华尔街见闻此前提及，作为交易的关键一环，OpenAI将同意使用亚马逊自研的Trainium芯片，此前， OpenAI已宣布在未来七年内斥资380亿美元租用亚马逊Web Services（AWS）的服务器，而拟议中的这 笔投资将直接为该租赁承诺提供资金支持。如果交易落地，亚马逊将加入包括英伟达在内的科技巨头行 列，成为OpenAI最新一轮的重量级投资者。 这一系列融资动态凸显了生成式AI领域日益激烈的昂贵军备竞赛。对于投资者而言，OpenAI若成功引 入亚马逊等战略盟友并实现芯片供应链多元化，不仅意味着其现金储备的大幅扩充，也预示着硅谷巨头 间关于算力、独家协议与市场份额的竞争关系正变得更加错综复杂。 本文不构成个人投资建议，不代表平台观点，市场有风险，投资需谨慎，请独立判断和决策。 本文来自微信公众号"华尔街见闻"，作者：叶慧雯，36氪经授权发布。 OpenAI正在酝酿新一轮规模空前的资本运作，旨在通过高达数百亿乃至一千亿美元的融资，进一步巩 固其在人工智能领域的统治地位，并为其高昂的模型训练成本补充弹药。 据The Information援引三位知情人士透露，OpenAI在近期与投资者的接触中，讨论了约75 ...

Core Viewpoint - The article emphasizes that electricity has become a critical constraint on the development of artificial intelligence (AI), with the demand for power surging due to the exponential growth of AI models and data centers [2][14]. Group 1: AI Power Consumption - ChatGPT consumes approximately 2.9 watt-hours per response, which is nearly ten times the energy used by a traditional Google search, leading to a daily consumption of over 500,000 kilowatt-hours [3][9]. - The energy required for training AI models has significantly increased, with GPT-3 consuming 1,287 megawatt-hours for a single training session, enough to power 3,000 Tesla vehicles for 200,000 miles [9][10]. - The projected AI computing power in the U.S. is expected to require about 1,269 terawatt-hours by 2030, accounting for 22% of the total electricity consumption [10][12]. Group 2: Electricity Supply Challenges - The U.S. electricity grid is aging, with 70% of transformers exceeding their 25-year design life, leading to a low load reserve margin of only 20% [10][11]. - The average outage duration for U.S. users reached 662.6 minutes in 2024, a year-on-year increase of 80.74%, with states like Virginia and Texas experiencing even longer outages [11]. - The demand for electricity from AI is characterized by "pulse-like" spikes, which poses significant challenges to grid stability [10][11]. Group 3: Renewable Energy Solutions - Solar power combined with energy storage is viewed as the most viable solution to meet the growing electricity demands of AI, given its economic advantages and shorter construction timelines compared to other energy sources [15][17]. - The cost of solar power generation is the lowest among various energy sources, with prices ranging from $0.038 to $0.078 per kWh, making it an attractive option for data centers [17][18]. - Major tech companies like Google, Microsoft, and Amazon have set ambitious goals for achieving 100% renewable energy for their data centers by 2030, indicating a strong commitment to sustainable energy solutions [20][21].

恒生指数开盘涨0.53%，报25634.22点，恒生科技指数涨0.81%，报5461.92点，国企指数涨0.58%，报 8893.1点，红筹指数涨0.2%，报4057.56点。 【隔夜外盘】 英皇资本(00717.HK)：公布截至2025年9月30日止年度业绩，总收入约7.3亿港元，同比增长37.3%；净 溢利约1.47亿港元，同比增长121.4%。 新特能源(01799.HK)：附属拟出售新疆风至新能源发电合伙企业79.92%财产份额配合类REITs发行，对 价约13.37亿元。 湾区发展(00737.HK)：附属广深珠公司与保利长大订立深圳段施工合同，签约合同价为人民币14.48亿 元。 大型科技股中，阿里巴巴-W涨0.62%，腾讯控股涨0.83%，京东集团-SW涨0.71%，小米集团-W涨 0.6%，网易-S涨1.42%，美团-W涨0.79%，快手-W涨1.3%，哔哩哔哩-W涨1.2%。新能源车概念股活 跃，小鹏汽车、零跑汽车走强。 美东时间周四，在利好通胀数据的推动下，三大指数集体走高，结束了近期的下跌走势。截至收盘，道 琼斯指数涨0.14%，报47,951.85点；标普500指数涨0.78%，报6, ...

