北京时间6日上午10点30分，美国拉斯维加斯，在全球"科技春晚"——国际消费电子展（CES）的聚光灯下，继英伟达CEO黄仁勋后，AMD董事长兼CEO 苏姿丰带着AMD的AI全家桶登台亮相。 "自ChatGPT发布以来，使用AI的活跃用户从100万增至10亿，而到2030年使用AI的活跃用户将达到50亿....."，苏姿丰开场大谈AI需求的暴涨，针对这一变 化趋势，AMD的解决方案是最新的MI455X GPU，并且基于72颗MI455X GPU和18颗Venice CPU，打造了一台开放式72卡服务器"Helios"。 苏姿丰强调称，MI455X系列相较于MI355X拥有10倍的性能提升。 AMD同时给出了INSTINCT系列GPU路线图。根据官方说法，2027年要上市的MI500，届时将会导入2nm工艺，采用HBM4e内存，MI500的提升可能是 MI455X的30倍。"未来四年，要实现AI性能1000倍的提升"。 演讲要点： 算力目标： 明确进入 "尧字节级（Yotta-scale）计算时代"，计划未来 5 年将全球 AI 计算能力从 2022 年的 1 泽字节每秒（Zettaflop）提升至10尧字节每秒 ...

韩国流行时尚消费品或许又要火一波了。 韩国流行时尚消费品或许又要火一波了。 emis 中国首家线下门店于2025年 3 月在上海淮海中路开业，随后又在深圳万象天地、成都万象城和杭 州银泰IN77 等商场开设快闪店，扩大品牌辐射力。 而另一家成立于2022年的韩国设计师品牌Rest&Recreation去年4月在杭州万象城开了中国首店后一发不 可收拾，此后又一口气在北京、上海、深圳、重庆等城市开出10多家店铺，且入驻的多为高端商场，被 业内认为是去年开店最猛的一个韩国品牌。 头部企业也早已有所布局。2025年1月，安踏以约500亿韩元收购MUSINSA约1.7%的股份，2025年8 月，双方合资成立"MUSINSA中国"，MUSINSA持股60%，安踏持股40%。 韩国总统李在明日前率200多家韩国中小企业代表访华。5日，在北京举行的韩中商务论坛上，中韩两国 共签署多份合作谅解备忘录。两国企业签署的谅解备忘录涉及消费品、文创内容和供应链领域。 在消费品领域，韩国新世界集团与阿里巴巴国际站签署合作谅解备忘录。新世界集团通过发掘对华出口 潜力商品，在阿里巴巴国际站将韩国商品出口至中国。 李在明5日表示，包括美容产品 ...

Group 1 - The Nikkei average index reached a new high of 52,518.08 points on January 6, marking a 1.32% increase from the previous day, with a rise of 685.28 points [2][4] - Hitachi's stock surged by 7.30%, reaching 5,438 yen, the highest in about two months, driven by a report from Goldman Sachs on January 5 regarding the industrial electronics sector [2][4] - The report highlighted three favorable aspects for Hitachi: infrastructure development for artificial intelligence (AI), AI-related services, and productivity improvements based on AI [4] Group 2 - The Nikkei index experienced a significant rise, with an increase of 690 points to 52,523 points, surpassing the previous historical high of 52,411 points set on October 31, 2025 [4] - The Tokyo Stock Exchange's TOPIX index also broke the 3,500-point barrier, continuously setting new records [4] - Goldman Sachs raised Hitachi's target stock price for the next 12 months to 6,000 yen, an increase of 100 yen from the previous target [4]

来源：环球网 智能积木在外观上延续了乐高经典的2x4积木造型，但内部集成了一台微型电脑。据乐高官方介绍，其 核心采用定制ASIC芯片，在保证体积小巧的同时，实现了低功耗与高性能的平衡。与以往依赖外置电 池的大型组件（如乐高马里奥系列）不同，智能积木支持无线充电技术，进一步提升了使用便捷性。 乐高强调，智能积木的推出旨在打破传统积木的静态玩法，通过内置传感器与无线连接功能，用户可编 程实现灯光、音效及动作反馈，甚至与其他智能设备联动。 此外，乐高发言人杰西卡·本森（Jessica Benson）明确说明，智能积木不具备人工智能（AI）功能，也 没有配备摄像头。虽然设备内部设置了麦克风，但其功能仅限于作为"虚拟按钮"来感知环境声音输入 （例如，用户通过"吹气"动作触发类似生日蜡烛熄灭的效果），绝不会进行任何形式的音频录制。由于 没有摄像头来扫描条码，该系列智能积木与之前的乐高马里奥系列无法兼容。 首批上市的智能积木产品将以《星球大战》系列为主打，共推出三款套装：售价70美元的达斯·维达TIE 战机套装（包含473片积木）、100美元的卢克X翼战机套装（包含584片积木），以及160美元的死星决 斗场景套装（包含9 ...

