" 盈利并非终点，随着 AI 云时代的到来，腾讯云接下来还会有一 场硬仗要打。 " 作者丨 胡敏 编辑丨 包永刚 2025 年 1 月，腾讯年会上，马化腾对 CSIG 的新年寄语是，希望 CSIG 能够"浮出水面"。所谓的浮出水 面，则是希望 CSIG 能够 2025 年走出亏损，实现盈利。 从业务线来看，据知情人士透露，2025 年腾讯云的各个业务线，包括泛互、金融、教育、政企等行业 线，以及区域线、产业生态部几乎大部分业务线都 100% 完成了年初定下的业绩目标。此外，去年腾讯 云出海团队因为攻坚拿下了快手、作业帮等中企出海客户，以及正大、GoTo 等海外客户，所以业绩增速 也超出了预期。 业内皆知，腾讯云为实现盈亏平衡目标，已经奋斗了好几年。 如今，年关将至，雷峰网从多方求证获悉，腾讯云 2025 年的确完成了集团下达的任务，实现了盈亏平 衡，且有不少利润。想了解更详细情况，欢迎添加作者微信 mindy1857 交流。 从产品层面来看，拉动腾讯云 2025 年营收增长的，有GPU、存储、音视频等产品。据知情人士透露，受 益于AI需求的激增，再加上存储去年大涨价，腾讯云GPU、存储营收增速都很快。 在大模 ...

Group 1 - Major manufacturers in East China have halted B200 leasing orders and shifted focus to B300 models, leading to a significant equipment iteration trend in the computing power leasing market [1] - The halt of B200 orders has not significantly impacted the flow of B200 units in the market, as existing inventory remains tight, with only a few units available in certain regions [1] Group 2 - The announcement allowing NVIDIA to export H200 chips to approved Chinese customers has led to a market stalemate, with many companies choosing to pause orders due to uncertainty in policy direction and government regulations [2] - The price of H200 modules has reportedly dropped from over 1.5 million yuan to 1.25 million yuan, although skepticism remains regarding the sustainability of this price drop due to rising memory costs and export fees [3][4] Group 3 - Domestic AI chip companies have turned to public listings after failed acquisition attempts by major industry players, with many now listed on the Sci-Tech Innovation Board or the Hong Kong Stock Exchange [6] - A state-owned computing power platform is assembling a high-profile executive team to reclaim technological sovereignty, leveraging its resources to access data from high-barrier sectors like finance and healthcare [7][8] Group 4 - A major internet company in North China has placed an order for over 30,000 NVIDIA L20 and L40 chips, indicating that older models still hold value in specific business scenarios despite claims of obsolescence [9] - The price of NVIDIA RTX 5090 graphics cards has surged significantly, with reports of price increases driven by rising demand and component costs, potentially as a strategy to shift demand towards the newly approved H200 chips [10] Group 5 - Zhonghao Xinying is reportedly implementing "minimum usage rate commitment" clauses in sales contracts to stabilize order expectations, raising concerns about the true market performance of its products [11] - The gross margin of Runze Technology reached 48.11% in the first three quarters of 2025, significantly higher than the industry average of 19%-25%, driven by early investments in computing power equipment [13] Group 6 - The domestic computing power project landscape is heating up, with major server manufacturers actively engaging in multiple projects, although challenges remain in service provision for smaller-scale clusters [14] - The separation of roles between funding and operational parties in new computing projects has led to a trend of "100% buyout" contracts becoming standard, with a common expectation of recouping investments within five years [15]

雷峰网独家获悉，通信测试厂商赛迈测控近期完成超亿元A轮融资。本轮融资由毅达资本、十月资本、元 禾厚望、元禾控股、南通科创集团和苏创投联合投资。公司此前的投资方包括美的资本、宏泰科技、金雨 茂物，万创投行担任长期财务顾问。 " 赛迈测控年均增速30-50%，广泛服务于卫星、无人机、5G芯 片等领域。 " 作者丨 姚单 编辑丨 余快 赛迈测控成立于2021年，创始团队拥有10年以上产业工作经验，核心技术成员来自NI、R&S、 Keysight、华为等半导体射频行业知名公司以及国内高级研究所。这家公司在成立第二年已实现盈利，年 均增速30-50%，广泛服务于卫星、无人机、5G芯片等领域。 据了解，2023年国内通用电子测量仪器市场规模约为410亿元，其中模块化测试测量设备规模约为80亿 元，预计到2028年中国电子测量仪器市场容量为600亿，模块化测试测量仪器市场容量超120亿元。 排名前5的海外厂商占据中国电子测量仪器市场50%的份额，分别是Keysight、R&S、安立、泰克和NI， 而中资背景产品国产化率不足30%。赛迈测控目前是国内首家面向全行业覆盖从直流到射频测试的国产模 块化仪表厂商，具有极高的国产替代 ...

