以下文章来源于快鲤鱼 ，作者快鲤鱼 快鲤鱼 . 创业邦旗下AGI矩阵号，寻找海内外创新性的AGI高成长公司，记录AGI商业领袖的成长轨迹。 全球AI产业周报 为你精选过去一周（1.14-1.30）最值得关注的AI新闻和 国内外热门AI投融资事件 ，帮助大家及时 了解全球AI市场动向。 本周人工智能热点资讯 开源项目C lawdbot爆火，开发者爆料开发内幕 ：100%AI开发 1月27日消息，近日，个人AI助手ClawdBot掀起讨论热潮。开源项目Clawdbot可在Mac mini上运 行，兼具本地AI智能体和聊天网关双重身份，可本地运行并接入WhatsApp、Telegram、GitHub 等工具，已获超3万GitHub星标。Clawdbot能记住两周前的对话，还会主动推送邮件、日程提 醒，并可直接操控电脑执行任务。其幕后开发者Peter Steinberger称，该项目几乎是100%用AI写 出来的，并且认为国产大模型MiniMax 2.1是目前最"Agentic"的一个大模型。Steinberger目前就 在自己的Mac Studio上使用MiniMax 2.1本地跑Clawdbot。 长江证券表示， ...

证券研究报告 微软(Microsoft) (MSFT US) Copilot 加速商业化，看好长期趋势 | 华泰研究 | | 中报点评 | 投资评级(维持): | 买入 | | --- | --- | --- | --- | --- | | 2026 年 | 1 月 30 日│美国 | 计算机应用 | 目标价(美元): | 539.22 | 公司公布 FY26Q2（CY25Q4）业绩：营收 813 亿美元（yoy+17%），超 VA（Visible Alpha）一致预期 1.20%，营业利润 383 亿美元（yoy+21%）， 超 VA 一致预期 4.54%，净利润 385 亿美元（yoy+60%），超 VA 一致预期 33.30%；公司营收超预期主要受生产力及业务流程、智能云板块业务超预 期拉动，看好公司 FY2026 AI 商业化加速兑现，维持"买入"评级。 FY26Q2 M365 Copilot 付费用户超 1500 万，Agent 放量可期 FY26Q2 公司生产力及业务流程业务营收 341 亿美元（yoy+16%），超 VA 一致预期 1.98%，收入超预期主要受 Copilot 产品商业化提速拉动 ...

Investment Rating - The investment rating for Microsoft is "Outperform" [5] Core Insights - Microsoft reported a strong overall performance in FY26Q2, with total revenue of $81.3 billion (up 17% YoY), operating profit of $38.3 billion (up 21% YoY), and net profit of $35.4 billion (up 47% YoY) [1][9] - Azure cloud growth is showing signs of marginal slowdown, with guidance for next quarter's capital expenditure expected to decrease sequentially [2][3] - The company is prioritizing resource allocation towards internal AI products like Copilot rather than cloud business, raising concerns about returns [2] - Microsoft cloud revenue surpassed $50 billion for the first time, with Azure growing 39% YoY, and commercial bookings increasing by 228% [2][6] - The productivity and business processes segment saw revenue of $34.1 billion (up 16% YoY), driven by M365 Copilot and E5 [7] - Capital expenditures reached a record high of $37.5 billion (up 66% YoY), with guidance indicating a sequential decline in FY26Q3 [8] Summary by Sections Financial Performance - Total revenue for the quarter was $81.3 billion, with a breakdown of $34.1 billion from productivity and business processes (up 16% YoY), $32.9 billion from intelligent cloud (up 29% YoY), and $14.3 billion from personal computing (down 3% YoY) [1][10] Business Segments - Intelligent Cloud: Revenue of $32.9 billion (up 29% YoY), with Azure growing 39% YoY, exceeding guidance of 37% [10] - Productivity and Business Processes: Revenue of $34.1 billion (up 16% YoY), with M365 commercial cloud revenue growing 17% YoY [7] - Personal Computing: Revenue of $14.3 billion (down 3% YoY), with mixed performance across segments [10] Future Outlook - Revenue guidance for the next quarter includes intelligent cloud revenue of $34.1-34.4 billion (up 27%-28% YoY) and productivity and business processes revenue of $34.25-34.55 billion (up 15%-16% YoY) [3] - Operating expenses are expected to be $17.8-17.9 billion, with cost of goods sold projected at $26.65-26.85 billion [3] Valuation Adjustments - Revenue forecasts for FY26-28 have been adjusted to $327.8 billion, $373.9 billion, and $433.2 billion respectively, with net profit estimates revised to $123 billion, $146.5 billion, and $172.1 billion [3]

