9月末的杭州小雨迷蒙，但云栖小镇内的AI热潮，让人感觉暑气并没有消退分毫。 9月24日，2025年的云栖大会如期举办。发布会上，阿里巴巴阿里巴巴集团CEO、阿里云智能集团董事 长兼CEO吴泳铭发表了题为《超级人工智能之路》的演讲。 2024年的云栖大会，是吴泳铭在执掌阿里云一年多以后的首次露面。当时，他表示"生成式AI最大的想 象力，"绝不是在手机屏幕上做一两个新的超级app，而是接管数字世界，改变物理世界。" 如果说一年前的这句话更多还是愿景；那么一年过后，这种愿景已经化为更具象的路线，以及激进行 动。 这次的云栖大会，阿里云端出的新品可以说是目不暇接。比如，新发布旗舰模型Qwen3-Max，这是阿 里通义大模型家族目前性能最顶尖的模型，性能超过GPT5、Claude Opus 4等，在LMArena上位居全球 前三。 除了旗舰模型，阿里另外还发布了六个新模型，包括：下一代基础模型架构Qwen3-Next及系列模型、 千问编程模型Qwen3-Coder、视觉理解模型Qwen3-VL、全模态模型Qwen3-Omni、视觉基础模型 Wan2.5-preview、语音大模型通义百聆。 更值得关注的，是吴泳铭颇为激 ...

Group 1 - The core theme of the news is the unveiling of Alibaba's ambitious vision for Artificial Superintelligence (ASI) at the 10th Yunqi Conference, showcasing a range of AI products and models aimed at achieving this goal [3][4][5] - Alibaba's CEO, Wu Yongming, outlined a three-phase roadmap to ASI: "intelligent emergence," "autonomous action," and "self-iteration," emphasizing that AGI is just the starting point [4][5] - The company plans to invest 380 billion yuan over three years in AI infrastructure, with a tenfold increase in global data center energy consumption by 2032 compared to 2022 [5] Group 2 - The launch of seven significant AI models, referred to as "AI model nuclear bombs," covers various fields including language, vision, and programming, indicating a strategic shift towards a collaborative ecosystem of specialized models rather than a single super brain [6][7] - The flagship model, Qwen3-Max, boasts over one trillion parameters, showcasing advanced reasoning capabilities, while other models like Qwen3-VL and Qwen3-Omni demonstrate integrated visual and multimodal processing abilities [6][7] - The new ecosystem allows developers to leverage standardized capabilities without starting from scratch, aiming to create a prosperous AI environment that ultimately leads to the era of ASI [7]

阿里巴巴集团CEO表示，阿里巴巴正在积极推进三年3800亿的AI基础设施建设计划，并将持续追加更 大的投入；为了迎接超级人工智能（ASI）时代的到来，2032年阿里云全球数据中心的能耗规模将较 2022年提升10倍。 港股互联网板块今日早盘震荡，截至10:11，中证港股通互联网指数上涨0.7%，成分股中，金山云涨超 5%，哔哩哔哩-W、商汤-W涨超3%，小米集团-W、阿里巴巴-W涨超1%。截至昨日，跟踪该指数的港 股通互联网ETF（513040）连续33个交易日获资金净流入，合计超24亿元，规模创下历史新高。 近日，阿里巴巴推出Qwen3-Max大模型，目前该模型的预览版在LMArena文本排行榜上位列第三，超越 了GPT-5-Chat，正式版本在代码能力和智能体能力方面进一步提升，在涵盖知识、推理、编程、指令遵 循、人类偏好对齐、智能体任务和多语言理解的全面基准测试中均达到业界领先水平。 目前，中证港股通互联网指数由港股通范围内30家涉及互联网相关业务的股票组成，前五大成分股为腾 讯控股、阿里巴巴、小米集团、美团、京东健康。指数当前滚动市盈率为26倍，处于2021年发布以来 31%分位处，配置价值显现。港股 ...

