以下文章来源于分析师Boden ，作者分析师Boden 分析师Boden . 《以日为鉴》书籍作者，希望带给您客观的经济解读。 本文来自微信公众号： 分析师Boden ，作者：分析师Boden，题图来自：AI生成 最近一段时间，关于中美AI的发展再次成为热议的焦点。有人焦虑AI时代下普通人应该怎么办，打 开社交媒体，满眼都是AI让美国发生了重大变化，或者美国的哪位前沿专家提出的惊奇内容。 如果只看这些信息，很容易得出一个结论，那就是美国的经验是可复制的。 于是不断有人通过将美国AI在本国造成的影响，包装成即将席卷中国的下一波浪潮。这其实很好理 解，既然他们已经跑通了路径，我们只需要跟上节奏就能在AI浪潮中分得一杯羹。看似合理的判断 既解决了内心中的焦虑，也迎合了人性中对确定性的渴望。 这种套利逻辑极其简单，美国作为全球风险投资最发达的地区，每天有大量初创公司诞生，有大量的 商业模式被测试，也有大量概念被推向市场。这些尝试中，99%会失败，但剩下的1%一旦跑通，就 会成为全球资本关注的焦点。 而在地球的另一端，中国拥有极其庞大的市场规模，增长速度也十分惊人，可信息获取渠道相对有 限，于是这就形成了一个天然的套利 ...

本文来自微信公众号： 腾讯科技 ，作者：晓静，编辑：徐青阳，原文标题：《技术指数级发展，可 怕的是全世界竟无察觉｜Anthropic CEO最新访谈》，题图来自：视觉中国 "我90%确信，2035年前人类将迎来'数据中心里的天才国度'——甚至可能就在一两年内。" Anthropic CEO达里奥·阿莫代伊 （Dario Amodei） 说出这句话时，语气平静得像在预言明天的天 气。 但真正让他抓狂的不是技术进展太快，而是全世界竟然毫无察觉。在接受美国知名博客主持人德瓦克 什·帕特尔 （Dwarkesh Patel） 近150分钟的深度专访中，阿莫代伊反复强调一个观点： 我们离AGI 的终点比任何人想象的都要近，而公众还在讨论那些老掉牙的政治话题。 帕特尔：现在"规模扩展"的假设到底是什么？预训练的扩展定律大家都懂，但强化学习扩展好像没有 公开的规律可循。 阿莫代伊：我现在的假设跟2017年写《大计算块假说》 （The Big Blob of Compute Hypothesis） 时是一样的，与图灵奖得主、强化学习之父里奇·萨顿 （Rich Sutton） 的《苦涩的教训》 （The Bitter Lesso ...

Core Viewpoint - The 2026 Spring Festival Gala showcased a record number of humanoid robot brands, highlighting the rapid development and commercialization of the robotics industry in China, which is projected to become a trillion-dollar market [4][10]. Group 1: Robotics Showcase at the Spring Festival Gala - Four humanoid robot companies, Yuzhu Technology, Galaxy General, Magic Atom, and Songyan Power, made a collective appearance, marking a significant milestone in the gala's history [4][6]. - The performances included various programs featuring humanoid robots, demonstrating their advanced motion control and interactive capabilities [6][8]. - The robots showcased in the gala included high-performance models capable of complex movements and interactions, emphasizing their potential applications in family assistance and elder care [6][7]. Group 2: Marketing and Commercialization - The high costs associated with participating in the Spring Festival Gala, ranging from 16.99 million to 59.99 million yuan, reflect the competitive nature of brand positioning in the robotics market [11]. - The exposure from the gala has proven beneficial for companies, with significant increases in search and order volumes for robots shortly after the event [14]. - The gala serves as a critical platform for companies to establish brand recognition and trust among potential customers, particularly for startups [9][14]. Group 3: Industry Trends and Future Outlook - The humanoid robotics industry is at a pivotal point, transitioning from technology validation to large-scale production, with projections indicating a market size of nearly $1.3 billion by 2026 [16]. - The supply chain's maturity and cost reductions in key components are driving down production costs, making robots more accessible [16][18]. - The industry faces challenges such as technological bottlenecks and ethical concerns, but the establishment of standards and international collaboration is underway to address these issues [18].