上月，特朗普通过行政命令宣布启动该计划，旨在加强跨政府部门的科研统筹协调，更高效地整合AI 工具以取得更多科学突破。 Kratsios当时还指出，该计划将依托美国能源部下属国家实验室的算力资源，盘活联邦政府海量数据 （603138）集，推动更多AI驱动的实验项目开展。他预计，这项计划将有效缩短科学发现从理论到应 用的周期。 与此同时，美国政府官员也清醒认识到，AI发展所需的庞大算力依赖高能耗数据中心，因此正积极推 动新能源探索与电网升级工作。 重返白宫以来，特朗普将扶持AI产业列为施政重点，陆续宣布多项政策以简化AI设施建设审批流程、 加速技术研发。另一方面，政府着手限制州级监管规则，认为这些规定加重了企业负担。但AI批评人 士指出，联邦政府在相关监管政策制定上进展迟缓，各州层面的监管规则不可或缺，唯有如此才能及时 应对算法偏见、深度伪造内容、用户安全风险等现实问题。 据报道，24家顶尖人工智能(AI)企业已签署协议，加入美国联邦政府发起的"创世纪（300083）计划"。 这项由特朗普政府推动的举措，旨在推动新兴AI技术在科学探索与能源项目领域的应用落地。 白宫一份声明显示，OpenAI、微软(MSFT.US ...

Market Overview - The US stock market saw all three major indices close higher, with the Dow Jones Industrial Average rising by 65.88 points (0.14%), the Nasdaq increasing by 313.04 points (1.38%), and the S&P 500 gaining 53.33 points (0.79%) [4] - Micron Technology's stock surged by 10.2% following strong earnings, contributing to the overall market uplift [6][11] Economic Indicators - The US Consumer Price Index (CPI) for November showed a year-over-year increase of 2.7%, below the expected 3.1%, while the core CPI rose by 2.6%, marking the lowest growth rate since 2021 [6] - Fundstrat noted that the moderate CPI data reinforces the Federal Reserve's focus on protecting the job market, suggesting that a "Fed put" is in place to support the stock market in case of economic downturns [6] Technology Sector - Major technology stocks experienced collective gains, with Tesla rising over 3%, Amazon and Facebook increasing by over 2%, and Google and Nvidia close to 2% [7] - A total of 24 leading AI companies, including OpenAI, Microsoft, Nvidia, and Amazon Web Services, have agreed to join the US government's "Genesis Mission" initiative aimed at enhancing AI applications in scientific discovery and energy projects [9] Semiconductor Industry - Micron Technology reported strong demand for its memory chips, exceeding market expectations for the first fiscal quarter [11] - The company anticipates that the total addressable market for high-bandwidth memory chips will reach $100 billion by 2028, with a compound annual growth rate of 40% [13] - Other semiconductor stocks also saw gains, with TSMC rising nearly 3% and ASML increasing by over 2% [14] - Morgan Stanley predicts that semiconductor stocks will continue to be one of the best-performing sectors in the US market next year, highlighting Nvidia, Broadcom, and Astera Labs as top picks [14]

Core Viewpoint - Rohit Prasad, the Senior Vice President and Chief Scientist of Amazon's AGI team, has announced his departure, marking a significant leadership change in Amazon's AI initiatives [1][3][4]. Group 1: Leadership Changes - Rohit Prasad joined Amazon in 2013 and played a crucial role in developing Alexa and leading the Nova foundational model project [3][4]. - Following Prasad's exit, Amazon will centralize AI research under the cloud computing division (AWS), with Peter DeSantis appointed to lead a new organization that will report directly to CEO Andy Jassy [5][6]. Group 2: AI Development Focus - Amazon aims to enhance its AI product development to compete with OpenAI, Google, and Anthropic, having launched its own foundational model series, Nova, and developed custom AI chips, Trainium, to rival Nvidia [5]. - The new department led by Peter DeSantis will oversee the development of core models, support for self-developed chip initiatives, and exploration of quantum computing technologies [10][12]. Group 3: New Appointments - Pieter Abbeel, a leading AI researcher and co-founder of Covariant, will take over the leadership of the foundational model research team, focusing on advancing Amazon's AI research [12][17]. - Abbeel's extensive background in AI and robotics positions him well to drive innovation and collaboration within Amazon's AI initiatives [12][15]. Group 4: Employment Perspectives - AWS CEO Matt Garman expressed confidence that AI will create more jobs than it displaces, emphasizing the importance of nurturing new talent to fill high-value roles in the future [19][20]. - Garman highlighted that junior developers, who are more adept at using AI tools, will play a crucial role in the evolving tech landscape, countering the notion that AI will replace entry-level positions [20].

