"他们不是在预测未来，他们是在汇报进度。"一位与会者说。 这份路线图，或许正是那块厚实跳板 第一次发出的、清晰可闻的蓄力声。 当大部分同行还在用"对标"作为宣传话术时，这家公司直接把超越Hopper、Blackwell、Rubin的时间点写进了2025-2027年的日历。底气何来？答案是：过 去七年没走捷径。 在AI芯片发布会"人均对标英伟达"的语境下，一份真正敢把超越日期写进标题的架构路线图，本身就构成了新闻。 1月26日，天数智芯公布了其2025至2027年的四代架构路线图。与寻常的未来可期不同，它像一份产品手册般精确： 2025年天数天枢超Hopper，2026年天 数天璇架构对标Blackwell，同样在2026年，天数天玑架构超越Blackwell，2027年天数天权超Rubin ，2027年之后将转向突破性计算芯片架构设计。未来3 年，天数智芯将基于此次发布的四代架构，陆续发布多款产品，持续提升计算性能。 更不同寻常的是，这份这份未来宣言的第一行，已被验证。在天数智芯路线图中的最近一代架构——2025年推出的天枢，在关键的大模型场景—— DeepSeek V3上，平均性能已比英伟达Hopper架构 ...

旅界 . 富人上天，普通人围观。 文 ｜ theodore熙少 来源｜ 旅界（ID：tourismzonenews） 封面来源 ｜ Pexels 这两天，演员黄景瑜要上天的消息引爆了社交媒体网络。 跟踪时代浪潮，讲述文旅商业好故事。 据北京穿越者载人航天科技有限公司披露，该公司的穿越者壹号太空船，可将乘客运送至距离地面高度100公里的卡门线，体验3到6分钟的失重，黄景瑜是 第009名乘客。 以下文章来源于旅界 ，作者theodore熙少 据多家媒体披露，这条太空飞船启动商业化预售后，2023年售出第一张，目前已预售近20张，预售船票价格为300万元一张，预付10%即可锁定名额。 首批乘客名单里，除了黄景瑜，还包括穿越者创始人兼CEO雷诗情、中国工程院院士李立浧、智元机器人CMO邱恒、探路者创始人王静、啟赋资本董事长 兼创始人傅哲宽，甚至还出现了一个叫众擎PM01的人形机器人。 这组跨越碳基与硅基生命的名单迅速引发了公众对中国首家载人商业航天企业的关注。 而从传播视角来看，考虑到黄景瑜娱乐圈身份，虽然是否为自费游客暂未披露，但这张明星船票更像是引爆公众关注的角色，而非纯粹购票行为。 伴随着中国太空商业首飞名单公 ...

Core Viewpoint - The article highlights the significant financing achievement of Jumpspace, a startup in the AI large model sector, which recently secured over 5 billion RMB in a B+ round of financing, marking a record for single-round financing in the past year for such companies [4][5][11]. Financing and Market Position - Jumpspace's recent financing round was led by a diverse group of investors, including state-owned funds and industry players, indicating strong market confidence in the company's potential [5][18]. - The company has positioned itself uniquely in the AI landscape by focusing on multimodal technology and physical world applications, distinguishing itself from competitors aiming to replicate models like OpenAI [15][17][43]. Technological and Commercial Strategy - Jumpspace is the only company among the "six little tigers" that is genuinely focused on multimodal capabilities, which is crucial for achieving AGI (Artificial General Intelligence) [15][34]. - The company has adopted a unique commercial strategy that emphasizes deep collaboration with leading manufacturers in key industries, such as automotive and mobile, rather than following mainstream models like subscription services or API sales [44][45]. Growth and Performance Metrics - As of the end of 2025, Jumpspace reported a 170% increase in API call volume, with significant partnerships established with major smartphone brands, leading to over 42 million devices equipped with their models [48]. - The company aims to achieve a target of 1 million vehicles equipped with its models by 2026, showcasing its ambitious growth plans in the automotive sector [48]. Investor Sentiment and Market Dynamics - The financing success of Jumpspace and other companies like Moonlight has sent optimistic signals to the market, suggesting that the primary market still supports the development of large model startups [11][51]. - Investors are increasingly adopting a pragmatic approach, focusing on companies that can demonstrate solid performance and unique value propositions in the evolving AI landscape [51][52].

以下文章来源于硬氪 ，作者黄楠 多模态技术与自研硬件结合， 构建软硬件一体化的学习生态。 文 ｜ 黄楠 编辑 ｜ 袁斯来 来源｜ 硬氪（ID：south_36kr） 封面来源 ｜ 企业官方 当"护眼"和"沉浸学习"成为当代家长挑选教育产品时最为看重的两大要素，一款"去屏幕化"的产品正试图重新塑造学习陪伴的形态。 硬氪获悉，北京盒智科技有限责任公司（以下简称"盒智科技"）此前已完成数百万级天使轮融资。我们总结了该公司几大亮点： 硬氪 . 专注全球化、硬科技报道。36kr旗下官方账号。 融资金额及投资机构 融资轮次： 天使轮 融资规模： 数百万元 领投方： 奇绩创坛 资金用途： 本轮融资将主要用于技术研发投入，加快产品迭代优化更新，并推进首批硬件规模化量产与交付。 公司基本信息 成立时间： 2023年11月 注册地址： 北京市海淀区中关村东路 企业定位： 盒智科技瞄准6-12岁儿童外语学习刚需赛道，研发推出了AI智能口语练习陪伴硬件产品，其产品定位为一款"AI硬件版多邻国"，通过多模态技 术与自研硬件相结合，构建软硬件一体化的学习生态，为家庭提供专业化、个性化且护眼的学习解决方案。 技术亮点： 盒智科技的产品理念 ...

