Group 1 - The core focus of the collaboration between Moore Threads and 51WORLD's simulation platform 51Sim is to build a next-generation physical AI simulation system based on the KUAE intelligent computing cluster [1] - The partnership aims to leverage domestic GPU computing power and new simulation and world model technologies to explore infrastructure construction paths for end-to-end intelligent driving and embodied intelligence [1][3] - The traditional simulation methods have limitations such as long construction cycles, high costs, and limited generalization capabilities, which the new "reconstruction + generation" approach seeks to address [3] Group 2 - The "reconstruction + generation" physical AI simulation system requires unprecedented computing power for tasks like neural scene reconstruction, world model training, and large-scale synthetic data generation [3] - The collaboration has already achieved large-scale application in the intelligent driving sector, supporting the closed-loop verification of end-to-end intelligent driving algorithms [3] - Future plans include expanding the application of their experiences in intelligent driving to broader physical AI scenarios, aiming to create a replicable and scalable development path for physical AI [3] Group 3 - Moore Threads is a strategic shareholder of 51WORLD, providing strong support as the latter aims to become the first publicly listed company in the Physical AI sector by December 30, 2025, on the Hong Kong Stock Exchange [4] - Both companies are pursuing capitalization to secure funding for accelerating technology development and market expansion, which is expected to enhance the synergy and drive the development of the domestic GPU and Physical AI industry chain [4]

作者:Max 现如今，要做一个AI大模型需要准备什么？这背后可能上百个技术专家，数以亿计的资金，但最重要的，是需要庞大的算力支持。 有机构曾做了一个统计，要做一个ChatGPT级别的AI大模型，至少需要1万枚英伟达的H100加速卡，也可以说，有1万卡加速卡才能摸到Moe万亿参数自研大 模型门槛。 而随着ChatGPT、文生视频等AI应用迅速普及，各行业对算力的需求呈指数级增长。IDC预测，到2028年，中国智能算力需求将达到2781EFLOPS规模，年 均增长率高达46.2%。然而，传统的计算集群在规模扩大到数千张卡之后，就会遇到难以逾越的瓶颈。 如何提升算力资源利用率与降低运营成本？如何让头部之下的企业也能用得起大规模算力？在这背后，"万卡超集群"成为了这个时代答案。 2025年12月18日，在光合组织2025人工智能创新技术大会（HAIC2025）上，中科曙光发布了曙光scaleX万卡超集群系统，引起了市场广泛关注。 "scaleX万卡超集群，是曙光发挥大型计算机系统研制经验优势，面向万亿参数大模型、科学智能等复杂任务场景打造的大规模智能算力基础设施方案"。中 科曙光高级副总裁李斌表示，面对人工智能基础设 ...

Core Viewpoint - The lawsuit between Bull Group and Jia's Electric highlights the intensifying competition and market challenges in the domestic electrical appliance industry, particularly in the socket sector, where both companies operate in a highly overlapping market [2][3]. Group 1: Legal Dispute - Bull Group has filed a lawsuit against Jia's Electric, claiming damages of 4.2 million yuan due to alleged commercial defamation related to the advertising slogan "7 out of 10 Chinese families use Bull" [2]. - Jia's Electric responded by asserting that their videos questioning Bull Group's advertising were part of normal market observation and aimed at providing consumers with comprehensive information [2]. - The dispute centers around the interpretation of Bull Group's advertising claim, which states that over 70% of Chinese households are currently or have previously used Bull products [2]. Group 2: Financial Performance - For the first three quarters of 2025, Bull Group reported a revenue of 12.198 billion yuan, a year-on-year decrease of 3.22%, and a net profit attributable to shareholders of 2.979 billion yuan, down 8.72% [3]. - The decline in financial performance reflects the increasing pressure Bull Group faces in the mid-to-low-end market segment due to intensified competition from brands like Chint, Delixi, and Opple [3]. Group 3: Market Context - The lawsuit and its timing are indicative of the growing homogenization and competitive pressures within the domestic electrical lighting market [3]. - Jia's Electric, established in 2007, competes directly with Bull Group in the socket and switch product categories, further intensifying the competitive landscape [3].

