以下文章来源于王智远 ，作者王智远 王智远 . 商业记录者，主持人、《复利思维》《自醒》图书作者；专注于市场营销、消费心理、AI新科技、精 神生活与商业探索。 本文来自微信公众号： 王智远 ，作者：王智远 早上，刷到条韩国媒体的新闻。 三星电子今年第一季度把NAND闪存价格直接上调了100%以上。这什么概念？ 几个月前，光头分析师们，还慢悠悠预测，说四季度大概涨30%多，一季度也就维持这个水平。结果 呢？三星反手就来个「超级加倍」。 很多人看到存储大幅涨价，第一反应是三星想钱想疯了。但要站在商业博弈的角度看，这更像一场豪 赌。堵什么？赌在AI面前，下游厂商根本没讨价还价的余地。 为啥敢这么赌？核心原因有三个。第一，「结构性断层」会是长期常态。 现在市场上不是所有芯片都缺，真正抢着要的是「能喂饱GPU的高性能eSSD」和「能跑端侧大模型 的LPDDR5X」。 数据中心那边，英伟达H100/B200集群就跟一群饿狼似的，只有最新的PCIe 5.0企业级SSD才配得 上，部分超算集群甚至已搭配CXL存储，可这类高端存储的产能全球就那么几条线。 我用Agent跑了下数据： 2024年渠道库存周转天数还有45天，到20 ...

整个商超行业，也在看着永 辉的选择，寻找自己的答案 出品｜虎嗅商业消费组 作者｜李佳琪 编辑｜苗正卿 题图｜Ai生成 2026年1月20日，永辉超市的2025年业绩预告，让整个零售行业再次将目光聚焦在这位昔日商超巨头身上： 归母净利润预亏21.4亿元，连续第五年亏损，亏损额同比扩大45.6%。 从2021年归母净亏39.44亿元，到2025年的21.4亿元，五年间永辉在亏损的泥潭里越陷越深，即便喊出"质 量增长"的口号、启动315家门店的"胖东来模式"调改，换来的却是超12亿元的转型成本、近90%的资产负 债率，以及悬在头顶的现金流危机。 当多个区域商超靠精细化调改实现盈利改善，当胖东来以13家门店创下200亿销售额零负债的成绩，永辉这 场全国性的"胖东来复刻运动"，为何成了一场越改越亏的局？是犯了抄作业只抄表面，没抄内核的"病"？ 还是永辉尚处在从"规模至上"到"质量增长"转型的水土不服中？ 五年亏超百亿 永辉的亏损，早已不是新鲜事。同花顺金融数据库的财报数据显示，2021-2024年，永辉归母净利润分别 为-39.44亿元、-27.63亿元、-13.29亿元、-14.65亿元，加上2025年预亏的21.4 ...

Core Viewpoint - The article emphasizes China's dominant position in the global pharmaceutical supply chain, particularly in the production of Active Pharmaceutical Ingredients (APIs) and Key Starting Materials (KSMs), which poses a significant asymmetric threat to U.S. national security [4][5]. Group 1: China's Dominance in Pharmaceutical Supply Chain - China holds a near-monopoly in the production of various pharmaceutical raw materials, with over 90% of global antibiotic intermediates supplied by China [18]. - Approximately 70%-80% of global vitamin production capacity is controlled by China, making it a critical player in the pharmaceutical industry [19]. - China's low-cost, high-output chemical manufacturing capabilities create significant barriers for competitors, allowing it to define prices and capacities in the market [21]. Group 2: Impact of Geopolitical Tensions - The U.S.-China trade tensions have led to concerns about the dependency of the U.S. on Chinese pharmaceutical supplies, which could lead to drug shortages in critical situations [9][10]. - The article illustrates a hypothetical scenario where geopolitical tensions could disrupt the supply of essential medications, highlighting the risks of "asymmetric interdependence" [7][9]. - The ongoing drug shortage issues in the U.S. are exacerbated by the complex global supply chain, where many active ingredients are sourced from China [10][11]. Group 3: Historical Context and Strategic Decisions - The article discusses the historical context of the pharmaceutical industry's shift, where Western companies outsourced low-margin API production to lower-cost countries, primarily China, while retaining high-margin R&D and marketing functions [23][24]. - This outsourcing has led to a significant loss of industrial capability in the West, as the foundational skills and infrastructure for API production have diminished [32]. Group 4: Challenges for India as an Alternative - India, often referred to as the "world's pharmacy," lacks the complete supply chain necessary for API production, relying heavily on Chinese intermediates [36][38]. - Despite efforts to establish a domestic API supply chain, India's progress is hindered by infrastructure challenges and the dominance of Chinese suppliers [37][39]. Group 5: Future Outlook and Strategic Recommendations - The article suggests that China is transitioning from merely being a low-cost producer to becoming a leader in technology and standards within the pharmaceutical industry [43]. - As geopolitical tensions rise, the need for China to innovate in green technologies and maintain its competitive edge in the pharmaceutical supply chain becomes critical [55][56]. - The future of the pharmaceutical industry will focus on balancing efficiency and safety, with the ability to provide cost-effective and safe drugs being a key determinant of success [58].

