凤凰网科技讯 1月21日，特斯拉官方已宣布，其免费FSD功能转移计划将于2026年3月31日正式终止。 在此之前，车主可将已购的自动驾驶套件免费转移至另一辆特斯拉车辆。有报道称，与以往作为季度末 促销手段不同，此次调整被外界视为该计划的永久性结束。 不久前，特斯拉刚确认2月14日后将取消FSD套件的一次性买断选项，仅提供订阅选项。特斯拉首席执 行官埃隆 马斯克暂未披露这一决策的具体原因。 对于特斯拉来说，这是一次重大转变。该公司最早在2016年末以5000美元的价格开始销售其自动驾驶系 统，随后多次提价，目前为8000美元，并在2021年推出了按月订阅的选项。 有特斯拉车主表示："这很让人反感，特别是现在几乎所有功能都变成了订阅服务。" ...

Core Viewpoint - The EU plans to phase out components and equipment from "high-risk" suppliers in critical infrastructure sectors, with Huawei expected to be significantly affected by these measures [1][2]. Group 1: EU Measures and Regulations - The European Commission proposed these measures as part of the revision of the EU Cybersecurity Act, in response to rising cyberattacks and concerns over dependency on non-EU technology suppliers [1][2]. - The new measures will apply to 18 critical areas identified by the European Commission, including detection equipment, connected and autonomous vehicles, power supply and storage systems, water systems, drones, and anti-drone systems [2]. - The proposal indicates that mobile operators in Europe will have 36 months to phase out critical components from high-risk suppliers after the list is published, with specific timelines for fixed networks and satellite networks to be announced later [3]. Group 2: Industry Reactions - Huawei criticized the legislative proposal, arguing that it is based on the country of origin rather than factual evidence and technical standards, violating EU principles of fairness and non-discrimination [2]. - The telecommunications industry lobby group, Connect Europe, warned that the proposal could increase regulatory burdens, with additional costs potentially reaching billions of euros [3]. - The revised Cybersecurity Act will require negotiations with EU member states and the European Parliament before it can become law [3].

中国外交部发言人林剑此前表示，将经贸问题泛安全化、政治化，将阻碍技术进步和经济发展，损人不 利己。中方敦促欧盟为中国企业提供公平、透明、非歧视的营商环境，避免损害企业赴欧投资信心。 华为 凤凰网科技讯北京时间1月21日，据路透社报道，欧盟计划在关键基础设施领域逐步淘汰来自"高风 险"供应商的零部件和设备，此举遭到了华为的批评。华为预计将成为受影响的企业之一。 欧盟委员会在对《欧盟网络安全法》的修订中提出了这些措施。在此之前，欧盟网络攻击和勒索软件攻 击数量上升，而且欧盟还担心对非欧盟技术供应商的依赖程度不断加深。 欧盟委员会是欧盟27个成员国的执行机构，并未点名任何具体公司或国家。不过，欧洲近年来一直在收 紧对中国技术的审查。德国最近成立了一个专家委员会，重新评估对华贸易政策，并已禁止在未来的 6G电信网络中使用中国制造的组件。美国在2022年禁止批准华为和中兴通讯的新电信设备，并敦促欧 洲盟友采取同样的做法。 欧盟技术事务负责人亨娜.维尔库宁((Henna Virkkunen)在一份声明中表示："借助新的网络安全一揽子计 划，我们将有能力更好地保护关键信息和通信技术供应链，并且能够果断应对网络攻击。" 针对 ...

Core Viewpoint - Eric Schmidt emphasizes the necessity for Europe to invest in its own open-source AI labs and address soaring energy prices to avoid dependency on Chinese models [2] Group 1: Investment in AI - Europe must allocate significant funding for developing its own AI models to remain competitive globally [2] - The current trend in the U.S. is towards closed-source AI technologies, which limits flexibility and increases costs [2] Group 2: Comparison with China - China is leading in the development of "open weight" models, which offer higher transparency compared to closed-source models like Google's Gemini and OpenAI's ChatGPT [2] - Without substantial investment, Europe risks relying on Chinese AI models, which could impact its technological sovereignty [2] Group 3: Energy Prices and Infrastructure - High energy prices in Europe pose a challenge for building data centers necessary for training advanced AI technologies [2] - Schmidt expresses concern over the energy demands of AI development in the U.S. and its implications for power supply [2]

