Money Likes Me Too - Chapter 32



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Episode 32.

Professor Jeffrey Compton was a professor with 30 years of experience.

‘Nothing will happen today either.’

The field of ‘artificial neural networks’ was not mainstream at best. No, it was close to eccentric. As an academic discipline, it was like that. It was very sad. If it weren’t for tenure (lifelong professorship), I would have been kicked out long ago, saying that the research funding was too high.

“Is the professor here?”

Alex Murphy, who had been sleeping, woke up with a start at the sound of the door opening.

“What have you got?”

“I don’t think so yet.”

Professor Compton sat down in his seat.

There are two meanings to this phrase: the wish that nothing happens and the hope that it does.

Compton’s mind was now on the latter.

It had been over a month since they had submitted their AI, ALEXIS, to a competition called the ImageNet Recognition and Labeling Challenge (ILSVRC), a computer vision competition that required AI to learn from a set of over a million high-resolution images and label new images presented to it.

It goes without saying that the team with the fewest errors wins.

There has never been an AI that has made an error rate of less than 20%. He was confident that Alexis would show an error rate of around 10%.

If that were to happen, then winning was a given.

‘That’s why I have to get in touch.’

We have also created a homepage in advance to use for promotional purposes.

Alex, who is a master at boosting GPU performance and writing neural network code, was truly abysmal in web design. It was enough to make even Compton, who doesn’t know much about it, sigh, so that says it all.

However, nothing changed in the afternoon.

“Shall we stop?”

All done. Instead of answering, Alex glanced at the monitor one last time. It was his last routine before turning it off.

“Teacher, professor.”

Alex made a deflating sound.

“Why all of a sudden? Is something broken?”

“That’s not it. I got an email. Come and see.”

“what?”

Is it a win? What is it? That’s what I wanted to ask.

Compton gathered his wits. He slowly walked towards Alex’s monitor. He thought that even if he was surprised, he shouldn’t show his surprise.

‘KOKOA?’

The address was strange. No matter how I looked at it, it didn’t seem to have been sent by the organizer.

“The sender seems a little strange?”

“It seems so to me too.”

“No matter how I look at it, an address starting with K is definitely not Stanford. Surely this isn’t spam? It’s from London, England or something.”

“Professor, no matter what, I don’t think that’s right.”

Alex drew the line at jokes that weren’t even funny.

“Let’s just take a look.”

“yes.”

The mouse clicked. The contents appeared. It wasn’t long. Compton began to read aloud.

“Dear Professor Jeffrey Compton of the University of Toronto, I am Si-Hyun Kang, the CEO of Cocoa Labs, a Korean IT company. Who is Si-Hyun Kang?”

Four surprised eyes met. I continued reading.

“Willing to acquire technology?”

“You want to buy our Alexis with money?”

There were more than one or two surprising parts.

Of course, it was as planned. I had plans to sell it. But that was after the results came out. Nothing has come out yet.

‘What if this person saw potential in our Alexis?’

I had a question.

‘If someone with that much vision would send an email like this just because of a possibility, wouldn’t it not be a bad choice to entrust Alexis’s fate to this person even if Alexis succeeds later? In any case, it’s something we’ll have to wait and see.’

He was the first person to praise me. He firmly engraved the name Cocoa in my heart.

At that time, Korea.

‘Finally sent it.’

I went to the website address I got from Lim Kyung-jun. It was like a beggar. I liked it. It felt good from the start.

‘This is the representative email address.’

I started writing sentence by sentence.

‘······ I think Alexis is a great technology that will change the times. I don’t know which big tech company will send you a love call in the future, but I would be grateful if you would just remember our Cocoa Labs name.’

If you want to spend money, you have to do this much. It’s not easy.

***

A month later, Cocoa Global CEO Park Hyung-do also received an email from the headquarters. It was an email from Kang Si-hyeon.

‘What America all of a sudden?’

He has been very busy these days. He has to take care of not only the stable operation of Japan’s CocoaTalk, but also expansion into other countries.

