（原标题：加大AI基建投资，阿里云要做"AI时代的Android"） 21世纪经济报道记者陶力 杭州报道 从电商到云+AI，再到超级人工智能（ASI），在AI战略的全力投入，让阿里巴巴再次回到巅峰。 9月24日，在2025云栖大会上，阿里巴巴集团CEO、阿里云智能集团董事长兼CEO吴泳铭明确阐述了AI时代下阿里云的核心战略。 他表示大模型是下一代操作系统，而AI云是下一代计算机。"大模型将取代传统OS，成为连接用户、软件与AI计算资源的中间层。" （2025云栖大会现场 本报记者 陶力/摄） 他宣布，公司正积极推进3800亿元的AI基础设施建设，并计划追加更大投入。到2032年，阿里云全球数据中心的能耗规模将比2022年提升10倍。 这一目标预示着阿里云算力投入将指数级增长，为迎接超级人工智能（ASI）时代做准备。此前公布的2025财年第二季度财报显示，阿里云智能 集团收入同比增长26%，创下近三年最高增速。公司整体净利润同比增长76%，表明AI投入已开始产生实效。 受到上述信息的刺激，资本市场也给予了积极回应。截至9月24日下午4点，阿里巴巴港股股价上涨超9%，市值一日增加近3000亿港元。 这意味着，阿里 ...

李勇称，将推动MIPS在中国市场的战略布局，并与生态伙伴合作开发面向边缘AI的解决方案。随着物 理AI在嵌入式计算中的应用增多，市场对开放、模块化的RISC-V处理器技术需求正在提升。MIPS的 Atlas产品组合旨在满足相关需求。 MIPS Atlas产品组合包括处理器IP、软件和工具，致力于支持边缘侧物理AI的规模化部署。该平台提供 虚拟化环境，方便客户在流片前进行IP评估和软硬件协同设计，帮助加速深度嵌入式场景的应用开发。 李勇在半导体行业拥有多年经验，加入MIPS前曾任职于德州仪器（TI），担任过中国华北及华西区区 域总监、汽车业务销售经理等职务，在汽车、工业、通信及企业市场具备业务背景。 MIPS首席执行官萨米尔・沃森（Sameer Wasson）表示："边缘端和终端对物理AI的应用对计算平台提 出了新的要求。作为格罗方德旗下的企业，MIPS能够通过全球资源网络，为不同市场提供定制化产 品。MIPS基于RISC-V架构的IP产品，可为客户提供面向特定工作负载的开放平台。" 2025年9月23日，格罗方德（GlobalFoundries）旗下公司MIPS宣布任命李勇（Alan Li）为中国区业务发 展 ...

Core Viewpoint - Amazon's stock price has been underperforming despite the S&P 500 reaching new highs, with a nearly 40% increase since April, indicating a divergence in market expectations and performance [1][3]. Group 1: E-commerce and Profitability - Amazon's e-commerce revenue growth has slowed, with a year-over-year increase of less than 10% in the past 12 months, yet operating profit surged over 35% during the same period, highlighting significant operational leverage [1]. - The low profit margins in both the U.S. (4.8%) and international markets (2.7%) suggest that Amazon has made remarkable progress in profitability, contributing approximately 55% to its overall valuation [1]. - Amazon's dominant position in the U.S. e-commerce market, significantly ahead of Walmart, provides substantial operational leverage for expansion, allowing for aggressive investments in logistics and fulfillment networks [4]. Group 2: AWS and AI Development - Amazon Web Services (AWS) has become crucial since the rise of artificial intelligence (Gen AI), benefiting from significant investments in AI chip development, such as Tranium and Inferentia, which have been successfully integrated into its infrastructure [2]. - Despite initial struggles in establishing an AI narrative, Amazon has developed top-tier models accessible to developers and enterprise clients, positioning itself favorably against competitors like Microsoft and Google [2]. Group 3: Future Growth and Market Sentiment - The market appears to undervalue Amazon's leadership in e-commerce and cloud computing, which are expected to continue driving operational leverage and support its valuation [3]. - Projections indicate that EBITDA margins could rise from 11% in FY2024 to nearly 14% by FY2027, suggesting significant potential for profit growth [6]. - Despite a decline in revenue growth rates compared to pre-2022 levels, Amazon is expected to continue investing heavily in AI to reduce costs and enhance shareholder value [6]. Group 4: Stock Performance and Investor Sentiment - Amazon's stock price trend remains upward compared to its Nasdaq peers, with current valuations near the 50-week moving average, indicating strong buying support for investors looking to increase their positions [8]. - Although the stock's relative premium prevents analysts from upgrading ratings to "strong buy," maintaining a bullish outlook and strategically adding to positions is considered a viable strategy [8].