🇨🇳 LATEST: DeepSeek confirms V4 models will run entirely on Chinese silicon using Huawei chips amid US export restrictions, per The Information. https://t.co/QzuKGNd2Qa ...

从5亿到200亿美元，一年估值翻37倍，Reflection AI凭什么？Meta开源模型失去榜首后，硅谷急需一个新的开源模型标杆，这家由两位前DeepMind核心人物创办的公司，被视为如今Neolabs的领头羊。Reflection AI能否扛起开源大旗，成为美国版DeepSeek？ ...

1、 美国总统特朗普表示，即使霍尔木兹海峡仍大体关闭，也愿意结束对伊朗的军事行动。 他认为对伊 朗战争很可能很快结束，其他国家无需美国军事援助即可重新开放霍尔木兹海峡。美国国防部长赫格塞 思表示，美国当前"首要任务"是寻求一项协议，以结束与伊朗的战事。伊朗总统佩泽希齐扬表示，伊朗 愿意结束战争，但前提是其诉求得到满足，尤其是获得不再遭受侵略的保证。 2、伊朗外交部长阿拉格齐表示，当前局势"并非谈判"，而是通过直接渠道或"地区朋友"进行的信息交 换。 伊朗仍收到来自美方代表威特科夫的信息，但这并不意味着谈判已启动，相关交流主要为"警告或 交换观点"。 他指出， 目前伊朗未与任何特定方展开谈判。 阿拉格齐强调，伊朗未对美国提出的15项 提议作出任何回应，也未提出任何提议或条件。 3、 伊朗伊斯兰革命卫队发布公告称，将中东地区与18家美国信息通信技术和人工智能企业有关的公司 机构作为"合法打击目标"，包括英伟达、苹果、特斯拉、谷歌、Meta、微软、思科、惠普、英特尔、 甲骨文、IBM、摩根大通及波音等。 4、 外交部长王毅同巴基斯坦副总理兼外长达尔在北京举行会谈，双方就海湾和中东地区局势交换意见 并提出五点倡议： ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - **Macro and Financial Markets**: For stock index futures, it is advisable to wait and see regarding the US - Iran situation, and aggressive investors can consider buying on dips. For bond futures, distinguish the impact of funds and fundamentals on bonds and maintain a steep strategy [17]. - **Black Metals**: In the short - term, the black metal market will maintain a volatile trend. Hold the short - wide - straddle strategy for steel and iron ore, and consider shorting on rallies [19]. - **Non - ferrous Metals and New Materials**: Copper prices will fluctuate widely in the short - term, and attention should be paid to the progress of the Middle East situation. Zinc and lead are recommended to be observed. Carbonate lithium will fluctuate widely in the short - term. Industrial silicon will continue to fluctuate, and polysilicon will run weakly [26][30][31]. - **Agricultural Products**: Cotton prices will fluctuate at a high level. Sugar prices will be under pressure and fluctuate. Egg prices are temporarily weak before the Tomb - sweeping Festival, and the futures market maintains a bearish view. Apple prices of high - quality goods may be strong. Corn is recommended to sell out - of - the - money call options. Red dates will fluctuate weakly. Pig futures can be shorted on the near - month contracts [34][37][40][41][42][44][45]. - **Energy and Chemicals**: Crude oil supply is at risk, and prices will fluctuate. Fuel oil will follow the oil price and fluctuate at a high level. Polyolefin prices have some support but may correct. Rubber should be cautious about going long unilaterally. Synthetic rubber should be cautious about chasing up or down. Methanol should be treated with a bullish and volatile view in the medium - to - long - term and beware of short - term corrections. Caustic soda should be treated with an intraday wide - range volatile view. Asphalt will follow the oil price. PVC may correct, and caution is needed. The polyester industry chain should take profit on previous long positions. LPG may continue to weaken. Pulp should pay attention to port inventory and price increases. Logs may see price increases, and urea should be treated with a volatile view [47][49][50][51][52][53][55][57][58][60][61][62][63][64]. 3. Summaries by Directory 3.1 Macro Information - Diplomatic talks between China and Pakistan on the Middle East situation put forward five initiatives to promote peace [9]. - The US and Iran express willingness to end the war, but there are still uncertainties [9][10]. - The central bank's monetary policy committee holds a quarterly meeting, emphasizing the use of various tools to strengthen monetary policy regulation [10]. - China's manufacturing, non - manufacturing, and comprehensive PMI output indexes return to the expansion range in March [11]. - Huawei's revenue and profit increase in 2025, with different growth rates in different business segments [12]. - The US and Israel attack an Iranian steel factory, and the Kansas Fed warns about the impact of the Iran conflict on inflation [14]. - The eurozone's CPI rises in March, and the European Central Bank may raise interest rates [15]. 3.2 Macro Finance - **Stock Index Futures**: A - shares decline, and the market is affected by the US - Iran situation. It is advisable to wait and see, and aggressive investors can buy on dips [17]. - **Bond Futures**: The inter - bank funds are loose, and the short - term bonds are strong. The long - term bonds are affected by inflation expectations. The strategy is to distinguish the impact of funds and fundamentals and maintain a steep strategy [18]. 