报告指出，预计大多数互联网企业将通过AI辅助成本优化来改善营运杠杆，部分企业更可能因有效部 署AI代理而实现收入增长加速。随着AI助手工具的快速采用，消费者的工作和生活效率有望提升，从 而有更多时间投入休闲娱乐活动。 花旗发表研究报告指出，2026年内地互联网行业将聚焦于三大主题：一是云端基础设施、模型堆栈和推 理令牌使用的经常性收入增长；二是主要互联网企业竞相抢占AI聊天机器人的用户流量，以期未来生 态系统变现；三是垂直领域企业部署自训练专有数据AI代理，以保持竞争优势并加强用户参与度和变 现潜力。 就中国互联网板块，花旗首选腾讯控股(00700)及阿里巴巴-W(09988)作为核心AI投资概念股。该行维持 腾讯控股"买入"评级，目标价751港元，认为该公司在企业和用户应用方面的AI发展前景良好。对于阿 里巴巴，花旗同样给予"买入"评级，目标价223港元，看好其在云端收入增长和效率提升方面的表现。 花旗预计，旅游和在线游戏的持续需求将支持在线旅游和游戏公司的稳定收益增长，可为投资组合提供 良好的多元化，抵销AI炒作的较高风险。 ...

日本大型证券公司的一把手当中接连有声音预测称日股将继续上涨。日企的良好业绩、活跃并购以及公 司治理改革被寄予厚望。日本交易所集团CEO强调："日本经济、日本企业正以前所未有的程度受到投 资者的关注"…… 1月5日是2026年首个股票交易日，日本大型证券公司的一把手当中接连有声音预测称股市将继续上涨。 大和证券集团总部的荻野明彦社长针对年底的日经平均股价指数预测称，将比1月5日的收盘价上涨两 成，达到62000点。日本企业的良好业绩、活跃并购以及公司治理改革被寄予厚望。 各家证券公司的一把手在日本证券业协会等举办的新年会议上回答了记者的提问。大和证券的荻野社长 表示，2026年股市上涨的原因在于企业业绩提升。同时称："我们希望通过支持企业提高资本效率，助 力日本经济迈入强劲增长阶段"。 野村控股公司社长奥田健太郎就日本在2025年创下历史新高的并购项目数量指出，"这一趋势可能会持 续"。同时明确表示："尤其是吸引过来的海外投资者（对日本股票）的需求，不会发生明显变化"。 SMBC日兴证券社长吉冈秀二表示："机械、防卫相关、药品等可通过人工智能（AI）提升生产效率的 领域值得期待"。 日本交易所集团（JPX）首席 ...

Core Viewpoint - SoftBank Group's Vision Fund has shown strong performance, with total investments reaching $163.2 billion (approximately 25.3 trillion yen) and pre-tax investment returns of about 3.7 trillion yen as of September 30 [2][6]. Group 1: Fund Performance - The Vision Fund's investment returns have rebounded to nearly 3 trillion yen in the July-September quarter, marking a recovery after years of challenges, including the bankruptcy of WeWork [3][4]. - The first Vision Fund has generated a profit of $32.8 billion despite significant losses from WeWork, while the second fund, which started investing in 2019, has faced difficulties with a current loss of $9.1 billion on investments totaling $73.7 billion [7][8]. Group 2: Key Investments - Coupang, a South Korean e-commerce giant, has been the most profitable investment for SoftBank, with a return of 5.7 times the initial investment, reaching a value of $15.6 billion [6][7]. - DoorDash, a U.S. food delivery platform, generated $7.2 billion in profit, with an investment return of 11.7 times, and all shares have been sold [7]. - The second fund's most profitable investments include Beike, Symbotic, and Swiggy, with returns of $1.1 billion, $800 million, and $300 million respectively [7]. Group 3: Future Outlook - The second fund's underperformance is attributed to high entry prices for unlisted stocks, but upcoming IPOs, including Chime and Klarna, are expected to improve performance [8]. - SoftBank's CFO expressed confidence in future IPOs and the potential for recovery in the second fund's performance [8]. - The company plans to invest an additional $22.5 billion in OpenAI, bringing the total investment to $34.7 billion, aligning with the "ALL IN AI" strategy [12].

