每经编辑｜陈柯名 据多家媒体23日报道，为更便捷部署专用于人工智能(AI)的数据中心卫星网络，美国太空探索技术公司（SpaceX）首席执行官埃隆·马斯克设想，从月球 用电磁弹射方式向地球轨道发射卫星。 据法国未来科学网站报道，马斯克有意在月球建造一台巨型电磁弹射装置和一座卫星组装厂，由前者发射卫星进入地球轨道。 太空探索技术公司不久前向美联邦通信委员会提交申请，拟在近地轨道部署由多达100万颗卫星组成的系统，构建在轨数据中心网络，以支持AI等高性能 计算需求。 未来科学网站的报道认为，从理论上说，马斯克从月球发射卫星的设想并非全无道理。月球引力小、没有大气层且太阳能丰富，这些条件能让发射效率远 超从地球发射，部署庞大卫星星座也将变得更简单，且能避开充斥近地轨道的航天器及其残骸。 然而，现实中，实现这一想法难度巨大。未来科学网站分析，首先，该发射装置将长达数公里，加速过程必须足够平缓，以避免在发射过程中损毁卫星。 其次，每次发射所需的能量惊人，仅电力需求就极为巨大。 而且，在月球建造电磁弹射装置之前，必须先建立一个永久性基地，需要运输大量设备。人类从未在地球以外建造过如此大规模的设施。 图片来源：视觉中国 马斯 ...

%% %% 行业研究丨深度报告丨电气设备 [Table_Title] 美国加码 AIDC 自建电源，变压器&储能景气 有望加速——美国缺电研究系列三 %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 此前，我们在《解能源桎梏，扬时代风帆——美国缺电深度研究》中指出，AI 电力需求高增下， 美国电力缺口不断放大，公用电网短期难以解决，导致电价不断上涨。2026 年以来，在立法层 面，FERC、州政府及区域输电组织加速推进大型负载并网政策落地，数据中心自建电源已是 大势所趋。本报告重点阐述北美数据中心供电及配储架构，量化测算自建电源对变压器及储能 需求的拉动。 分析师及联系人 [Table_Author] 邬博华 曹海花 司鸿历 SAC：S0490514040001 SAC：S0490522030001 SAC：S0490520080002 SFC：BQK482 SFC：BVD284 袁澎 SAC：S0490524010001 请阅读最后评级说明和重要声明 2 / 23 %% %% %% %% research.95579.com 2 [Table_ ...

来源：环球网 【环球网科技综合报道】2月24日消息，据techzine报道称，OpenAI首席执行官萨姆·奥特曼（Sam Altman）近日在接受采访时明确表示，在太空部署数据中心的设想"荒谬至极"，并断言此类设施在本十 年内不可能实现大规模应用。 马斯克近期曾表示，部署太空数据中心是他将旗下火箭公司SpaceX与人工智能公司xAI合并的主要原因 之一；而贝佐斯则预估该技术需20至30年才能成熟。 对此，奥特曼表示，当前火箭发射成本远高于地面能源支出，且在轨维护或更换故障硬件几乎不可 行。"如果你粗略计算发射成本与地球发电成本的对比，就会发现我们离目标还很远。"他说。 尽管对太空方案持否定态度，奥特曼并未完全排除未来可能性。他曾表示，长远来看，某些特定AI应 用场景或可受益于太空环境。（思瀚） 外媒称，奥特曼的言论直接回应了埃隆·马斯克（Elon Musk）和杰夫·贝佐斯（Jeff Bezos）等人提出的 太空数据中心构想。 ...

Core Insights - Maye Musk humorously referred to her son Elon Musk as an "always-on fact engine" long before AI became mainstream, highlighting his exceptional memory and knowledge from a young age [1][2] Group 1: Personal Background - Elon Musk is recognized as one of the wealthiest individuals globally, with net worth estimates varying significantly; Forbes lists it at approximately $837 billion, while Bloomberg's Billionaire Index estimates it around $664 billion [3] Group 2: Early Aptitude and AI Promotion - Maye Musk shared a document from 1989 showing her son's computer aptitude test results at age 17, emphasizing his early intelligence [4] - She has actively promoted "Grok," a chatbot developed by xAI, Elon Musk's AI company, showcasing its capabilities in animating modeling photos and old images [4]

On Monday, xAI CEO Elon Musk escalated his feud after Amazon.com, Inc. (NASDAQ:AMZN) -backed Anthropic accused Chinese firms like DeepSeek of copying its Claude model.Anthropic Alleges ‘Industrial-Scale' AI DistillationAnthropic said that Chinese AI companies, including DeepSeek, Moonshot AI and MiniMax, orchestrated what it described as "industrial-scale" distillation attacks on its Claude model.In a blog post, the company alleged the labs created more than 24,000 fraudulent accounts and generated over 16 ...