3.3 Black Metals - **Steel and Ore**: Real estate sales are still weak, and infrastructure projects have slow progress. The demand for building materials is weak, and the demand for coils has a certain decline. The supply of steel is expected to increase, and the cost support is weakened. The black metal market will maintain a volatile trend in the short - term [18][19]. - **Coking Coal and Coke**: The supply of coking coal is sufficient, and the inventory is high. The production of coking enterprises has increased slightly. The price of coking coal and coke may fluctuate in the short - term, and it is recommended to wait and see [21]. - **Ferroalloys**: Manganese silicon may see actual production cuts, but it is still in a surplus situation. It is recommended to short on rallies. Silicon iron is also recommended to short on rallies [22]. - **Soda Ash and Glass**: Soda ash is recommended to wait and see, and glass can be bought on dips for the far - month contracts. The market is affected by geopolitical factors and the cold - repair expectation of glass production lines [23]. 3.4 Non - ferrous Metals and New Materials - **Copper**: The Middle East situation has a moderating trend but is still uncertain. The inventory decline supports the copper price, and it will fluctuate widely in the short - term [26]. - **Zinc**: The inventory of zinc ingots decreases slightly, and the price rebounds weakly. It is recommended to wait and see [26]. - **Lead**: The supply of lead is relatively abundant, and the inventory decline slows down. It is recommended to treat it with a volatile view [27]. - **Carbonate Lithium**: The export ban on lithium mines in Zimbabwe affects the market. The price will fluctuate widely in the short - term [30]. - **Industrial Silicon and Polysilicon**: Industrial silicon will continue to fluctuate, and polysilicon will run weakly. The supply and demand of industrial silicon may improve, and the supply and demand of polysilicon are still in a contradiction [31][32]. 3.5 Agricultural Products - **Cotton**: The price of cotton fluctuates at a high level, affected by energy prices and supply - demand expectations. The global cotton production is expected to decline, and the domestic cotton inventory is in the de - stocking stage [34][35][36]. - **Sugar**: The sugar price is under pressure and fluctuates, affected by supply pressure and import cost. There are different views on the global sugar supply surplus [37][38][39]. - **Eggs**: Egg prices are temporarily weak before the Tomb - sweeping Festival, and the futures market maintains a bearish view due to high inventory [40]. - **Apples**: High - quality apple prices may be strong, supported by low inventory and replenishment demand [41][42]. - **Corn**: It is recommended to sell out - of - the - money call options. The price is affected by policy grain supply and low inventory [42][43]. - **Red Dates**: Red dates are in the consumption off - season, and the price will fluctuate weakly [44]. - **Pigs**: The supply of pigs is strong, and the demand is weak. The near - month futures contracts can be shorted [45]. 3.6 Energy and Chemicals - **Crude Oil**: The supply of crude oil is at risk due to the closure of the Strait of Hormuz. The prices of international crude oil futures fluctuate [47][48]. - **Fuel Oil**: It will follow the oil price and fluctuate at a high level, and the focus is on the reopening of the Strait of Hormuz [49]. - **Plastic**: Polyolefin prices have some support but may correct, and the future trend depends on the end of the war [50]. - **Rubber**: It is recommended to be cautious about going long unilaterally, and pay attention to the impact of synthetic rubber and raw material supply [51]. - **Synthetic Rubber**: Be cautious about chasing up or down, and pay attention to energy prices and device changes [52]. - **Methanol**: It should be treated with a bullish and volatile view in the medium - to - long - term and beware of short - term corrections. Pay attention to the supply in Iran and port inventory [53][54]. - **Caustic Soda**: It should be treated with an intraday wide - range volatile view, affected by coal prices, supply, and exports [55]. - **Asphalt**: It will follow the oil price, and the demand is in the off - season [57]. - **PVC**: It may correct, and the key is the reduction of ethylene production and the solution of the crude oil supply problem [58][59]. - **Polyester Industry Chain**: Take profit on previous long positions, and pay attention to geopolitical impacts, device maintenance, and demand recovery [60]. - **Liquefied Petroleum Gas**: It may continue to weaken, but the price may be relatively stronger than crude oil. The future depends on the development of the US - Iran situation [61]. - **Paper Pulp**: The port inventory increases, and the import cost decreases. Pay attention to port inventory and price increases [62]. - **Logs**: The price may increase, and pay attention to downstream demand and port arrivals [63]. - **Urea**: It should be treated with a volatile view, and the demand is strong [64][65].

