Group 1 - The demand for computing power is surging both domestically and internationally, with Huawei reporting that AGI will be the most transformative driving force in the next decade, predicting a 100,000-fold increase in total computing power by 2035 [3] - China's "Star Computing Plan" aims to deploy 2,800 satellites to build a computing network, with the first 12 satellites of the "Trinity Computing Constellation" successfully launched, marking the entry into the networking phase [3] - By 2030, the "Trinity Computing Constellation" is expected to expand to a scale of 1,000 satellites, achieving a total computing power of 100 billion billion operations per second [3] Group 2 - The satellite internet sector is accelerating in China, providing integrated services across air, space, land, and sea, which can expand traditional internet services to larger areas and promote cross-domain information integration [4] - The Satellite ETF (159206) is the first and largest of its kind in the market, with a fund size of 1.063 billion yuan as of September 17, 2025 [4] - The Ministry of Industry and Information Technology has released a draft for mandatory national standards for intelligent connected vehicles, establishing a safety baseline for product functionality and interaction [3]

Group 1: AI and Technology Developments - DeepSeek's research paper on the DeepSeek-R1 reasoning model has been published on the cover of the prestigious journal Nature, marking it as the first mainstream large language model to undergo peer review [2] - Stanford professor Fei-Fei Li's startup World Labs launched a new 3D AI project called Marble, which generates vast 3D environments from photos, although it still faces challenges in commercial application [3] - Microsoft plans to invest $30 billion in the UK by 2028 to build AI infrastructure, including a supercomputer with over 23,000 advanced GPUs, alongside investments from Nvidia, Google, OpenAI, and Salesforce totaling over $40 billion [4] - Huawei released a report predicting that by 2035, AI will drive significant technological advancements, with a projected 100,000-fold increase in total computing power and a 500-fold increase in AI storage capacity [5] - The World Trade Organization forecasts that AI could boost global trade by nearly 40% and GDP by 12-13% by 2040, emphasizing the need for balanced access to AI technology across countries [6] Group 2: Industry Collaborations and Investments - Lyft and Waymo announced a partnership to launch fully autonomous ride-hailing services in Nashville by 2026, utilizing Lyft's Flexdrive for fleet management [8] - Dongshan Precision announced its AI strategy focusing on high-end PCB and optical module development to meet the surging demand for AI-driven optical chips, particularly in the 800G and above market [9] - AI chip startup Groq completed a $750 million funding round, achieving a post-money valuation of $6.9 billion, with participation from various investment firms [10] - Alibaba strategically invested in Hello Robotaxi, aiming to enhance collaboration in smart driving models and computing platforms, accelerating the commercialization of Robotaxi services [11]

Core Insights - Huawei released the "Intelligent World 2035" series report, which includes key technology trends and their impacts on various industries over the next decade [1][3] - The report emphasizes the transformative potential of Artificial General Intelligence (AGI) and the need for a forward-looking vision to guide technological advancements [1][3] Technology Trends - Trend 1: AGI is expected to be the most transformative force in the next decade, but significant challenges must be overcome to achieve AGI breakthroughs [3][4] - Trend 2: AI agents will evolve from execution tools to decision-making partners, driving industrial revolutions [4] - Trend 3: Development models will change, with human-AI collaboration becoming mainstream, allowing humans to focus on design and innovation [4] - Trend 4: Interaction methods will shift from graphical interfaces to natural language and multi-modal interactions, enhancing user experiences [4] - Trend 5: Mobile apps will transition from standalone functions to AI-driven service nodes, providing users with seamless experiences [4] - Trend 6: New L4+ autonomous vehicles will become part of daily life, creating a "third space" for mobility [4] - Trend 7: The computing field will break free from traditional architectures, leading to disruptive innovations in computing paradigms [4] - Trend 8: Data will become the "new fuel" for AI development, with storage needs projected to increase by 500 times by 2025 [4][5] - Trend 9: The number of connected devices will expand from 9 billion people to 900 billion intelligent agents, marking a shift from mobile internet to intelligent agent internet [4] - Trend 10: Energy will be a critical factor for AI development, with renewable energy expected to surpass 50% of total generation by 2035 [5] Predictions and Implications - By 2035, AI is predicted to help prevent over 80% of chronic diseases and shift health management from reactive to proactive [5] - Over 90% of Chinese households are expected to have smart robots, leading to immersive technological transformations in home environments [5] - AI-driven autonomous decision-making organizations will reshape production paradigms, with AI application rates exceeding 85% and productivity improvements of 60% [5] - The report highlights the role of AI in driving global digital economic growth, with over 70 countries having released AI strategies [5][6] Global Digital Intelligence Index (GDII) - The GDII framework maps traditional economic factors to the digital world, focusing on data, ICT talent, and digital production tools [6] - It aims to provide a comprehensive evaluation model for countries to assess their digital economy's quality and develop precise industrial strategies [6] - The report is intended to guide global digitalization and economic development, fostering collaboration among global customers and partners [6]