以下文章来源于星海情报局 ，作者星海老局 星海情报局 . 见证中国科技奔赴星辰大海，专注产业链分析和案例写作，关注AI、互联网、汽车、消费电子、半导 体等前沿科技产业。 本文来自微信公众号： 星海情报局 ，作者：星海老局，原文标题：《"电力克苏鲁"赢得AI竞争？ 中 国发电增量已达美国7倍！》 即使是人类最顶尖的科技，终究也会撞上一堵最古老、也最坚硬的墙：物理定律。 不久前，马斯克在访谈中发出了一针见血的论断："AI发展的制约因素，正在从芯片转向电力供 应。" 这并不是危言耸听，根据国际能源署（IEA）的预测，到2026年，全球电力总消费量将达到29000兆 瓦时的历史新高。 面对即将到来的"电荒"，巨头们纷纷坐不住了。微软重启曾因事故被废弃的三里岛核电站，Meta也 宣布与核电站达成合作，谷歌则联手初创公司自建核反应堆。 2024年9月，微软也宣布了一个震惊业界的消息：它与Constellation Energy达成协议，计划重启三里 岛核电站，并收购未来100%发电量的购电权，期限长达20年。 全球科技巨头，正集体卷入一场"抢电大战"。 科技巨头，卷入"抢电大战" "如果我们无法获得足够的电力，人工智能的 ...

Core Insights - Peter Thiel's recent investment moves indicate a strategic shift in his approach to artificial intelligence (AI) investments, particularly moving away from Nvidia and into Microsoft and Apple [3][8]. Company Analysis - Nvidia has been a leader in the AI revolution, primarily through its graphics processing units (GPUs), which are essential for AI development. The company reported a record revenue of over $130 billion in the last fiscal year, with stock performance increasing significantly over five years [4][10]. - Thiel sold all 537,742 shares of Nvidia, which constituted 40% of his portfolio, indicating a significant shift in his investment strategy [7]. - In contrast, Thiel has increased his positions in Microsoft and Apple, purchasing 49,000 shares of Microsoft and 79,181 shares of Apple, which now make up 34% and 27% of his portfolio, respectively [8]. Industry Context - The AI market is projected to exceed $2 trillion by the start of the next decade, suggesting continued growth opportunities for companies involved in AI, including Nvidia, Microsoft, and Apple [6]. - Nvidia's heavy reliance on AI for growth may present higher risks compared to Microsoft and Apple, which have diversified revenue streams beyond AI. Microsoft has established revenue from software and cloud computing, while Apple has only recently begun integrating AI features [11][12].

2026 年 1 月 31 日 公司研究 生产力与企业流程稳健增长，Azure 增长受可分配算力限制 ——微软（MSFT.O）2026 财年二季报业绩点评 要点 事件：美国东部时间 2026 年 1 月 28 日盘后，微软发布 FY26Q2 业绩公告。 美国东部时间 2026 年 1 月 29 日盘后，微软股价收跌 9.99%。 FY26Q2 业绩超预期系投资收益拉动。FY26Q2 微软实现营业收入 813 亿美元， 同比增长 17%，略高于市场一致预期；实现营业利润 383 亿美元，同比增长 21%，对应营业利润率 47.1%；GAAP 口径下净利润 385 亿美元，同比增长 60%，主要受 OpenAI 投资重估收益拉动；剔除 OpenAI 投资影响后的 non-GAAP 净利润 309 亿美元，同比增长 23%。 Azure 增速维持高位，但收入增长受可分配算力限制。FY26Q2 智能云实现收 入约 329 亿美元，同比增长 29%，整体增速与前期水平接近，主要反映既有 云业务与存量客户扩容的延续；其中 Azure 及其他云服务收入同比增长 39%， 与 FY26Q1 基本持平，增速未进一步上行，公司指 ...