Summary of AI Industry Dynamics During the 2026 Spring Festival Domestic Model and Product Releases 1. **Zhiyuan AI** (February 11): Released GLM-5 with a HumanEval code pass rate of 96.2%, ranking first in global open source and fourth overall; focuses on programming and intelligent capabilities [1] 2. **ByteDance** (February 14): Launched Doubao Model 2.0 (Pro/Lite/Mini/Code), achieving top rankings in math/programming benchmarks and reducing inference costs by an order of magnitude; simultaneously launched Seedance 2.0, capable of generating movie-quality multi-shot audio and video in 60 seconds, becoming a key visual creation tool for the Spring Festival Gala [1] 3. **Alibaba** (February 16): Open-sourced Qwen3.5-Plus with a total parameter count of 397 billion and only 17 billion activated, achieving a 60% reduction in memory usage and a 19-fold increase in inference efficiency; API priced at 0.8 yuan per million tokens, which is 1/18 of Gemini 3 Pro [1] Additional Domestic Releases 4. **DeepSeek** (February 17): Upgraded context window from 128K to 1M tokens, capable of processing ultra-long texts equivalent to the "Three-Body Problem" trilogy [2] 5. **MiniMax** (February 18): Released M2.5 model with native agent design, achieving a 37% speed increase for complex tasks [2] 6. **Tencent** (February 19): AI creation reached 1 billion instances over 16 days during the Spring Festival [2] Overseas Model and Product Releases 7. **Google** (February 19): Released Gemini 3.1 Pro, significantly enhancing inference capabilities and setting a new technical benchmark [3] 8. **OpenAI** (February 18): Launched a proprietary model based on Cerebras chips, achieving a training efficiency increase of 5-10 times and a cost reduction of 70% [3] 9. **Anthropic** (February 18): Released Claude Sonnet 4.6, priced at 1/5 of flagship models, with performance approaching Opus, offering excellent cost-performance for enterprise applications [3] 10. **xAI** (February 20): Updated Grok 4.2, with simultaneous upgrades in multimodal and inference capabilities [3] Financing and Capital Dynamics 11. **Moon's Dark Side (Kimi)** (February 20): Completed a $700 million financing round led by Alibaba, Tencent, and Wuyuan, with a valuation exceeding $10 billion; cumulative financing in January and February surpassed $1.2 billion [4] 12. **Zhiyuan AI/MiniMax** (February 20): Market capitalization on the first trading day after the Hong Kong holiday exceeded 300 billion HKD each, totaling over 580 billion HKD [4] 13. **Anthropic** (February 21): Completed a $30 billion Series G round, with a valuation reaching $380 billion, led by GIC and Coatue [4] 14. **OpenAI** (February 21): Nearing completion of the first phase of over $100 billion in financing, with a valuation expected to exceed $850 billion [4] 15. **Runway** (February 21): AI video company completed a $315 million Series E round, with a valuation of $5.3 billion, focusing on world model development [4]