马斯克对人形机器人未来的发展是非常看好的，这也被认为是在其特斯拉汽车之外的另一个非常具有大众前景的基础项目，如果100万台的目标在限定期限 内能够实现，那么对于整个AGI市场的应用和发展都是一种非常有益的尝试。在这方面，我们的国内市场对于这个需求也是非常旺盛的，而且参与的企业和 搭建的产业链也逐渐体系化。未来的发展机遇也被寄予厚望。 近日，从特斯拉提交至美国证券交易委员会的文件显示，马斯克已经买入超250万股特斯拉股票，总价值约10亿美元。此前特斯拉给马斯克"授权"了1万亿美 金的薪酬，而解锁万亿美元薪酬的运营目标之一是要求累计交付100万台人形机器人。如果要完成这个目标，那么比较加快人形机器人的量产能力，这也是 为何马斯克越来越重视人形机器人的生产能力和进度了。 不久前，特斯拉正式开通"TeslaAI"官方微博账号，并发布首条博文。该账号在简介中称，主要用于介绍"特斯拉人形机器人、智能辅助驾驶、Robotaxi无人 驾驶网约车、Coetex计算集群"等AI产品。此举也被解读为马斯克加快对人形机器人布局和造势的一种手段，毕竟未来真正量产之后的销售，潜在的市场之 一也会是中国市场，因此提前进行市场培育被认为也是 ...

