在近日的2025年华为全联接大会上，华为副董事长、轮值董事长徐直军发表题为"以开创的超节点互联 技术，引领AI基础设施新范式"的主题演讲，首次清晰地向全球展示了其昇腾AI芯片未来三代的发展蓝 图，并剑指百万卡集群。 对此，诺安基金科技组基金经理刘慧影表示，这不仅是一次简单的技术预告，更是一份目标明确的算力 倍增计划书。根据规划，从2026年到2028年，华为将几乎以每年一代的速度快速迭代，包括计划在2026 年率先推出昇腾950系列的两款芯片，分别专注于推理的不同阶段；2027年推出昇腾960芯片，将实现包 括算力、内存带宽等关键指标的全方位翻倍；2028年，压轴登场的昇腾970则将在前代基础上再次实现 互联带宽的翻倍和内存带宽的大幅提升。这意味着，从当前芯片到昇腾970，总体算力将实现惊人的十 倍提升，这将为未来的AI应用打下坚如磐石的算力根基。 正如华为所展望的，"算力，过去是，未来也将继续是人工智能的关键，更是中国人工智能的关键。"在 如此强大的算力支撑下，中国自主创新的AI大模型或将迎来爆发性发展，并跻身全球第一梯队，为全 球AI技术创新与产业应用贡献中国力量。 刘慧影，硕士，具有基金从业资格。曾就职 ...

Group 1 - Changfei Fiber Optic Cable (06869) saw its stock price rise over 20%, reaching a historical high of 44.86 HKD during trading, with a current price of 43.96 HKD and a trading volume of 1.22 billion HKD [1] - NVIDIA announced the launch of NVIDIA® Spectrum-XGS Ethernet, a technology that enables the combination of multiple distributed data centers into a one-gigawatt AI super factory, addressing the limitations of existing commercial Ethernet infrastructure [1] - Open-source securities highlighted that the scale-across technology could become the "third pillar" of AI computing, following scale-up and scale-out, and emphasizes the importance of optical interconnect and related industry opportunities [1] Group 2 - Zhongtai Securities reported that hollow-core fiber, which uses air as a transmission medium, has lower latency and loss, making it a key component for future AI data center interconnects [2] - The first commercial use of hollow-core fiber by China Mobile is expected in July 2025, with Changfei Fiber being the sole bidder at an actual bid price of approximately 36,000 RMB per core kilometer [2] - The report emphasizes the leading capacity level of Changfei Fiber in hollow-core technology and its successful bids in related projects [2]

Group 1 - The core idea emphasizes the importance of data elements and computing power in building a unified national market, highlighting their inherent advantages such as liquidity, high reusability, intangibility, and non-exclusivity [1][2] - The "East Data West Computing" initiative aims to guide computing power demand from the eastern regions to the western regions, facilitating cross-regional allocation of computing resources and enhancing the digital economy [3] - The construction of a unified data and computing market is essential to address the mismatch between supply and demand, as evidenced by the varying utilization rates of computing resources in different regions [1][3] Group 2 - The integration of computing power aims to break down regional and industry barriers, requiring collaboration among government departments, telecom operators, and internet companies to create a cohesive network [2] - The development of digital twin factories and smart agricultural applications demonstrates the practical benefits of computing power integration, leading to reduced operational costs and improved efficiency [4] - The establishment of a unified market is just the first step; addressing challenges such as data security and user privacy during cross-regional data sharing is crucial for long-term success [4][5]

Group 1 - The core idea emphasizes the importance of data elements and computing power in building a unified national market, highlighting their inherent advantages such as liquidity, high reusability, intangibility, and non-exclusivity [1][2] - The "East Data West Computing" initiative aims to guide computing demand from the eastern regions to the western regions, facilitating cross-regional allocation of computing resources and enhancing the digital economy [3] - The construction of a unified data and computing market is essential to address the mismatch between supply and demand, as evidenced by the varying utilization rates of computing resources in different regions [1][3] Group 2 - The integration of computing power is seen as a means to promote high-quality industry development and regional coordination, with Ningxia serving as a national hub for integrated computing networks [3] - Successful examples of computing power integration include the establishment of a "5G + AI digital twin factory" in Guizhou and smart greenhouse applications in Gansu, showcasing the benefits of reduced operational costs and improved efficiency [4] - The article stresses the need for a long-term vision in building a unified market, focusing on solving issues related to data security and user privacy during cross-regional data sharing [4]

Group 1 - Data elements possess characteristics such as liquidity, high reusability, intangibility, and non-exclusivity, which provide a natural advantage in supporting the construction of a unified national market [1][2] - The "East Data West Computing" initiative aims to orderly guide computing demand from the eastern regions to the western regions, facilitating cross-regional allocation of computing resources and enhancing the digital economy [3] - The construction of a unified data market and computing market is essential to address the mismatch between supply and demand in computing resources, as evidenced by the varying utilization rates in different regions [1][3] Group 2 - The interconnection of computing resources is a key topic for high-quality industry development and regional coordinated development, with Ningxia serving as a national hub for integrated computing networks [3] - The collaboration between companies and telecommunications firms in creating "5G + AI digital twin factories" demonstrates the practical benefits of computing interconnection, such as reduced operational costs and improved efficiency [4] - The establishment of a unified national market is seen as a valuable opportunity for regions to enhance their digital economy and reshape their development advantages [3][4]

Core Insights - The article emphasizes that computing power encompasses not only computational capabilities but also supporting network transport and data storage capabilities [1] - For computing power to be effective, hardware such as servers, chips, and storage devices, along with software including operating systems, cloud computing platforms, and AI frameworks, as well as network connectivity, must all be "online" simultaneously [1] - As of the end of 2024, China's total computing power is projected to reach 280 EFLOPS (exaflops) [1] - The computing power market is experiencing a structural imbalance characterized by both "surplus" and "shortage" [1]

Core Viewpoint - The rapid development of the artificial intelligence industry is driving the demand for computing power resources, leading to increased attention on computing power interconnectivity. The "Computing Power Interconnectivity Action Plan" aims to achieve nationwide public computing power standardization and interconnectivity by 2028 [1][2]. Group 1: Computing Power and Its Importance - Computing power has become an essential infrastructure, comparable to water, electricity, and gas in the digital age. It is a core element driving the development of artificial intelligence alongside data and algorithms [1]. - High-quality computing power is crucial for various applications, including smart home devices, AI model generation, intelligent manufacturing, scientific computing, and smart healthcare [1]. Group 2: Understanding Computing Power Interconnectivity - Computing power encompasses not only computational capabilities but also the supporting network, data storage, hardware, software, and connectivity. All three aspects must be operational simultaneously for effective utilization [2]. - By the end of 2024, China's total computing power is projected to reach 280 EFLOPS (exaflops). However, there is a structural imbalance in the computing power market, with both surplus and shortage issues [2]. Group 3: Goals and Strategies for Computing Power Interconnectivity - The goal of computing power interconnectivity is to enhance the flow of computing resources across the country, addressing issues such as low utilization rates and mismatched supply and demand in the industry [3]. - Building a unified and efficient computing network involves improving foundational technologies, increasing data transmission bandwidth, establishing a unified computing power identification system, and ensuring data and privacy security during transactions [2][3]. Group 4: Economic and Social Implications - A well-connected computing network can significantly enhance the efficiency of data transmission and resource allocation, facilitating the sharing of government data and improving logistics, data flow, and capital flow [3]. - In the era of interconnected devices, accelerating interconnectivity across various sectors and elements is not optional but a necessity for economic and social development [3].