大规模量产 触发此轮行情的直接导火索是Neuralink的最新动态。当地时间1月1日，马斯克在社交媒体宣布， Neuralink将于2026年启动脑机接口设备的大规模生产，并推进几乎完全自动化的手术方案。与此同时， OpenAI首席执行官萨姆·阿尔特曼支持的Merge Labs正分拆独立，主攻利用超声波读取脑部活动的新技 术路线。 两大科技巨头的动作表明，脑机接口正从单一的科学实验走向多元化的商业竞速。脑机接口(Brain- Machine Interface，BMI，也称BCI)是指在人或动物大脑与外部设备之间创建的直接连接，实现脑与设 备的信息交换。Neuralink是马斯克于2016年创立的脑机接口公司，致力于开发高带宽、低侵入性的脑机 接口技术，旨在帮助治疗神经系统疾病并最终实现人类与AI的共生。 马斯克明确"2026年开始大规模生产"脑机接口设备后，脑机接口相关概念股热度快速攀升，反映出市场 对行业商业化的强烈预期。该公司于2024年1月28日完成了首例脑机接口设备人体移植。截至2025年9 月，全球已有12人植入Neuralink设备，累计使用时间达2000天，总使用时长超过1.5万小时。 该公司 ...

Core Insights - AI is expected to enhance global trade in the long term by reducing trade costs and increasing productivity, with WTO projecting a growth in global trade volume by 33.7% to 36.7% from 2025 to 2040, driven by lower trade costs, improved AI services, and productivity in tradable sectors [1] Group 1: AI-Related Product Exports - Global AI-related product exports are projected to reach $3.1 trillion in 2024, a 10.1% increase from 2023, accounting for 14.5% of total exports, up 1.2 percentage points [2] - The top three regions for AI-related product exports are Mainland China ($633.6 billion), Hong Kong ($355.4 billion), and Taiwan ($310.6 billion), with Mainland China's share of total exports at 17.7% [2] - The export structure from Mainland China is balanced between intermediate goods (68%) and equipment (31%), compared to other major economies [2] Group 2: AI-Related Product Imports - The U.S. has seen a significant increase in AI-related product imports, with a year-on-year growth of 27% in August 2025, driven by a surge in private sector investment in information processing equipment [3] - AI-related products accounted for 20.7% of total U.S. imports in August 2025, an increase of 5.5 percentage points from the previous year, with a notable rise in the share of AI-related equipment imports [3] Group 3: China's AI-Related Product Export Trends - From December 2024 to November 2025, Mainland China's AI-related product exports are expected to reach $690.3 billion, a 9.7% year-on-year increase, although still below the levels seen in July 2022 [4] - The contribution of AI-related products to China's monthly export growth is projected to be approximately 1.7 percentage points in 2025, up from 1.4 percentage points in 2024, with a contribution rate of 32% [4] - Direct trade between China and the U.S. in AI-related products is relatively low, with only 8% of U.S. imports coming from Mainland China [4] Group 4: AI-Related Services Exports - AI-related services, which include telecommunications, computer, and information services, are also experiencing growth, with exports reaching $70.8 billion by October 2025, a 13.5% increase year-on-year [5] - China is positioned to gain competitive advantages in AI-related services in developing economies, with 81% of low-income economies using open-source AI models from China [5]

Core Viewpoint - The article discusses the impact of AI on global trade, highlighting its potential to reduce trade costs and enhance productivity, which is expected to drive trade growth significantly from 2025 to 2040, with global trade volume projected to increase by 33.7% to 36.7% [2] Group 1: AI-Related Product Exports - Global AI-related product exports are projected to reach $3.1 trillion in 2024, a 10.1% increase from 2023, accounting for 14.5% of total exports, up by 1.2 percentage points [3] - The top three regions for AI-related product exports are Mainland China ($633.6 billion), Hong Kong ($355.4 billion), and Taiwan ($310.6 billion), with Mainland China's share of total exports at 17.7%, relatively low among major economies [3] - The export structure from Mainland China is balanced between intermediate goods (68%) and equipment (31%), although intermediate goods remain dominant [3] Group 2: AI-Related Product Imports - The United States has seen a significant increase in AI-related product imports, driven by a surge in private sector investment in information processing equipment, with a year-on-year increase of 26% in Q2 2025 [4] - By August 2025, AI-related product imports in the U.S. grew by 27% year-on-year, with these products constituting 20.7% of total imports, an increase of 5.5 percentage points from the previous year [4] Group 3: China's AI-Related Product Export Trends - From December 2024 to November 2025, Mainland China's AI-related product exports are expected to reach $690.3 billion, a 9.7% increase year-on-year, although still below the levels seen in July 2022 [5] - The contribution of AI-related products to China's monthly export growth is modest, with a year-on-year increase of approximately 1.7 percentage points in early 2025, compared to 1.4 percentage points in 2024 [5] - In comparison to other economies, AI-related products have driven nearly all export growth in Taiwan, Malaysia, Singapore, and Thailand, while countries like South Africa and Brazil have seen minimal impact [5] Group 4: AI-Related Services Exports - AI-related services, which include telecommunications, computer, and information services, are also experiencing accelerated growth, with exports reaching $70.8 billion by October 2025, a 13.5% increase year-on-year, surpassing the growth rate of AI-related products [6] - China is positioned to gain a competitive advantage in AI-related services in developing economies due to lower unit costs, with 81% of low-income economies using open-source AI models from China [6]