以下文章来源于财联社AI daily ，作者周子意 而最新的报道称， 英伟达首席执行官黄仁勋近期私下向业内同仁强调，最初的1000亿美元协议并非具有约束力，也尚未最终确定。 财联社AI daily . 财联社及科创板日报旗下产品——未来已来，AI前沿，独家、深度、专业！ 据报道， 英伟达和OpenAI之间价值1000亿美元的合作交易谈判已陷入停滞。 去年9月英伟达曾宣布，计划向OpenAI投资高达1000亿美元，以帮助其训练和运行最新的人工智能模型。但据知情人士最新透露， 这一计 划因英伟达内部人士对这笔交易存疑而停滞不前。 据媒体援引知情人士的话报道，这两家公司目前正在重新考虑其合作关系的未来，最新讨论包括在OpenAI当前融资轮中进行数百亿美元的 股权投资。 这项交易的搁置显然对OpenAI构成了不小的打击。这笔交易本可以为OpenAI提供所需的资金和渠道，使其能够购买关键的先进芯片，以在 日益激烈的竞争环境中保持领先地位。 并且值得一提的是，这家ChatGPT制造商正为2026年底前上市做准备，过去一年一直在争取获得大量算力以支撑未来产品和增长。 竞争担忧 根据两家公司于去年9月签署的谅解备忘录，英伟达 ...

此前有报道称，英伟达投资 OpenAI 的计划在改芯片巨头内部一些人士对交易表示怀疑后陷入停滞。 英伟达CEO黄仁勋周六表示，该公司"肯定"会参与 OpenAI 当前的融资轮次，这很可能会是该公司有史 以来规模最大的一笔投资。 黄仁勋拒绝透露投资的具体金额，但他表示这笔投资"不会与"此前报道的 1000 亿美元相等。他在台北 接受记者采访时发表了上述言论。 此前有报道称，英伟达投资 OpenAI 的计划在改芯片巨头内部一些人士对交易表示怀疑后陷入停滞。 责任编辑：于健 SF069 责任编辑：于健 SF069 英伟达CEO黄仁勋周六表示，该公司"肯定"会参与 OpenAI 当前的融资轮次，这很可能会是该公司有史 以来规模最大的一笔投资。 黄仁勋拒绝透露投资的具体金额，但他表示这笔投资"不会与"此前报道的 1000 亿美元相等。他在台北 接受记者采访时发表了上述言论。 ...

市场策略丨深度报告 [Table_Title] AI 革命和泡沫分析框架（一）：AI 的 1998—— 科网泡沫再审视 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 本文对科网泡沫复盘，希望以史为鉴，对当下 AI 产业演进过程提出一些思考。衡量泡沫是否存 在主要有八大维度，可以分为三个层面。宏观：叙事催化剂和杠杆水平；产业：故事性、应用 场景、未来竞争格局、商业模式；市场：经验不足的投资者、纯粹可投资标的。从宏观环境整 体来讲，美国当前的经济环境不及科网泡沫时期，流动性相比当时更好。产业端来讲，商业模 式能否闭环，企业能否产生最终盈利是市场最为关注的问题。而市场端来看，当前估值水平和 市场构成相比科网泡沫时期更优。 分析师及联系人 [Table_Author] 戴清 SAC：S0490524010002 SFC：BTR264 请阅读最后评级说明和重要声明 2 / 26 %% %% %% %% research.95579.com 2 [Table_Title AI 革命和泡沫分析框架（一 2] ）：AI 的 1998—— 科网泡沫 ...

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， ...

Investment Rating - The industry investment rating is "Positive" and maintained [9] Core Views - The report highlights a continued price increase trend in the AI infrastructure supply chain, suggesting that multiple segments such as CPU and cloud services may experience simultaneous volume and price growth, benefiting related industries [8][58] - The report recommends focusing on the domestic computing power supply chain, particularly leading companies in computing chips like Cambricon and Haiguang Information, as well as domestic CPU, cloud, and AI infrastructure suppliers [8][58] Summary by Sections Market Performance - Last week, the computer sector rebounded slightly, with an overall decline of 0.25%, ranking 27th among major industries in the Yangtze River region, and accounting for 7.08% of total market turnover [2][18] Key Recommendations - The report emphasizes the importance of the domestic basic resource supply chain, particularly in light of ongoing price increases that are expected to benefit various segments, including computing chips and cloud services [8][58] Notable Developments - Recent updates include the IPO progress of three companies in the commercial aerospace sector, and announcements from Elon Musk regarding the Optimus humanoid robot, which is expected to be available to the public by the end of 2027 [2][23][29] - The report also notes that the full version of Tesla's FSD (Full Self-Driving) may receive regulatory approval soon, which could accelerate investment opportunities in the smart driving industry [37][41]

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].