新上榜的与辉同行，排名第四。由"胡润最具商业价值的直播带货达人"第二名董宇辉创立。董宇辉曾是 东方甄选旗下，2024成立独立工作室"与辉同行"进行直播带货。据测算，与辉同行合计10位主播2025年 直播带货GMV超200亿元。 此外，东方甄选排名第九，上升一位。目前市值超200亿元，是百强中市值最高的上市公司。东方甄选 2025财年商品交易总额达87亿元。 凤凰网科技讯 1月21日，《2025胡润中国流量新势力百强榜》发布，榜单列出了中国最具价值的流量新 势力机构，这是胡润研究院连续第二次发布该榜单。 其中，美ONE荣登榜首，排名上升两位。机构核心头部达人是李佳琦，其粉丝主要在淘宝直播平台， 超过9400万，比去年增长了1000万。 胡润集团董事长兼首席调研官胡润表示："你很难想象这些流量新势力百强机构的影响力究竟有多大。 它们的总粉丝数近300亿，相当于中国总人口的20倍；年度总GMV高达2000亿元。其中，美ONE、辛选 集团、与辉同行、交个朋友在2025年的GMV都超过百亿元。" ...

Core Viewpoint - Vanke's bond extension plan for "21 Vanke 02" with a balance of 1.1 billion yuan has been approved, marking a significant step in alleviating its liquidity crisis and providing essential breathing space [1] Group 1: Bond Extension Details - The extension plan includes measures such as small principal repayments, a 40% buyback of principal, and enhanced credit support to address diverse investor demands [1] - The proposal received 92.11% approval during the first bondholder meeting, focusing on the repayment arrangements and credit enhancement measures [1] - The issuer will implement small repayments of up to 100,000 yuan for bondholders who have applied for buyback on January 30, 2026, ensuring liquidity for small holders [1] Group 2: Repayment Structure - 40% of the buyback principal will be repaid on January 30, 2026, while the remaining 60% will be extended for one year, with a repayment date set for January 22, 2027 [1] - Interest for the non-redeemed portion will be paid on January 22, 2026, while interest for the redeemed portion will be paid within two trading days after the proposal's approval, maintaining a coupon rate of 3.98% during the extension [2] Group 3: Credit Enhancement and Market Reaction - The extension plan significantly enhances the repayment assurance of the bonds, which was a key factor in gaining creditor support [3] - Immediate repayment of 40% of the buyback principal and fixed payments for small holders were crucial in providing short-term cash flow to creditors [3] - The provision of specific asset pledges for credit enhancement has improved creditor confidence, addressing previous market concerns about Vanke's lack of robust guarantees [3] Group 4: Future Implications - The successful approval of the "21 Vanke 02" extension serves as a model for negotiating the extensions of "22 Vanke MTN004" and "22 Vanke MTN005," which have balances of 2 billion yuan and 3.7 billion yuan respectively, totaling 5.7 billion yuan [3] - The future success of Vanke's bond extension plans will depend on its ability to provide concrete and executable asset pledges and cash arrangements [4] - Key factors such as asset ownership, pledge priority, cash collection, and debt repayment priority will be critical in determining the outcome of future negotiations [4]

据央视新闻，2026年，城市更新、老旧小区改造如何高质量推进？"好房子"将如何提升我们的生活品 质？央视专访住房城乡建设部部长倪虹。 住房城乡建设部部长 倪虹：城市更新蕴含着巨大的投资消费潜力。既要把新房子建成"好房子"，也要 把老房子逐步改造成"好房子"。支持房企合理的融资需求，支持居民刚性和改善性住房需求。 记者：今年城市更新咱们要高质量推进，如何高质量推进，今年有什么新的做法吗？ 住房城乡建设部部长 倪虹：城市更新应该讲是我们历史发展到这么一个时间点，旧房的更新改造比我 们新房的建设量来比，它是一个巨大的市场。应该讲城市更新是一个新的蓝海。既能够改善老百姓的生 活空间，也能够拉动我们的消费和需求。 记者：今年在城市更新方面，咱们的工作重点是什么？ 住房城乡建设部部长 倪虹：重点是抓好三件事。一是持续推进城镇老旧小区的改造，去消除安全隐 患，改善居住条件和生活环境。二是全面推进完整社区建设。着眼于便民、利民、安民，着力补上公共 服务的短板。三是开展城市小微公共空间的改造，增加群众身边的社区公园、口袋公园。 记者：哪些是咱们优先考虑的？ 住房城乡建设部部长 倪虹：比如说现在大家非常关心的小区的停车问题，充电 ...