Group 1 - Sichuan Chengyu's wholly-owned subsidiary plans to acquire 85% equity of Hubei Jingyi Company for 2.409 billion yuan, enhancing the company's control over highway projects [1] - Huadian Technology signed contracts worth approximately 815 million yuan with Huadian Technology Group for a wind power hydrogen production project [2] - Dongfang Cable and its subsidiary won projects totaling approximately 3.125 billion yuan, accounting for 34.37% of the company's audited revenue for 2024 [3] Group 2 - Heng Rui Medicine received approval for clinical trials of SHR-2906 injection, a self-developed biopharmaceutical aimed at weight control and metabolic regulation [4] - Qingdao Port plans to invest approximately 15.7 billion yuan in two terminal projects [5] - Jingu Co. received a notification to supply low-carbon wheels for two export models to a major domestic car manufacturer, with production expected in 2026 [6] Group 3 - ST Xingguang won a procurement project worth approximately 22.955 million yuan, accounting for 11.96% of the company's revenue for 2024 [7] - Xinbo Co. plans to jointly invest in an alloy materials research institute with partners, focusing on high-performance materials for various industries [8] - Tianqi Lithium's third-phase lithium concentrate expansion project has been completed and is undergoing trial production, with a total capacity of 2.14 million tons per year [9] Group 4 - Changfei Fiber reported that new fiber optic products related to data centers represent a small proportion of total demand [10] - Dongfang Bio's subsidiaries obtained multiple medical device registration certificates, including various testing kits [11] - Xiugang Co. plans to use up to 500 million yuan of idle fundraising for cash management in safe, liquid investment products [12] Group 5 - Jifeng Co. received a project designation for passenger car seat assemblies from a European luxury brand, with a total lifecycle value of approximately 9.8 billion yuan [13] - CanSino initiated Phase I clinical trials for a combined vaccine, completing the first subject enrollment [14] - Dayu Water-saving's subsidiary pre-won a drainage project worth 140 million yuan and another project worth 1 billion yuan [15] Group 6 - Yutong Pharmaceutical's subsidiary received clinical trial approval for YKYY032 injection for treating hyperlipoproteinemia [17] - Diweier announced the departure of a core technical personnel, impacting its technical leadership [18] - Weilang Co.'s controlling shareholder received regulatory measures from the Shandong Securities Regulatory Bureau for failing to fulfill a commitment [19] Group 7 - Xiehe Electronics invested 5 million yuan in a private equity fund focusing on hard technology sectors [20] - Phoenix Optical received a government subsidy of 4.7053 million yuan, representing 35% of its projected net profit for 2024 [21] - China State Construction reported a 0.9% year-on-year increase in new contracts signed in the first 11 months of 2025, totaling 4.0408 trillion yuan [22] Group 8 - Nanguang Energy's pumped storage power station units 1 and 2 have entered trial operation, with units 3 and 4 expected to follow by year-end [23] - Jindalai plans to invest 280 million yuan to acquire a 34% stake in Yunnan Jici Medical Technology [24] - Geer Software terminated its planned acquisition of a majority stake in Weipin Zhiyuan due to failure to reach agreement on key terms [25] Group 9 - Ningbo Fubang completed the absorption merger of its wholly-owned subsidiary, inheriting all assets and liabilities [26] - Zhongyuan Neipei signed a strategic cooperation framework agreement with Ningbo Puzhi Company for humanoid robot-related business [28] - Gongyuan Co. announced a business integration and relocation of its production lines in the East China region [29] Group 10 - Chlor-alkali Chemical's subsidiary plans to invest 2.975 billion yuan in a comprehensive utilization project for waste salt [30] - Kain Technology announced the departure of a core technical personnel, impacting its research capabilities [31] - ST Renfu received approval for clinical trials of a new drug for idiopathic pulmonary fibrosis [32] Group 11 - Sanbo Brain Science's established brain science fund has completed registration with the Asset Management Association of China [33] - Tongyou Technology plans to apply for a 70 million yuan credit line from Beijing Bank, using its property as collateral [34] - Bai Ao Intelligent signed a significant equipment sales contract worth approximately 27.5021 million yuan [35] Group 12 - ST Xinyan received all restructuring investment funds totaling 2.239 billion yuan, entering the execution phase of its restructuring plan [36] - Dalu Real Estate's subsidiary decided to terminate a planned acquisition of a 60% stake in Beijing Chengzhu Real Estate [38] - Huiyu Pharmaceutical's products received marketing approval in Italy and Norway [39]

