If CarOS were as overwhelmingly dominant as Microsoft’s Windows or Google’s Android, there wouldn’t be much of a problem. They probably would have just asked to make it usable for themselves.
However, the autonomous driving market is just about to open up, and most companies already have proprietary technology.
CarOS clearly possesses the most advanced technology compared to them.
But it’s not like there’s soone in the developnt team who traveled back from the future or brought in alien overtechnology.
It’s just the result of exceptional talents making well-inford decisions and moving fast compared to others.
Just like Isaac Newton’s saying about standing on the shoulders of giants, new technology is essentially a culmination of existing technologies.
In other words, what CarOS has developed could be replicated by other companies if they choose to.
How far ahead are they, really?
In my opinion, they’ve got about a three-year head start.
While three years might sound like a short ti to catch up, we’re not just sitting idle here waiting to be surpassed during that ti.
Depending on how they proceed, they could catch up or even pull further ahead.
Regardless, it’s certain that other companies will reach where we are in three years. Though if they hesitate here, they might just get caught up in no ti.
In this situation, several leading automotive companies have proposed technology partnerships and equity exchanges.
I asked Daryl, “What do you think about these proposals?”
“If you develop great software but don’t have the hardware to utilize it, it’s useless. In that sense, it’s welco.”
For CarOS’s technology to be aningful, it needs to be integrated into vehicles. Delaying comrcialization gives other companies a chance to catch up.
All in all, it’s not a bad thing. If managed well, software and hardware companies can exchange stakes and grow together.
It ensures CarOS secures automotive companies as allies. However, being a small to dium-sized company while they are giants, the possibility of being pulled around is high.
And that’s not the scenario I envisioned.
Among the companies where OTK Company holds stakes, which one is the most valuable from an external perspective? It’s FaceIt.
Faceit already occupies 30 percent of the access rate to Arican porn sites and is profitable through paid subscriptions. However, in my opinion, it’s different. The difference lies in the market size. No matter how big the porn market is, it can’t compare to the automotive market. Even if you can live without watching porn, can you live without a car? (Maybe so people can?) If CarOS succeeds, it will dominate a unique position like Windows on PCs or Android on smartphones! Of course, existing automotive companies won’t just stand by; they will probably first bend a knee and extend a hand.
“What if we refuse?” Sergey nodded gravely at my words. “We will face constraints and pressure. As you know, current automotive and IT companies are joining hands and rapidly advancing their technological capabilities. We need to form alliances quickly.”
I cannot be unaware of this fact. After all, CarOS itself is a company created by the collaboration of AMZ, Hitachi, and Eunsung Motors.
Ryan also interjected, “Competition is intensifying. You are aware that Seosung Electronics acquired Herman for 8 billion dollars a month ago. Although known to the public as a high-end audio brand, Herman is actually a powerhouse in the automotive-related B2B market.”
This acquisition signified Seosung Electronics entering the autonomous driving and automotive field. They aid to overco their lagging technology through rgers and acquisitions. Rumor has it that Seosung Electronics provided the money when a financial company lent funds using CarOS shares as collateral. If this rumor is true, CarOS would have ended up with Seosung Electronics if we hadn’t repaid the money on ti.
Leaving aside technological issues, CarOS’s current situation is not so rosy. They need continuous investnt, but cash is running low, risking missing the window for comrcialization. Perhaps cooperating through a partnership, even if it ans giving up shares, can alleviate imdiate challenges and expedite comrcialization.
However, that’s only if things go well. They could end up just an average company dependent on multiple automotive companies or, after so collaboration, those companies might snatch up their technology.
Judging by the atmosphere, it seems they had discussed giving up so shares and the extent of cooperation.
Well, given the circumstances, they probably didn’t have many other alternatives at the mont. If they had planned to give up shares, I wouldn’t have bothered coming this far.
I looked around the eting room and proposed a new idea.
“Let’s just make cars.”
Everyone was taken aback by my words. It seed that they never even imagined such a statent would co out of my mouth.
Deryl asked in astonishnt, “W-what do you an?” I recounted sothing he had said to before.
“In the past, cars were just machines powered by internal combustion engines. But now, they are evolving into giant electronic products.”
Machines could operate solely on hardware, but electronic products always required software.
“We have the software. So instead of being dragged around by hardware companies, let’s make the hardware ourselves.”
Steel is often referred to as the staple of industries because it is the fundantal material on which industries are built. That’s why even in Korea, we used the reparations we received from Japan to build a steel mill in Pohang.
If steel is the staple of industries, then cars are the al made from that staple.
If a country develops and manufactures complete vehicles on its own, we can roughly estimate the level of its industrial and technological capabilities.
Therefore, it’s not an exaggeration to say that cars are a concentrated essence of all industrial technologies.
“Making it ourselves will take too much ti and money.”
Money is not a problem.
But ti is. From sketching to the finished product, when will we be able to complete it?
The automotive industry is undergoing rapid changes. Experts predict that the changes expected in the next 10 years will be greater than those that have occurred in the past 100 years.
