◎记者 窦世平 12月20日至21日，摩尔线程举行首届MUSA开发者大会（MDC 2025），首次公开全功能GPU技术路线 图。其中，包括新一代GPU架构"花港"、夸娥万卡智算集群、AI算力本MTT AI BOOK等一系列最新技 术与产品进展。 在人工智能、数字孪生、具身智能等产业浪潮的推动下，GPU作为核心算力引擎的需求持续提升。据弗 若斯特沙利文预测，2029年中国GPU市场规模预计将达1.36万亿元。此次大会是摩尔线程上市后的首次 公开活动，受到市场高度关注。 "公司目前已成功构建起一套以自主统一架构为根基、贯穿'芯—边—端—云'的完整技术栈，实现了从 底层硬件到上层应用的系统化闭环。"摩尔线程董事长兼CEO张建中在大会上表示。 公布全功能GPU技术路线图 MUSA是摩尔线程自主研发的元计算统一计算架构，覆盖从芯片架构、指令集、编程模型到软件运行库 及驱动程序框架等的全栈技术体系。本次上新，摩尔线程带来了MUSA 5.0升级版，新版本在全栈统一 性、极致效能与生态开放性上取得关键突破，标志着架构步入成熟新阶段。 最受市场关注的是，摩尔线程发布了新一代GPU架构——"花港"。据介绍，花港基于新一代指令集， ...

Quantum Technology - The Australian team has developed an 11-qubit silicon-based processor, achieving high-fidelity entanglement across dual-core spin registers, marking a significant academic breakthrough in silicon quantum computing [9][10][12] - The Canadian government has launched the Quantum Leaders Program (CQCP) with an investment of up to CAD 92 million to support local companies in developing industrial-grade fault-tolerant quantum computers [10][11] - The global quantum industry is entering a phase of "technology route differentiation and ecological collaboration," with major players like IBM and Google making significant advancements in superconducting and quantum error correction technologies [13] Biomanufacturing - The AI-driven pharmaceutical company Insilico Medicine is set to go public on the Hong Kong Stock Exchange, aiming to raise HKD 2.277 billion, leveraging its Pharma.AI platform for end-to-end drug development [14][16] - The Ministry of Industry and Information Technology has released key lists at the 2025 Biomanufacturing Conference, highlighting 28 high-performance bioreactor innovation units and 43 pilot capacity construction platforms [23] Hydrogen Energy and Nuclear Fusion - The Chinese government emphasizes expanding green electricity applications and fostering hydrogen energy as part of its dual carbon goals, with a focus on developing new growth points [25][26] - China Energy Construction has launched the world's largest green hydrogen and ammonia integration project in Jilin, with a total investment of CNY 29.6 billion [34][36] - Trump Media Technology Group has announced a merger with TAE Technologies, aiming to build the world's first commercial nuclear fusion power plant with a capacity of 50 MW by 2026 [33] Brain-Computer Interfaces - The Chinese Academy of Sciences has completed a second invasive brain-computer interface clinical trial, allowing a high-level paraplegic patient to control smart devices using brain signals [40][41] - BrainCo Technology has successfully completed the first clinical trial of its fully implanted brain-computer interface product, which features an internal battery and wireless capabilities [42][43] - The National Medical Products Administration has held a meeting to promote the development of brain-computer interface medical devices, emphasizing safety and effectiveness [47] Embodied Intelligence - The Ministry of Industry and Information Technology has issued the first L3 autonomous driving production permits, allowing specific electric vehicle models to conduct trials in designated areas [49] - Daxiao Robotics has launched the open-source "Kairos 3.0" model, which utilizes human-centric data collection techniques to enhance the development of embodied intelligence [50][52] - Moer Thread has introduced a simulation training platform for embodied intelligence, integrating various technologies to improve development efficiency [53] Sixth Generation Mobile Communication (6G) - The 4th 6G Frontier Technology and Trends Forum was held in Beijing, where multiple organizations signed agreements to collaborate on technology sharing and joint research to accelerate the development of the 6G industry [55]