Report Summary 1. Market Performance - International precious metal futures generally closed lower, with COMEX gold futures down 0.82% at $3,694.60 per ounce and COMEX silver futures down 2.15% at $41.99 per ounce. The shift in major central banks' monetary policies may weaken the US dollar and support the precious metal market [3][43]. - International oil prices fell slightly, with the US crude oil main contract down 0.85% at $63.97 per barrel and Brent crude oil main contract down 0.82% at $67.91 per barrel. The oil market is influenced by both bullish and bearish factors [3][43]. - Most London base metals declined, while LME nickel rose 0.11% to $15,445 per ton. Loose monetary policy expectations may support base metals priced in US dollars [3][44]. - Domestic futures contracts mostly declined, with short - fiber rising over 1%, and 20 - number rubber falling over 2% [4]. 2. Important News Macro News - Hong Kong will cooperate with exchanges in the Greater Bay Area to develop new businesses such as commodity trading and carbon trading [7]. - As of the end of July, the balance of national housing consumer loans (excluding personal housing loans) was 21.04 trillion yuan, a year - on - year increase of 5.34% [7]. - The EU and Indonesia have completed trade agreement negotiations [8]. - The Fed cut the benchmark interest rate by 25 basis points to 4.00% - 4.25%, restarting the rate - cut process [9]. Energy and Chemical Futures - The total refined oil inventory at the Port of Fujairah in the UAE decreased to a record low [12]. - The inventory at Port A in China increased, with different trends in East and South China [12]. - US crude oil exports increased, production decreased, and commercial crude oil inventory decreased [12]. Metal Futures - The复产 expectation of a mining company in Guinea is strengthening [14]. - China's domestic polysilicon effective production capacity is expected to decline [14]. - China's lead and zinc production in August showed year - on - year growth [14]. - Deutsche Bank raised its price forecasts for gold and silver in 2026 [16]. - A mining union in Guinea has issued a strike notice [16]. - China's alumina and electrolytic aluminum production data for August were released [16]. - The supply - demand situation of lithium carbonate, refined nickel, zinc, lead, and tin was reported [17]. Black - series Futures - The online auction of coking coal in Lvliang market showed mixed results [19]. - China's steel, pig iron, and steel product production data for August were released [21]. - Tangshan requires steel and coking enterprises to implement emission reduction measures [21]. - The Dalian Commodity Exchange is soliciting opinions on coking coal futures option contracts [22]. - Representatives of the steel industry in Jiangsu discussed measures to address industry challenges [22]. Agricultural Futures - A meeting on regulating pig production capacity was held, aiming to control the number of sows and adjust pig supply [24]. - Malaysia's palm oil export volume from September 1 - 15 decreased compared to the previous month [25][27]. - The 2025/26 sugar - making season in China officially started [26]. - Malaysia's palm oil production from September 1 - 15 decreased compared to the previous month [26]. - Brazil's sugarcane crushing and sugar production in the second half of August showed year - on - year growth [27]. - Brazil's soybean, soybean meal, and corn export volume forecasts for September 14 - 20 were released [27]. 3. Financial Market Finance - A - shares fluctuated upward, with the auto - parts sector leading the rise. The Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 1.16%, and the ChiNext Index rose 1.95% [31]. - The Hong Kong Hang Seng Index and related technology indexes reached new highs. Southbound funds had significant net purchases [31]. - The Shanghai Stock Exchange is promoting the expansion of the fifth listing standard [31]. - Mindray Medical is preparing for a Hong Kong IPO [32]. Industry - The government calls on leading enterprises to tackle key technologies in the field of network security [33]. - A meeting on pig production capacity regulation was held to adjust next year's pig supply [35]. - The Ministry of Industry and Information Technology is soliciting opinions on intelligent connected vehicle standards [35]. - The Ministry of Industry and Information Technology released a development roadmap for new energy storage technology [35]. - Huawei released a report on future technological trends [35]. - The real estate market in China is showing signs of stabilization [36]. Overseas - US new - home starts and building permits decreased in August [37]. - The US mortgage rate decreased, promoting related activities [39]. - The Bank of Canada cut interest rates for the first time since March [39]. - The Bank of Japan is expected to keep interest rates unchanged [40]. - Japan's exports and imports decreased in August [40]. - The UK's CPI remained high in August, and the central bank may keep interest rates unchanged [40]. International Stock Markets - US stock indexes closed mixed, with the Dow rising 0.57%, the S&P 500 falling 0.1%, and the Nasdaq falling 0.33% [41]. Commodities - Hong Kong plans to take measures to establish an international gold trading market [43]. Bonds - Yields of major Chinese interest - rate bonds generally declined, and the central bank conducted reverse - repurchase operations [45]. - Hong Kong is promoting the development of bond - related business [45]. - The Ministry of Finance and the central bank completed a treasury cash deposit operation [47]. - The floating - rate bond market has expanded rapidly this year [47]. - US Treasury yields rose [47]. Foreign Exchange - The on - shore RMB against the US dollar rose, and the US dollar index also rose [48]. 4. Upcoming Events - There are multiple important events scheduled for September 18, including central bank operations, press conferences, and corporate product launches [51].

"我们预计于2027年底开启L4级试商用，于2030年在部分场景实现L4规模化应用，并最终在2035年达成 大部分场景的L4+级无人驾驶，同时启动L5级的试商用探索。" 9月16日，华为发出了这些预言。 这一天，华为常务董事汪涛代表华为，发布了重磅报告《智能世界2035》（下称2035报告）。 在我们关注的自动驾驶领域，华为预测了上述时间表，并且指出，世界模型技术将支持L3级自动驾驶 的开发，而L4级自动驾驶则依赖AGI（通用人工智能）技术作为基础。 华为还在2035报告中发布了2035年智能世界的十大技术趋势，让我们一起"看见未来"。 01 自动驾驶时间表 在展望未来时，2035报告认为，具身智能将跨越鸿沟，形成多个万亿产业。 而具身智能三大行业领域之一，就是智能驾驶。对此，2035报告更为乐观，称智能驾驶已跨越技术鸿 沟，2035 年将实现L4+ 自动驾驶。 报告回顾说，2022年，基于Transformer 架构、鸟瞰视角（BEV）及占用网络（Occupancy Network）实 现轻地图方案后，智能驾驶行业已成功跨越L2 + 级的技术鸿沟，推动智能驾驶产业进入爆发期。此 后，伴随全球范围内（尤其中国 ...