Group 1 - Anthropic experienced a significant code leak involving over 510,000 lines of TypeScript code and several core features of its product Claude Code, raising concerns about its security maturity [2] - OpenAI completed a record $122 billion financing round, achieving a valuation of $852 billion, and plans to go public by the end of the year, with significant investments from Amazon, Nvidia, and SoftBank [2] - Huawei aims for global sales revenue of 880.9 billion yuan and a net profit of 68 billion yuan by 2025, with notable growth in its smart automotive solutions business [3] Group 2 - DeepSeek's services experienced disruptions, possibly related to the upcoming release of DeepSeek V4 [5] - Miniso reported a revenue of 6.254 billion yuan for Q4 2025, a year-on-year increase of 32.7%, and an annual revenue of 21.4438 billion yuan, reflecting a 26.2% growth [6] - Vanke achieved a revenue of 233.4 billion yuan in 2025, delivering 117,000 homes and achieving sales of 134.06 billion yuan [6] Group 3 - Nvidia invested $2 billion in Mellanox Technologies to enhance its AI chip supply chain [9] - Amazon's AWS plans to invest 7 trillion won (approximately $4.6 billion) in South Korea by 2031 to expand its AI and cloud infrastructure [9] - Biogen announced a $5.6 billion acquisition of Apellis Pharmaceuticals to strengthen its position in immunology and rare diseases [10]

Core Viewpoint - DeepSeek has experienced significant service disruptions over three consecutive days, raising concerns about its infrastructure and upcoming model releases [1][5][6]. Group 1: Service Disruptions - DeepSeek's services faced interruptions from March 29 to March 31, with outages lasting approximately 1 hour 48 minutes, 10 hours 13 minutes, and 1 hour 3 minutes respectively [1]. - The service disruptions are speculated to be related to the ongoing gray testing of the upcoming V4 model, as the company prepares for its official release [5][6]. - After resolving the service issues, the API documentation did not include any references to the V4 model, indicating potential challenges in the transition to a higher performance architecture [7]. Group 2: Model Development and Innovations - DeepSeek-OCR 2 was released on January 27, 2026, featuring the innovative DeepEncoder V2 method, which allows AI to process images in a more human-like manner by dynamically rearranging image segments based on logical sequences [8]. - The new model achieved a score of 91.09% on the OmniDocBench v1.5 benchmark, representing a 3.73% improvement over its predecessor, while maintaining low computational costs with visual token limits between 256 and 1120 [8]. - DeepSeek-OCR 2's architecture demonstrates the potential of using language model frameworks for visual encoding, paving the way for a unified multimodal encoder capable of extracting features from images, audio, and text [10].