Core Insights - The first MUSA Developer Conference (MDC2025) was held by Moore Threads in Beijing, emphasizing the advanced and leading technology of the MUSA architecture as the foundation for full-function GPUs [1] - The company aims to enhance its research and development investments to tackle core technological challenges from hardware to software, focusing on building a self-reliant domestic computing industry ecosystem [1] Group 1 - The MUSA architecture supports full precision computing from FP4 to FP64, with a 50% increase in density and a 10-fold improvement in efficiency, capable of supporting computing clusters exceeding 100,000 cards [1] - Moore Threads plans to launch two high-performance chips based on the MUSA architecture: the "Hua Shan" chip for AI training and inference, and the "Lu Shan" chip for high-performance graphics rendering, both set to be mass-produced next year [1] Group 2 - The company showcased the "Kua E Wan Ka" intelligent computing cluster, demonstrating its capability to support trillion-parameter model training with reliability and achieving international mainstream levels in several key precision metrics [2] - Moore Threads shared its planning for the MTT C256 super-node architecture aimed at the next generation of ultra-large-scale intelligent computing centers [2] - The company also released the MTTAIBOOK, an AI computing device equipped with the intelligent SoC chip "Chang Jiang" [2]

Group 1 - The core focus of the collaboration between Moore Threads and 51WORLD is to build a next-generation physical AI simulation system based on the KUAE intelligent computing cluster, leveraging domestic GPU computing power and advanced simulation and world model technologies [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 aims to address by automating the simulation process using AI [3] - The physical AI simulation system developed by 51Sim and Moore Threads has already been applied at scale in the intelligent driving sector, supporting the closed-loop validation of end-to-end intelligent driving algorithms [3] Group 2 - Moore Threads is a strategic shareholder of 51WORLD, which is aiming to become the first "Physical AI" stock listed on the Hong Kong Stock Exchange by December 30, 2025, indicating a strong capital support for technology development and market expansion [4] - The collaboration between Moore Threads and 51WORLD is expected to create a synergistic effect that will enhance the development of the domestic GPU and Physical AI industry chain [4]

Group 1: Recent IPOs Performance - Four companies, including Angrui Micro, YuXun Co., YuanChuang Co., and MuXi Co., recently went public, with notable performances on their first trading days [1] - Angrui Micro's stock surged by 160.11%, YuanChuang Co. increased by 171.64%, YuXun Co. rose by 346.57%, and MuXi Co. skyrocketed by 692.95% on their debut [1] - MuXi Co.'s initial offering price was 104.66 CNY per share, making it the second highest after MoEr Thread's 114.28 CNY per share [1] Group 2: Market Trends and Statistics - A total of 106 new stocks were listed this year, raising a total of 122 billion CNY, with the highest fundraising being 18.171 billion CNY by HuaDian New Energy [2] - The average fundraising amount for new IPOs this year was 1.151 billion CNY, significantly higher than last year's average of 674 million CNY [2] - The upcoming IPO of XiHua Technology is set for December 23, with an issue price of 10.10 CNY per share and a projected diluted P/E ratio of 33.12, which is below the industry average [2] Group 3: XiHua Technology Financials - XiHua Technology's projected revenues for the years 2022 to the first half of 2025 are 942 million CNY, 908 million CNY, 955 million CNY, and 580 million CNY respectively [3] - The company's net profits for the same periods are expected to be 184 million CNY, 177 million CNY, 142 million CNY, and 94.95 million CNY, indicating a decline in net profit for 2024 [3]