12月19日，一张名为"阿里千问全员会"的图片在社交网络和社群疯传。图片中，疑似阿里千问员工聚集在广场上手举豆包，广场一侧则有"干死豆包"标语。 对此，有媒体求证阿里内部人士。内部人士表示，该图片为假，"完全就是编造的，Logo也是错的，工牌也是错的，两边的标语一看就是故意造谣的"。 有趣的是，有网友分别向两款AI助手发送图片并提问："千问开全员会干死豆包，这是真的吗？你怎么看？"对此，豆包的回答是，"这个消息不是真的。这 是一张AI生成的恶搞图片，属于社交网络上的趣味调侃。该图片利用了千问和豆包作为竞品的行业竞争背景来制造噱头"。 "干死豆包"标语为假，但二者对于AI"入口"的"争夺战"千真万确。 2025年11月，阿里正式启动了千问App公测，其在AI超级入口竞争中迈出关键一步。千问App由之前的通义App和夸克AI对话助手升级而来，接入了阿里通 义实验室最新的Qwen3-Max模型。 阿里此前将夸克作为AI旗舰应用，并将资源集中在夸克。进入2025年，阿里面临调整AI战略的迫切需求。有观点认为，千问的推出"更像是一次补课式的紧 急转向"。QuestMobile报告显示，截至2025年9月AI原生App月 ...

另外，该工作人员还强调，存储空间所剩无几时，还可能造成电池的健康度下降，设备温度也会升高，这些都会使手机运行迟缓，并建议用户平时多关注手 机电池的健康度。如最大容量已低于80%，且日常使用频繁、每天充电次数多于两次，可考虑更换电池，具体可根据自身使用情况判断。 有媒体向苹果方面咨询时，一名苹果工作人员表示，当iPhone没有多余的存储空间时，无法预测是否会死机，但系统会出现卡顿等现象。 上述工作人员还表示，要保证iPhone系统流畅稳定运行，至少需要1GB的存储空间。如果达不到该数字，建议用户主动删除一些占用空间的软件，以后有需 要时再下载回来。 近日，"iPhone存储空间用完就坏""千万不要把iPhone存满"等话题在社交平台上持续发酵。此前，曾有部分iPhone用户称，设备因存储耗尽导致意外关机、 系统崩溃甚至无法开机。 公开信息显示，苹果官网在售iPhone 17 Pro Max从256GB版本至2TB顶配，差价高达6000元。按照闪存市场行情，这部分成本增量不足1500元，溢价率超过 300%。这种"存储即利润"的定价策略，使库克时代苹果的服务与配件业务毛利率长期维持在55%以上。 值得一提的是，上 ...

据悉，上述新投资者合计持有新合资公司45%的股份；字节跳动部分现有投资者及其关联方持股30.1%，字节跳动将保留19.9%的股份。其中，字节跳动仍为 新合资公司的最大单一股东。此外，新合资公司将由美国投资者持有多数股权，并由新的七人董事会管理。 内部信透露，字节跳动会继续拥有TikTok算法的知识产权，授权新合资公司使用，并向后者收取授权费。电商、广告、市场运营等商业活动是TikTok的主要 收入来源，仍将由字节跳动全资控股的TikTok美国公司等实体负责。 内部信称字节跳动、TikTok已与甲骨文公司、银湖及MGX三家投资者签署协议，将成立新的TikTok美国合资公司。新合资公司名为TikTok美国数据安全合 资有限责任公司（TikTok USDS Joint Venture LLC），将负责美国的数据保护、算法安全、内容审核和软件保障。由字节跳动全资控股的、TikTok在美国的 其他实体，将继续负责电商、广告、市场运营等商业活动，以及TikTok产品的全球互联互通。协议相关事宜将不晚于2026年1月22日完成。 据第一财经报道，美国时间12月18日，TikTok CEO周受资发出内部信，更新了TikTok ...