So far the results haven’t been bad.

[ Cocoa Global, a great success in Thailand, the first Southeast Asian market, Thai people surprised by thorough localization, ‘Cocoa is Korean?’ (comprehensive) ]

[ CocoaTalk enters Taiwan! ······ ‘No need to be conscious of success in Thailand.’ Taiwanese law must be followed in Taiwan. ]

There was no other reason.

There was a lot of urging from the Korean headquarters. Most of it came from the CEO. They were urging us to invest somehow. In the end, we planned to expand to other countries.

I went to Thailand and Taiwan too.

We also entered the US market, although we only established a local corporation. However, it was not enough.

The US market was not easy.

WhatsApp, the traditional powerhouse, and Facebook Messenger, which came out late with a messenger app, had built a stronghold. It was impossible to break them. In the US, CocoaTalk only managed to maintain a 1% market share. It was together with other messengers that were struggling.

‘Even if it’s only 5%, no, 3%, it’s still a show of respect.’

It was a pity. That was the limit.

“Mr. President, have you eaten?”

“it’s okay.”

Go Woong-cheol, Vice President of Southeast Asia, asked as he entered the office. He was Park Hyung-do’s school junior. He was in charge of sales at Google, but Park Hyung-do scouted him and brought him to Cocoa.

“Aren’t you busy?”

There was no reaction to my nagging. We were that close.

“Why wouldn’t I be busy? In Thailand, I have to market to Thailand, and in Taiwan, I have to market to Taiwan. And what about improving functions? I feel like I don’t have enough even if I had two bodies.”

Park Hyung-do did not fall for such empty promises.

“How is it that you are so busy here?”

“How did you get here? I walked.”

Go Woong-cheol, who had made a cold joke, brought up the main point.

“I’m talking about what was decided at the last board meeting. Are you really going to go ahead with it?”

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“Then is it real or fake?”

“No, it’s not that I don’t know, I just don’t understand it yet.”

He spoke passionately.

“Does it make sense that a messenger with a mere 1% market share would sign a packet-only spectrum use contract with a top US carrier like Verizon? As the report says, it would cost astronomical amounts of money. It doesn’t seem like it would increase sales either.”

‘A messenger with only 1% market share’ was the story of CocoaTalk in the US.

“Don’t you know that?”

“If you know, you have to change.”

“There are things you know but don’t know. Didn’t you learn that from Google?”

Does Google really teach you that? Go Woong-cheol tilted his head. He had never heard of such a thing.

As I was about to speak again, Park Hyeong-do cut me off.

“The CEO, no, the major shareholder’s intentions are firm. If the US CocoaTalk has missed the golden time to be integrated into their own lifestyle, it would be a strategic decision to focus on the mobile business platform and target the sweet spot with fast transmission speeds and 0% accuracy in morning delivery. I don’t think that’s a completely wrong idea either.”

‘Except that the cost would be astronomical,’ he said, and put that thought aside.

Once you’ve made a decision, go that way. It was common sense. If you hesitate and end up with nothing, that would be the worst possible ending. It seemed like Go Woong-cheol had the same idea.

“Anyway, it’ll be really fast.”

Park Hyung-do snickered at those words. It was because he thought it would really happen. Anyway, Kang Si-hyeon was a major shareholder who was really difficult to serve.

Around that time, Sai’s was released in Korea.

It became a huge hit in Korea with its exciting music video and heart-pounding electro sound. It was a sensation.

– Oppa, you’re the Shinsadong style!

All the elementary school students followed the dance.

‘Is this how it is?’

Song Yu-hwa was amazed by Kang Si-hyeon’s insight.

Meanwhile, DMM Research’s ‘Alexis’ also won the ImageNet Challenge. (Except for some developers) no one was interested. Among them was Jaehong Yoo.

‘Is this really how it is?’

I couldn’t believe it. Yoo Jae-hong also realized Kang Si-hyeon’s crazy insight.

***

It is now November 2012.