Group 1 - The State Council emphasized the need for all departments to align their actions with the central government's economic decisions and policies for the upcoming year, enhancing responsibility and urgency in task execution [1] - The Ministry of Finance and the Ministry of Industry and Information Technology issued guidelines for the implementation of domestic product standards in government procurement, focusing on accurate definitions and regulatory oversight [2] - The National Development and Reform Commission, along with other agencies, released rules governing pricing behavior on internet platforms, prohibiting coercive pricing practices starting April 10, 2026 [3] Group 2 - The Ministry of Commerce held a meeting to discuss strategies for boosting consumption and trade in 2026, including promoting service exports and digital trade, and enhancing foreign investment mechanisms [4] - The National Internet Information Office and the China Securities Regulatory Commission took action against accounts spreading false information related to the capital market, targeting those involved in illegal stock recommendations [5] - The State Administration for Market Regulation revised the regulations on anti-competitive agreements, setting specific thresholds for exemptions related to vertical agreements, effective February 1, 2026 [6] Group 3 - Chang'an Automobile announced the issuance of the first L3-level autonomous driving license in Chongqing, marking a significant milestone in the development of autonomous driving technology [7] - Moore Threads launched its next-generation GPU architecture "HuaGang," which reportedly improves computing density by 50% and efficiency by ten times, supporting large-scale intelligent computing clusters [8] - Samsung Electronics unveiled its Exynos 2600 mobile processor, the world's first smartphone chip manufactured using 2nm technology, showcasing advancements in semiconductor technology [9] Group 4 - China Shenhua announced plans to acquire various assets from the State Energy Group for a total transaction price of 133.598 billion yuan, including multiple energy and coal companies [10] - ByteDance's projected annual profit for 2025 is around $50 billion, although a spokesperson indicated that previous reports on quarterly profits were inaccurate [11] - The World Trade Organization's report suggests that artificial intelligence could boost global trade by 34% to 37% by 2040, significantly impacting GDP growth [12]

Core Insights - The core focus of the article is the rapid expansion of the domestic GPU leader, Moore Threads, highlighted by the launch of their new GPU architecture "Huagang" at the first MUSA Developer Conference [1][2]. Group 1: Technological Advancements - The "Huagang" architecture represents a significant technological evolution, with a 50% increase in computing density and a 10-fold improvement in energy efficiency compared to the previous generation, set for mass production next year [2]. - The architecture supports full precision from FP4 to FP64 and integrates the first-generation AI generative rendering architecture (AGR) and second-generation ray tracing hardware acceleration engine [2]. - Two core chips based on the "Huagang" architecture were announced: "Huashan," designed for AI training and inference, and "Lushan," focused on high-performance graphics rendering, with AI computing performance improved by 64 times and geometric processing performance enhanced by 16 times [3]. Group 2: Infrastructure and Performance - The "Kua'e" supercomputing cluster was introduced, achieving a floating-point computing capability of 10 Exa-Flops, with a training efficiency of 60% for Dense models and 40% for MOE models [5]. - The MTT S5000 single card achieved a Prefill throughput of over 4000 tokens/s and a Decode throughput of over 1000 tokens/s, indicating substantial breakthroughs in handling large-scale parameter models [6]. Group 3: Software Ecosystem - The MUSA architecture underwent a full-stack software upgrade, with the core computing library muDNN achieving over 98% efficiency in GEMM/FlashAttention and 97% in communication efficiency [7]. - The company plans to open-source key components of its computing acceleration library, communication library, and system management framework to the developer community [7]. Group 4: Market Position and Strategy - Moore Threads officially entered the personal intelligent computing terminal hardware market with the launch of the MTT AIBOOK, priced at 9999 yuan, featuring the self-developed SoC chip "Changjiang" [9]. - The company aims to create a closed-loop for code debugging and application development by bringing its MUSA ecosystem from cloud to desktop [9]. - The stock price of Moore Threads has shown volatility, closing at 664.10 yuan per share on December 19, with a cumulative decline of 29.4% from its peak on December 11, yet maintaining a market capitalization of 312.146 billion yuan [10].