从2026年2月至今，DeepSeek走过了多个预期发布窗口，仍 未正式发布V4，就在市场期待这一模型新品空降时，等来的 却是DeepSeek成立以来最长的一次服务中断。 作者：钱玉娟 封图：图虫创意 3月31日下午17时，"DeepSeek（深度求索）又崩了"再次冲上热搜。约一天前，DeepSeek刚经历 了一次长达12小时的大规模服务中断。 一位模型技术社区负责人表示，从2026年2月至今，DeepSeek走过了多个预期发布窗口，仍未正式 发布V4，就在市场期待这一模型新品空降时，等来的却是DeepSeek成立以来最长的一次服务中 断。 多名国产模型供应商人士推断：此次只有DeepSeek面向C端的产品服务中断，或与模型迭代过程中 进行灰度测试有关。 1月12日，DeepSeek发布了一篇由梁文锋署名的研究论文，提出了Engram条件记忆架构，还探讨 通过可扩展查找实现条件记忆机制，旨在处理Transformer在记忆、训练稳定性和长上下文上的瓶 颈。2月11日，DeepSeek将现有模型上下文窗口从128K扩展至1M Tokens，知识截止时间更新至 2025年5月。 前述技术社区负责人认为，DeepS ...

梦晨 发自 凹非寺 量子位 | 公众号 QbitAI DeepSeek 崩上热搜！ 宕机持续超过 8小时，写论文的、角色扮演的和心情不好找AI吐槽的人也都崩溃了。 But！这不是一次普通的服务中断，反而 被解读为模型升级的前兆 。 就在宕机前，很多用户报告DeepSeek网页版它变了，模型能力大幅提升。 比如经典的用SVG画鹈鹕骑自行车任务，3月29日的DeepSeek，构图和色彩都明显比一周前强。 模型到底有没有真的升级，答案就藏在对话记录里。 首先是身份标识更新，3月29日的版本会稳定的介绍自己为DeepSeek-V3模型。 一周前，同样的问题，它的自我介绍还是模糊的"我是DeepSeek，一款纯文字AI助手……"，对自己的版本号只字不提。 如果说这种变化也可能是偶然，那么知 识截止日期的变化更有说服力 。 在不开启联网搜搜的情况下，现在它知道25年的美国选举结果。但不知道26年2月的大事，有人据此推测 新版本的知识截止日期可能是26年1 月 。 而且DeepSeek这家公司，不预告、不公告，瞧瞧静默升级模型，已经不是第一次了。 DeepSeek真的变了 最后，3月29日DeepSeek 一次性写代码生成 ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Will an isolationist pivot by the U.S. ultimately increase or decrease global defense spending over the next decade?Click here to take the poll and don't forget to share your thoughts in the WSB comments section. Good morning! Here's the latest in trending:Iran war: The world's most populous country warns of 'considerable downside' to growth and Yemen’s Houthis enter the ...

Jonathan Kitchen/DigitalVision via Getty Images Listen below or on the go via Apple Podcasts and Spotify Mistral raises $830M debt to buy chips for AI data center: report. (00:14) DeepSeek experiences longest outage since launch, going offline for seven hours. (01:14) "Stupidly Cheap": Bill Ackman sees 10X potential in Fannie and Freddie amid Middle East conflict. (01:54) This is an abridged transcript. Mistral AI has raised $830M in new ​debt to buy 13,800 Nvidia (NVDA) chips for a ‌data center near ...