如果日本能建起最先进的半导体工厂，半导体产业就能重获新生。日本人们都内心深处相信这个说法。 凭借巨额补贴、世界上最先进的制造设备以及大规模生产的最小晶体管，这一景象无疑值得成为一个国家级项目，而且似乎也象征着日本半导体产业的复 兴，该产业长期以来一直被认为"已经衰落"。 在这里，笔者想问一个问题：那家半导体工厂真的盈利吗？此外，在日本建设的尖端工厂真的能说是掌握在日本人手中吗？ 2026 年 2 月 5 日，有报道称，由台积电以及索尼、电装、丰田汽车公司等公司出资兴建的日本先进半导体制造株式会社（JASM） 熊本第二工厂（二 期，以下简称"P2"）决定采用 3nm 工艺生产半导体，而不是 7nm 或 4nm 工艺。这一消息似乎被视为日本半导体产业复兴的象征，但令人惊讶的是，很少 有人理解这一决定的真正意义。 让我直入主题。如果我们只看晶圆制造芯片的前端工艺，3nm（N3）工艺拥有巨大的盈利潜力。然而，最终决定这些利润的并非JASM P2，而是JASM的 母公司台积电。本文将基于盈利模型分析这种看似矛盾的结构，揭示日本半导体政策核心潜藏的重大风险。 为什么选择N3而不是N7或N4？ JASM P2最终跃升至N3 ...

时隔三年，曾经站在中国互联网舆论高地的天涯社区居然要重启了。就在2月7日，"天涯神贴"官方微信 公众号发布《与君共创，重启天涯——关于新天涯招募创世成员的公告》，宣布为确保承载着亿万网民 青春记忆、原创内容和人生梦想的宝贵数据完整存续，将推进天涯社区于2026年6月1日恢复访问。 值得一提的是，即将重启的天涯社区还推出了"新天涯创世成员产品服务包"，将招募9999位创世成员， 成为新天涯的共建者与天涯社区重启者。只需花费1999元即可获得包括天涯神贴付费专区10年免费阅读 权限、"天涯重启者"数字徽章以及天涯客高级尊享会员在内的多重权益。 此前在2023年4月，由于遭遇资金流动困难，天涯社区的服务器"欠费停机"。彼时天涯社区对于自身的 境遇相当乐观，官微还在与网友插科打诨，表示"我还能抢救一下"，以及"咱主打的就是陪伴。说一句 暴露年龄的话：我会回来的……" 然而事与愿违，一直到三年后的今天天涯社区才看到了重启的曙光。 事实上，天涯社区早前也尝试过自救。例如执行总编宋铮等前员工以及部分资深天涯网友就曾自发组 织"七天七夜，重启天涯"直播义卖活动，试图为天涯社区筹集到300万元用以支付电信机房等费用。 虽然当时 ...

如今的音乐内容比任何时代都多，却更难让听众听到。 根据数据机构Luminate 的年终报告，2025年，全球音乐流媒体播放量达到了5.1万亿次，比2024年增长近10%，创下历史新高。全球音乐平台上获得ISRC 编码的歌曲就多达2.53亿首，比2024年新增将近7000万首。 音乐内容生产看起来前所未有的繁荣，但耐人寻味的是，绝大多数作品几乎无人问津，而播放正被少数爆款牢牢占据。 每天至少有超过10万首歌曲上传到各大音乐平台，但整个2025年，只有29首歌曲的播放量超过10亿次。Luminate估计，播放量在100万至5000万次之间的 歌曲约有54.1万首歌曲，这些歌曲占据了近半数的播放量，构成了音乐消费的"主力军"，数量却仅占歌曲总量的2.14%。 与之形成鲜明对比的是，88%的歌曲播放量不超过1000次，其中，47.3%的歌曲播放量不到10次。这意味着，如果以Spotify的"千次播放支付门槛"作为衡 量标准，这些歌曲没有任何价值。 这种现象既不是某一地区独有，也不是个别平台的孤立问题，而是全球流媒体生态的共同特征。大量原创内容被上传、被推荐、被放置在流媒体库里，但 其中绝大多数并未真正进入听众的耳朵与 ...

2026年初贵金属的"过山车"行情，成为全球金融市场最跌宕起伏的剧情，其中大幅波动的白银，无疑是这场风暴的主角。 白银狂欢在1月底戛然而止。1月29日，现货白银价格升至121.65美元/盎司，创下历史新高，不到一个月涨幅超过67%。转折接踵而至，1月30日白银价格 最高跌幅超36%，创下近40年最大单日跌幅。受此影响，国投白银LOF（161226）2月2日净值下跌31.5%，创下国内公募基金最大单日跌幅。 近日，白银价格仍在剧烈波动，一度从70美元升至90美元，2月5日再度大跌近20%，2月6日最低跌至64美元，距离1月底的高点几乎腰斩。截至发稿，现 货白银报价83美元/盎司，日涨幅超3%。国投白银LOF净值跟随市场震荡，场内价格经历五个跌停，目前溢价率仍超35%。更引人注目的是，大部分投资 者对国投瑞银的估值调整操作并不买单，小红书上掀起了一波"维权热"。 白银为何闪崩？美联储下一任主席人选凯文·沃什被认为是关键导火索。除此之外，价格不断创下新高的白银已然成为全球最拥挤的交易之一，宏观的风 吹草动在程序化交易与高杠杆资金的助推下，流动性紧张与多头平仓形成连锁反应，最终导致价格在短期内断崖式下跌。 "白银在本 ...

