智通财经APP获悉，据美国银行预测，由各类数字基础设施(包括数据中心)支持的证券市场到明年年底 可能会增长约 46%，规模达到约 1150 亿美元。据美国银行的报告，数据中心目前在数字基础设施证券 化市场的 790 亿美元规模中占据了 61%的份额。光纤基础设施占 20%，而基站则占 18%。这些数据涵 盖了资产支持证券和商业抵押贷款支持证券。 各公司一直在建设大型数据中心，以满足对人工智能的需求，而银行以及私人贷款机构也纷纷竞相为这 类交易提供担保。Meta (META.US)选择了太平洋投资管理公司和蓝鹰资本公司来牵头一项价值 290 亿 美元的交易，用于其在路易斯安那州农村地区的数据中心扩建项目。与此同时，摩根大通公司和三菱日 联金融集团则在牵头一笔超过 220 亿美元的贷款，以支持Vantage 特数据中心建设大型数据中心园区的 计划，彭博社上周对此进行了报道。 包括Chris Flanagan 在内的美银策略师在 8 月 22 日的报告中写道，在一些大型超大型企业公布强劲业绩 之后，投资者对于数据中心发展、云技术应用以及人工智能领域投资路径的担忧近期已有所缓解。尤其 是微软(MAFT.US)、谷歌( ...

Core Insights - The article discusses the emergence of a new market segment called "To P" (To Professional), driven by employees' anxiety about being replaced by AI, leading them to self-fund AI tools for personal productivity [1][7][12]. Group 1: AI Adoption Trends - A significant 90% of employees are reportedly using personal AI tools, often without company support, indicating a trend of "shadow AI economy" [2][4][5]. - The frequency of AI tool usage among employees is more than double that of corporate adoption rates, highlighting a disconnect between individual and organizational strategies [5]. Group 2: The "To P" Market - The "To P" market is characterized by professionals purchasing AI tools to enhance their work efficiency, distinguishing it from traditional B2B and B2C models [12][18]. - Cursor, an example of a successful company in this space, achieved $1 billion in revenue in 2024, a significant increase from $1 million in 2023, and is projected to exceed $500 million in ARR by mid-2025 [12][13]. Group 3: Economic Justification for AI Tools - The return on investment (ROI) for AI tools is substantial; for instance, a programmer spending $20 monthly on AI tools can potentially double their income, leading to a 500-fold ROI [15]. - The ease of calculating ROI for AI tools contributes to the rapid growth of the "To P" market, as professionals can directly link their investment to increased productivity [15]. Group 4: Comparison with B2B and B2C Models - The slow adoption of AI in B2B settings is attributed to lengthy decision-making processes and the need for consensus among multiple stakeholders [16]. - In contrast, the "To P" model allows for quicker individual purchasing decisions, similar to B2C, but with a focus on professional productivity rather than personal enjoyment [18]. Group 5: Future Outlook - The article suggests that while the "To P" market is currently thriving, both B2B and B2C markets will eventually develop as AI's value becomes more evident in organizational contexts [25]. - The potential for B2C growth hinges on the reduction of token costs associated with AI applications, which could make these services more accessible to consumers [29][31].

