Core Insights - IREN is positioned to be a significant beneficiary as the demand for AI infrastructure grows, particularly in the context of energy supply constraints [1][13] - Smaller market cap AI stocks, like IREN, have the potential to outperform larger tech giants, referred to as the "Magnificent Seven," by 2030 due to their higher revenue growth potential [1][2] Company Overview - IREN has transitioned from a crypto mining operation to focus on AI infrastructure, with data centers specifically designed to handle AI workloads [5] - The company has a robust pipeline of 3 gigawatts of energy capacity ready for deployment, which is critical as energy becomes a bottleneck for AI innovation [5][8] Competitive Advantage - IREN has secured land and gigawatt capacity that will be operational ahead of competitors, including a 1.4 gigawatt site in Texas set to start in April and a 600 megawatt site expected in 2027 [8][9] - Compared to competitors like Cipher Mining and Nebius, IREN is advancing its data center preparations more rapidly, with a multi-gigawatt development pipeline [9] Market Demand - The demand for AI computing capacity is projected to grow significantly, with OpenAI's computing needs tripling from 200 megawatts in 2023 to 1.9 gigawatts by 2025, correlating with a revenue increase from $2 billion to $20 billion [7][10] - Major tech companies, including Meta Platforms and Microsoft, are investing heavily in AI infrastructure, indicating a strong market trend towards increased gigawatt capacity [10][11][12] Industry Outlook - The global demand for AI computing capacity is expected to rise, with IREN leading the competition in securing necessary energy resources [13] - Tech giants are committing to higher spending on AI this year compared to 2025, positioning IREN as a likely outperformer against established tech leaders [13]

Investment Rating - The report assigns an "Accumulate" rating for the cultural communication industry [1]. Core Insights - The upcoming launch of ChatGPT advertisements and the significant growth of Kuaishou's Keling AI, which has surpassed 12 million monthly active users, indicate a rapid commercialization of AI applications [3][6]. - The report highlights the continuous iteration of Keling AI's products, which has contributed to its user growth and revenue increase, with a monthly revenue exceeding 20 million USD in December 2025 [12][15]. - The report emphasizes the potential for innovative advertising models and content creation in the AI sector, suggesting a favorable outlook for both consumer and business applications [15]. Summary by Sections Industry Overview - The media index increased by 1.9756% from January 16 to January 23, 2026, outperforming the Shanghai and Shenzhen 300 index, which decreased by 0.62% [16]. - The report recommends focusing on vertical segments with high growth potential, listing companies such as Kailing Network, 37 Interactive Entertainment, and Perfect World as key investment targets [16]. AI Developments - OpenAI's advertisement testing is limited to adult users in the U.S. using the free version or the new "ChatGPT Go" subscription, ensuring that paid users and minors do not see ads [6][9]. - The advertisement model will charge based on impressions (CPM), differentiating it from traditional click-based models [7]. Keling AI Performance - Keling AI's monthly active users reached over 12 million as of January 2026, driven by product updates and features like motion control [12][15]. - The app ranked first in download charts in multiple countries and saw a 350% increase in paid users month-over-month [15]. Market Trends - The report notes a strong demand for AI applications in both consumer and business sectors, with expectations for innovative advertising and content creation models [15]. - The report suggests that the gaming and entertainment sectors are likely to benefit from advancements in AI technology, with a focus on new content formats and user engagement strategies [15].

格隆汇1月24日｜OpenAI首席执行官萨姆 · 奥特曼（Sam Altman）在 X 平台发布推文，宣布在未来 1 个 月时间里，OpenAI 将推出多个 Codex 相关产品，首款产品将于下周推出。 Codex 是一套高度成熟的智 能编程辅助生态系统，不再仅仅是一个 API 接口，而是集模型、工具和工作流于一体的"AI 软件工程 师"。 奥特曼重点介绍了 AI 编程安全方面，认为对世界最有利的做法是快速修复安全漏洞。在发布该 推文同时，OpenAI 官网还发布技术博文，深度揭秘其跨平台本地软件智能体 Codex CLI 的核心逻辑"智 能体循环"（Agent Loop）。 该循环负责编排用户、模型与工具间的交互，通过将用户指令转化为 Token 输入模型，执行推理并调用工具（如文件操作），直至生成最终回复。 ...