1. Report Industry Investment Rating - The investment rating for the global economy in the macro and financial sector is (Bullish) [1] 2. Core View of the Report - Overseas funds are continuously flowing into Chinese assets, leading to the rise of popular Chinese concept stocks and new highs in relevant indices. Huawei's report on the future trends of key technologies shows the potential of AGI and AI. The consumption of enterprise - level large - model Tokens in China has increased significantly, and Alibaba has advantages. Ningde Times has high - tech production lines and great potential in the energy storage business. The UK and the US have reached a technology agreement, and the US may set up a mining investment fund. The gold price increase is driven by European and American investors. China's economic policies and international economic trends are also favorable [1] 3. Summary by Related Catalog 3.1 Important Information - Overseas funds are flowing into Chinese assets, with the Nasdaq Golden Dragon China Index reaching a new high since February 2022 and the Hang Seng Tech Index hitting a new high since March [1] - Huawei released the Smart World 2035 series of reports, stating that AGI will be the most transformative driving force in the next decade, and the total computing power of the whole society will increase by 100,000 times in 2035 [1] - The daily average Token consumption of Chinese enterprise - level large models reached 10.2 trillion in the first half of 2025, a surge of 363% compared to the second half of 2024. Goldman Sachs believes Alibaba is in an advantageous position [1] - Morgan Stanley thinks Ningde Times' self - developed production line has high - tech features, with a current utilization rate of over 90%, and it is building new capacity with a target of 1TWh next year [1] - The UK and the US reached a "Technology Prosperity Agreement", and US tech giants will invest over £31 billion in AI and other projects [1] - The rise in the gold price is mainly driven by European and American investors, with significant increases in the US trading session and ETF holdings [1] - The US International Development Finance Corporation is in talks to set up a mining investment fund with a scale of about $5 billion [1] 3.2 Global Economic Logic - China is implementing the "Artificial Intelligence +" action, and the energy storage installation scale will double in three years. In August, a net inflow of $39 billion entered Chinese bonds and stocks [1] - The Federal Reserve has entered an interest - rate cut cycle, and the US Court of Appeals ruled that "reciprocal tariffs" are illegal [1] - US capital goods imports in July reached a record high of $95.8 billion, and the manufacturing industry is accelerating. The eurozone's manufacturing PMI in August exceeded the boom - bust line for the first time since June 2022 [1] - Huawei released the Smart World 2035 series of reports, and Yushu Technology open - sourced a world model - motion architecture for multiple types of robots. Global AI giants are starting a model competition [1]

今日关注 1、据央视新闻，当地时间9月17日，美联储最新的联邦公开市场委员会（FOMC）货币政策会议纪要显 示，美联储决定将联邦基金利率目标区间下调25个基点，至4.00%-4.25%之间。这是美联储自2024年12 月以来的首次降息。 2、9月18日，香港金管局将基准利率下调25个基点至4.50%。 3、商务部定于9月18日举行新闻发布会，介绍近期商务领域重点工作有关情况。 宏观经济 1、国新办举行新闻发布会，介绍扩大服务消费有关政策措施。下一步，我国将选择50个左右消费新业 态新模式新场景试点城市；出台住宿业高质量发展、铁路与旅游融合发展等一系列政策文件；推动人工 智能在服务消费等领域加快应用；用好结构性货币政策工具，增强消费领域资金供给。 2、财政部公布数据显示，今年前8个月，全国一般公共预算收入14.82万亿元，同比增长0.3%。其中， 全国税收收入12.11万亿元，同比增0.02%，为今年以来累计增速首次转正。1-8月，全国一般公共预算 支出17.93万亿元，同比增长3.1%。 3、国务院国资委介绍，"十四五"以来，中央企业资产总额从不到70万亿元增长到超过90万亿元，利润 总额从1.9万亿元增长到 ...