Summary of AI Industry Dynamics During the 2026 Spring Festival Domestic Model and Product Releases 1. **Zhiyuan AI** (Feb 11): Released GLM-5 with a HumanEval code pass rate of 96.2%, ranking first in global open source and fourth overall; focuses on programming and intelligent capabilities [1] 2. **ByteDance** (Feb 14): Launched Doubao Model 2.0 (Pro/Lite/Mini/Code), achieving top rankings in math/programming benchmarks and reducing inference costs by an order of magnitude; simultaneously launched Seedance 2.0, capable of generating movie-quality multi-shot audio and video in 60 seconds, becoming a key player in Spring Festival visual creation [1] 3. **Alibaba** (Feb 16): Open-sourced Qwen3.5-Plus with a total parameter count of 397 billion and only 17 billion activated, achieving a 60% reduction in memory usage and a 19-fold increase in inference efficiency; API priced at 0.8 yuan per million tokens, which is 1/18 of Gemini 3 Pro [2] 4. **DeepSeek** (Feb 17): Upgraded context window from 128K to 1M tokens, capable of processing ultra-long texts equivalent to the "Find Books" trilogy [2] 5. **MiniMax** (Feb 18): Released M2.5 model with native agent design, achieving a 37% speed increase for complex tasks [2] 6. **Tencent** (Feb 19): During the 16 days of the Spring Festival, AI creation reached 1 billion instances [2] Overseas Model and Product Releases 7. **Google** (Feb 19): Released Gemini 3.1 Pro, significantly enhancing inference capabilities and setting a new technical benchmark [3] 8. **OpenAI** (Feb 18): Launched a proprietary model based on Cerebras chips, achieving a training efficiency increase of 5-10 times and a cost reduction of 70% [3] 9. **Anthropic** (Feb 18): Released Claude Sonnet 4.6, with costs at 1/5 of flagship models and performance approaching Opus, offering high cost-performance for enterprise-level applications [3] 10. **xAI** (Feb 20): Updated Grok 4.2, with simultaneous upgrades in multimodal and inference capabilities [3] Financing and Capital Dynamics 11. **Moon's Dark Side (Kimi)** (Feb 20): Completed a $700 million financing round led by Alibaba, Tencent, and Wuyuan, with a valuation exceeding $10 billion; cumulative financing in January and February surpassed $1.2 billion [4] 12. **Zhiyuan AI/MiniMax** (Feb 20): On the first trading day after the Hong Kong stock market holiday, both companies' market capitalizations exceeded 300 billion HKD, totaling over 580 billion HKD [4] 13. **Anthropic** (Feb 21): Completed a $30 billion Series G round, with a valuation reaching $380 billion, led by GIC and Coatue [4] 14. **OpenAI** (Feb 21): Nearing completion of the first phase of financing exceeding $100 billion, with a valuation expected to surpass $850 billion [4]

野心还看不懂吗？ 对于马斯克和他背后的商业帝国，不能再用老眼光看了。 特斯拉可能既是商业伙伴，又是国家威胁。 想象一下，当最后一辆特斯拉Model S缓缓驶下加州弗里蒙特工厂的生产线，经过一番改造后，从这里将走出以百万计的Optimus机器人；想象一下，马斯 克的SpaceX及其全资拥有的子公司xAI正在参加五角大楼的秘密项目，目标是研发可由语音控制、自主运行的无人机集群技术…… 随着市场逐渐饱和、竞争对手不断涌现，电动汽车市场竞争愈发激烈，利润空间也在不断被压缩。 2025年，特斯拉全球交付163.61万辆电动车，同比下降8.56%，连续第二年下滑。 那一刻，可能既是在宣告特斯拉一个时代的结束，也是人类工业史上一个新里程碑时刻。 1月28日，特斯拉四季度业绩电话会议上，CEO埃隆·马斯克宣布将于今年二季度末正式停产Model S和Model X，腾出产能用于生产Optimus机器人。 在马斯克眼中，Optimus和Cybercab无人驾驶出租车才是特斯拉未来的核心增长点，这与其在SpaceX和星链的布局一脉相承。特斯拉作为现金牛和融资基 盘，为马斯克其他业务创造稳定的资金来源。 然而，马斯克的野心不断膨胀， ...

影响股市利好与利空消息 宏观新闻 3、外交部网站2月23日消息，外交部发言人宣布：应国务院总理李强邀请，德国总理默茨将于2月25日 至26日对中国进行正式访问。 4、玉渊谭天22日发文称，美国最新加征的所谓"临时关税"，很可能像此前一样面临被起诉的风险。 1、2月16日出版的第4期《求是》杂志发表中共中央总书记、国家主席、中央军委主席习近平的重要文 章《当前经济工作的重点任务》。文章强调，2026年经济工作头绪多，要抓住关键、纲举目张。坚持内 需主导，建设强大国内市场。统筹促消费和扩投资，用好我国超大规模市场优势。深入实施提振消费专 项行动，制定实施城乡居民增收计划，扩大优质商品和服务供给，优化"两新"政策实施，清理消费领域 不合理限制措施，释放文旅等服务消费潜力。 2、美东时间2月20日，美国最高法院公布关税诉讼案裁决结果，判定美国政府依据《国际紧急经济权力 法》对相关贸易伙伴加征的对等关税、芬太尼关税等相关关税违法。商务部新闻发言人表示，中方一贯 反对各种形式的单边加征关税措施，反复强调贸易战没有赢家，保护主义没有出路。中方敦促美方取消 对贸易伙伴加征的有关单边关税措施。 5、当地时间2月21日，美国总统 ...

Cannae (NYSE:CNNE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsBryan Coy - CFOIan Zaffino - Managing DirectorJamie Lillis - Managing Director of Investor RelationsRyan Caswell - CEOConference Call ParticipantsKenneth Lee - VP and Senior Equity Research AnalystOperatorGood afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. 4th Quarter and Full Year 2025 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. ...