Core Viewpoint - Yonghui Supermarket has reported continuous losses for five consecutive years, with a total loss exceeding 11.6 billion yuan from 2021 to 2025, indicating a significant decline in its financial health and operational efficiency [4][5]. Financial Performance - In 2025, Yonghui is expected to report a net loss of 2.14 billion yuan, compared to a loss of 1.47 billion yuan in the previous year, reflecting an increase in daily losses to approximately 6 million yuan [4]. - Cumulative losses from 2021 to 2025 are as follows: 3.944 billion yuan in 2021, 2.763 billion yuan in 2022, 1.329 billion yuan in 2023, 1.465 billion yuan in 2024, and 2.14 billion yuan in 2025, totaling over 11.6 billion yuan [4]. Strategic Adjustments - Yonghui has attempted various strategies to reverse its declining performance, including launching "Super Species" for fresh food and dining, establishing Yonghui MINI community stores, and exploring warehouse stores and digital transformation, but these efforts have not yielded positive results [4]. - The company has faced increased costs due to store adjustments, supply chain reforms, and asset impairments, which have contributed to the widening losses [5]. Market Reaction - Following the announcement of a support plan from the management of "Fat Donglai," Yonghui's stock price rose over 20% in three consecutive trading days, indicating market optimism regarding the company's transformation efforts [5].

Core Viewpoint - The collaboration between H&M and Chinese designer Jacques Wei represents a significant step in H&M's transformation towards a more fashion-forward brand, showcasing a blend of Eastern and Western design elements while aiming to enhance its market presence in Asia and globally [10][12]. Group 1: Collaboration Details - The collection inspired by "horses" features key design elements from Jacques Wei's brand, including beading, metal accessories, and animal prints, highlighting H&M's shift towards more fashion-oriented offerings [5][10]. - The collaboration series will be primarily sold in China, South Korea, Singapore, Thailand, and Australia, with a focus on more daring designs for international markets, while practical styles remain popular domestically [10][12]. - The pricing of the collaboration series is approximately half of Jacques Wei's original brand prices, making it more accessible [10][12]. Group 2: Jacques Wei's Brand Performance - Jacques Wei's brand has released nine collections with an annual revenue of €3 million and has established a presence in over 30 international fashion retail channels [8][10]. - The brand's structure, with Jacques Wei as CEO and Austin Feng managing overall image, has positioned it well for broader market appeal [7][10]. Group 3: H&M's Transformation Strategy - H&M is undergoing a transformation to become more fashionable, with a focus on high-end collaborations and a shift in product offerings, including a reduction in basic items and an increase in premium lines [12][16]. - The company's financial performance shows early signs of success, with a 2% year-on-year increase in net sales and a 40% rise in operating profit for Q3 of FY2025 [13][15]. - H&M's strategy includes a significant reduction in the SKU proportion of low-priced products in the UK and an increase in the EDITION series in China to elevate average transaction values [16]. Group 4: Broader Industry Context - H&M's transformation is part of a larger trend among retailers like GAP and A&F, which are also focusing on product upgrades and enhanced shopping experiences to compete with new players in the fast fashion market [15][16]. - The success of H&M's transformation will depend on its ability to integrate the high-fashion appeal of collaborations into everyday offerings, making "fashionable" a consistent experience for consumers [16].

以下文章来源于硬壳INK ，作者热点捕手 硬壳INK . 当下年轻人的生活、消费与情感观察。 高手在民间。 文 ｜ 杨一凡 来源｜ 硬壳INK（ID：xjblvyou） 封面来源 ｜ 网络 天气一冷，人的活动半径就会明显收缩。 能在手机上用外卖搞定的事情，都非必要不出门。 最直观的感受是，晚上下班回家的路上，骑手手里的保温袋更多了。 热气腾腾的外卖送到门口，开门、拆袋、取餐一气呵成。 按理说，收到外卖后保温袋的任务已经完成。 归宿是混杂着吃剩的外卖盒被扔进垃圾桶。 但在这个冬天，保温袋被开发出了更多用法。 外卖保温袋爆改大赛 有人打开思维，直接套在车把上，零下的早高峰里，手指至少还能保住知觉。 后来，这种改造欲开始扩散。 最早 " 盯上 " 外卖保温袋的，是那群需要和冷风正面交锋的人。 骑电动车的群体。 他们发现，这种袋子厚实、防风、内层反光，还自带一定防水属性。 成年人很容易买到合适的挡风被，但儿童尺寸很难挑。 剪一剪、缝一缝，就能变成一条简易 " 儿童版挡腿 " 。 从二轮蔓延到三轮和四轮。 北方朋友都知道，冬天早晨开车比室外更冷。 没有座椅加热的车主，把外卖保温袋铺在座椅上，当作 " 座椅加热 " 。 ...