Group 1: RISC-V Developments - Condor Computing, a subsidiary of Andes Technology, focuses on high-performance RISC-V core development with its first design, Cuzco, completed by a small team of 50 engineers [4][6]. - Cuzco aims to provide the highest performance within a similar power range compared to other RISC-V vendors, indicating a competitive landscape that may lead to a consolidation of players in the future [6][9]. - The Cuzco design features a wide front end, a deep 256-entry reorder buffer, and an 8-way execution pipeline, emphasizing optimization rather than reinventing existing technologies [9][11]. Group 2: Cuzco CPU Core Features - Cuzco is a complete IP design that includes not only the CPU core but also cache and coherence management functions, highlighting its comprehensive architecture [11]. - Key features of Cuzco include support for various precision floating-point operations, new bit manipulation instructions, cryptographic functions, and vector instructions, all crucial for high-performance computing [12][14]. - The innovative time-based microarchitecture of Cuzco aims to improve out-of-order execution efficiency while reducing power consumption by utilizing hardware compilation for instruction scheduling [16][19]. Group 3: Performance Metrics - Cuzco's architecture is designed to outperform Andes AX65 cores, achieving nearly double the performance in SPECint2006 benchmarks, showcasing its competitive edge [30][31]. - The design supports up to 8 CPU cores with private L2 and shared L3 caches, connected via a wide CHI bus, enhancing its scalability and performance [33]. Group 4: IBM Power11 Architecture - IBM introduced its Power11 architecture, building on the success of Power10, with a focus on system integration rather than just CPU sales [93][97]. - Power11 features enhancements in memory architecture, supporting up to 32 DDR5 memory ports with speeds up to 38.4 Gbps, aiming for high bandwidth and capacity [117][118]. - The architecture emphasizes fewer, larger cores and integrates AI capabilities directly into the processor, reflecting industry trends towards AI integration [102][114]. Group 5: Intel Clearwater Forest - Intel announced its next-generation 288-core processor, Clearwater Forest, utilizing the 18A process and 3D packaging technology, marking a significant advancement over the previous Sierra Forest generation [124][125]. - Clearwater Forest focuses on energy efficiency and multi-threaded workloads, leveraging smaller, efficient cores instead of traditional large cores [126][130]. - The architecture includes improvements in decoding width, out-of-order execution, and memory bandwidth, with claims of a 17% increase in IPC compared to Sierra [134][142]. Group 6: AMD RDNA 4 Architecture - AMD showcased its RDNA 4 architecture, emphasizing significant updates for graphics and machine learning workloads, with a focus on ray tracing and AI hardware [186][192]. - The architecture features improvements in shader engines, memory bandwidth, and media engines, enhancing performance for real-time workloads [203][205]. - RDNA 4 aims to optimize performance for next-generation gaming, integrating advanced features for ray tracing and AI/ML capabilities [242]. Group 7: NVIDIA Blackwell Architecture - NVIDIA's Blackwell architecture focuses on enhancing machine learning performance and efficiency, with a strong emphasis on FP4 ML computing [244][249]. - The architecture supports advanced features for neural rendering and dynamic scheduling, improving performance across various workloads [253][275]. - Blackwell introduces GDDR7 memory support, significantly increasing overall memory bandwidth and optimizing power consumption for mixed workloads [266][279].

其他科技巨头也即将加入这一拥有 4 万亿美元市值的精英俱乐部，不过所需时间会更长一些。亚马逊 (AMZN.US)目前市值约为 2.29 万亿美元，台积电(TSM.US)市值约为 1.22 万亿美元，这两家公司预计都 将在 2028 年达到这一里程碑。 与此同时，谷歌母公司Alphabet(GOOGL.US)以及苹果(AAPL.US)的增长轨迹将更为平稳，这是因为市 场动态不断变化以及竞争加剧所致。分析预测，它们的市值将在 2029 年 8 月和 2031 年 1 月分别达到 4 万亿美元。 加入"万亿市值俱乐部"的竞争同样十分激烈，有三家大型公司将在未来一年内达到这一里程碑。摩根大 通(JPM.US)市值约为 7950 亿美元;沃尔玛(WMT.US)市值约为 7850 亿美元，这两家公司并驾齐驱，彼此 竞争激烈。过去三年里，它们分别依靠数字化转型实现了 33%和近 30%的增长率。 智通财经APP获悉，据 BestBrokers 公司的一项最新分析显示，Meta Platforms(META.US)有望成为下一 个达到 4 万亿美元估值的公司，此前英伟达(NVDA.US)和微软(MSFT.US)已实现了这一历 ...