以下文章来源于极客公园 ，作者张勇毅 极客公园 . 用极客视角，追踪你最不可错过的科技圈。欢迎同步关注极客公园视频号 本文来自微信公众号： 极客公园 ，作者：张勇毅，编辑：靖宇，原文标题：《「AI 无处不在」的 达沃斯，科技巨头们都说了哪些金句？》 首先，其实这个文章标题有点标题党：今年或许并不是AI味儿最浓的一届达沃斯。 但是在世界经济论坛上，AI毫无疑问，已经成为与世界经济息息相关的议题：超过84位世界领导 人、800位CEO以及数以千计的其他与会者齐聚瑞士达沃斯，在阿尔卑斯山间参加年度会议。 今年的达沃斯，再也没有围绕「AI会不会改变世界」的讨论，而是集中在两个更难回答、也更具冲 突的命题上：「AI的时间表到底有多激进」以及「AI的成本、收益和风险如何在社会中分配，哪些 群体先承受冲击，哪些群体先拿到红利」。 在现场，多位主持人都抛出了一个长期争论不休的话题：AI行业是否正处在泡沫之中——也就是企 业估值远远超过其当前可兑现的实际价值。行业领袖从不同角度回应，但结论却趋于一致：一切都还 好。 无论是围绕AI时间表，还是AI对就业的影响，各路大佬都在演讲中产生了直接交锋。这让今年的达 沃斯变得更具看点。 ...

Core Viewpoint - The article discusses the strategic importance of Alibaba's chip subsidiary, Pingtouge, in the context of its AI ambitions and the competitive landscape of the chip industry in China [4][7]. Group 1: Pingtouge's Role and Strategy - Pingtouge is positioned as a "tactical base" within Alibaba's AI ecosystem, which includes Alibaba Cloud, Pingtouge, and the Qianwen model [4][5]. - Since its establishment in 2018, Pingtouge has been heavily invested in, focusing on developing a full-stack capability across various chip types, including CPU, GPU, and storage chips [5][6]. - Pingtouge's diverse product offerings, such as the AI inference chip Lingguang 800 and the server CPU chip Yitian 710, differentiate it from other domestic chip manufacturers that typically focus on a single segment [6][7]. Group 2: Competitive Landscape - The article highlights the differences in chip strategies among major Chinese internet companies, with Pingtouge adopting a full-stack approach while competitors like Tencent and ByteDance focus on specialized chips [8]. - Pingtouge's strategy is seen as a response to the competitive pressures from companies like Huawei, Xiaomi, and Baidu, which are also heavily investing in chip technology [10]. Group 3: Future Prospects and Challenges - If Pingtouge successfully goes public, it could alleviate Alibaba's financial pressure and allow for more resources to be allocated towards foundational models and consumer AI products [10][11]. - The chip market is characterized as a "slow engineering" field, indicating that long-term investment and sustained effort will be necessary for success [11].