Core Insights - Alibaba announced its AI strategy at the "2025 Cloud Habitat Conference" on September 24, introducing the concept of "Super Artificial Intelligence" (ASI) and aiming to create an "Android system for the AI era" with an open-source approach [1] - Following this announcement, Alibaba's stock price surged by 9.16% on the Hong Kong market [1] Group 1: Strategic Partnerships - Alibaba's strategic investment in Huitongda Network (09878) has led to a comprehensive AI collaboration with Alibaba Cloud, focusing on building an intelligent agent matrix and extracting value from data assets [1] - Huitongda has been operating in the domestic sinking market for 15 years, utilizing self-developed digital tools and a supply chain covering over 250,000 family-run stores in towns across seven industries [1] Group 2: AI Implementation - Since 2023, Huitongda has been advancing its AI initiatives by deploying the "Qiancheng Cloud AI Intelligent Model," which is now integrated with Alibaba's Tongyi Qianwen [1] - The application of the "Qiancheng AI Super Store Manager" will enhance marketing efficiency for member stores through various intelligent agents [1] - Huitongda and Alibaba Cloud plan to jointly deploy over 13 AI agents this year, aimed at providing stronger AI support for family-run stores and upstream production enterprises in the sinking market [1]

Core Insights - Alibaba announced its AI strategy at the "2025 Yunqi Conference" on September 24, introducing the concept of "Super Artificial Intelligence" (ASI) and aiming to create an "Android system for the AI era" with an open-source approach [1] - Following this announcement, Alibaba's stock price surged by 9.16% on the Hong Kong market [1] Group 1: Strategic Partnerships - Alibaba's strategic investment in Huitongda Network (09878) has led to a comprehensive AI collaboration with Alibaba Cloud, focusing on building an intelligent agent matrix and extracting data asset value [1] - Huitongda has been operating in the domestic sinking market for 15 years, utilizing self-developed digital tools and a supply chain covering over 250,000 family-run stores in towns across seven industries [1] Group 2: AI Deployment - Since 2023, Huitongda has been advancing its AI initiatives by deploying the "Qiancheng Cloud AI Intelligent Model," which is now integrated with Tongyi Qianwen [1] - The application of "Qiancheng AI Super Store Manager" will enhance marketing efficiency for member stores through various intelligent agents [1] - Huitongda and Alibaba Cloud plan to jointly deploy over 13 AI agents this year, aimed at providing stronger AI support for family-run stores and upstream production enterprises in the sinking market [1]

Group 1 - Alibaba is actively advancing the construction of AI infrastructure with an investment of 380 billion, planning to increase this investment further [1] - Alibaba's CEO stated that the global data center energy consumption will increase tenfold by 2032, indicating an exponential increase in computing power investment [1] - The emergence of Super Artificial Intelligence (ASI) is anticipated, evolving through three stages of intelligence development [1] Group 2 - Xiaomi's CEO announced simultaneous decisions to enter the automotive and semiconductor industries, committing the company's entire resources [1] - Xiaomi's annual speech will focus on the theme of "change," highlighting the importance of dreams and persistence in achieving growth [2] - The upcoming product launch will feature three new models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max, alongside discussions on the Xiaomi Ring chip and Xiaomi car [4] Group 3 - Huawei unveiled its first smartwatch supporting Beidou satellite voice messaging, marking a significant advancement in smart terminal devices [5] - Alibaba Cloud and NVIDIA have partnered to promote the application of Physical AI, providing a comprehensive platform service for enterprises [6] Group 4 - Cathie Wood's ARK Investment Management has re-entered a position in Alibaba, purchasing approximately 16.3 million in American Depository Receipts, marking the first acquisition since 2021 [7] Group 5 - TSMC has not commented on market rumors regarding price increases for its 3nm and 2nm processes, emphasizing a strategy-oriented pricing approach [8] Group 6 - Hisense has commenced construction of its largest overseas industrial park in Thailand, with a planned completion by 2030 [9]

Core Insights - Alibaba's AI strategy is gaining momentum, with significant investments in AI infrastructure and a focus on becoming a leader in the AI era [1][4][5] - The company aims to develop a comprehensive AI ecosystem, integrating large models and cloud computing to create a new generation of computing platforms [2][3][4] - Capital markets have responded positively, with Alibaba's stock price rising significantly following announcements related to its AI initiatives [5][6] Investment and Financial Performance - Alibaba is investing 380 billion yuan in AI infrastructure, with plans for further investments to support exponential growth in computing power by 2032 [1][3] - The latest financial report showed Alibaba Cloud's revenue grew by 26% year-over-year, marking the highest growth rate in nearly three years, while overall net profit increased by 76% [1][4] - The company's market capitalization increased by nearly 300 billion HKD in a single day, reflecting investor confidence in its AI strategy [5] Strategic Partnerships and Innovations - Alibaba Cloud has partnered with NVIDIA to enhance its Physical AI capabilities, integrating NVIDIA's software stack into its AI platform [2][4] - The launch of Qwen3-Max, described as the largest and most powerful model to date, positions Alibaba as a competitive player in the AI model landscape [6] Global Expansion and Market Position - Alibaba Cloud plans to expand its global infrastructure, establishing new cloud computing nodes in Brazil, France, and the Netherlands, while also expanding data centers in several Asian countries [7] - The company aims to replicate its full-stack AI capabilities in international markets, positioning itself alongside Google as one of the few companies with comprehensive capabilities in AI, cloud computing, and large models [7]