Group 1: Company Announcements - Multiple A-share listed companies disclosed shareholding changes on December 18, with Dazhong Mining, Sichuan Road and Bridge, and Tibet Pharmaceutical announcing share increases [1][8] - Companies including Lidasin, WuXi AppTec, Feilong Co., Ruichen Environmental Protection, Lihu Lake Co., Junshi Biosciences, Yidong Electronics, Huahai Chengke, Boshuo Technology, Allianz Ruishi, and Dazhong Mining reported share reductions [1][8] Group 2: Macroeconomic and Market Analysis - Russian Foreign Ministry spokesperson Zakharova stated that the launch of the Hainan Free Trade Port is an innovative move that will lay the foundation for Hainan's successful development and expand business opportunities for both domestic and foreign individuals [2][9] - The establishment of the Hainan Free Trade Port and other pilot free trade zones is seen as an effective measure to promote foreign trade, improve trade structure, and achieve trade diversification [2][9] Group 3: Market Performance and Related Assets - U.S. stock indices closed higher on Thursday, with the Dow Jones up 0.14%, Nasdaq up 1.38%, and S&P 500 up 0.79% [3][10] - Notable performances in tech stocks included Amazon and Meta rising over 2%, while Tesla increased by over 3% [3][10] - The Nasdaq Golden Dragon China Index rose over 1%, with significant gains in stocks such as Canadian Solar up 6.07% and Zai Lab up 4.56% [3][10] Group 4: Commodity and Price Forecasts - Goldman Sachs predicts that by 2026, the average price of Brent crude oil and West Texas Intermediate crude oil will drop to $56 and $52 per barrel, respectively, and iron ore prices will decline by 15% to $88 per ton [3][10] - The firm maintains a forecast for copper prices to reach $15,000 by 2035 and recommends a long position in copper and a short position in aluminum [3][10] Group 5: Institutional Views and Market Analysis - Goldman Sachs holds an optimistic view on gold prices, predicting a 14% increase to $4,900 per ounce by December 2026, with potential upside risks to this forecast [4][11] Group 6: Funding and Liquidity Trends - Following the recent interest rate cuts by the Federal Reserve, several banks, including Jiangsu Bank and HSBC (China), have lowered their U.S. dollar deposit product rates [5][12] - Jiangsu Bank reported a decrease of 0.05 percentage points in its latest U.S. dollar deposit rates for 3-month, 6-month, and 1-year terms, which were previously 4.45%, 4.35%, and 4.25% respectively [5][12] Group 7: Regulatory Dynamics and Company Risk Events - European Central Bank officials indicated that the interest rate reduction cycle is likely over, with deposit rates expected to remain at 2% unless significant shocks occur [6][13] - ECB President Lagarde emphasized the uncertainty in the current economic environment, stating that no guidance could be provided and all options should be retained [6][13]

Group 1 - Two studies published in Nature confirm the efficacy and safety of a new diabetes drug, Masitide, developed by China's Innovent Biologics and Eli Lilly, showing superior blood sugar control and weight loss compared to placebo and Dulaglutide [1] - The studies involved Phase III clinical trials with Chinese type 2 diabetes patients, demonstrating improvements in cardiovascular, liver, and kidney-related indicators [1] - Masitide is a dual receptor agonist for glucagon-like peptide-1 and glucagon, providing high-quality evidence for overweight, obese, and diabetic patients, highlighting China's research capabilities in this field [1] Group 2 - U.S. stock indices rose collectively, with the Dow Jones up 65.88 points (0.14%), S&P 500 up 53.33 points (0.79%), and Nasdaq up 313.04 points (1.38%), driven by gains in large tech stocks [2] - Notable stock performances included Tesla rising over 3%, and Micron Technology increasing over 10% [2] - Chinese concept stocks also saw gains, with Zhihu up over 3% and XPeng Motors up over 2% [2] Group 3 - The State Council of China issued an opinion to combat illegal tobacco activities, focusing on countering counterfeit and smuggled tobacco products, and enhancing law enforcement collaboration with other countries [3] - The opinion aims to purify the tobacco market environment and protect national interests and consumer rights [3] Group 4 - BHP CEO Mike Henry emphasized the critical role of copper in the economy and its demand surge, predicting a bull market for copper due to supply constraints [4] - The annual market size for copper is estimated between $300 billion and $400 billion, with a projected 70% increase in demand by 2050, while new mining discoveries are becoming rarer and more challenging to develop [4] Group 5 - Meituan released and open-sourced a state-of-the-art virtual human video generation model, LongCat-Video-Avatar, which supports multiple tasks and has undergone significant upgrades in realism and stability [5] Group 6 - Zhihui Mining's shares rose 126.16% in dark trading, with a planned global offering of 122 million H-shares at HKD 4.51 each, focusing on zinc, lead, and copper mining in Tibet [6] Group 7 - Evergrande Auto announced a change in the registered shareholder of its subsidiary to Guangzhou Juliyi, with stock trading suspended pending further notice [7] Group 8 - Wasion Holdings' subsidiary won a contract worth over RMB 80 million for a project with CPFL, a leading power company in Brazil, and expects significant growth in AI data center revenues [8] - The company anticipates a doubling of AI data center revenue from RMB 1 billion in 2025 to RMB 2 billion in 2026, with new orders expected to grow significantly [8] Group 9 - Citigroup raised its profit forecasts for Wasion Holdings by 1% to 5% for 2025-2027, increasing the target price from HKD 15.5 to HKD 21, maintaining a "buy" rating [9]