以下文章来源于地球知识局 ，作者地球知识局 地球知识局 . 人文+地理+设计，全球视野新三观。 合作请联系：xiaobaibai_9999（注明品牌和需求） 本文来自微信公众号： 地球知识局 ，作者：地球知识局 刚刚，2026年U-23亚洲杯的悬念尘埃落定，中国U-23国奥队"惜败"日本。双方经过长达90分钟的鏖 战，最终比分定格在0:4。 看台上的红色海洋如潮水般翻涌，为中国健儿加油打气。虽然最终惜败，但能够挺进决赛，已经标志 着中国青年足球实现了历史性突破。 这场决赛不仅仅是一场足球比赛，它更像是一次关于成长、韧性与宿命的深度对话。 在这个夜晚，门将李昊扑救的瞬间成为了永恒，而年轻的国字号球员们，用汗水在多哈的草皮上书写 了属于这一代人的英雄叙事。 挺进决赛：铁血防线与复仇之战 这种防守至上的务实风格，也成为了中国队此次能够挺进决赛的战术基石。 如果说小组赛是试炼，那么四分之一决赛对阵乌兹别克斯坦，则是这支球队破茧成蝶的转折点。在这 场艰苦卓绝的比赛中，双方在常规时间和加时赛内均无建树。 点球大战成为了门将李昊的个人表演秀。这位被球迷亲切称为"零封居士"的年轻门将，在点球点前展 现出了与年龄极不相称的冷静 ...

Core Viewpoint - The article discusses the challenges faced by Proya, a leading domestic beauty brand in China, after achieving the top revenue position in the industry. It highlights the company's struggle to maintain its market leadership amid declining sales and profits, particularly following the transition to a new generation of leadership. Group 1: Company Performance - Proya's revenue for Q3 2025 was 1.736 billion yuan, a year-on-year decline of 11.63%, with net profit dropping by 23.64% to 227 million yuan, marking the first time the company faced a simultaneous decline in both revenue and profit [6][7]. - The company's stock price has significantly decreased from a peak of 129.01 yuan per share in March 2023 to 73.18 yuan per share by January 2026 [6][8]. - In 2024, Proya's main brand revenue reached 10.778 billion yuan, making it the only domestic beauty giant to enter the "100 billion club" [11]. Group 2: Challenges and Market Dynamics - The beauty industry is entering a micro-growth phase, with Proya facing challenges from industry cycles, intensified competition, and internal bottlenecks [7][9]. - Proya's reliance on a few key products, such as the Ruby Essence and the Early C and Late A series, has led to stagnation as these products approach the latter stages of their life cycles [12][13]. - The company is experiencing high marketing costs, which are eroding profit margins, as traditional marketing strategies become less effective in the current market environment [16][18]. Group 3: Strategic Responses - Proya is attempting to revitalize its product lines and has introduced new brands like OR and Cai Tang, but these efforts have not yet compensated for the slowdown in its main brand's growth [14][30]. - The company is also focusing on enhancing its offline presence, having initiated partnerships with offline pharmacies and retail channels, but has seen a decline in offline revenue [21][22]. - Proya's leadership transition has led to significant changes in its executive team, which may impact its strategic direction and operational stability [26][28]. Group 4: Financial Health and Future Outlook - Proya's financial health remains robust, with projected cash flow of 4.07 billion yuan by the end of 2024 and potentially reaching 6.2 billion yuan by the end of 2027, with no short-term or long-term bank loans [31]. - The company is exploring opportunities for international expansion and product development through potential listings and investments, which could provide additional growth avenues [31].