Core Viewpoint - The article highlights the significant growth and strategic partnerships in the cross-border e-commerce and technology sectors, particularly focusing on brands expanding into overseas markets and the increasing demand for innovative technologies in various industries [4][5][6]. Group 1: Brand Expansion and E-commerce Growth - Over 50 leading brands, including Honor, Baseus, and Nubia, have signed with AliExpress for the "Super Brand Outbound Plan" to accelerate their overseas market expansion, particularly in high-value categories like consumer electronics and smart home devices [4]. - TikTok Shop in Southeast Asia is projected to double its GMV by 2025, with daily GMV increasing by 90% year-on-year, indicating a strong consumer upgrade trend in the region [5][6]. - Cainiao's global overseas warehouse is expected to see a 32% year-on-year increase in order processing volume by 2025, with operations in over 40 overseas warehouses across 18 countries [8]. Group 2: Technological Innovations and Collaborations - Eagle Network's new game "Arknights: End of the World" has launched globally, supported by Alibaba Cloud to handle high concurrency demands during the launch [4]. - NineSight has initiated Malaysia's first autonomous vehicle testing project in collaboration with local postal services, showcasing the company's expansion into Southeast Asia [7]. - Baidu's "LuoBo Kuaipao" has launched a fully autonomous driving service in Abu Dhabi, marking its first overseas public service deployment [8]. Group 3: Investment and Market Trends - Zhongke Kelan has completed a multi-million angel round financing to accelerate its biodegradable plastic products' overseas expansion, targeting applications in ecological agriculture and marine environments [10]. - Yanhe Technology has secured nearly 100 million yuan in A1 round financing to enhance its global market presence and production capabilities for perovskite batteries [11]. - The overseas micro-short drama market is expected to exceed $5 billion by 2026, with Chinese apps capturing 90% of the market share [12][13].

冬季保暖，本不该是如此高门槛的事。 文 ｜ 小在 编辑 ｜ 她姐 来源｜ 她刊（ID：iiiher） 封面来源 ｜ unsplash 冬季必需的羽绒服，越来越让人高攀不起了。 过去一年间，羽绒全面涨价，绒子含量90%的白鸭绒，从每吨17万元暴涨至58万元。羽绒服的售价也水涨船高，远远超出"日常"的范畴，动辄几千、上万 元。 当"穿得暖"变成一件愈发昂贵的事，自制羽绒服的热潮，也随之而起—— 有人买来便宜大碗的散装鸭绒，把它一点点塞进旧衣服的夹层；有人索性从零开始，画版型、裁布料、填充优质鹅绒，亲手做出一件真材实料的羽绒服。 以下文章来源于她刊 ，作者小在 她刊 . 关于女性的一切 失败的案例，也在同步发生。有的自制羽绒服用料过猛、臃肿如泳圈；有的针脚没缝好、边走边掉绒……人们精心赶工好几天，最终做出来的成品，既不够 保暖，又叫人心寒。 想穿一件物美价廉、足够暖和的衣服，劳心劳力，费手费钱，最终结果却总是不如人愿。冬季保暖，本不该是如此高门槛的事。 羽绒服，我只穿自制的 今天是大寒，一年中最冷的时候。 北京人一觉醒来，恍惚中以为自己被连夜运到了西伯利亚。 他们随即打开购物软件，想要重新买一件，傻眼的程度却进一步 ...

以下文章来源于极昼工作室 ，作者极小昼 极昼工作室 . 为坚持严肃阅读的人群提供选项。搜狐新闻极昼工作室。 "为了您的资金安全。" 文 ｜ 魏荣欢 编辑 ｜ 王之言 来源｜ 极昼工作室（ID：media-fox） 封面来源 ｜ IC Photo 年轻柜员面带微笑，放缓语速，说出"万能回答"："不好意思先生，这边也是为了您的资金安全，先跟您核实一下。如果没有异常的话，我们还是可以给 取的。" 对方没再说什么，配合说了用途。李湘媛松了口气，心头涌上一股为难情绪。当地反诈中心要求，取现2万元以上，必须询问客户取款用途，即完成尽职 调查。且，不能透露这是反诈中心的要求。 这一规定始于2024年5月，是营业室主任从反诈中心的一次会议上带回来的。相较之前，算是宽松了些——此前要求无论取现金额多少，都要询问并上 报。无论哪次规定，李湘媛都没见到文件，仅是口头通知。 自2022年12月1日起施行的《反电信网络诈骗法》规定，银行业金融机构在监测识别异常账户和可疑交易后，应当根据风险情况，采取必要的防范措 施，并建立客户尽职调查制度。 自2022年12月1日起施行的《反电信网络诈骗法》规定了银行业金融机构在反诈工作中的角色之后， ...