To seize the opportunities brought by these changes…
“We’re considering acquiring automotive companies.”
Money is soon to be an opportunity.
If it were pre-Brexit, aside from alliances, it would have been hard to find other solutions. But currently, we have $3 billion in cash.
With this amount, we can acquire most automotive companies and still have leftovers.
***
After finishing the eting, guided by Henry, we headed to the accommodation.
It was the top floor room of a 5-star hotel. Inside, the duplex structure overlooked the San Francisco Bay through glass walls.
As Taek-gyu entered, he exclaid, “Wow!”
I looked around inside and said, “This is too good for just the two of us.”
Henry smiled and said, “I’m glad you like it. Feel free to let know if you need anything.”
This must cost over $10,000 for one night, right? Even though we’re Golden Gate VIP custors, they seem to be treating us exceptionally well.
After Henry left, we plopped down on the sofa.
Taek-gyu grabbed a cola from the minibar and tossed it to . We usually don’t use hotel minibars, but it’s fine since we’re not paying.
“Have you looked into any car companies to acquire?”
“If we have the money, there are plenty to buy.”
But it’s not as simple as it sounds. Acquiring a car company is different from acquiring a startup. Car companies co with brands, factories, nurous workers, and subcontractors. Due to their significant impact on the local economy, not only contracts between parties but also governnt approvals are necessary.
Depending on the situation, they may receive active support. However, once you invest, it’s hard to withdraw. Therefore, acquisition decisions must be made carefully.
If we make a wrong purchase, it could beco a money-eating pit.
Taek-gyu sipped his cola and said, “But if Eunsung Motors is the goal, can’t we just join hands with Daimler or Toyota and compete?”
“Wow!”
It’s a great opinion that’s hard to believe ca out of this kid’s mouth. But…
“When Nikola first made an electric car, existing car manufacturers laughed at it. The performance was not great, it couldn’t run for long, charging took a long ti, and on top of that, they said who would drive such an expensive car. But as the electric car market opened up, Nikola saw explosive growth.”
Currently, Nikola’s market cap threatens even that of Eunsung Motors.
“Autonomous driving technology will change the world more than electric cars. To completely dominate that market early on, bold investnts are needed.”
Building an alliance excluding Eunsung Motors is one way, but in that case, other companies end up benefiting.
Regardless of emotions towards Eunsung Motors, business is business.
“If we have enough investnt capital, why should we share with other companies when we can eat it all ourselves?”
Taekgyu nodded.
“Well, producing both software and hardware like NPL seems like a good idea.”
NPL produces smartphones, PCs, and tablets with their own operating system. They earn huge profits from both software and hardware, securing the top position in global market capitalization.
“There’s no law saying we can’t beco like them.”
As they spoke, they started feeling hungry.
“Dinner?”
“I told Henry.”
Unlike workaholic Hyunjoo, Taekgyu and I believe in enjoying life moderately. Even if we ca to the US for work, we should also do so sightseeing and enjoy delicious food.
So, we suggested to Henry to have a al together and asked him to find a good restaurant nearby. Ding dong!
Suddenly, the doorbell rang.
Opening the door, Henry was standing there.
“We are ready. Shall we go?”
We got into the limousine waiting in front of the hotel. While on our way to the restaurant, Henry asked us:
“My grandfather happens to be nearby. Would you mind if he joins us for dinner?”
I nodded.
“Yes, that’s fine.”
“I’m okay with it too.”
The restaurant was located just outside San Francisco. It had a cozy atmosphere, more like a ho than an upscale restaurant.
Following the guidance of the staff, we entered to find the inside set up like a garden with chefs grilling steaks orders on one side.
“Oh! It slls so good.”
We sat at the reserved table. As we placed our orders and waited, a man dressed in a suit approached us. He was an elderly man with neatly grood white beard and a thin physique. Perhaps in his 70s?
Wrinkled face adorned with golden-rimd glasses, a gold ring on his finger, a cane in one hand, and wearing a fedora on his head. It felt like seeing a western elder character straight out of a TV show.
The old man spoke.
“It’s been a while, Henry.”
Henry introduced the old man to us.
“This is my grandfather.”
They resembled each other so much that it was obvious they were related.
We stood up from our seats to greet him.
“Hello, I’m Kang Jinhoo.”
The old man looked at with a childlike expression.
“eting the CEO of OTK Company. I’m truly delighted.”
“······.”
He knows about ?
Judging by Henry’s expression, it seed he was aware too.
Although no one asked to keep it a secret, I didn’t know that everything about had been disclosed. Is it okay like this?
With a smile, the old man seed to know my thoughts.
“I’ve heard about your contributions from a friend.”
“A friend…?”
“Chase.”
This old man is a friend of Chase Southwell?
Taking off his black fedora, the old man politely introduced himself.
“I apologize for the late introduction. My na is Jas Clark Goldman.”
Taekgyu spoke in Korean.
“Your na sounds familiar, where have I heard it before?”
I opened my eyes wide, lost in thought.
“Wait, could it be…?”
Jas C. Goldman?
The CEO of Golden Gate, known as the recluse investor?
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