记者丨雷晨 编辑丨朱益民 上海徐汇知春创新中心里，久未公开露面的字节跳动创始人张一鸣，以人才培养者的新身份 分享了他对创新与教育的思考。 10月9日，上海徐汇知春创新中心正式开业，字节跳动创始人张一鸣久违露面并发言。这位低 调的互联网巨头创始人与上海交通大学ACM班创始人俞勇教授共同发起了这一民办非营利性 机构，该中心将面向对泛计算机与人工智能感兴趣的年轻人开放招聘。 他提出，创新中心希望培养的是思维活跃、富有热情与韧性的青年人才，鼓励他们独立思 考、重视实践，保持长期主义视角，在探索中成长，并学会以平常心拥抱不确定性。 张一鸣的人才观源于他丰富的创业实践。2012年，字节跳动在知春路的一间民宅中创立。 在当时，真正下决心做推荐引擎的公司很少，失败的很多。但张一鸣认为，如果不解决个性 化问题，只做微创新，也许能拿到一些移动互联网的红利，但不可能取得根本的突破。 这种"从根本上解决问题"的思维方式成为字节跳动产品开发的核心哲学。 张一鸣 图源：知春创新中心 2021年5月20日，张一鸣发布内部全员信，宣布卸任字节跳动CEO一职。字节跳动联合创始人 梁汝波接任成为新CEO。 谈及卸任原因，张一鸣表示，虽然公司业务 ...

Group 1 - The core viewpoint of the article is that Moer Thread has successfully passed the IPO review and submitted its registration for listing on the Sci-Tech Innovation Board [1] - Moer Thread focuses on the research, design, and sales of GPUs and related products, aiming to provide computing acceleration platforms for high-performance computing fields such as AI and digital twins [1] - The company plans to raise approximately 8 billion yuan through its IPO, which will be invested in the development of new generation AI training and inference integrated chips, new generation graphics chips, and new generation AI SoC chips, as well as to supplement working capital [1] Group 2 - Moer Thread was established in 2020 and has developed a fully functional GPU as its core product [1] - The IPO was accepted on June 30, 2025, and entered the inquiry stage on July 17 of the same year [1] - The company is now in the final stages of its listing process after receiving approval on September 26 [1]

Core Viewpoint - Moer Technology has successfully passed the listing review by the Shanghai Stock Exchange, aiming to raise 8 billion yuan for the development of new AI and graphics chips, amidst a competitive GPU market landscape [1][2]. Group 1: Company Overview - Moer Technology focuses on the research, design, and sales of GPUs and related products, having launched four generations of GPU architectures since its establishment in 2020 [1]. - The company aims to provide computing acceleration platforms for high-performance computing fields such as AI, digital twins, and scientific computing [1]. Group 2: Financial Performance - In the first half of 2025, Moer Technology achieved a revenue of 702 million yuan, surpassing the cumulative revenue from 2022 to 2024 [2]. - The company reported net losses of 1.271 billion yuan in the same period, with a trend of increasing revenue and narrowing losses from 2022 to 2024 [2]. - Moer Technology anticipates continued revenue growth, with a potential for profitability by 2027, including government subsidies [2]. Group 3: Market Position and Strategy - As of 2024, Moer Technology holds less than 1% market share in its respective segments for AI computing, graphics acceleration, and smart SoC products in the domestic market [3]. - The company acknowledges the strong market position of international leaders and aims to enhance product competitiveness and expand market share through its fundraising projects [3]. - Moer Technology is currently negotiating customer orders totaling over 2 billion yuan, with significant potential in the AI computing sector [2].

