（文/观察者网 张志峰） 从文档工具到AI协同平台，拥有37年文档处理积累的金山办公，转型B端业务的过程中，找到了一条为千行百业数字化转型赋能的新路径。 1月27日，金山办公正式宣布，旗下一站式AI协同办公平台WPS 365构建的"企业大脑"已在华东地区组织级客户中率先落地，在业务效率提升、知识资产盘 活等方面取得多项关键成果，为金融、高端制造、航空等多个行业的数字化转型提供了坚实支撑。 "当前，企业AI应用正经历从'以模型为中心'到'以数据为中心'的关键转变。"金山办公助理总裁朱熠锷强调，数据质量已经成为决定企业AI应用效果的关 键，只有让大模型真正掌握企业知识资产，才能让AI在实际业务场景中发挥实效。 金山办公副总裁吴庆云表示："高质量数据已经成为制约今天AI能不能在现有技术水平下发挥作用的关键制约点，企业级AI建设的首要任务是完成对非结构 化数据的收集和治理。" 针对这些痛点，WPS 365提出了"三步走"实施路径：先通过一站式办公平台特性归集散落的非结构化数据，再依托知识增强生成（KAG）架构将数据治理为 可复用知识，最后将这些知识嵌入办公流、业务流与决策流，形成"企业大脑"的核心能力。 在技术支撑方 ...

今年的【问诊2026中国经济】专题，观察者网将聚焦"十五五"开局年的各种机遇和挑战。专题的第二 篇，上海交通大学高级金融学院张春教授与我们分享了他的精彩看法。张春教授长期关注离岸人民币金 融体系，是该领域既具国际视野，又不断探索中国路径的金融学者。 张春表示，中国也在建设黄金相关的储备体系。"上海黄金所已经在香港建了仓库，海外投资者来中国 买卖黄金不用担心，他们可以在香港实现交割。还有传言会在中东建分仓——就是说投资者买了上海的 黄金，他们可以储藏在其他国家或地区，中东或者新加坡，都是有可能的。" "这样就使得黄金在全球的定价权，会越来越多地掌握在中国手里，"张春强调，因为中国本身就是黄金 生产大国，又可能是最大的持有者，这会加持中国人民币的储备资产能力。 本文系观察者网独家稿件，未经授权，不得转载。 "所以，当前的策略，可能要用黄金来助力人民币国际化。"张春说。 他提到，美元在1945年替代英镑之际，没有让美债立刻变成储备资产，而是让"美元盯住黄金"。至少一 直到1971年尼克松宣布美元与黄金脱钩之前，黄金才是美元背后真正的储备资产。 "所以今后人民币实现国际化的过程中，中国的人民币信用有可能会以黄金储备资 ...

Core Viewpoint - The U.S. government's blockade has led to an energy crisis in Cuba, with oil reserves expected to last only 15 to 20 days due to the disruption of supplies from Venezuela and Mexico [1][2]. Group 1: Oil Supply Disruption - Cuba's oil supply from Venezuela, which was at 46,500 barrels per day in December, has been completely cut off following the U.S. military's capture of President Maduro on January 3 [2]. - Mexico's oil exports to Cuba averaged about 17,200 barrels per day for crude oil and 2,000 barrels per day for refined oil from January to September last year, but recent reports indicate that Mexico may halt further shipments due to U.S. pressure [2][5]. - Kpler's analysis indicates that Cuba's oil reserves, combined with a recent shipment from Mexico, can only sustain the country for 15 to 20 days [1][5]. Group 2: Economic Impact - The interruption of oil supplies is expected to have a devastating impact on Cuba's economy, which is already facing stagnation, with declines in tourism and sugar production [5][6]. - Frequent power outages are reported across Cuba, and without a restoration of oil supplies, the country may have to implement strict rationing measures [5][6]. - Experts warn that the economic crisis could threaten the survival of the Cuban government, as the situation becomes increasingly dire [6]. Group 3: Political Context - The U.S. administration is attempting to leverage the oil supply blockade to force Cuba into negotiations, with President Trump asserting that Cuba will soon fail without Venezuelan support [6]. - In response to U.S. threats, Cuban citizens have protested against perceived U.S. imperialism, while the Cuban president has vowed that the country will not be deterred by external pressures [6].

