华尔街见闻早餐FM-Radio | 2026年2月12日

Group 1: China Developments - Premier Li Qiang emphasized the need to advance artificial intelligence (AI) technology innovation, industry development, and application empowerment to cultivate new productive forces [5][15] - The State-owned Assets Supervision and Administration Commission (SASAC) is promoting central enterprises to actively expand effective investment in computing power [15] - China's January Consumer Price Index (CPI) year-on-year growth fell to 0.2%, while the Producer Price Index (PPI) year-on-year decline narrowed to 1.4% [6][15] Group 2: AI and Technology Models - DeepSeek is conducting gray testing of its next-generation model, which reportedly expands context length from 128K to 1M and updates its knowledge base to May 2025 [15] - Zhiyuan released its new flagship model GLM-5, which enhances programming and agent capabilities, with a parameter scale of 744 billion and pre-training data of 28.5 terabytes [7][15] Group 3: Market Trends and Company News - The A-share market saw significant movements, with the glass fiber sector experiencing a surge due to high demand driven by AI computing power [4][23] - Zhongji Xuchuang clarified rumors regarding order pathways, stating that CSP customers directly place orders with the company, maintaining its business model [23] - Semiconductor company SMIC indicated that the shortage of High Bandwidth Memory (HBM) will persist, but rapid AI capacity expansion may lead to underutilized data centers [24]