Apple Inc.'s (NASDAQ:AAPL) decision to outsource its artificial intelligence (AI) foundation to Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google is not a strategic masterstroke but a sign of a company in “huge, hairy trouble,” according to the research team at Cathie Wood's ARK Invest.‘Strategic Disaster’During the latest episode of ARK’s “The Brainstorm,” Chief Futurist Brett Winton offered a scathing critique of the newly announced partnership that will see Google's Gemini models power Siri.Winton char ...

Walmart's stock ( WMT ) has surged to new all-time highs following news of its partnership with Alphabet ( GOOGL ) ( GOOG ) which is aimed at moving the company towards 'agent-led commerce' via Gemini andI am a full-time investor and owner of Icon Economics - a macro research company focussed on providing contrarian investment ideas across FX, Equities, and Fixed Income based on Austrian economic theory. Formerly Head of Financial Markets at Fitch Solutions, I have 15 years of experience investing and analy ...

凤凰网科技讯 北京时间1月15日，据《金融时报》报道，苹果公司没有参与烧钱的AI模型和基础设施竞 赛，但是却有可能在那些寻求主导这一新兴产业的科技对手之间，扮演"造王者"的角色。 本周，苹果宣布了迄今为止在AI领域最具分量的一步：与谷歌达成合作，使用Gemini模型驱动iPhone功 能，并改进其Siri语音助手。 据知情人士透露，这笔交易将以云计算服务合同的形式进行，随着时间的推移，苹果可能需要向谷歌支 付数十亿美元。 OpenAI受打击 苹果与谷歌的这一新联盟对OpenAI构成了打击。自2024年以来，OpenAI一直将其ChatGPT与苹果的AI 系统Apple Intelligence功能进行整合，希望借此合作触及数以百万计的iPhone用户。苹果表示，与谷歌 的合作不会影响其现有的ChatGPT整合。 深水资产管理公司管理合伙人吉恩·蒙斯特(Gene Munster)预计，与苹果达成的Gemini合同可能会为谷歌 带来50亿美元价值。 "我认为，ChatGPT与iPhone的整合会慢慢被边缘化……考虑到规模经济，同时采用两个大型模型对苹果 来说并不太合理。"蒙斯特表示。 尽管苹果CEO蒂姆·库克(T ...

全球人工智能军备竞赛正撞上一道坚硬的物理高墙：台积电的生产线。 作为全球最先进芯片的代工霸主，台积电正面临来自硅谷科技巨头们近乎疯狂的产能需求，而现有的制 造能力已无法跟上这一爆发式增长，导致供需缺口急剧扩大，并开始重塑全球半导体供应链的格局。 据The Information道，这一产能危机在近期的高层互动中暴露无遗。在去年11月的一次公开露面中，英 伟达首席执行官黄仁勋与台积电首席执行官魏哲家共同面对媒体时，直接确认了他此次台湾之行就是为 了寻求"更多芯片"。与此同时，代表谷歌寻求产能的博通近几个月也屡次向台积电申请增加谷歌定制 TPU芯片的产能，但据知情人士向媒体透露，台积电明确表示无法满足其全部需求。 这种"产能挤兑"正在对市场产生直接影响。魏哲家在去年10月的财报电话会议上曾透露，目前对台积电 最先进芯片的需求量已达到其产能的三倍。随着台积电即将发布最新财报，管理层预计将面临更多关于 如何缓解这一瓶颈的质询。不仅是AI芯片，数据中心建设热潮也推高了存储及连接芯片的需求，使得 产能紧张局势进一步蔓延。 为应对这一困境，部分客户已被迫寻求替代方案，甚至考虑改变长期依赖的代工模式。特斯拉已于去年 7月与三 ...