Core Insights - The article discusses the transformative impact of artificial intelligence (AI) on the gaming industry, highlighting how AI technologies are reshaping game production and user experience, leading to structural changes in the industry [1]. Group 1: AI Technology in Gaming - AI technology is increasingly penetrating various sectors, with gaming being a significant area for innovation and commercialization [1]. - The emergence of large language models (LLMs) has revolutionized game AI, enhancing the interactivity and immersion of gaming experiences by providing AI with explainability and the ability to engage with players [2]. Group 2: Company Insights - Superparameter Technology, a unicorn company focused on game AI, utilizes deep learning and reinforcement learning to provide intelligent BOT and NPC solutions across various game genres, serving billions of users in over 60 countries [1]. - The company has made significant progress in addressing the latency issues associated with traditional large models, enabling low-latency adaptations for fast-paced games, which can manage team strategies and control individual character behaviors [3].

导读：马斯克再一次游走于风险边缘——一边是特斯拉日渐萎靡的汽车业务，一边则是他压上特斯拉未 来的AI和机器人业务。 （文 / 观察者网 周盛明 编辑 / 高莘） 游走在风险边缘，压上身家和声誉，忍受现实的压力——马斯克似乎早已习惯在"逆风局"中找到实现目 标的快感。 作为特斯拉、SpaceX、xAI等多家公司的首席执行官，马斯克的创业过程展现出极端的风险偏好和近乎 于偏执的"赌徒"性格。 埃隆·马斯克 美联社 随着特斯拉2025年财报的公布，马斯克的这一性格再次显露无疑——虽然特斯拉的全年营收出现历史首 次下滑、净利润同比近乎腰斩，但马斯克毅然决然的宣布将Model S/X停产，并集中大量资金投资尚未 商业闭环的AI和机器人领域。 虽然交出了不甚如意的财报，但特斯拉的股价波动并不明显。如今，特斯拉的市值依旧高达1.35万亿美 元（约合人民币9.38万亿元），远远超过同类汽车公司——背后真正作为支撑的，正是马斯克给予投资 者的"对未来的希望"。 但是希望并不能给予商业化的回报。在"赌徒马斯克"的带领下，特斯拉再一次游走于风险边缘——一边 是特斯拉日渐萎靡的汽车业务，一边则是他压上特斯拉未来的AI和机器人业务。 ...

阿斯麦首席执行官克里斯托夫·富凯表示，台积电、三星、美光等客户都在扩大产能，这逐步转化为阿 斯麦的订单增长，"美光几乎每周都宣布一项重大进展，这些进展基本可以直接转化为我们这边的出货 量。" 不过，阿斯麦也宣布将裁员约1700人，主要集中在技术部门与信息技术部门。此次裁员对象主要位于荷 兰，部分在美国，且主要涉及管理层，裁员人数约占公司员工总数的4%。 【文/观察者网 陈思佳】当地时间1月28日，荷兰光刻机巨头阿斯麦（ASML）发布2025年第四季度及全 年财报，并调整了对2026年的预期。据路透社报道，中国2025年仍是阿斯麦最大的单一市场，占销售额 的33%。但在美国的出口限制措施影响下，阿斯麦预计，2026年中国占销售额的比例将降至20%。 阿斯麦是全球唯一能生产极紫外（EUV）光刻机的生产商，2025年全年净销售额达327亿欧元，同比增 长15.5%。净利润提高到96亿欧元，增幅达26.3%。作为全球最大芯片制造设备买家的中国，依然是阿 斯麦最主要的客户，占到该公司2025年销售额的33%。 随着全球芯片市场加大产能以满足人工智能（AI）和数据中心需求，阿斯麦的订单数量超出预期，对 芯片制造设备的需求 ...

Core Insights - The visit of Finnish Prime Minister Orpo to China resulted in practical cooperation outcomes in the economic and trade sectors, with over 50 companies from both countries signing multiple business agreements focusing on innovation, green technology, and digitalization [1][7]. Group 1: Aviation and Tourism - A new direct flight route from Beijing Daxing to Helsinki is set to launch on March 29, 2026, operated by China Southern Airlines, marking the first direct flight to Finland from Daxing Airport [1]. - The initial operation will feature three flights per week, increasing to daily flights during peak tourist seasons, enhancing connectivity for Chinese tourists traveling to Finland and the Nordic region [3][4]. - The Finnish National Tourism Board reported a stable annual increase in overnight stays by Chinese tourists in Finland, indicating a strong interest in the destination [3][8]. Group 2: Economic Cooperation - The high-level dialogue between China and Finland resulted in the signing of over ten trade agreements and memorandums of understanding, covering areas such as trade, sustainable construction, energy cooperation, and tourism promotion [7][12]. - Finland is recognized for its strong performance in attracting international tourists, particularly from Asia, with Lapland being a preferred winter destination [9]. - The bilateral trade volume between China and Finland is projected to exceed $8 billion in 2025, with a significant increase in mutual investments [12].