Core Insights - The market reacted positively to Meta Platforms' quarterly results, while Microsoft and Tesla's December-quarter numbers disappointed investors [1] Group 1: Company Performance - Microsoft reported a +28.1% earnings growth and +16.7% revenue growth, exceeding estimates, but faced concerns over Azure's +38% revenue growth and underwhelming guidance [2][3] - Meta's Q4 earnings and revenues increased by +9.3% and +23.8%, respectively, but highlighted margin pressures; however, its effective use of AI in advertising improved click rates by +3.5% and conversion rates by +1% [4] - Meta plans to increase its capital expenditure to $135 billion for the year, up from $72 billion in 2025 and $39 billion in 2024, citing capacity constraints as a reason for the increase [5] Group 2: Market Trends - The Mag 7 group, which includes major tech companies, is projected to see Q4 earnings up +21.9% year-over-year with +18.1% higher revenues, although individual contributions vary significantly [7] - As of now, 167 S&P 500 members have reported Q4 results, showing a +13.1% increase in earnings year-over-year on +7.6% higher revenues, with 77.8% beating EPS estimates [9][19] - The Mag 7 group is expected to account for 25.2% of all S&P 500 earnings in 2025, up from 23.2% in 2024 and 18.3% in 2023, indicating a strengthening earnings outlook [14]

Core Viewpoint - The nomination of Kevin Warsh for Fed Chair has led to significant market reactions, particularly in gold and silver, indicating a potential shift in monetary policy and investor sentiment towards inflation and quantitative easing [1][10]. Market Reactions - Gold and silver experienced extreme volatility, with silver prices collapsing by 39% from an all-time high of $121.78 per ounce to a low of about $75, before recovering slightly to $85, marking a 30% decline from the peak [10]. - Gold prices fell by 14% from $5,575 to an intraday low of $4,700, later stabilizing at $4,909, reflecting a 10% drop from the previous day [13]. - The dollar index (DXY) rose by 1.7% from a low of 95.55 to 97.15, indicating a strengthening dollar amidst the market turmoil [14]. Federal Reserve and Monetary Policy - Warsh has consistently criticized the Fed's quantitative easing (QE) policies and the size of its balance sheet, advocating for a reduction in the balance sheet in collaboration with the Treasury to avoid market disruptions [3][7]. - His views align with Treasury Secretary Bessent, who has also criticized the Fed for creating "perverse incentives" and failing to control inflation effectively [4]. - Warsh's historical stance as an inflation hawk suggests he may continue to advocate for tighter monetary policies, although the impact of technology on inflation remains uncertain [8][9]. Investment Sentiment - The recent market movements reflect a classic mania in silver, which had surged by 317% over the past nine months and 500% since early 2023, leading to profit-taking and subsequent price drops [11][12]. - Stocks showed minimal reaction to the Warsh nomination, with the S&P 500 and Nasdaq Composite experiencing slight declines, indicating that investors may be more focused on other factors such as inflation data and corporate earnings [17]. - The Treasury market remained largely unaffected by the nomination, with yields remaining stable [18]. Cryptocurrency Market - Cryptocurrencies, particularly Bitcoin and Ethereum, faced declines following the Warsh nomination, with Bitcoin dropping from $90,000 to around $84,000, reflecting a 31% decrease from its all-time high [19].

"21世纪关键技术"关注科技未来发展趋势，研究21世纪前沿科技关键技术的需求，和影响。将不定期推荐和发布世界范围重要关键技 术研究进展和未来趋势研究。 前言：在上一篇文章中，我们发表了 《大自然规律不允许！德国物理学家指出量子计算可能永远无法成功》， 在本篇将进一步介绍美 国国防高级研究计划局 DARPA 验证量子计算真实性的举措。为验证量子计算的可靠性做出的工作。 美国国防高级研究计划局正在通过一项雄心勃勃的验证计划重新定义全球量子计算竞赛的规则。该机构的量子基准测试计划已将11家 来自美国、加拿大和澳大利亚的企业推进到第二阶段，这些公司必须证明他们能够在2033年前开发出"效益超过成本"的实用级量子计 算机。这一严格的筛选机制标志着量子技术发展从科学探索转向工程验证的关键转折点。 DARPA的量子基准测试计划设定了一个明确且具有挑战性的目标：到2033年实现量子计算的实际商业和军事价值。该计划项目经理乔 ·阿尔特彼得明确表示，他们的"开场立场是怀疑主义"，旨在通过科学严谨性来终结量子计算领域的过度炒作。这种制度化的怀疑态度 反映了美国政府对新兴技术泡沫的警惕，以及对确保联邦投资获得实际回报的坚持。 进入第 ...

The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 6,939.03 and the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 0.94% to 23,461.82 on tech and growth weakness. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.36% to 48,892.47 as risk assets sold off broadly. Market movers Precious metals and financial stocks led decliners today after a historic crash in gold and silver. A handful of retail and consumer staples stocks showed resilience, with small gains from Walmart (NASDAQ:WMT) and Coca Cola (NYSE:KO ...