以下文章来源于那些原本是废话的常识 ，作者叶克飞 那些原本是废话的常识 . 因为闲着没事干，所以说说那些原本是常识的废话 本文来自微信公众号： 那些原本是废话的常识 ，作者：叶克飞 昨天看到一篇文章， 大事正在发生，但绝大多数人还没有意识到 ，颇有感触。 文章中提到，有硅谷创业者在社交媒体中写道："我认识的几乎所有在科技行业工作的聪明人，都感 到极度焦虑。仿佛一切都即将彻底崩塌。"就在同一天，另一位科技博主写道："我不知道为什么 2026年会成为一个转折点，但我认识的几乎所有真正关注时事的人，都正在经历某种程度的生存危 机。" 文中提到，GPT-5.3 Codex的进化就不再只是执行指令，而是在作出智能决策，展示了"判断 力"和"品味"——这是人类曾断言AI永不会拥有的东西。 AI的进化方式也是惊人的，被作者总结为"递归自我提升（Recursive Self-Improvement）"。也就是 说，最新的AI，是AI用自己的前身创造出来的。最初的AI确实笨笨的，但"在AI的时间尺度里，两年 是远古历史"。 文中写到人类可能面对的残酷未来—— 作者提出了一个巨大的反差："一群世界上最聪明的大脑正处于极度的生存焦 ...

以下文章来源于Linda产业笔记 ，作者Linda 梁领 Linda产业笔记 . 看周期，拆生意，写融资真相。用投行视角拆解行业、商业模式与投融资结构。 本文来自微信公众号： Linda产业笔记 ，作者：Linda 梁领 过年最大的开支是什么？ 不是年夜饭，不是新衣服，不是车票机票。 是红包。 你给爸妈包了红包，给侄子侄女包了红包，给岳父岳母包了红包，在家族群里发了红包，在同事群里抢了红包又发了红包，在闺蜜群里发了个 拼手气红包，然后手气最差，自己又补了一个。 除夕夜还没过完，你的微信支付已经是一片红色的流水记录。 打开一看——好家伙，进进出出，自己净支出三千多。 而且，这场资金再分配有一个很有趣的特点——它的资金流向，几乎完全由社会关系决定。 长辈给晚辈发压岁钱，是纵向的代际转移。同辈之间在群里抢红包，是横向的随机再分配。你给客户发红包、给老师发红包、给丈母娘发红包 ——这些都是带有明确社交目的的"定向转移支付"。 没有任何一个经济学模型能完美描述这件事。但如果非要给春节红包一个金融定义，我会说——它是全世界最大的、去中心化的、以人情关系 为底层逻辑的年度资金再分配系统。 二、压岁钱的"资产负债表"：你 以 ...