Core Insights - The article emphasizes that the current state of AI is primarily focused on financial returns, with a significant shift towards understanding its practical applications in business settings [5][6] - It highlights a collective realization that AI's role is often limited to enhancing existing processes rather than creating revolutionary new solutions [12][21] Group 1: AI in Consumer and Business Sectors - In the consumer sector, while AI tools like ByteDance's Douyin and DeepSeek have seen high user engagement, the willingness to pay for advanced services remains low, with a subscription rate of only 25% to 30% in AI education [5][8] - The business sector, however, is more pragmatic, with traditional industries actively seeking to integrate AI to solve specific cost-related challenges, such as reducing bad debt losses in finance or shortening drug development cycles in pharmaceuticals [8][9] Group 2: Challenges in AI Implementation - Many AI startups struggle to demonstrate effective delivery capabilities, as businesses demand integration with existing systems and cost efficiency that outperforms hiring interns [10][11] - The article points out a "productivity paradox," where AI's current applications often lead to increased production of low-value content rather than meaningful improvements [11][18] Group 3: Data and Automation Debt - A significant barrier to effective AI deployment is the "data debt," where many companies lack proper data governance and training, leading to fragmented and unreliable data systems [22][23] - The article also discusses "automation debt," particularly in traditional manufacturing, where outdated software and lack of integration hinder AI's potential [24][25] Group 4: Future of AI - By 2026, the article predicts a major transformation in AI applications, driven by a significant reduction in inference costs, potentially down to 1% of human labor costs, which would fundamentally change the business logic of AI [28] - The emergence of "agent" AI, capable of autonomously completing tasks, is anticipated, with companies needing to encapsulate industry-specific knowledge into software to maintain competitive advantages [30][32] - The article concludes that successful AI applications will seamlessly integrate into existing business processes, focusing on tangible problem-solving rather than abstract concepts [36]

以下文章来源于腾讯科技 ，作者郭晓静 腾讯科技 . 腾讯新闻旗下腾讯科技官方账号，在这里读懂科技！ 本文来自微信公众号： 腾讯科技 ，编辑：徐青阳，作者：郭晓静 1944年，阿根廷作家豪尔赫·路易斯·博尔赫斯曾在《巴别图书馆》中，为人类构筑了一个由无限六角 形回廊组成的"全书图书馆"。 起初，它是神谕的代名词。人们沉浸在"万物皆已写就"的狂喜中，穷极一生去追寻那本能解释宇宙真 相、甚至是个体命运的"辩护状"。 然而，当狂欢落幕，真相显露：在近乎无限的、由乱码组成的废纸堆里，寻找一行有意义的叙述，概 率微弱到近乎虚无。 信息的极度冗余，非但没有点亮智慧，反而以噪声淹没了意义。 博尔赫斯笔下的旅行者穿梭于周而复始的卷册间，看透了那令人绝望的循环。他预言人类终将灭绝， 而图书馆永存——"青灯孤照，无限不动，藏有珍本，默默无闻。" 我们正站在知识饱和的奇点：当算法可以在瞬间穷尽文字的所有组合，我们是在挖掘通往真理的沃 土，还是在加速步入一片精神的荒原？当一切皆可生成，是否意味着一切皆无意义？人类智慧的护城 河在何方？我们应该如何与AI共存，并利用它创造出真正有价值的内容？那些记录着人类"不完美灵 魂"的文学与艺术，是 ...

以下文章来源于知社学术圈 ，作者Phoebe Little 知社学术圈 . 海归学者发起的公益学术交流平台，旨在分享学术信息，整合学术资源，加强学术交流，促进学术进步 在所有发达国家，女性都难以兼顾事业、家庭生活和抚育子女。在韩国，这种挑战尤为严峻。韩国女 性的受教育程度很高，在结婚之前，女性就业率与男性几乎没有差距，但是一旦结婚生子后，大量韩 国女性就停止了工作：只有56.2%的母亲依然在岗，这一比例在经合组织成员国中排名倒数第四。 韩国人平均每年工作1865小时，比美国人（1736小时）和瑞典人（1431小时）的工作时间更长。这 使得她们很难平衡工作和母亲的角色，更不用说有时间去做任何其他事情。雇主也对女性施加了巨大 的压力，要求她们不要生育：调查显示，27%的女白领被迫签署不合理的劳动合同，承诺如果怀孕或 结婚就辞职。 种种不利因素叠加韩国臭名昭著的职场性别歧视，超过62%的女性在第一个孩子出生前后就辞职了， 只有很少一部分母亲能够重返职场。 到孩子十岁时，他们的母亲的收入平均会下降66%，这远远高于美国（31%）、英国（44%）和瑞典 （32%）等国家的收入降幅。以上种种都意味着对于韩国女性来说，生孩 ...