Core Viewpoint - Nvidia shares are expected to rise as AI spending increases, particularly in data centers and autonomous vehicles, with a significant increase in stock price since January 2023 due to the adoption of AI technologies like ChatGPT [1] Group 1: Bullish Case - Nvidia stock is projected to soar 83% to $352 per share, driven by its 85% market share in the AI accelerator market and a full-stack strategy that enhances its competitive position [2][5] - The company not only designs GPUs but also develops CPUs and networking hardware, providing integrated solutions for AI infrastructure [3] - Nvidia's full-stack approach allows for optimization of data center systems, resulting in a lower total cost of ownership compared to competitors [4] Group 2: Bearish Case - The bearish outlook suggests Nvidia stock could fall 27% to $140 per share, with increasing competition from custom AI chips like Alphabet's TPUs posing a threat [7][8] - Concerns about Nvidia's margins arise from rising costs of high bandwidth memory (HBM) chips and a commitment to $26 billion in cloud capacity spending over the next six years [9] Group 3: Market Predictions - A prediction indicates Nvidia stock will increase 35% to $260 per share by December 2026, reflecting a balance between bullish and bearish extremes and a slight premium to the median target price of $250 [11] - Analysts have consistently underestimated AI capital expenditures, suggesting potential for Nvidia's earnings to exceed expectations [12] - The CEO emphasizes that autonomous machines represent the next phase of the AI boom, with Nvidia's products being integral to self-driving car companies [13]

Core Insights - Nvidia has experienced significant volatility over the past five years, transitioning from a gaming-focused revenue model to a data center-driven growth strategy fueled by artificial intelligence demand [2][4]. Financial Performance - In early 2021, Nvidia's gaming segment contributed approximately 50% of its revenue, but the company faced a 24% stock decline due to GPU shortage fears [2]. - Nvidia reported record quarterly revenue of $5 billion for Q4 of fiscal 2021, leading to a stock gain of 125% that year [3]. - However, between November 2021 and October 2022, Nvidia's stock price fell by 66% due to inflation and slowing economic growth [3]. - Currently, Nvidia's data center segment generated record revenue exceeding $51 billion in the third quarter, which is more than ten times its total revenue from five years ago [4]. - The company's market capitalization stands at $4.6 trillion, with a current stock price of $191.13 [5]. - Management forecasts fourth-quarter revenue of $65 billion, indicating a growth rate of 65% [6]. Investment Returns - An investment of $100 in Nvidia stock five years ago would now be worth $1,479, reflecting a remarkable gain of 1,380% [7].

据报道，英伟达公司向OpenAI投资至多1000亿美元的谈判已经陷入停滞，从而暴露了人工智能（AI） 行业两大巨头之间的潜在裂痕。 据知情人士称，由于英伟达内部一些人士对这笔交易表示担忧，该谈判陷入停滞。OpenAI开发了热门 聊天机器人ChatGPT，而英伟达则主导着用于开发此类软件的AI处理器市场。 两家公司于9月宣布达成协议，当时表示已签署战略合作意向书。这1，000亿美元资金旨在用于支持新 数据中心和其他AI基础设施，这些基础设施将采用英伟达的组件。双方计划搭建10GW的算力——相当 于纽约市的峰值电力需求。 英伟达在周五的一份声明中表示："过去十年，我们一直是OpenAI的首选合作伙伴。我们期待继续携手 合作。"该公司没有透露谈判进展。 OpenAI的一位代表并未立即对此事作出回应。 两家公司于9月宣布达成协议，当时表示已签署战略合作意向书。这1，000亿美元资金旨在用于支持新 数据中心和其他AI基础设施，这些基础设施将采用英伟达的组件。双方计划搭建10GW的算力——相当 于纽约市的峰值电力需求。 英伟达在周五的一份声明中表示："过去十年，我们一直是OpenAI的首选合作伙伴。我们期待继续携手 合作 ...

Group 1: Tesla Inc - Tesla Inc continues to dominate the electric vehicle market, with a significant increase in production and delivery numbers, reflecting a year-over-year growth of 50% in Q3 [1] - The company reported a revenue of $21 billion for the last quarter, marking a 30% increase compared to the previous year [1] - Tesla's gross margin has slightly decreased to 25%, attributed to increased competition and rising raw material costs [1] Group 2: Baron Partners Fund Retail Shares - Baron Partners Fund Retail Shares has shown a strong performance, with a year-to-date return of 15%, outperforming the benchmark index [1] - The fund's strategy focuses on long-term growth, investing in high-quality companies with strong fundamentals [1] - Recent investments include technology and healthcare sectors, which are expected to drive future growth [1] Group 3: Baron First Principles ETF - Baron First Principles ETF has gained traction among investors, with assets under management reaching $500 million [1] - The ETF aims to provide exposure to innovative companies that are positioned for long-term success [1] - Its performance has been robust, with a 12% increase in value since its inception [1]