"21世纪关键技术"关注科技未来发展趋势，研究21世纪前沿科技关键技术的需求，和影响。将不定期推荐和发布世界范围重要关键技 术研究进展和未来趋势研究。 前言：在上一篇文章中，我们发表了 《大自然规律不允许！德国物理学家指出量子计算可能永远无法成功》， 在本篇将进一步介绍美 国国防高级研究计划局 DARPA 验证量子计算真实性的举措。为验证量子计算的可靠性做出的工作。 美国国防高级研究计划局正在通过一项雄心勃勃的验证计划重新定义全球量子计算竞赛的规则。该机构的量子基准测试计划已将11家 来自美国、加拿大和澳大利亚的企业推进到第二阶段，这些公司必须证明他们能够在2033年前开发出"效益超过成本"的实用级量子计 算机。这一严格的筛选机制标志着量子技术发展从科学探索转向工程验证的关键转折点。 DARPA的量子基准测试计划设定了一个明确且具有挑战性的目标：到2033年实现量子计算的实际商业和军事价值。该计划项目经理乔 ·阿尔特彼得明确表示，他们的"开场立场是怀疑主义"，旨在通过科学严谨性来终结量子计算领域的过度炒作。这种制度化的怀疑态度 反映了美国政府对新兴技术泡沫的警惕，以及对确保联邦投资获得实际回报的坚持。 进入第 ...

Core Viewpoint - The establishment of a national-level merger and acquisition (M&A) fund is expected to drive China's industrial integration into a "strategic-led" new phase, shifting the core logic from spontaneous market integration to a dual-driven approach of national strategy and market efficiency [3][4]. Group 1: Characteristics of the National-Level M&A Fund - The national-level M&A fund will have six key characteristics: clearer strategic orientation, optimized resource allocation, more flexible investment methods, stronger risk control, enhanced innovation drive, and promotion of industry advantages [4][5]. - It will focus on critical areas such as key core technology breakthroughs, supply chain security, and the development of strategic emerging industries, thereby enhancing the overall competitiveness of the national industry [4][5]. Group 2: Collaboration with Regional Funds - The national-level M&A fund will work in conjunction with regional funds in areas like Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Greater Bay Area, creating a synergistic system that promotes high-quality development [6][7]. - It will facilitate the flow of technology, talent, and capital across regions, forming a "research-development-transformation-industry" cross-regional chain [7]. Group 3: Investment Focus Areas - The fund will prioritize investments in three main dimensions: traditional pillar industries (e.g., steel, non-ferrous metals, construction materials), emerging technology industries (e.g., integrated circuits, renewable energy), and future industries (e.g., quantum computing, brain-machine interfaces) [8][9]. - Companies that align with these investment areas should possess digital transformation capabilities, core technologies, and clear equity structures to attract early-stage investment or acquisition [9]. Group 4: Avoiding Internal Competition - To prevent "involution" competition between the national-level M&A fund and local industry funds, it is crucial to strengthen top-level design, improve coordination mechanisms, and clarify functional positioning [10][11]. - Establishing a multi-level, complementary fund ecosystem will maximize capital aggregation and effectively support the construction of a modern industrial system [12].

尽管硬件发展取得突破，量子计算迈向广泛应用仍面临多重挑战。首先，技术路线仍较分散。超导、离 子阱、光量子、中性原子等路径各有优势：超导易集成但需极低温，离子阱相干时间长但扩展难，光量 子适合通信但难以存储。如何整合各类研发资源、打造最优方案，仍需付出大量努力。其次，软件生态 与应用场景仍不明朗。除少数领域如量子化学模拟、组合优化外，尚缺乏能充分发挥量子优势的"杀手 级应用"。多数企业仍在探索"量子计算能做什么"，而非"如何用量子计算解决问题"。再者，跨学科人 才非常稀缺。既懂量子物理，又熟悉金融、制药或人工智能（AI）应用的复合型人才较少，制约了技 术向产业的转化。 有分析认为，通用容错量子计算机仍需10到20年。但在那之前，量子计算可通过"量子—经典混合架 构"创造早期价值。例如，在药物研发中，用经典计算机处理大部分流程，将分子能级计算等核心环节 交由量子协处理器完成，通过算力互补，发挥各自优势，实现渐进式升级。同时，量子计算与AI的融 合正成为新突破口。一方面，AI可用于优化量子控制脉冲、提升量子门保真度；另一方面，量子算法 有望加速机器学习训练过程。这种双向赋能，或将成为量子技术落地的重要跳板。 回望量 ...

Honeywell International (NasdaqGS:HON) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Speaker8Thank you for standing by, and welcome to the Honeywell fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. Please be advised that today's call is being recorded. I would now like to hand the call over to Sean Meakim, Vice President of Investor Relations. Please go ahead.Speaker10Th ...