Group 1 - The core viewpoint of the news is that Moer Thread has successfully passed the listing review by the Shanghai Stock Exchange, aiming to raise 8 billion yuan for the development of new AI and graphics chips [1] - Moer Thread focuses on the research, design, and sales of GPUs and related products, having launched four generations of GPU architecture since its establishment in 2020 [1] - The company’s founder, Zhang Jianzhong, previously held senior positions at NVIDIA, indicating strong leadership in the tech industry [1] Group 2 - In the first half of 2025, Moer Thread achieved a revenue of 702 million yuan, surpassing the cumulative revenue from 2022 to 2024, although it reported a net loss of 271 million yuan during the same period [2] - From 2022 to 2024, the company’s revenues were 46 million yuan, 124 million yuan, and 438 million yuan, with net losses of 1.84 billion yuan, 1.67 billion yuan, and 1.49 billion yuan respectively, showing a trend of increasing revenue and narrowing losses [2] - The company anticipates continued revenue growth and aims to achieve profitability by 2027, factoring in government subsidies, with a projected slight profit excluding these subsidies [2] Group 3 - In 2024, Moer Thread's market share in the domestic AI computing, graphics acceleration, and smart SoC product segments is less than 1%, reflecting strong competition from international leaders and other domestic startups [3] - The company believes that the implementation of its fundraising projects will enhance product competitiveness, solidify existing market share, and enable breakthroughs in emerging markets such as edge computing and smart cockpits [3]

Core Viewpoint - The IPO of Moore Threads has been approved, positioning the company as a potential leader in the domestic GPU market, focusing on AI and high-performance computing solutions [2][3]. Company Overview - Moore Threads specializes in the research, design, and sales of full-function GPUs, aiming to provide computing acceleration platforms for AI, digital twins, and scientific computing [5]. - Since its establishment in 2020, the company has developed a complete product matrix covering AI computing, high-performance computing, and graphics rendering, achieving a full-stack AI product line [5]. - The company is one of the few domestic GPU manufacturers capable of supporting full computational precision from FP8 to FP64 and has launched four generations of GPU architectures [5]. IPO Details - The IPO is expected to raise 8 billion yuan, with funds allocated for the development of new AI chips, graphics chips, and AI SoC chips, as well as to supplement working capital [6]. - The review process for the IPO took only 88 days, reflecting improved efficiency in the Sci-Tech Innovation Board's review process [8]. Financial Performance - In the first half of 2025, Moore Threads reported revenue of 702 million yuan, with a net loss of 271 million yuan. Revenue has shown a consistent increase from 46 million yuan in 2022 to 4.38 billion yuan in 2024 [9]. - The company anticipates significant revenue growth in AI computing products starting in 2024, with projected orders amounting to approximately 2 billion yuan [9][10]. - Moore Threads expects to achieve profitability by 2027, with revenue primarily driven by AI computing products during the forecast period [10]. Leadership and Shareholding - The founder and CEO, Zhang Jianzhong, holds 11.06% of the company shares and has a significant influence over the company through various holding platforms, controlling a total of 36.36% of the shares [10]. - Zhang Jianzhong has extensive experience in the GPU industry, having previously served as NVIDIA's global vice president and general manager for China [11].

Core Viewpoint - The Shanghai Stock Exchange's Listing Review Committee has approved the initial public offering (IPO) of Moore Threads Intelligent Technology (Beijing) Co., Ltd., confirming that the company meets the issuance, listing, and information disclosure requirements [1] Group 1: Company Overview - Moore Threads was established in 2020 and focuses on developing full-featured GPUs to provide computing acceleration platforms for high-performance computing fields such as AI, digital twins, and scientific computing [1] - The company has successfully launched four generations of GPU architectures and has expanded its product matrix to cover applications in AI intelligent computing, cloud computing, and personal intelligent computing [1] Group 2: Fundraising and Projects - The funds raised from this IPO will be used for the development of the next generation of self-controlled AI training and inference integrated chips, self-controlled graphics chips, and self-controlled AI SoC chips, as well as to supplement working capital [2]

Core Viewpoint - The company Daoshi Technology (300409.SZ) indicates that its investee company Chip-Peison's APU chips and Cambricon's chips have overlapping applications in the field of scientific computing [1] Group 1: Company Insights - Daoshi Technology's investee company Chip-Peison focuses on APU chips and servers that accelerate atomic-level scientific computing [1] - Cambricon's chip products are utilized in the Nanjing Intelligent Computing Center, covering various applications including scientific computing [1]