Summary of Key Points from the US Internet Research Call Industry Overview - The focus is on the U.S. Internet sector, particularly the dynamics surrounding major players like Google, Amazon, Meta, and others as they navigate through 2026 and beyond [1][4][6]. Core Themes and Insights Theme 1: AI Transition from Model Performance to Product Usage and Revenue Generation - The narrative is shifting from evaluating AI model performance to assessing product usage and financial returns, with a focus on user engagement metrics [6][23]. - Companies are expected to demonstrate how AI tools can attract users and generate revenue, moving beyond mere model comparisons [23][24]. Theme 2: AI in the Physical World - 2026 is anticipated to mark significant advancements in robotics and autonomous vehicles (AVs), with companies like Waymo and Tesla leading the charge [7][51]. - Robotics is expected to enhance efficiency in logistics and fulfillment, particularly for Amazon, which is leveraging automation to improve margins [55][56]. Theme 3: Market Dynamics - Growing Pies and Shrinking Slices - The competitive landscape is evolving, with larger players like Amazon and Google encroaching on markets traditionally held by smaller firms, leading to a potential erosion of market share for incumbents [10][11][39]. - The total addressable market (TAM) is expanding, but the share of market leaders may decrease as competition intensifies [10][11]. Theme 4: Big Tech's Expanding Influence - Major tech companies are leveraging their data and distribution advantages to enter new markets, such as grocery and AVs, with mixed results [11][12]. - The ability to outspend competitors on capital expenditures (CapEx) and product development is a significant advantage for these firms [11][12]. Investment Implications - Top picks for 2026 include Amazon (AMZN), Meta (META), DoorDash (DASH), and Zillow (ZG), with a positive outlook on Uber (UBER), Pinterest (PINS), and Cart (CART) [4][14][19]. - Amazon is expected to improve its position in AI and eCommerce, with anticipated revenue growth in AWS and retail margins benefiting from efficiency initiatives [15][19]. - Meta is viewed as having high upside potential, although it faces risks related to its AI model performance and revenue growth [15][19]. Financial Metrics and Projections - Key financial metrics for major companies include adjusted EPS and P/E ratios, with projections indicating growth for Amazon and Meta in the coming years [3][4]. - Zillow's price target has been adjusted to $95, reflecting a potential upside of approximately 40% from current levels, despite recent legal and competitive challenges [5][19]. Other Important Insights - The focus on recurring engagement metrics is critical, with companies needing to demonstrate tangible user engagement and monetization from AI integrations [8][32]. - The competitive landscape for digital advertising is expected to remain robust, with significant opportunities for growth in eCommerce and AI-driven advertising solutions [13][39]. - The anticipated growth in CapEx across hyperscalers is projected to exceed $500 billion by 2027, although capital intensity may peak in 2026 [44][49]. This comprehensive overview captures the essential themes, investment implications, and financial metrics discussed in the call, providing a clear picture of the U.S. Internet sector's trajectory heading into 2026.

Alphabet Inc.’s Google said its Gemini artificial intelligence assistant can now proactively tap into users’ data across Gmail, Search, Photos and YouTube, an attempt to make its consumer-facing AI product more personalized.Using this extensive digital paper trail, the new feature — called Personal Intelligence — is designed to “make Gemini uniquely helpful,” Josh Woodward, a vice president overseeing the Gemini app, Google Labs and AI Studio, wrote in a blog post published Wednesday.“This marks our next s ...

2025年，机器人公司发布的Demo都有点魔幻： 首先是Figure AI，在10月发布了第三代机器人，能做各种家务，Demo也很酷炫，但任务的成功率存在很多质疑，而且脸的设计，恐怖谷现象有点严重。 10月底发布demo的另一家明星公司1X，整个脸部设计就可爱了非常多，感觉是更愿意让大家搬到家里的。但是叫做Neo的这款机器人依赖远程操控，被 批评是"假智能"，而且有各种隐私问题。 同时，特斯拉的机器人虽然也发布了各种Demo的更新，包括在12月发布的非常顺滑的跑步Demo，但明显量产计划在2025年遇到了极大的挑战，让公司不 得不暂停生产，重新设计硬件。 我们的机器人系列已经聊了灵巧手，以及2025年具身智能行业年度盘点，本篇文章就来深聊一下这个产业的一个核心技术：机器人基础模型。我们试图回 答这样一个问题：为什么2025年突然变成了机器人基础模型的"元年"？ 我们也走访了硅谷的前沿机器人公司和实验室，而基础模型篇会分为"闭源"和"开源"两篇，系统拆解当下主流机器人的"大脑"是如何被训练出来、如何接 入真实世界、以及不同路线背后的技术与商业逻辑。带你看清，大模型时代的机器人，大脑究竟是怎么长成的。本篇文章我们 ...