科研团队称，就像科幻电影里依赖量子计算的超级智能体能预测复杂演化一样，此次实验研究表明，现 实中的量子计算机也能掌握那些经典计算机算不清的节奏。"通过这样的研究，我们离理解和控制高度 复杂的量子世界，又更近了一步。" 这项量子芯片实验重要发现及研究进展的相关论文，北京时间当天凌晨在国际学术期刊《自然》上线发 表。 中国团队最新研究离理解和控制量子世界更近一步 1月29日，中国科学院物理研究所向媒体通报，该所科研团队与北京大学合作者最近在一块包含78个量 子比特的超导芯片"庄子2.0"上进行实验，不仅发现反直觉的预热化平台及可控规律，还展示出量子芯 片在模拟复杂系统上的独特优势。 科研团队向媒体提供一段动画视频，对本项专业研究成果进行科普解读。(记者 孙自法 制作 王嘉怡 视 频来源 中国科学院物理研究所) 来源：中国新闻网 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 编辑：王永乐 广告等商务合作，请点击这里 ...

给量子系统"加热"好似给一块冰升温。一开始温度上升很快，随后进入冰和水共存的阶段。此时即便继续加热，温度依旧长时间卡在0℃不再上升，因为能 量被用来"融冰"而不是升温。量子系统中也出现了类似情形——外界不断输入能量，但系统并没有立刻变得混乱，而是停留在一个相对稳定的"预热化平 台"。通过改变加热的方式和节奏，科学家可以调节平台的持续时间。只有当这个阶段结束后，系统才会像冰完全融化后那样，内部状态迅速变得复杂。此 时信息在整个系统中扩散，其复杂程度经典计算机已经无法算准。 经济观察网据央视新闻客户端消息，记者从中国科学院物理研究所获悉，该所科研团队和合作者们通过实验，掌握了量子系统的热化节奏，使人们离理解和 控制高度复杂的量子世界又更近了一步。相关成果1月28日在国际学术期刊《自然》发表。 科研团队在一块包含78个量子比特的超导芯片"庄子2.0"上进行了实验，不仅发现了预热化平台和可控规律，还展示了量子芯片在模拟复杂系统上的独特优 势。就像科幻里的"MOSS"能预测复杂演化一样，现实中的量子计算机也能掌握那些经典计算机算不清的节奏。通过这样的研究，使我们离理解和控制高度 复杂的量子世界又更近了一步。 在科幻电影 ...

Group 1: New Consumption - Beauty Industry Insights - The GMV of cosmetics on WeChat Video Account is projected to reach 12.18 billion yuan in 2025, with domestic brands expected to dominate the channel [5][6] - In 2025, domestic brands are anticipated to hold an 80.4% market share on WeChat Video Account, with top brands like Zheng Mingming and Lin Qingxuan leading the sales [6][7] - Skincare products are expected to capture 68.9% of the market share in the WeChat Video Account channel, indicating a higher premium potential compared to other categories [6][7] Group 2: WeChat Video Account as a Competitive Platform - WeChat Video Account is seen as a new battleground for beauty brands, offering a unique advantage by integrating public and private domains, allowing brands to retain users for long-term engagement [7] - The beauty-related voice volume in the WeChat ecosystem reached 10.39 million from October 2024 to September 2025, marking a 48% year-on-year growth, with video account voice volume increasing by 121.9% [7] - The platform's clear commercialization logic and empowerment system provide beauty brands with sustainable growth opportunities, making it crucial for brands to establish a presence on this platform [7] Group 3: Pharmaceutical Industry - Fuyuan Pharmaceutical Overview - Fuyuan Pharmaceutical, established in 1999 and listed in 2022, focuses on generic drugs and is expanding into innovative drugs, with a robust portfolio of 209 domestic drug registrations [13][14] - The company reported a revenue of 3.209 billion yuan from drug formulations in 2024, with a compound annual growth rate (CAGR) of 7.75% from 2019 to 2024, indicating stable growth [14][15] - Fuyuan is strategically investing in small nucleic acid innovative drugs, with 23 patents filed, and its core pipeline includes FY101, which is in Phase I clinical trials, targeting a large market of patients with dyslipidemia [15][16] Group 4: Financial Projections for Fuyuan Pharmaceutical - The company is expected to achieve net profits of 465 million yuan, 481 million yuan, and 520 million yuan from 2025 to 2027, with growth rates of -5%, 4%, and 8% respectively [16] - The current price-to-earnings (PE) ratios for these years are projected at 30X, 29X, and 27X, indicating a favorable valuation compared to peers [16]