" 「选择悖论」正在AI模型与算力世界里上演。 " 作者丨 赵之齐 编辑丨 包永刚 北京一月的初雪落下前，我们在清华见到了翟季冬教授。他手持保温杯，说话很利落，即便一边思考一边 叙述，言辞间也几乎没有停顿、没有模糊地带。 这位曾带队拿下15次世界超算冠军的清华计算机系长聘教授，此刻正在拆解一个行业怪象： 为什么在大 模型参数狂飙、算力价格下探的当下，用户的AI落地负担却越来越重？ 他指出，如今Benchmark （基准测试） 上的高分，在比对用户真实需求时不一定管用，有时，同个模型 在不同MaaS平台上跑出来的效果可能差异巨大，因为部分服务商为了降低成本，会对模型进行"阉割 级"量化。而面对眼花缭乱的MaaS供应商，用户要在性能、价格与稳定性之间做取舍，往往光调研一轮市 场报价，就已耗尽精力。 "把选型的主动权完全交给用户，其实是很大的挑战" ， 翟季冬直言。这种"选择悖论"不仅折磨着开发 者，更在吞噬企业的利润——对于企业来说， 降本增效的核心可能并非追求最顶尖的模型，而是如何调度 能力恰当的模型，让昂贵的大模型处理复杂指令，让轻量的小模型应付日常任务 。 洞察到这一痛点后，由翟季冬的几位毕业学生发起的AI ...

以下文章来自雷峰网子账号【鲸犀】， 想了解更多独家或干货可点击关注： 通过多产品矩阵协同与统一平台化能力，原子重塑希望打通从模型生态、材料选配到打印的完整链路，全 面打开桌面级制造市场边界，从单一设备品牌升级为覆盖多场景的"打印万物"解决方案提供者。 在应用层面，相关产品将逐步渗透教育与创客空间、文创及个性化定制、小规模商业化生产等场景，为消 费级与轻商用市场释放更大的想象空间。 随着新一轮融资完成交割，CES 全球首秀落地，海外众筹进入倒计时，同时线下渠道与商业客户合作同步 推进，原子重塑的发展节奏正明显提速。更多创客工具项目融资信息，请添加微信 ydinitialheart 了解。 在市场落地层面，原子重塑正以欧美与国内市场并行推进的策略，加速商业化进程。 // 近期热门文章 在刚刚落幕的 2026 CES 国际消费电子展上，原子重塑 AtomForm 首次亮相，并占据了拉斯维加斯会展 中心北馆核心位置。与此同时，原子重塑同步启动海外市场预热，已将 Palette 300 上线 Kickstarter， 为即将开启的众筹做准备。 " 原子重塑已布局 FDM 3D 打印机、UV 打印机、激光雕刻设备 等多个 ...

Group 1 - Liu Wenning, former President of Greater China Business at Ecovacs, has transitioned to entrepreneurship focusing on the wearable device sector [2][4] - Liu Wenning joined ByteDance in the first half of 2025 as the market head of the Ocean team but left after less than a year to start his own venture [2][4] - The wearable device market is gaining traction, with various types such as rings, necklaces, headphones, glasses, and watches being utilized for health monitoring, recording, entertainment, and office applications [5] Group 2 - The AI hardware sector has become a hot investment area, with wearable devices particularly attracting capital market interest [5] - Many entrepreneurs from the ByteDance ecosystem are entering the AI application field, showing a level of enthusiasm comparable to that of DJI-related entrepreneurs [5]

Group 1 - Volkswagen plans to cut 35,000 jobs, including one-third of its executives, aiming to save €1 billion by 2030 through management restructuring and production platform integration [4][5] - The restructuring is a response to industrial slowdown, intense competition from China, and high tariffs, marking a significant shift towards a more agile and efficient operational model [5] - The core brand group will reduce its board members from 29 to 19 by summer 2026, with each brand having four board members responsible for key areas [4] Group 2 - A 32-year-old programmer died after being overworked, highlighting the extreme demands of the tech industry, where he was expected to be on standby 24/7 with a low base salary of around 3,000 yuan [7][8] - The incident has raised concerns about work-life balance and the pressures faced by employees in the tech sector, with reports of excessive workloads and a culture that blurs the lines between work and personal life [7][8] Group 3 - Alibaba's chip company, Pingtouge, is reportedly planning to go public, having developed a range of AI and storage chips since its establishment in 2018 [11] - The company has launched several products, including AI inference chips and SSD controllers, and is positioned to cover the entire data center chip stack [11] Group 4 - Domestic GPU company, Shanghai Suiruan Technology, has received approval for its IPO on the STAR Market, aiming to raise 6 billion yuan for AI chip development and industrialization [18] - The company has developed multiple generations of AI chips and is recognized as a leading player in China's cloud AI chip market [18] Group 5 - JD.com launched a gold phone case priced from 11,299 yuan, which sold out quickly, indicating strong consumer interest in luxury and investment products [14] - The product is marketed as a high-value item, combining aesthetics with investment potential, reflecting trends in consumer behavior towards luxury goods [14] Group 6 - Kimi, a company led by Zhang Yutong, plans to release a new model soon, having developed leading open-source models with minimal resources [16][17] - The company emphasizes efficiency and innovation in AI model training, having achieved significant advancements in processing speed and algorithm performance [17] Group 7 - Nvidia has overtaken Apple as TSMC's largest customer, accounting for approximately 13% of TSMC's total revenue, signaling a shift in the tech industry towards AI-driven demand [33] - TSMC is reportedly adjusting its supply priorities, increasing chip prices for Apple, which may impact Apple's future production capabilities [33] Group 8 - Apple is set to launch a new Siri chatbot in iOS 27, which will compete with other AI chat applications, integrating advanced features and potentially charging users for its services [35][36] - The new Siri will utilize a customized model based on Google's Gemini, enhancing its capabilities in natural language processing and task execution [36] Group 9 - Meta's Threads platform has surpassed 400 million monthly active users and will begin rolling out ads globally, leveraging AI for personalized advertising [42] - The introduction of ads aims to enhance user engagement and provide businesses with effective advertising solutions on the platform [42]