Core Viewpoint - The article discusses the recent trend of AI professionals resigning from their positions, highlighting a sense of despair and foreboding regarding the future of AI and its implications for humanity. It suggests that these resignations are not merely job changes but a collective acknowledgment of the profound changes and challenges posed by advancing AI technologies [4][5][26]. Group 1: AI Resignation Phenomenon - In recent months, a notable trend has emerged where prominent AI researchers and executives are publicly resigning, often through lengthy letters that express deep concerns about the future of AI [12][20]. - The resignations are characterized by a tone of melancholy, with some individuals likening their farewell messages to writing a will rather than simply changing jobs [5][12]. - Key figures in the AI industry, such as Mrinank Sharma and Zoë Hitzig, have articulated their fears regarding the ethical implications and commercialization pressures within their companies, leading to their departures [15][18]. Group 2: The Concept of the Singularity - The article references the concept of the "Singularity," a point where machine intelligence surpasses human intelligence, which has been a topic of speculation for decades. Predictions about its arrival have become increasingly urgent, with some experts suggesting it could occur as early as 2026 [6][10]. - The narrative suggests that those at the forefront of AI development are beginning to feel that they may no longer be the most intelligent beings on the planet, raising existential questions about humanity's future [7][24]. Group 3: Insights from Resignation Letters - Resignation letters from AI professionals reveal three main concerns: the rapid advancement of AI capabilities, the erosion of safety measures in AI development, and a fundamental unease about humanity's place in a world increasingly dominated by intelligent machines [20][23][24]. - The first concern highlights the exponential growth in AI's ability to perform complex tasks autonomously, with reports indicating that AI's task complexity doubles approximately every four months [21][22]. - The second concern addresses the dismantling of safety protocols within AI companies, as commercial pressures take precedence over ethical considerations [23]. - The third concern reflects a deeper anxiety about the implications of AI on human identity and existence, with some resigning individuals expressing fears that AI could fundamentally alter what it means to be human [24][25]. Group 4: The Future of Work and Human Existence - The article discusses the potential for widespread unemployment due to AI advancements, suggesting that if job loss becomes a collective experience, it may not carry the same stigma as individual unemployment [32]. - It posits that individuals may need to redefine their lives and purposes in a world where machines outperform humans in cognitive tasks, leading to a shift in societal values and personal fulfillment [32][33]. - The narrative concludes that those resigning from AI companies are not merely escaping but are instead seeking to embrace a new way of living that acknowledges the changing landscape of work and existence in the age of AI [33].

Core Viewpoint - The article discusses the competitive landscape of AI large models in China, highlighting the emergence of major players and the strategic moves of DeepSeek, led by Liang Wenfeng, amidst intense competition in the AI sector [4][19]. Group 1: Competitive Landscape - Major internet giants are aggressively competing to establish their AI large models as the primary traffic entry point, with significant cash incentives being offered to users [7][22]. - Companies like Tencent, Baidu, and Alibaba are investing heavily in user acquisition through cash giveaways, indicating a fierce battle for market share in AI applications [7][22]. - The release of new models by ByteDance and Alibaba demonstrates a coordinated competitive response, while DeepSeek appears to be taking a more subdued approach [9][10]. Group 2: DeepSeek's Position - DeepSeek, founded by Liang Wenfeng, gained recognition for its cost-effective AI model R1, which competes with top global models at a fraction of the cost [4][17]. - Despite speculation about the release of a new flagship model (V4), DeepSeek has maintained silence, opting for a quiet update that significantly increased its context window from 128K to 1M tokens [10][11]. - The company continues to recruit talent, indicating ongoing development and a commitment to innovation in AI technology [11][20]. Group 3: User Engagement and Market Strategy - DeepSeek is shifting focus towards understanding and addressing user needs, as evidenced by its recruitment for product management roles aimed at enhancing user experience [20][21]. - The competitive landscape is shifting towards meeting real user demands, with companies that can effectively solve user problems poised to dominate the AI market [24]. - The article emphasizes that the next decade of internet order will be defined by which companies can successfully engage users and leverage AI capabilities [24].

以下文章来源于盐财经 ，作者张来 他在书里描述世纪之初的中国变化：在规模庞大的制造业之外，知识密集型的商业机会开始爆 发，"证据"就是大连——那里的高楼大厦挂着国际品牌：通用电气、微软、戴尔、甲骨文、惠普、索 尼和埃森哲。这些跨国公司在亚洲地区的后台支持工作、软件研发工作，都在大连完成。 历史再次翻过二十载，大连又一次展现了它作为"共和国长子"重要组成部分的担当。 2026年1月23日，大连统计局发布2025年经济运行情况：实现地区生产总值10002.1亿元，完成历史 性跨越。事实上，这是一个预料之中的成绩。作为东北"经济第一城"，大连近几年的GDP拉升速度 都比较快，自2018年以来，顶住压力、一步步走上了从7000亿到9000亿再到万亿的台阶。 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 本文来自微信公众号： 盐财经 ，作者：张来，编辑：|谢奕秋 "我曾于1998年去过大连，当2004年再次来到这里时，我竟然已经认不出这座城市了。"美国经济学 家托马斯·弗里德曼在《世界是平的》一书中，曾这样记述对大连的印象。 大连市2025年经济运行情况：实现地区生产总值 10002.1亿元/图源：大连 ...