Core Viewpoint - The company, Moore Threads, has updated its IPO prospectus, indicating a significant increase in projected revenue for the first half of 2025, while still facing substantial net losses in the coming years [1][2]. Financial Performance - For the first half of 2025, the company expects to achieve revenue of 702 million yuan, surpassing the total revenue of the past three years [1]. - The projected net loss for the first half of 2025 is 271 million yuan, with expectations of achieving consolidated profitability by 2027 [1]. - Historical revenue figures show 46.088 million yuan in 2022, 124 million yuan in 2023, and 438 million yuan in 2024, with net losses of 1.84 billion yuan, 1.673 billion yuan, and 1.492 billion yuan respectively for those years [1][2]. Research and Development - The company has invested heavily in R&D, with cumulative R&D expenditures of 3.81 billion yuan from 2022 to 2024, representing approximately 626.03% of its total revenue during the same period [3]. - The R&D investment as a percentage of revenue was notably high, with 79.33% in the first half of 2025 and over 300% in previous years [2][3]. Market Position and Compliance - Moore Threads aims to meet the listing standards of the Shanghai Stock Exchange's Sci-Tech Innovation Board, which requires a market value of no less than 1.5 billion yuan and recent annual revenue of at least 200 million yuan [3]. - The company anticipates a post-IPO market value of no less than 1.5 billion yuan, aligning with the required standards for listing [3].

Core Viewpoint - Moore Threads is seeking to raise 8 billion RMB through an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, focusing on the development and sales of GPUs and related products for high-performance computing applications [1] Company Overview - Moore Threads, established in 2020, specializes in the research, design, and sales of full-featured GPUs, targeting AI, digital twins, and scientific computing sectors [1] - The company operates under a Fabless model, outsourcing wafer manufacturing and other processes to specialized firms [1] Market Position - The global integrated circuit industry is largely dominated by major international players like NVIDIA and AMD, while domestic companies are gaining market share through close customer service and rapid response capabilities [1] - Moore Threads has made significant strides in performance metrics, with its MTT S80 graphics card nearing the performance of NVIDIA's RTX 3060 [2] Fundraising Allocation - The funds raised will be allocated to several projects, including: - Development of next-generation AI training integrated chips - Development of next-generation graphics chips - SoC chip development - Supplementing working capital - The total amount targeted for these projects is 800 million RMB [3] Financial Performance - Projected revenues for Moore Threads are approximately 46.09 million RMB in 2022, 124 million RMB in 2023, and 438 million RMB in 2024, with net losses of around 1.84 billion RMB, 1.67 billion RMB, and 1.49 billion RMB respectively [3][5] - The company has a total asset value of approximately 708.24 million RMB and a total liability of about 259.24 million RMB as of 2024 [5] - The debt-to-asset ratio is projected to be 36.60% in 2024, a significant improvement from 62.15% in 2023 [5]

Core Viewpoint - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming to enhance the efficiency and service level of public computing resources, promoting high-quality development in computing power through 16 key tasks across six areas [1][2]. Group 1: Key Tasks and Areas - The action plan outlines six main areas: strengthening the foundation of computing power interconnection, optimizing computing facilities interconnection, promoting resource sharing, innovating business interconnection, creating application scenarios, and ensuring network and data security [2]. - Specific tasks include tackling core technology challenges, establishing standards and norms, and developing interconnection rules [2]. Group 2: Application Scenarios - The plan promotes the application of computing power interconnection in enterprise-level scenarios such as artificial intelligence, scientific computing, intelligent manufacturing, remote medical care, and consumer-level scenarios like intelligent driving, cloud rendering, cloud computing, and cloud gaming [2]. - It encourages the integration of computing power interconnection with energy internet, industrial internet, and mobile internet for innovative applications [2]. Group 3: Implementation Support - To ensure the successful implementation of the action plan, the Ministry will enhance resource investment and create a supportive environment through policies, funding, talent, and resource allocation [2]. - The plan emphasizes the cultivation of enterprises and optimization of the industry ecosystem, supporting backbone computing power enterprises, high-tech companies, and specialized small and medium-sized enterprises [2].