The cold wind blew and became a global hit. It surpassed Justin Bieber to become number one on YouTube.

‘shit.’

It was heartbreaking.

A while later, I received an email from Professor Jeffrey Compton of DMM Research.

‘I’d like to inform you that our AI Alexis has received acquisition offers from several other companies, including Cocoa Labs, with good terms. I can’t tell you for confidentiality reasons, but… Here’s my offer. The AI ​​conference I’m attending is being held at South Lake Palace (the name of the hotel) in Lake Tahoe. If you come there, we’ll hold an auction together.’

‘It’s an auction······.’

The rules are as follows.

Starting price is $10 million. Meet and start bidding. The method is a bid auction. The bid price is at least $1 million. The last bidder presents the price, and if no other bidder appears within an hour, the auction ends.

Didn’t they say that if you desperately want something, heaven will help you? Another opportunity came to me who had been in despair because of my relationship.

‘My journey will finally end in America.’

If I could just spend all my money, I could spend it for a week, or even a month. I was excited.

That’s how the business trip to the United States was planned.

The plane was headed to Reno-Tahoe International Airport.

“Please get off.”

Chief Yoo Jae-hong, who was stylishly dressed in sunglasses that didn’t match his outfit, spoke to me. The weather was warmer than in Korea, perhaps because it was California. I felt like I was on a tour.

The beat of could be heard from afar.

“This is not a big deal.”

“That’s right.”

I had to listen to that song even after coming to America. It was heartbreaking, but I pretended not to care.

“Sir! This way, this way!”

Cocoa Global CEO Park Hyung-do was waiting for us.

“This time, ‘unlike last time,’ I’m glad I found you first. I’ve prepared the car. Follow me.”

South Lake Palace Room 702.

The world’s biggest tech executives gathered in front of a 60-year-old professor to conduct an auction that will go down in history.

The room was filled with silence. It was the tension of generals before war. They were searching each other with their mouths tightly shut.

“Before we begin, would you like to say hello?”

In the awkward atmosphere, Professor Compton spoke first.

“Hello. My name is Alan Davis, Vice President of Global Technology at Google.”

“I am Liu Xiaojun, Chief Researcher at Maidu. Nice to meet you.”

“I’m Daniel Jae Kim, an M&A executive from Microsoft. Nice to meet you.”

Next it was my turn.

“Hello. I am from Korea. I am Kang Si-Hyeon, the CEO of Cocoa Labs. Nice to meet you all.”

“korea?”

Liu Xiaojun curled the corners of his mouth at my answer.

“I don’t know what Cocoa Labs does, but isn’t Korea the country that created the ?”

“you’re right.”

“I acknowledge the song, but Korean tech is nothing special. You probably don’t have any money either. Don’t waste your time and just go sightseeing. Alexis will be taken care of by our ‘Mydu’, who is on par with Google and MS.”

Liu Xiaojun said, frowning.

‘Fighting is great, isn’t it?’

Judging by his attitude, this guy seemed like he was going to raise the auction price a lot. He wouldn’t have done that without that much confidence. That was the one thing I liked.

“I think we need to first agree on how to conduct the auction.”

Professor Compton cleared the air in the overheated room.

“How about using Gmail?”

The first proposal was made by Google’s Alan Davis.

“I disagree. Gmail is Google’s. If we look into their mail server, we’re basically opening up our deck and playing cards. Let’s just do it by hand.”

“This isn’t Sotheby’s, this is a place where global big tech companies gather. Writing by hand is sloppy. Let’s find another good way.”

I raised my hand.

“Can I make a suggestion?”

“Go ahead.”

Professor Compton gave his permission. It was a warm look.

“If Gmail doesn’t work and handwriting doesn’t work, how about our CocoaTalk?”

When I said this, questions appeared in everyone’s eyes. They looked like they were asking, ‘What is CocoaTalk?’

“I agree.”

Surprisingly, Liu Xiaojun came forward in favor.

“Cocoa won’t last long at auction anyway. It’s no use looking into it. I agree.”

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