Group 1 - Li Feifei's company World Labs launched the spatial intelligence model Marble, capable of generating large-scale 3D worlds from a single image or text prompt [1] - Marble offers larger scale, more diverse styles, and cleaner geometric structures compared to previous products, supporting free navigation in browsers [1] - Users can export generated worlds as Gaussian point clouds for efficient operation on desktop, mobile devices, and VR headsets, with whitelist testing now open [1] Group 2 - Google partnered with over 60 institutions, including American Express and PayPal, to introduce the AI Payment Protocol (AP2) aimed at creating a secure standard for AI agent payments [2] - AP2 builds trust through "Mandates," using encrypted digital contracts as proof of user instructions, allowing pre-authorization for AI agents to make purchases under specific conditions [2] - The protocol supports real-time purchases and automated tasks without human involvement, with an encrypted version A2A x402 enabling stablecoin payments, and a GitHub repository is available for developers [2] Group 3 - Anthropic plans to invest $10 billion to create enterprise application clones, while OpenAI expects to spend $8 billion on data-related costs by 2030 [3] - Both companies are training AI models to operate various professional software using a "reinforcement learning environment" that simulates enterprise applications [3] - They may hire domain experts to demonstrate task execution, aiming to develop AI as "virtual colleagues" and open new revenue streams [3] Group 4 - Tencent Cloud announced the global launch of its upgraded Intelligent Agent Development Platform 3.0 (ADP3.0), which has seen nearly 600 features launched in the past three months [4] - The platform upgrade includes enhanced knowledge base management, multi-agent collaboration support, global agent visibility in workflows, and instant command capabilities [4] - Targeted industry agents for smart quality inspection and media content processing have been introduced, with Youtu-Agent framework and Youtu-GraphRAG knowledge graph framework set to be open-sourced [4] Group 5 - Disney, Warner Bros., and Universal Pictures filed a lawsuit against Chinese AI company MiniMax, accusing it of unauthorized use of IPs like Spider-Man for AI training [5] - The companies seek restitution for infringement profits and damages of up to $150,000 per infringement, along with a permanent injunction to prevent MiniMax from using related IPs [5] - MiniMax previously faced similar accusations from iQIYI regarding the drama "Canglan Jue," highlighting significant risks in IP imitation within AIGC [6] Group 6 - The AI tool ima has been updated to support audio file uploads in formats like MP3, M4A, WAV, and AAC, enabling automatic generation of transcripts, summaries, and notes [7] - The update includes a screenshot shortcut feature for desktop users, allowing direct questioning, knowledge base addition, or note-taking after capturing images [7] - Mobile note-taking now supports offline editing and creation, with automatic synchronization once reconnected to the internet [7] Group 7 - YouTube introduced a generative AI tool for Shorts creators, incorporating a customized version of Google's text-to-video model Veo 3, enabling low-latency content generation at 480p resolution [8] - The new version allows for sound addition and dynamic effects application to static images [8] - YouTube also launched a "voice-to-song" remix tool based on Google's Lyria 2 and an "AI editing" feature that automatically organizes highlights, adds music, and transitions [8] Group 8 - Figure, a humanoid robotics company, completed a Series C funding round, raising over $1 billion and achieving a post-money valuation of $39 billion, the highest in the embodied intelligence sector [9] - The funding round was led by Parkway Venture Capital, with participation from Nvidia and Intel Capital, aimed at expanding production capacity and building GPU infrastructure [9] - Figure has rapidly progressed since parting ways with OpenAI, launching the Helix end-to-end "vision-language-action" model, with robots capable of complex tasks like folding clothes and sorting packages [9] Group 9 - Huawei released two research reports, "Intelligent World 2035" and "Global Digital Intelligence Index 2025," forecasting key technological trends and their industry impacts over the next decade [10] - The reports predict ten major trends, including AGI as a transformative force, AI agents evolving from execution tools to decision-making partners, and human-machine collaborative programming becoming mainstream [10] - It is anticipated that by 2035, total computing power will increase by 100,000 times, AI storage capacity demand will grow by 500 times compared to 2025, and renewable energy generation will exceed 50% [10] Group 10 - Shopify shared insights on the evolution of its AI assistant Sidekick, recommending a simple architecture, clear tool boundaries, and a modular design approach [11] - The company suggested replacing "golden datasets" with "benchmark truth sets" that reflect real production environments, aligning large language model evaluations with human assessments [11] - Shopify warned about "reward hacking" issues and advised establishing detection mechanisms in advance, combining programmatic validation with semantic evaluation to create a multi-layer reward system [11]

Have you ever questioned the nature of your reality. That was one of the opening lies in the science fiction series Westworld posed to Dolores, an AI powered robotic and the main female character who later developed human consciousness. So I ask you, have you ever questioned the nature of your reality.That involves having human consciousness, understanding your identity, and asserting your self authority to write your own life story rather than allowing others to program it for you. Today, AI is evolving at ...