2.【谷歌推出最新人工智能模型双子座3 Flash】谷歌公司17日宣布推出最新人工智能模型双子座3 Flash。谷歌称，双子座3 Flash是其最新推出的兼具前沿智能与高速性能的模型，保留了双子座3在 高级推理、视觉理解和交互式代码生成等方面的核心能力，同时显著提升了响应速度和成本效率，在 多个标准评测中表现优异。据谷歌介绍，该模型性能超越了双子座2.5 Pro，速度提升约3倍，且运行 成本远低于前代。在用于评估代理编码能力的专业基准测试中，其得分甚至超过了双子座3 Pro。 （新华社） 3.【亚马逊重组AI团队，整合芯片与模型研发，由AWS老将掌舵】亚马逊宣布重组其人工智能（AI） 相关项目团队，并任命来自公司云计算部门的一位高管，负责一个全新的业务单元。亚马逊首席执行 官安迪·贾西周三在一封发给员工的内部信中表示，彼得·德桑蒂斯将领导这一新团队。新组织将亚马 逊的通用人工智能（AGI）团队——负责公司Nova品牌AI模型以及Alexa语音助手"数字大脑"的部门 ——与亚马逊的芯片研发部门和量子计算研究团队整合在一起。（财联社） 4.【豆包大模型联合润欣科技、老凤祥开发AI眼镜】记者了解到，豆包大模型正与润 ...

Group 1 - TikTok CEO Zhou Shuzi announced the establishment of a new joint venture, TikTok USDS Joint Venture LLC, to handle data protection and algorithm security in the U.S. while ByteDance retains control over e-commerce and advertising [1] - The new joint venture is expected to be finalized by January 22, 2026, and will focus on content review and software security [1] Group 2 - Hainan Free Trade Port officially launched its full island closure operation, leading to significant discounts on iPhone products, with prices reduced by over 2,000 yuan for certain models [3] - The iPhone 17 Pro Max 256GB version is priced at 9,299 yuan, which is 700 yuan cheaper than e-commerce platforms [3] Group 3 - OpenAI is in preliminary talks for a new funding round, aiming for a valuation of approximately $750 billion, with potential funding reaching hundreds of billions [3] - This valuation represents a 50% increase from the previous funding round in October 2022 [3] Group 4 - Elliott Investment Management has accumulated over $1 billion in shares of Lululemon and is advocating for a former Ralph Lauren executive to become the new CEO [12] - Lululemon's current market capitalization is around $25 billion [12] Group 5 - Apple announced adjustments to its iOS rules in Japan, allowing developers to use third-party app stores and payment methods, in compliance with new regulations [12] - This change enables developers to add alternative payment options within their apps [12] Group 6 - Honda confirmed a temporary suspension of production at its joint venture factory in China due to supply chain issues, specifically related to semiconductor shortages [16] - The suspension will last for three days starting December 29, 2023 [16] Group 7 - Xiaomi's founder announced the official release of the Xiaomi 17 Ultra next week, following leaked images of the device [7] - The new model is expected to generate significant consumer interest [7] Group 8 - Amazon is restructuring its AI team, integrating chip and model development under a new business unit led by a veteran from its cloud computing division [18] - This move aims to enhance Amazon's capabilities in artificial intelligence and maintain competitiveness in the market [18]