Core Viewpoint - The article discusses the anticipated success of the game "Arknights: End of the World," predicting it could achieve over 15 billion in revenue by 2026, although some insiders consider this estimate overly optimistic [5]. Group 1: Game Launch and Initial Reception - "Arknights: End of the World" successfully launched on January 22, 2026, after a long wait of over four years since the project was first demonstrated in 2022 [2][3]. - Early player engagement was strong, with many players sharing "graduation screenshots," indicating significant spending on core characters [3]. Group 2: Revenue Potential and Market Position - An experienced investor in the gaming sector believes that the game's quality could lead to a revenue exceeding 15 billion, while some insiders express skepticism about this optimistic forecast [5]. - The game is expected to capture a large market share in the second-tier gaming market in 2026, especially as other major developers lack strong new releases [5]. Group 3: Game Mechanics and Monetization - The game follows a traditional gacha model but is considered more player-friendly compared to competitors, as it does not mix character and equipment pools, allowing for higher control over spending [6]. - The main gameplay draws inspiration from Japanese RPGs, while the secondary gameplay involves factory-building mechanics, which may appeal to a niche audience [7]. Group 4: Operational Challenges - Initial operational issues were noted, including slow download speeds and payment processing problems, which affected player experience on launch day [8][10]. - A specific incident involved a Twitch streamer experiencing unauthorized charges due to payment system errors, highlighting the need for operational adjustments [12][14]. Group 5: Future Expectations - Despite the initial operational flaws, industry expectations for "Arknights: End of the World" remain high, with ample time for the project team to make necessary adjustments [16].

Group 1 - Major e-commerce platforms are using misleading data to confuse competitors, with top executives approving this strategy. Data access has been restricted to a few senior managers to prevent insider leaks [1] - A content giant has increased headhunter commissions to 18% to attract talent, offering competitive salaries starting from millions, particularly targeting young professionals [1] - Some food delivery platforms are criticized for making it difficult for merchants to opt-out of promotional activities, leading to increased financial burdens on small businesses [2] Group 2 - A cross-border e-commerce platform is focusing on the South Korean market, believing it to be more favorable than competitors, and plans to invest more seriously after previous attempts [2][3] - Internal issues are emerging within a major e-commerce company, with disputes over executive promotions and resource allocation becoming apparent as the organization grows [5] - An overseas e-commerce platform is rumored to be planning an IPO in 2027, with significant changes in leadership due to performance issues in the Indonesian market [6] Group 3 - A major e-commerce company is prioritizing compliance in the German market due to regulatory challenges, with a strong directive from upper management to improve performance [7] - The company is undergoing significant organizational changes, with many senior executives leaving as their stock options expire, leading to a shift in market responsibilities [8] - The company has decided to stop funding overseas managed businesses, emphasizing the need for profitability in these operations [8]

Core Viewpoint - The article discusses the entrepreneurial journey of Zhou Qi, who has founded a new company, Shenzhen Future Light Core Technology Co., Ltd., focusing on outdoor projector equipment, leveraging his previous experience in the smart projection category at JD.com [2][3]. Group 1: Entrepreneurial Background - Zhou Qi has previously worked at Aoki, JD.com, and Reckitt Benckiser, and has entrepreneurial experience [1]. - This is Zhou Qi's second entrepreneurial venture; he co-founded a men's grooming brand "Liran" in May 2019, which achieved nearly 200 million yuan in GMV in its first year [3]. Group 2: Market Opportunity - The demand for outdoor projector equipment has been increasing, suitable for outdoor camping, movie screenings, and activities, providing portable projection solutions [4]. - Portable projectors are becoming more popular as users prefer lightweight and compact devices for outdoor use, indicating a sustained rise in demand for outdoor projectors [4].