据知情人士透露，黄仁勋将前往中国参加春节前的公司年会活动。他还预计会前往北京，但目前尚不清 楚他是否会与中国高级官员会面。知情人士称，黄仁勋的行程仍可能调整，具体将取决于相关会晤能否 最终确定。 黄仁勋此次中国行属于年度例行访问，他通常会在每年这个时候访华，正值该公司处于关键时刻。此 前，美国放宽了AI处理器的出口限制，允许英伟达向中国销售其H200芯片。 黄仁勋 凤凰网科技讯北京时间1月21日，据彭博社报道，英伟达CEO黄仁勋(Jensen Huang)计划在1月底访问中 国。眼下，黄仁勋正努力为英伟达AI芯片业务重新打开中国这个关键市场。 截至发稿，英伟达不予置评。(作者/箫雨) 周三，黄仁勋计划出席在瑞士达沃斯举行的世界经济论坛，届时将接受贝莱德CEO拉里.芬克(Larry Fink)的采访。 ...

Core Viewpoint - Traditional automakers are hesitant to adopt Tesla's Full Self-Driving (FSD) system, which Elon Musk describes as "unreasonable," but this hesitation is rooted in strategic considerations [1][2]. Group 1: Industry Trends - More automakers are opting to develop key modules for autonomous driving systems in-house rather than outsourcing, as automotive technology is seen as a crucial part of brand identity [1]. - Rivian is deepening vertical integration by designing proprietary chips for its autonomous driving computer, indicating a shift towards self-reliance in technology development [1]. - Ford announced plans to develop a "hands-free driving" system by 2028, stating that in-house development could reduce costs by 30% and provide better control over software integration [2]. Group 2: Reasons for In-House Development - Experts indicate that traditional automakers' choice to develop technology internally is driven by the need to meet specific customer demands and the competitive nature of the industry [3]. - The differentiation in consumer needs between brands like Ford and Mercedes necessitates a tailored approach to advanced driver-assistance systems (ADAS) [3]. - The integration of software, sensors, and braking systems is complex and costly when relying on multiple suppliers, making in-house development more cost-effective [3]. Group 3: Technological Advancements - NVIDIA has introduced Alpamayo, a suite of AI inference models and simulation tools that make it easier for automakers to develop autonomous driving technologies, reducing the commercial appeal of Tesla's FSD licensing [5][6]. - Mercedes has become the first major customer of NVIDIA's Alpamayo, planning to launch an advanced driver-assistance system by the end of the year that meets Tesla's FSD standards [6]. - The Alpamayo platform aims to democratize the development of autonomous driving systems by lowering training costs and time, although automakers still need proprietary data and talent for implementation [6].

商业航天正在走向台前。 过去十年，商业航天长期隐藏在政策与科研体系背后，靠愿景与技术吸引风险投资。如今，随着低轨卫 星星座建设提速与海量发射需求显现，行业迎来更广阔的产业与资本叙事，并尝试打开公开融资的大 门，然而，这条路并不平坦。 商业火箭具有技术门槛高、研发周期长、前期投入大的行业特点，这决定了企业在相当长的时间内，必 然要承受"技术尚未成熟"和"现金流持续承压"的双重考验。风险投资虽可为此类愿景买单，但客户和市 场则要求将其拆解成可量化、可验证的成长路径。 蓝箭航天，正是在这一背景下被推到台前的典型样本：2025年底，公司递交招股书、计划募资75亿元冲 击"商业火箭第一股"，却在受理五天后遭遇现场检查。这一事件像一枚棱镜，折射出整个行业在技术表 达、财务可持续性与公司治理上普遍面临的挑战。 技术披露：从"实验室数据"到"市场可信度" 火箭运载能力是商业航天公司的核心名片，但在招股书中如何表述，却成为第一道认知门槛。 以蓝箭"朱雀三号"为例，招股书同时披露了两个关键数据：首次飞行实测近地轨道运力11.1吨，以及设 计目标中成熟状态下运力可达21吨。两者相差近一倍，却未清晰说明从"实测"到"目标"的技术路径 ...