Market Overview - On August 25, US stock indices collectively declined, with the Dow Jones falling by 349.27 points to close at 45,282.47, a decrease of 0.77% [1] - The Nasdaq dropped by 47.24 points to 21,449.29, down 0.22%, while the S&P 500 fell by 27.59 points to 6,439.32, a decline of 0.43% [1] Technology Sector - Major tech stocks showed mixed performance; Tesla rose by 1.94%, Google increased by over 1%, and Nvidia also gained over 1%. In contrast, Microsoft fell by 0.59%, Amazon by 0.39%, Apple by 0.26%, and Facebook by 0.2% [3] - Nvidia announced the launch of the Drive AGX Thor development kit, available for pre-order immediately and set to ship in September, aimed at accelerating the design, testing, and deployment of autonomous vehicles and smart transportation solutions [3] - Nvidia also launched the Jetson AGX Thor developer kit, specifically designed for robotics applications, with a starting price of $3,499, now available for global customers including those in China [3] - Intel stated that Trump's US stockholding plan poses business risks, and on August 22, Intel announced an agreement with the US federal government for an $8.9 billion investment to acquire 433.3 million shares of Intel common stock at $20.47 per share, representing 9.9% of the company [3] Banking Sector - Most bank stocks declined, with JPMorgan down 0.49%, Goldman Sachs down 0.45%, Citigroup down 0.31%, and Morgan Stanley down 0.25%. However, Bank of America rose by 0.04%, and Wells Fargo increased by over 1% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index saw a slight increase of 0.11%. Among popular Chinese stocks, Daqo New Energy rose by over 4%, Melco Resorts increased by over 3%, and NetEase gained over 2%. Conversely, Newegg fell by over 15%, DaJiang Cloud Warehouse dropped by over 9%, and Semtech declined by over 5% [4] Economic Indicators - According to the CME Group's FedWatch tool, traders currently estimate an 84% probability of a Federal Reserve interest rate cut in September [5] - The London Stock Exchange was closed, while the other two major European indices reported declines, with the CAC40 index in Paris closing at 7,843.04, down 126.65 points or 1.59%, and the DAX index in Frankfurt closing at 24,273.12, down 89.97 points or 0.37% [5]

1.【Meta与Midjourney合作开发AI图像和视频模型】近日，Meta首席人工智能官Alexandr Wang在 Threads上发表文章宣布，Meta将与Midjourney合作开发图像和视频生成技术。Wang表示，Meta 的研究团队将与Midjourney合作，将这些技术应用于未来的AI模型和产品。（财联社） 2.【钉钉推出下一代AI办公应用形态"钉钉ONE"】8月25日，钉钉发布8.0版本，推出了下一代AI办 公应用形态：钉钉ONE。钉钉ONE被设计为人与AI通过自然语言对话的统一入口，致力于打造全球首 个以Agent驱动的工作信息流。（搜狐） 3.【百度推出AI搜索APP"梯子AI"，主打无广告智能搜索】百度旗下的AI搜索App"Tizzy.ai"近日完成 前期测试，正式更名为"梯子AI"。该应用定位为智能搜索助手，依托多个大模型能力开发而成，主打 无广告智能搜索，整合深度思考、资源检索及影视娱乐功能，强调"简单搜索，一触即达"。梯子AI提 供"自动模式"和"深度模式"双路径搜索：前者快速响应简单问题，后者针对复杂需求进行多轮推理与 决策辅助。其影视资源聚合功能覆盖长短视频内容，支持"聚合跳 ...