今年的【问诊2026中国经济】专题，观察者网将聚焦"十五五"开局年的各种机遇和挑战。专题的第二 篇，上海交通大学高级金融学院张春教授与我们分享了他的精彩看法。张春教授长期关注离岸人民币金 融体系，是该领域既具国际视野，又不断探索中国路径的金融学者。 关于人民币汇率问题，张春观察到，二十年前，大家对人民币升值非常敏感，主要是担忧出口企业受影 响，影响订单，影响就业。现在来讲，升值最大的好处就是：人民币值钱了，人民币的国际购买力增强 了，可以买更多东西了，进口更多东西了。这就意味着国家财富的增加、老百姓财富的增加。 "从这个角度来讲升值其实是一个好事情，"他解释说，"尤其现在中国经济要转到消费主导、消费驱动 的模式，老百姓有钱了、国家有钱了，就可以有更多的钱进行消费。所以这可能是当前人民币升值最大 的好处。" "所以中国人民币如果能够升值，让老百姓财富增加，我们可以进口更多外国的东西，贸易顺差相应就 可以降下来。这对中国的国际地位、国际形象会有更进一步的提升。我相信国家也看到了这一点。" 张春补充说，人民币升值还有一个好处，有利于减少高额贸易顺差带来的国际压力。今年的贸易顺差已 经超过1万亿美元，这是历史上没有哪 ...

Core Viewpoint - VF Corporation reported better-than-expected financial results for Q3 of FY2026, with a slight revenue increase of 2% to $2.876 billion, excluding the sale of the Dickies brand, revenue rose from $168 million to $301 million [1][2] Financial Performance - Revenue for the Active Segment, which includes Vans, reached $672 million, down 6.2% year-over-year, with a loss of $4.6 million, marking the first loss for this segment [3][4] - Vans' global revenue decreased by 8% year-over-year in the last three months, with declines of 7% in the Americas, 20% in the Asia-Pacific, and 6% in Europe; over the past nine months, global revenue fell by 10% [5][6] Brand Analysis - Vans, once a leading brand for VF Corporation, is now the only core asset experiencing continuous negative growth, contrasting with the performance of The North Face and Timberland [8][9] - The decline in Vans' sales is attributed to changing consumer preferences and a lack of innovation in its product offerings, which are perceived as overly simplistic compared to competitors [9][11] Strategic Adjustments - VF Corporation is undergoing a restructuring of Vans, including the closure of 140 stores globally, which represents about 20% of its retail network, and a redesign of existing stores [12][14] - The company is attempting to diversify Vans' product line by reducing reliance on classic styles and enhancing women's product lines and collaborations [14] Market Position and Future Outlook - Despite Vans' cultural significance and global recognition, its ability to convert these assets into purchasing power in the new consumer cycle remains uncertain, raising questions about its future viability [14]

Group 1 - Huawei Mall is launching a limited-time Spring Festival promotion from January 29 to February 28, offering discounts up to 4000 yuan for mobile phones, 1000 yuan for tablets, 800 yuan for wearables, 4000 yuan for smart screens, and 3625 yuan for headphones and speakers [1] - Specific models such as the Pura 80 series can receive discounts up to 1500 yuan, Mate 70 series up to 1800 yuan, and Mate X6 series up to 2000 yuan, with additional trade-in discounts of up to 1000 yuan and interest-free installment options for up to 12 months [1] - The promotion includes a wide range of products including Huawei Mate80 series, Pura80 series, Mate70 series, MateX6 series, Pura X series, nova15 series, Mate XTs, Huawei watches, headphones, tablets, PCs, smart screens, and routers [1] Group 2 - Huawei's terminal shipment volume is crucial for accelerating the HarmonyOS ecosystem, with over 40 million installations of the Xiaoyi input method indicating that HarmonyOS terminals have surpassed 40 million units [3] - According to IDC data, Huawei is projected to regain the top position in the Chinese smartphone market in 2025 with a shipment volume of 46.7 million units, capturing 16.4% market share, marking its return to the number one position since 2020 [3] - Apple and Vivo are closely following Huawei, both with shipment volumes of 46.2 million and 46.1 million units respectively, each holding a market share of 16.2%, while Xiaomi and OPPO rank fourth and fifth with approximately 43.8 million and 43.4 million units, both exceeding 15% market share [3]