以下文章来源于AGI接口 ，作者宋思杭 AGI接口 . AI卷起的财富风暴。 刚站稳的机器人，已经开始 为流量"内卷" 出品｜虎嗅科技组 作者｜宋思杭 编辑｜苗正卿 头图｜视觉中国 "AI 硬件 100" 呈现最具成长性的 AI 硬件公司，这是本系列的第「 03 」篇文章。 今年，或许是春晚有史以来科技含量最高的一年。 机器人、大模型、芯片、智驾、无人机等等，这些过去更多出现在发布会和产业论坛上的词汇，如今频繁 走上了春晚舞台。 尤其是机器人。自从2025年春晚，宇树科技登上舞台，创始人王兴兴意外尝到"破圈"的甜头后，其他机器 人厂商也迅速学会了这套打法。 而对于机器人公司而言，2026年的春晚格外热闹。几乎所有具备资金实力和产品完成度的第一梯队公司， 都想争取一个登台机会。 事实上，早在2025年10月，甚至更早，多家机器人公司内部就已启动春晚项目筹备。一位接近春晚制作组 的人士向虎嗅透露，若想复制去年宇树那种独家的效果，今年的独家合作费用已被市场传言推高至接近10 亿元。 对于本就研发投入高企、现金流承压的机器人公司而言，这笔费用并非轻松决定。 2026年登上春晚舞台的公司，包括宇树科技、银河通用、魔法原 ...

Core Viewpoint - The 2026 Spring Festival Gala has marked the emergence of a nationwide wave of AI model proliferation, being dubbed the "first AI Spring Festival Gala" as major internet companies compete for collaboration resources, highlighting the growing significance of AI in cultural events [1][2]. Group 1: AI Integration in Spring Festival Gala - Volcano Engine secured exclusive AI cloud naming rights for the Spring Festival Gala, indicating a shift in how major tech companies are investing in AI applications [1]. - The integration of AI technologies such as Seedance 2.0 and Seedream into the gala's creative process has led to impressive visual effects and audience engagement, with 1.9 billion AI interactions recorded on New Year's Eve [2][11]. - The gala's director team faced challenges in achieving high artistic standards while maintaining rapid iteration, which traditional methods could not meet [4][6]. Group 2: Technical Achievements of AI Models - The Seedance 2.0 model demonstrated precise control over visual elements, allowing for real-time adjustments to flower blooming speeds and lighting synchronization, which were crucial for the gala's high-definition presentation [9][11]. - The AI's ability to generate high-quality visuals at 8K/50FPS standards, along with its capacity for iterative feedback, significantly enhanced the artistic output of the gala [9][11]. - The collaboration between AI and human directors allowed for a unique creative process, where AI handled technical challenges while human artists maintained creative control [13][24]. Group 3: User Interaction and Experience - The "Doubao New Year" activity on the Doubao app transformed traditional Spring Festival interactions into a more engaging AI-driven experience, allowing users to create personalized content [15][18]. - The app's interaction model required substantial computational power, with each request consuming up to 10 Tops, showcasing the demands of real-time AI generation [18][20]. - The app's ability to handle over a billion requests during peak times demonstrated the scalability and efficiency of Volcano Engine's infrastructure [20][21]. Group 4: Infrastructure and Resource Management - Volcano Engine's resource management system effectively integrated various computing resources to handle the high demand during the gala, improving resource utilization by over 30% [22][21]. - The optimization of AI model inference processes has enabled significant reductions in computational costs while maintaining performance, crucial for the scalability of AI applications [22][23]. - The technological advancements achieved during the gala are expected to be applicable across various industries, indicating a broader impact of AI beyond entertainment [24].