微软在1月13日的官方博文中援引国际能源署数据，到2035年，美国数据中心用电需求将从现在的每年 200太瓦时猛增到640太瓦时，相当于德国全国一年的用电量。而美国电网"老掉牙"，大部分输电线路运 行超过40年，早就超负荷运行。新建一条高压输电线路，从规划到建成最少需要7年；新建发电站，也 得等5年左右。 超大型AI数据中心消耗的电量，抵得上一座几十万人城市的耗电量。全美已有4000多个这样的"电老 虎"，未来四年数量还可能翻三倍。它们日夜不停地训练大模型、处理你的每一条搜索和视频，电表转 得比飞轮还快，结果电网撑不住了，电费上涨。 巨头们不仅在抢电，还在"围猎"能源人才。2024年大型科技公司能源相关招聘量同比激增34%，招聘重 点从"可持续发展"形象岗转向能源采购、电力市场交易、电网接入策略等基础设施职位。亚马逊(包括 AWS)招聘达605人，微软自2022年招募超570名能源专家，谷歌也增加了约340人。 在得克萨斯州，每个月都有几十吉瓦的数据中心用电申请，但电网能批下来的只有1吉瓦出头。卡内基 梅隆大学研究警告，数据中心扎堆地区，居民电费可能被推高25%。彭博社数据显示，某些地区批发电 价五年涨了26 ...

Core Insights - Google announced an upgrade to its AI tool Gemini, integrating it with various Google applications like YouTube and Gmail, under a feature called "Personal Intelligence" aimed at providing personalized services to users [1][2] - The CEO of Google, Sundar Pichai, emphasized the feature's dual advantages: reasoning across complex information sources and precise information retrieval for specific scenarios, while ensuring user privacy by allowing users to control application access [1] - The "Personal Intelligence" feature is currently in testing for Google AI Pro and AI Ultra subscribers in the U.S., available on web, Android, and iOS platforms [1] Competitive Landscape - The integration of Gemini with more Google services creates a competitive edge over OpenAI's ChatGPT, which has also been enhancing its features and user experience [2] - Google and Apple announced a collaboration where Gemini will provide technical support for the upcoming version of Siri, aiming to create new user experiences [2]

谷歌首席执行官桑达尔 皮查伊在社交平台X发文称："Personal Intelligence功能整合了两大核心优势：一 是跨复杂信息源的推理能力，二是针对电子邮件、照片等场景的精准信息调取能力，以此为用户提供高 度定制化的答案。该功能的核心是隐私保护，用户可自主选择需要接入的应用，且所有应用的连接权限 默认处于关闭状态。" 目前，这项"Personal Intelligence"功能已面向美国地区的谷歌AI Pro及AI Ultra付费订阅用户开启测试， 支持网页端、安卓和iOS系统使用。 当地时间周三，谷歌(GOOGL.US)宣布进一步升级旗下人工智能(AI)工具Gemini，将其全面接入 YouTube、Gmail等谷歌系用户应用。 该公司在博客中表示，这项名为"Personal Intelligence"的功能，旨在使Gemini实现"个性化"，使其能够 为用户提供"专属化实用服务"。官方补充道："用户轻点操作，即可打通Gmail、相册、YouTube和搜索 功能，且我们将功能的设置流程设计得简洁又安全。" 此次Gemini实现与谷歌更多服务的互通，使其相比OpenAI旗下的ChatGPT形成差异化竞争 ...