"人们误以为数字技术只是工业时代的延续。实际上，数字技术带来的变革与1万年前开启的农业时代或 400年前开启的工业时代同样深远。这两次变革彻底重塑了人类的生活方式，而数字技术是人类的第三 次伟大飞跃。" 美国知名风险投资人、Union Square Ventures（USV）执行合伙人阿尔伯特·温格（Albert Wenger）近日 在北京接受21世纪经济报道记者独家专访时这样说。他表示，以人工智能引领的数字技术在带来巨大机 遇的同时，也给现有的经济与社会结构带来深刻挑战。 作为风险投资者，他常常被问到这样一个问题："下一个大趋势是什么？"在他看来，人们往往关注技术 而忽视了真正的变革。于是，他在《资本之后的世界》（《World After Capital》）中大胆地预言：人类 正在经历第三次非线性巨变——从工业时代迈向知识时代。 温格强调，工业时代向知识时代的转型已在进行中，并引发了巨大的动荡和不确定性。政府、企业与社 会必须共同思考如何利用技术——尤其是人工智能——构建一个更均衡、关注人类整体福祉的知识时 代。"当我们告别工业时代时，我们存在的意义将不再仅仅局限于拥有一份工作或进行无休止的物质消 费。反之 ...

Core Viewpoint - Alibaba's stock price surged by 9.16% on September 24, reaching a four-year high of 174 HKD per share, driven by the announcements made at the 2025 Cloud Summit, including a partnership with NVIDIA and the launch of seven large model products [1][7]. Group 1: Stock Performance - Alibaba's stock has doubled since the beginning of the year, reflecting strong market interest and investor confidence [1][7]. - The company's market capitalization increased by 283.8 billion HKD on the same day [8]. Group 2: AI Investments and Developments - Alibaba announced a significant investment of 380 billion CNY (approximately 380 billion HKD) in AI infrastructure, with plans for further investments [1][6]. - The company launched seven large model products, including Qwen3-Max and Qwen3-Coder, and reported over 300 open-source models available for download [6][7]. Group 3: Future AI Vision - CEO Wu Yongming emphasized that achieving Artificial General Intelligence (AGI) is just the beginning, with a vision for Super Artificial Intelligence (ASI) as the next milestone [2][3]. - Wu outlined a three-stage path to ASI: emergence of intelligence, autonomous action, and self-iteration, positioning large models as the next generation of operating systems [3][4]. Group 4: Strategic Partnerships - Alibaba's collaboration with NVIDIA focuses on various aspects of Physical AI, including data synthesis, model training, and environment simulation [6][7].

Core Viewpoint - Alibaba Group's CEO Wu Yongming introduced the concept of Super Artificial Intelligence (ASI) during the Cloud Summit, emphasizing a significant investment in AI infrastructure and a vision that extends beyond General Artificial Intelligence (AGI) [1][3]. Investment and Infrastructure - Alibaba plans to invest 380 billion yuan (approximately 53.5 billion USD) over three years to build AI infrastructure, indicating a strong commitment to advancing AI technology [3][4]. - The global AI industry has seen over 400 billion USD in investments in the past year, with projections of cumulative investments exceeding 4 trillion USD over the next five years [3]. AI Development Stages - Wu outlined a three-stage roadmap to achieve ASI: intelligent emergence, autonomous action, and self-iteration, currently positioned in the second stage where AI assists humans [3][4]. - The company aims to create an AI ecosystem akin to Android, focusing on open-source development and building a next-generation AI cloud for global smart computing [4]. Market Position and Competition - Alibaba Cloud holds the leading market share in China and is recognized as one of the few companies capable of vertical integration in AI infrastructure and cloud computing [6][8]. - The company emphasizes its international strategy, aiming to compete globally while downplaying domestic rivals [6][7]. Technological Advancements - Alibaba Cloud released seven new AI models, including the Qwen3-Max, which boasts a pre-training data volume of 36 trillion tokens and over a trillion parameters, showcasing advanced coding and tool-calling capabilities [8][9]. - The performance of these models positions Alibaba among the top tier globally, with significant scores in various AI benchmarks [8][9]. Future Outlook - The industry is experiencing rapid investment and innovation, with no visible limits to the capabilities of AI models, indicating a competitive landscape where Alibaba is positioned to benefit significantly from AI advancements [9].