Core Insights - The article discusses the unrealistic expectations surrounding AI in elderly care, highlighting a disconnect between public perception and the actual capabilities of AI technology in this sector [1][4][18]. Group 1: AI in Elderly Care - There is a widespread belief among various age groups that AI will soon provide care for the elderly, but industry professionals assert that this is not feasible in the near future [1][2][3]. - The aging population in China is facing a significant shortage of caregivers, potentially exceeding 10 million, which raises concerns about finding suitable care options [2][5]. - The concept of AI caregiving is often associated with robots that can provide constant care, but this notion is largely driven by societal fears of loneliness and neglect in old age [1][2][4]. Group 2: Historical Context and Failures - Japan's experience with elderly care robots serves as a cautionary tale, where despite significant investment and development, the actual usage of caregiving robots remains negligible, with professional robot usage below 2% [7][9][10]. - The introduction of robots like Pepper, which initially generated excitement, ultimately failed to meet expectations, leading to its discontinuation due to limited functionality [9][10][15]. Group 3: Real-World Applications and Limitations - Current AI applications in elderly care are primarily focused on software solutions, such as large language models that assist with information and training, rather than physical caregiving robots [14][15]. - Many AI devices deployed in care settings have been removed due to practical issues, such as poor user experience and technical failures, highlighting the gap between theoretical benefits and real-world functionality [11][13][14]. Group 4: Economic and Ethical Considerations - The article emphasizes the need for ethical considerations in the development and marketing of AI technologies for elderly care, warning against exploiting the fears and hopes of the elderly for profit [27][29]. - There is a call for a more realistic approach to AI in elderly care, focusing on small, practical solutions rather than grand promises of robotic caregivers [25][26][29].

【导读】就在刚刚，OpenClaw集会开到维也纳了，现场火力全开，燃到爆炸！全场都变成了龙虾孵化场，Peter Steinberger衣锦还乡。炸裂的是， OpenClaw直接逃离聊天框，在元宇宙中进化，ClawPhone也来了，比豆包手机还狠。 OpenClaw，要征服全世界了。 上周，世界首场OpenClaw（Clawdbot）线下聚会，1000多「蟹教忠实信徒」齐聚旧金山Frontier Tower大厦。 本周，一款基于OpenClaw打造的韩国AI女友Clawra正式上线，一夜爆火。 「多重智能体之爪父」Peter Steinberger，重出江湖，搅动AI风云，助龙虾OpenClaw征服智能体世界。 「教主」振臂一呼，全球龙虾教忠实信徒云集各地，纷纷举行各种线下技术交流会，甚至活动之多，远超Peter Steinberger本人意料。 而继ClawCon 2026旧金山会议之后，ClawCon维也纳会议也顺利召开，500名开发者化身「龙虾」，齐聚一堂。 维也纳今晚灯火通明，OpenClawCon火力全开。 原场地直接爆满到炸，不得不另开个直播点。 大伙儿全是为一睹「奥地利老乡」Peter Stein ...

Core Viewpoint - The successful listing of XianDao Intelligent Equipment Co., Ltd. on the Hong Kong Stock Exchange marks a significant milestone for Chinese manufacturing companies, particularly in the lithium battery equipment sector, with strong backing from major investors and a robust market position [2][6][23]. Financial Performance - XianDao's IPO raised approximately 4.166 billion HKD (around 3.749 billion RMB) by issuing 93.616 million H-shares [6]. - The company's total market capitalization reached 76.35 billion HKD (approximately 68.714 billion RMB) at midday trading, with shares priced at 46 HKD each, reflecting a slight increase of 0.44% from the issue price [4][6]. - Revenue increased from 138.36 billion RMB in 2022 to 164.83 billion RMB in 2023, while net profit decreased from 23.18 billion RMB to 17.71 billion RMB during the same period [7][10]. - In 2024, revenue is projected to decline to 117.73 billion RMB, with net profit dropping to 2.68 billion RMB, but a significant recovery is expected in 2025 with a projected revenue of 103.88 billion RMB and a net profit of 11.61 billion RMB, marking a 97.9% increase year-on-year [10][8]. Market Position - XianDao is recognized as the largest provider of lithium battery intelligent equipment globally, holding a market share of 15.5%, and the largest in China with a market share of 19.0% [6][14]. - The company has a diverse client base, including major players like CATL, Tesla, and LG Energy, with the top five clients contributing approximately 40%-50% of its revenue [16][14]. Strategic Initiatives - To reduce reliance on the lithium battery sector, XianDao is expanding into non-lithium businesses such as photovoltaics, 3C electronics, hydrogen energy, and automotive production lines [17]. - The company plans to allocate 40% of the funds raised from the IPO to expand overseas R&D centers and sales networks, 30% for core technology development, and 20% for enhancing digital management capabilities [22]. Leadership and Vision - The company is led by Wang Yanqing, who has a background in engineering and has successfully navigated the company from its inception to becoming a key player in the lithium battery equipment market [18][20]. - XianDao's listing is seen as a step towards enhancing its global presence and credibility in the international market, aiming for a more transparent relationship with global investors [23].