Core Insights - The company unveiled its next-generation GPU architecture "Huagang" at the first MUSA Developer Conference (MDC2025) in Beijing, showcasing advancements in AI training clusters and various technologies [1][2] - The new architecture supports full precision computing from FP4 to FP64, with a 50% increase in computing density and a 10x improvement in energy efficiency [1] - The company plans to launch the "Huashan" chip focused on AI training and inference, and the "Lushan" chip aimed at graphics rendering [1] Architecture and Performance - The "Huagang" architecture enhances training cluster capabilities with the "Kua'e" 10,000-card intelligent computing cluster, achieving 60% training utilization on dense models and 40% on mixture of experts models, with a linear scaling efficiency of 95% [1] - In inference, the company collaborated with Silicon-based Flow to achieve a single card Prefill throughput exceeding 4000 tokens/s and Decode throughput over 1000 tokens/s on the DeepSeek R1671B model [1] Software Ecosystem - The MUSA 5.0 version optimizes programming models, computing libraries, and compilers, with core computing library muDNN's GEMM and FlashAttention efficiency exceeding 98% and communication efficiency reaching 97% [1] - The company plans to gradually open-source some core components, including computing acceleration libraries and system management frameworks [1] Graphics and AI Integration - The new architecture integrates hardware ray tracing acceleration engines and supports self-developed AI generative rendering technology [2] - The company introduced the MTLambda simulation training platform and the MTT AIBOOK based on the "Yangtze" SoC, focusing on cutting-edge fields like embodied intelligence and AI for Science [2] Future Infrastructure - The company announced the MTTC256 super-node architecture design for next-generation large-scale intelligent computing centers, emphasizing high-density hardware and energy efficiency optimization [2] - The comprehensive technology layout from chip architecture to cluster infrastructure and edge devices aims to support the development of the domestic AI computing ecosystem [2] - Industry experts believe the company is positioning itself to compete directly with Nvidia by releasing its architecture early to boost confidence in its software ecosystem [2]

Core Insights - The term "ecosystem" has been frequently mentioned during the first MUSA Developer Conference held by Moore Threads, highlighting its importance in the GPU industry [1][3] Group 1: Company Initiatives - Moore Threads emphasizes that ecosystem construction is a core barrier and value in the GPU industry, aiming to build a comprehensive empowerment system from hardware tools to talent cultivation [3] - The company plans to increase R&D investment to tackle core technological challenges from hardware to software, leveraging the advantages of the MUSA architecture [3] - Moore Threads has established a developer growth system that has gathered nearly 200,000 developers and learners, integrating cutting-edge technology and industry practices into over 200 universities across China, attracting more than 100,000 students [3][6] Group 2: Ecosystem Development - The first MUSA Ecosystem Center will be established in Haidian, aiming to foster more ecological applications and industrial projects [5] - The MUSA Ecosystem Center will serve as a main venue for collaboration among developers, partners, and academic institutions, focusing on four key missions: providing core technical support, showcasing results and innovations, building a talent training base, and creating an innovation incubation and service platform [6] Group 3: Regional Support and Strategy - Haidian District is committed to nurturing leading hard-tech enterprises and building a competitive industrial ecosystem, with over 240 integrated circuit companies currently established in the area [7] - The district has implemented a comprehensive policy system to support innovation, including a maximum annual R&D subsidy of 15 million yuan for qualifying companies [7] - Future plans for Haidian include focusing on becoming a source of independent innovation and a hub for emerging industries, particularly in the AI chip sector [9]

每经编辑｜程鹏 陈鹏程 胡玲 向江林 标题点睛： 现年73岁的俄罗斯总统普京12月19日在莫斯科举行"年度盘点"活动，现场回答约80个问题。在现场，普京罕见回应私人生活，大方承认正在恋爱中，还说 自己相信一见钟情。 今年6月，北京东城区人社局副局长付楠楠戴上头盔、跨上电动车，跟着老骑手穿梭在街巷里。后厨里厨师们挥汗如雨的忙碌场景、取餐时"马上就好"的 模糊答复、超时后平台扣款的提示，让她亲身体会到骑手"靠单吃饭"的焦虑。"我们原本以为骑手最关心社保政策，没想到他们张口就是'别罚我款''出餐 能不能快一点'。这个巨大落差给我和调研组的同志们留下了深刻的印象。" 近日，山西省人民政府发布《山西省人民政府关于宣布废止124件行政规范性文件的决定》。值得注意的是，宣布废止的行政规范性文件目录包含《山西 省人民政府关于禁止生产、经营、储存、运输和燃放烟花爆竹的通告（2020年8月17日）》。 当地时间12月20日，美国司法部再度公开两批与杰弗里·爱泼斯坦相关的法院文件，此次公布的文件中，至少有550页内容被完全涂黑，无法读取。 1 国台办正告民进党当局正视历史和客观事实 12月20日，国台办发言人陈斌华答记者问。 问： ...