数据支持 | 勾股大数 据（www.gogudata.com） 作 者 | 城北徐公 当达沃斯论坛的精英们还在为 AI 伦理吵得面红耳赤时， OpenAI 政策主管克里斯·莱恩扔出了一颗"硬件深水炸弹"： 将于 2026 年下半年，推出首款 AI 设备，无屏幕、语音核心、 10-15 克可穿戴设计。 年度计划出货量高达 4000 万 -5000 万台！ 目前外界猜测，它可能是一支笔，也可能是一种形似豆荚的耳机（ Sweetpea ）…… 无论如何，一旦它真的能这么快达到这个量级， " 10 至 15 克"、"无屏幕"、"取代应用程序"等关键词，无疑是在向统治了世界近 20 年的 智能手机宣战。 这本质上是一次豪赌。 赌的并不是能不能做出这款产品。 而是市场、乃至整个人类社会是否愿意放弃 "所见即所得"的安全感，去拥抱"所说即所得"的未知。 最终我们看到的，到底是改变世界的黑科技，还是一坨昂贵的电子垃圾？ （此前互联网上流传的 " Sweetpea "概念图） 颠覆性创举 01 无屏幕设计的最大的难点是传感器。 无屏幕意味着无法通过视觉反馈确认用户意图，只能靠多模态传感器来 "感知"外界。 也就是说， AI 设 ...

Core Viewpoint - The departure of Jerry Tworek from OpenAI highlights the growing divide between AI research and commercialization, emphasizing the need for risk-taking in foundational research that is increasingly difficult in a competitive corporate environment [3][4][5]. Group 1: Departure and Industry Insights - Jerry Tworek's exit from OpenAI was met with shock among employees, indicating his significant influence within the company [3][10]. - Tworek criticized the AI industry for a lack of innovation, stating that major companies are developing similar technologies, which pressures researchers to prioritize short-term gains over experimental breakthroughs [4][5]. - He pointed out that Google's success in catching up with OpenAI was due to OpenAI's own missteps, including slow actions and failure to leverage its initial advantages [4][5]. Group 2: Organizational Challenges - Tworek identified organizational rigidity as a barrier to innovation, where team structures limit cross-team research and collaboration [4][22]. - He expressed concern that the current state of the AI industry resembles a soap opera, where personal movements and internal conflicts overshadow genuine research progress [6][7]. Group 3: Future Research Directions - Tworek emphasized the importance of exploring new research paths rather than following the mainstream trajectory, advocating for more diversity in AI model development [30][31]. - He highlighted two underexplored areas: architectural innovation beyond the Transformer model and the integration of continual learning into AI systems [45][47]. - Tworek believes that significant advancements in AI will require a shift away from the current focus on scaling existing models and towards more innovative approaches [26][28]. Group 4: AGI and Industry Evolution - Tworek updated his perspective on the timeline for achieving AGI, acknowledging that while current models are powerful, they still lack essential capabilities like continuous learning and multimodal perception [49][50]. - He noted that the rapid evolution of AI technology and increasing investment in the field could lead to breakthroughs sooner than previously anticipated [51].

苹果 App Store 搜索结果将出现更多广告，3 月底前覆盖全球 小米新 SU7 预售 15 天小定近 10 万 苹果高层重组：费德里吉掌舵苹果 AI，Ternus 接班库克呼声升高 英特尔股价五个月翻倍后急跌，高估值遭质疑 推理成本超预期 23%，Anthropic 毛利率预测降至 40% Kimi 新模型即将发布，月之暗面估值升至 48 亿美元 ⚕️ 钟南山：AI 不是替代医生，而是解决看病难的关键技术 研究：最强大模型的视觉能力不如 6 岁小孩 马斯克：人类需尽快「多星球化」，AI 或在今年超越人类 三星 2nm 芯片 Exynos 2600 跑分曝光，GPU 性能媲美骁龙 8 Elite Gen 5 Qwen3‑TTS 上线：覆盖 10 语种，1.7B/0.6B 模型同步开源 广州发布 AI 就医助理「穗小伊」，阿福 App 全面接入本地医疗服务 宜家入局即时零售，覆盖 9 城 13 店 第 98 届奥斯卡提名揭晓：《罪人》领跑，《F1》入围最佳影片 华强北「爆改」iPhone Air：直接上实体 SIM 卡槽 周末也值得一看的新闻苹果 App Store 搜索结果将出现更多广告，3 月底前覆盖全 ...