Core Insights - A developer named Ethan has demonstrated the ability to create a "physically operable intelligent agent" using a $25 prepaid Android phone by running OpenClaw, allowing the phone to perform hardware operations through Discord commands [1][5]. Group 1: Technology Implementation - Ethan's setup involves installing Termux, running OpenClaw Agent, and utilizing Termux API to access Android system capabilities [4]. - The phone acts as a "hardware execution node," enabling commands like turning on the flashlight or taking photos via Discord [5]. - A complete "perception-understanding-feedback" loop is established, where the low-end Android phone captures images, and a cloud-based model (GPT 5.2) analyzes them [6]. Group 2: Sensor and Communication Capabilities - The agent can read sensor data, such as the phone's orientation, and respond accurately [7]. - Although the agent can initiate a call, it failed due to the phone not being linked to an actual number [7]. - Ethan notes that for audio functionalities, root access is required, which is not available on the current device [7]. Group 3: Future Aspirations and Community Reactions - Ethan plans to create a "phone cluster" using multiple low-cost Android devices to explore more functionalities [9]. - Community feedback is mixed, with some questioning the practical applications of a phone cluster, while others suggest potential uses like a low-cost security system [9][10]. - The combination of cloud API and low-end hardware allows more developers to participate in similar experiments, overcoming previous cost barriers [10].

Core Insights - The rise of "factory second generation" influencers on short video platforms like Douyin and Kuaishou has created a new trend in content creation, particularly in the manufacturing sector, leveraging their unique backgrounds to attract attention and drive engagement [1][4][12] Group 1: Influencer Dynamics - Influencers such as @纸巾公主 and @锅炉公主 have gained significant followings, with @纸巾公主 amassing 590,000 followers and @锅炉公主 reaching 735,000 followers by showcasing their lives as heirs to manufacturing businesses [1][5] - The hashtag 厂二代 has garnered billions of views on Douyin, indicating sustained interest in this content category [4][12] - Influencers are using their personal stories and creative content to bridge the gap between traditional manufacturing and modern consumer engagement, with some achieving sales figures between 1 million to 2.5 million in a month [5][13] Group 2: Content Creation and Engagement - The content produced by these influencers often features a mix of personal branding and relatable factory life, which resonates with younger audiences seeking authenticity [12][18] - The trend reflects a broader shift towards "real and grounded" content, with influencers presenting themselves in factory settings, thus creating a stark contrast to typical influencer lifestyles [12][18] - The low barrier to entry for content creation allows many factory heirs to participate, but this has led to content homogenization, where many accounts struggle to differentiate themselves [12][18] Group 3: Business Implications - The emergence of these influencers serves as a marketing strategy for traditional manufacturers, aiming to modernize their brand image and appeal to younger consumers [13][15] - Successful cases, such as @毛巾少爷, have demonstrated significant sales increases, with a reported 1300% growth in sales during promotional events [16][19] - However, many influencers face challenges in converting views into actual sales, highlighting the need for a strategic approach to content that balances personal branding with product promotion [18][19] Group 4: Industry Context - The phenomenon of "factory second generation" influencers is part of a larger trend in China, where over 80% of private enterprises are family-owned, and many are facing succession challenges [18][19] - As the market environment shifts from growth to competition, these influencers are exploring new avenues for business transformation through digital platforms [19][20] - The success of these influencers may ultimately depend on their ability to translate online engagement into tangible business results, which remains a critical challenge for many [19][20]

OpenAI 去年下半年发布"学习模式"时，大力宣传 ChatGPT 的教育优势。该公司教育副总裁在产品发布 会上告诉记者："当 ChatGPT 被要求进行教学或辅导时，它可以显著提高学生的学习成绩。" 但任何一位敬业的教师都会有理由质疑：这只是营销手段，还是学术研究真的支持这些说法？ 尽管生成式人工智能工具正以惊人的速度进入课堂，但针对该问题的深入研究进展却远不及此。一些早 期研究表明，某些群体，例如计算机编程专业的学生和英语学习者，可以从中受益。 此外，还有一些关于人工智能在教育领域应用的乐观研究，例如今 5 月发表在《自然》杂志上的一篇论 文，该论文指出聊天机器人可能有助于学习和高阶思维。但该领域的学者指出，许多此类研究论文存在 显著的方法论缺陷。 其他研究则描绘了更为严峻的景象，表明人工智能可能会损害表现或认知能力，例如批判性思维能力。 一篇论文显示，学生在学习过程中使用 ChatGPT 的次数越多，之后在 ChatGPT 不可用时完成类似任务 的表现就越差。 换句话说，早期研究仅仅触及了这项技术将如何从长远角度真正影响学习和认知能力的冰山一角。我们 还能从哪里寻找线索呢？认知心理学角度可以为我们提供 ...