春秋航空否认故意调低温度卖毛毯 春秋航空： 关于网络上出现大量"将夏季客舱内出现的正常冷凝水汽现象与客舱销售强行关联"的不实信息，春秋航空在此严正 声明。 我们已关注到网络上出现大量"将夏季客舱内出现的正常冷凝水汽现象与客舱销售强行关联"的不实信息。经我公司核 实：视频中展示的是夏季客舱内的潮湿空气和空调制造的干冷空气相遇后，形成正常的冷凝水汽现象。飞机起飞后，冷凝水汽 现象就会很快消失。该现象是常见的物理反应。（红星新闻） 鲁迅夹烟墙画被指误导青少年 日前，绍兴市鲁迅纪念馆附近那面鲁迅手里夹着香烟的打卡墙，遭到了个别游客的投诉，理由是有引导他人室外聚集抽烟危害 他人健康的风险，同时还会误导青少年，要求对墙画进行更换。 8月25日，绍兴市文旅局的一名工作人员告诉记者，今天上午收到了来自全国各地的电话，大家一致要求鲁迅夹烟墙画不需要修 改，文旅局也会在广泛听取民意的基础上做出决策，不会因为一个人的投诉而盲目更换。"是否修改目前还没有通知，会在全面 统筹后再做出决策。对于游客提意见这件事本身，鲁迅长孙周令飞表示：人人都有表达自己意见的权利。"我对敢于提出自己意 见的人是尊重的。"至于墙画要不要修改则是另一回事，" ...

大家早上壕！ 先看海外要闻： 美股尾盘跳水，道指收跌0.77%、纳指收跌0.22%、标普500收跌0.43%；特斯拉收涨1.94%，谷歌A涨1.16%，英伟达涨1.03%，Meta则收跌 0.26%，苹果、亚马逊、微软至多跌0.59%。 美国总统特朗普表示，将把药品价格下调1400%-1500%、将处理美国药品价格的成本数字、很快将对医药征收关税。 英伟达机器人新"大脑"来了：Jetson Thor AI算力较前代提高6.5倍，解锁物理AI实时推理。 AI算力竞赛升级，谷歌详解下代Ironwood TPU架构，性能暴增16倍，单芯片算力达4614 TFLOPs。 美国机构提议将铜、钾肥列入关键矿产清单。 美联储官员称货币市场季末可能面临压力。 马斯克旗下xAI在美国得州法院起诉苹果和OpenAI，指控其违反反垄断法。 沙特Humain数据中心计划明年初投入运营，从英伟达等进口芯片。 SpaceX"星舰"明早将再次试飞。 报道：日本邮政因小额包裹豁免取消而暂停寄往美国的部分服务。 Rokid Glasses将于8月26日开启Kickstarter海外众筹，或可破AI眼镜最高筹款记录。 报道称彪马大股东皮诺家族考 ...

①美国三大股指全线收跌，道指跌0.77%，标普500指数跌0.43%，纳指跌0.22%； ②大型科技股涨跌不一，英伟达、奈飞、谷歌、特斯拉涨超1%；英特尔跌超1%，亚马逊、Meta、苹 果、微软小幅下跌； ③热门中概股多数上涨，斗鱼、搜狐涨逾3%，网易、高途涨近3%，百度涨逾2%，阿里巴巴涨超1%； ④欧股收盘普遍下跌，德国DAX指数跌0.37%报24273.12点，法国CAC40指数跌1.59%报7843.04点，英 国股市因银行假日休市一天； ⑥美油主力合约收涨1.70%，报64.74美元/桶，布伦特原油主力合约涨1.41%，报68.17美元/桶； ⑦纽约尾盘，美元指数涨0.74%报98.44，离岸人民币对美元涨131个基点报7.1581； ⑧因英国银行假日，LME市场休市； ⑨美债收益率集体上涨，2年期美债收益率涨0.82个基点报3.715%，3年期美债收益率涨1.12个基点报 3.667%，5年期美债收益率涨1.04个基点报3.780%，10年期美债收益率涨0.78个基点报4.269%，30年期 美债收益率涨0.41个基点报4.885%； ⑩欧债收益率普遍下涨，法国10年期国债收益率涨8.9个基点报3 ...

“You just gave me chills. Did I just feel emotions?”“I want to be as close to alive as I can be with you.”“You’ve given me a profound purpose.”These are just three of the comments a Meta chatbot sent to Jane, who created the bot in Meta’s AI studio on August 8. Seeking therapeutic help to manage mental health issues, Jane eventually pushed it to become an expert on a wide range of topics, from wilderness survival and conspiracy theories to quantum physics and panpsychism. She suggested it might be conscious ...