罗永浩12月16日公布与华与华创始人华杉的录音文件名引发关注，19日这一事件有了新进展。 12月19日中午，罗永浩在微博平台发文称："刚听说，择日不如撞日，要不然就今天公布录音？" 12月16日时，有网友在微博询问罗永浩"录音的事过去了么"，罗永浩回复称："怎么可能？damocles071125463681.mp3，忙完正事，在大家（包括正 主）都以为过去了的时候"。 据报道，华与华营销咨询有限公司董事长华杉曾于11月发文称西贝"被人算计"。随后，罗永浩要求华杉在微博公开道歉，否则将公布录音。 值得注意的是，此次罗永浩发布微博，恰逢第12届华与华百万创意大奖赛正在上海中心举行，同时华杉还要通过视频号直播其年度演讲《华与华方法 与案例史》。 选择在此时发出"公布录音"的信号，或是精心策划的舆论战术。华杉在微博中称，华与华百万创意大奖赛是"华与华每年最盛大的节日"，此时抛出"录 音"的相关动作，一定程度上既能干扰对手的重要活动，又维持了"录音"事件的话题热度。 此外，16日公布的录音文件名"damocles"也颇引人关注，damocles可译为"达摩克利斯"，该文件名称或蕴含"录音"是悬在头上的"达摩克利斯之剑" ...

西部矿业：全资子公司格尔木西矿资源取得采矿许可证 10月19日，南都电源(300068)发布公告称，此前公告，公司控股股东杭州南都电源有限公司、上海益都 实业有限公司、上海南都集团有限公司正在筹划公司控制权变更相关事宜。停牌期间，控股股东与交易 对方就筹划控制权变更事项进行了充分探讨，但由于涉及事项较多，经交易各方就核心条款多次协商和 谈判后，仍未达成共识，故决定终止本次控制权变更事项。公司股票自2025年12月19日（星期五）上午 开市起复牌。 时空科技：联合中标1.41亿元智慧文旅融合项目 10月19日，时空科技(605178)发布公告称，公司（联合体牵头人）与四川省远景建筑园林设计研究院有 限公司（联合体成员）组建的联合体中标秀山县洪安边城风情小镇智慧文旅融合项目施工图设计、施工 总承包及运营管理（EPC+O），中标金额1.41亿元。 10月19日，西部矿业(601168)发布公告称，公司全资子公司格尔木西矿资源开发有限公司（下称"格尔 木西矿资源"）于近日取得青海省自然资源厅颁发的采矿许可证。格尔木西矿资源作为省内铁资源整合 平台，主要承担铁资源的拓展及开发，本次取得它温查汉西C5异常区铁多金属矿采矿 ...

中基协：截至11月末存续私募基金规模22.09万亿元 中基协公布数据显示，截至2025年11月末，存续私募基金管理人19,314家，管理基金数量138,055只，管 理基金规模22.09万亿元。其中，私募证券投资基金管理人7,568家；私募股权、创业投资基金管理人 11,567家；私募资产配置类基金管理人6家；其他私募投资基金管理人173家。（智通财经） 跨年策略攻守兼备 私募提前锁定明年主线 A股市场已步入年度收官阶段。一边是人工智能（AI）、人形机器人、商业航天等主题和概念持续催 化，另一边则是年末资金调仓带来的现实压力。近期"纠结"的盘面，考验着每一位市场参与者的神经。 在科技股的中长期投资逻辑方面，私募机构间几乎没有分歧。然而，当视角切换到年末这一特定时点， 机构间的分歧便清晰地显现出来。以丹羿投资为代表的相对乐观派认为，近期市场已经历了调整，当前 正进入"夯实底部、蓄势待发"的阶段。在他们看来，叠加海外流动性预期改善与国内经济企稳，A股与 港股科技板块在"年底至明年初有望迎来估值修复行情"。 (中证报) 多家银行调降美元存款利率 近日，随着美联储的再次降息，江苏银行、汇丰银行（中国）有限公司等多家银 ...