编辑｜Panda 刚刚，OpenAI CEO 山姆・奥特曼发了一条推文：「从下周开始的接下来一个月，我们将会发布很多与 Codex 相关的激动人心的东西。」他尤其强调了网络安全这 个主题。 当然，和奥特曼的很多推文一样，这条推文也收获了网友的各式各样的评论： 似乎是响应奥特曼的 Codex 发布预告，OpenAI 官方也发布了一篇技术博客，以「 揭秘 Codex 智能体 循环 」为题，深入揭秘了 Codex CLI 的核心架构 —— 智能 体循环（Agent Loop）。 博客地址：https://openai.com/index/unrolling-the-codex-agent-loop/ 具体来说，其中详细介绍了它如何通过 Responses API 协调用户指令、模型推理与本地工具执行（如 Shell 命令），并重点阐述了通过保持「提示词前缀一致」来 触发缓存优化性能，以及利用自动压缩技术管理上下文窗口，从而在保证数据隐私（ZDR）的前提下，实现安全、高效的自动化软件开发。 下面我们就来详细看看这篇博客的内容。 揭秘 Codex 智能体循环 Codex CLI 是 OpenAI 的跨平台本地软件智能体 ...

▲ 戳蓝 色字关注我们！ "技术的爆发从来不是线性演进，而是在临界点处瞬间重构世界。"——凯文·凯利 去年这个时候,我把ARK的Big Ideas 2025打印出来,一边阅读一边用荧光笔划重点,结果真的提前上车了几波小风口，可惜去年没有做文章分 享。 就在昨天,今年木头姐的Big Ideas 2026刚刚发布,我熬夜啃完128页报告后,忍不住用一篇文章的篇幅来分享我的读书笔记——因为这次她直接 把话说明白了:到2030年,全球GDP增速可能从现在的3%飙到7.3%,而这波增长里面藏着的13个赛道,马斯克已经在ALL IN了。 今天这篇文章信息密度极高,建议先收藏防止刷走找不到。我会把这份报告拆成5个部分来讲: 每个部分最后我都会告诉你,普通人能抓住什么机会。废话不多说,直接开干。 一、AI基础设施：三年翻三倍的投资狂潮，英伟达霸权松动 先说个震撼的数字:2025年,全球数据中心的投资是5000亿美元,年增长率从过去的5%直接跳到29%。木头姐预测,到2030年这个数字会冲到 1.4万亿美元——三年翻三倍。 你可能觉得这只是芯片厂在烧钱,但木头姐在报告里画了张图,把铁路时代、电气化时代、互联网时代的投资曲线都拿 ...

（ 腾讯研究院ima AGI知识库二维码） 推 荐 阅 读 每周50关键词 把握全局AI动态 点击 关键词 可查看资讯概述 | 类别 | Top关键词 | 主体 | | --- | --- | --- | | 算力 | Colossus 2 | xAI | | 芯片 | AI5芯片 | 特斯拉 | | 模型 | GLM-4.7-Flash | 智谱AI | | 模型 | Step3-VL-10B | 阶跃星辰 | | 模型 | Model 1 | DeepSeek | | 模型 | LFM2.5- | Liquid AI | | | 1.2B-Thinking | | | 模型 | 重思考模式 | 美团 | | 应用 | 广告启动 | OpenAI | | 应用 | ChatGPT Translate | OpenAI | | 应用 | FLUX.2 Klein | Black | | | | Forest Labs | | 应用 | 3D Studio 1.2 | 混元 | | 应用 | 永久记忆 | Anthropic | | 应用 | Design Agent | 昆仑万维 | | 应用 | 技能商店 ...

文 | 版面之外，作者｜画画 2026 年初的达沃斯，有点热闹。 这个滑雪胜地挤满了全球AI界最有权势的人。 英伟达的黄仁勋、OpenAI 的萨姆·奥特曼、DeepMind 的哈萨比斯、微软的纳德拉、Anthropic 的阿莫迪，说这届达沃斯是一场AI盛会，也丝毫不为过。 在会场里，大家聊得最多的自然还是 AI。不过，大多数人讨论的还是比较虚的话题，比如，AI 到底有没有像人一样的意识？它会不会取代人类？这种讨 论听起来很高级，但总让人觉得有点飘在空中。 直到微软 CEO 纳德拉站出来讲话，他谈论的是：工厂、能效比、总体拥有成本（TCO）以及每瓦特电力能产出多少 Token。 纳德拉在现场甚至抛出了一个极其肯定的判断：未来的 AI 竞争，本质上就是一场关于Token 工厂的效率战争。 说白了，AI的竞争就是盖工厂、算成本、比效率。 这个观点在此时显得格外引人注目。因为它不仅呼应了马斯克此前的一个预言：未来货币本质上将是瓦特。 纳德拉的思考，更是在遥远的东方找到了回响。 在关于 Token 价格战和大规模调用的战役中，张一鸣领导下的火山引擎，已经默默在Token 工厂这条路上跑了很久。 这一次，纳德拉坐在了张一 ...