the company would also become a technology company endorsed by the government.

After explaining the code part of Baidu's multi-vehicle detection and tracking, Meng Fanqi called Wang Kai to the corner of the office, leaning against the window.

Wang Kai, a muscular man over 1.8 meters tall, at this moment looked like he was being cornered by Meng Fanqi, who was around 175, and the scene was somewhat strange.

"I have thought about it carefully. The demand for facial technology in SkyNet is a good opportunity that may not come again. It's also a matter of sharing with large companies. Now that I'm not short of money, some things are better off in my own hands."

The former has a smaller share, but it is stable and requires less attention. It is the best choice for early accumulation of assets.

Now that the funds are not a problem, it's time to take a big piece of the cake for himself."Bro! You finally figured it out! With this technology, you should definitely start your own business. There are plenty of brothers willing to give you a small share of the company in exchange for your dedication!" Wang Kai was overjoyed, the opportunity for financial freedom had come out of the blue.

"However, if we're going to start a business, we need to move fast. We must secure this project within two or three months." Meng Fanqi had developed too much technology and written too many articles in the past two years. Paying too much attention to company projects would be a waste of his talents, and he also lacked sufficient experience in senior management.

We should first secure several major projects with our absolute technological advantage, and then entrust professional company managers to handle the management.

"I can provide the funding to register a company and recruit some non-technical personnel to start developing the product. You should focus more on this matter. If we can achieve several key goals in the future, the initial members will have a certain percentage of the initial shares."

"What will be our first major technological product?" Wang Kai was initially overjoyed, but quickly calmed down.

Although Baidu's work was tiring, it had been on the rise. Joining Meng Fanqi must be the right choice, but he needed to clarify the situation and not act too rashly.

"The first core technology is a facial recognition algorithm that surpasses human capabilities." Meng Fanqi said this without needing further explanation, and Wang Kai immediately understood the implied meaning.

After all, he had gained a deep understanding of government projects during this time and knew that a high-precision facial recognition system was a very important government requirement.

"The facial detection algorithms on the market are still using old methods. I believe that with your skills, the product we develop will definitely outperform those existing solutions." Wang Kai suppressed his excitement and tried to think calmly.

"The demand for facial recognition algorithms is not limited to road traffic; it has a much wider range of applications in more detailed scenarios. Whether it's customs, public security government projects, or specific company attendance systems, even in combination with the popular mobile payments this year."

The more Wang Kai spoke, the more excited he became, while Meng Fanqi's eyes darkened when he heard about the company attendance system, recalling the unbearable past.

Applying his developed technology to the facial recognition attendance system would definitely earn him some merit.

"However, this matter is not so urgent. It will still take a few weeks of preparation. You should focus on your work at Baidu and the Tianwang project. If you really want to start a business with me, make sure to hand over your work early and not affect Baidu." After all, Wang Kai was still an employee of Li Yanhong, and to be fair, Li Yanhong had been quite considerate of him during this time.

So Meng Fanqi reminded him again, "If you want to find people through your other connections, like your former classmates and friends who studied AI, and you have ideas about starting a business with me, it's best not to poach people from Baidu's AI research institute."

Although most of the original members of Baidu's AI research institute had left to work on autonomous driving two years later, Meng Fanqi still didn't want to actively poach these AI talents.

It was partly because it would damage his reputation, and partly because he planned to get a large amount of data from Baidu in the future.

"I can provide this technology around the New Year, so you don't have to rush to give me an answer about whether you want to participate."

"Why wouldn't I rush? I'm so eager, I'll definitely follow you!"

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