Group 1: AI Energy Sector - The AI energy sector has seen significant catalysts recently, with uranium prices continuing to rise, reaffirming investment opportunities in this sector. The World Nuclear Association's report indicates that if governments meet their nuclear power construction goals, global nuclear capacity could reach 1,446 GW by 2050, exceeding the previous target of 1,200 GW [5][11] - To achieve the 1,446 GW target by 2050, a structured annual grid connection rhythm is required, with specific capacity targets set for different periods: 14.4 GW from 2026 to 2030, 22.3 GW from 2031 to 2035 (a 55% increase), 49.2 GW from 2036 to 2040 (doubling), and 65.3 GW from 2046 to 2050 [12][11] - The report emphasizes that nuclear power and uranium are transitioning from "optional energy" to "strategic necessities," which is expected to enhance their long-term pricing power, cash flow stability, and capital attractiveness [12] Group 2: Financial Technology Sector - The financial technology sector experienced a downturn this week, with most stocks under pressure. Credicorp led the gains with a 7.0% increase, following the announcement that its digital banking subsidiary, Tenpo, received operational approval in Chile, making it the first licensed new bank under Chile's banking law [14][16] - Capital One announced plans to acquire fintech company Brex for approximately $5.15 billion, aiming to expand its presence in corporate payments and expense management, reflecting the trend of traditional financial systems integrating with new technologies [16][17] - Interactive Brokers reported Q4 2025 earnings that exceeded market expectations, with a 15.4% year-on-year revenue increase to $1.64 billion, and a non-GAAP EPS of $0.65, surpassing general market forecasts by 11% [17] Group 3: Quantum Computing Sector - D-Wave announced the completion of its acquisition of Quantum Circuits Inc., solidifying its position as the only dual-platform quantum computing company globally. This acquisition enhances D-Wave's capabilities in error correction, crucial for commercializing gate model quantum computers [21][22] - The market saw fluctuations, with top gainers including Oxford Instruments (+3.9%) and Microsoft (+1.3%), while D-Wave experienced a significant drop of 11.1% [19][20] - The report highlights that D-Wave's acquisition addresses a critical shortcoming in the gate model route, with the dual-track qubit being a key asset for accelerating error correction, indicating a clearer timeline for the gate model project's deliverables [22] Group 4: Commercial Aerospace Sector - The aerospace sector experienced a slight pullback this week, with major indices showing declines, including a 1.9% drop in the US Space Economy Index and a 3.2% decline in the S&P Aerospace and Defense Select Industry Index [24] - Blue Origin announced its TeraWave project, which aims to provide up to 6 Tbps of symmetrical data transmission rates globally, utilizing a constellation of 5,408 interconnected satellites. This project is designed to meet the connectivity needs of businesses and government users, particularly in remote areas [26][27] - GE Aerospace reported Q4 earnings that slightly exceeded market expectations, but the stock fell due to a notable decline in operating profit margins in its core commercial engine business [24]

Group 1 - Anta Sports plans to acquire 29.06% stake in PUMA SE for €1.5055 billion (approximately ¥12.278 billion) to enhance its global market position and brand influence [2] - Shandong Agricultural University Fertilizer Technology Co., Ltd. is set to be listed on the Beijing Stock Exchange on January 28, 2026, with an initial public offering of 16 million shares priced at ¥25.00 per share, raising a total of ¥400 million [2] Group 2 - DeepWay has completed a Pre-IPO financing round of ¥1.177 billion, marking the largest single financing in the autonomous driving new energy heavy truck sector [3] - Turing Quantum has secured several hundred million in Series B financing, continuing its trend of raising significant capital within six months [4] - AI medical innovation company Xu Zhi Shi has completed an A+ round of financing exceeding ¥50 million, with plans for a B round to be initiated after the Spring Festival [5] Group 3 - Elon Musk announced that SpaceX's Starship V3 will undergo its first flight test in six weeks, aiming to launch the next generation of Starlink V3 satellites [6] - Ying Shi Innovation is set to launch a dual-camera handheld gimbal camera, with product details leaked prior to the official announcement [7] - Apple has released a new version of AirTag, featuring a wider tracking range and louder speaker, priced at $29 for a single unit and $99 for a four-pack [10]

以下文章来源于硬氪 ，作者欧雪 融资金额： 数亿元 2025年订单额已突破亿元。 文 ｜ 欧雪 编辑 ｜ 彭孝秋 来源｜ 硬氪（ID：south_36kr） 封面来源 ｜ 企业供图 硬氪独家获悉，光量子计算企业图灵量子（TuringQ）近日完成新一轮数亿元B轮融资。我们总结了本轮融资信息和该公司几大亮点： 融资金额及领投机构 硬氪 . 专注全球化、硬科技报道。36kr旗下官方账号。 融资轮次： B轮 投资机构： 本轮融资汇聚一线市场化国有资本，以及四川省产业振兴集团、深投控、复星、商汤等多家战略投资方。 资金用途： 资金将重点投入国产自主可控的实用化量子计算机研发、核心技术攻坚、高端研发人才队伍建设，并加速"量超融合"计算中心的产业化部署与 商业化落地。 历史融资： 此前已完成了7轮融资，累计金额超10余亿元，估值近70亿元。历史投资方为中网投、国科资本、君联资本、鼎晖百孚、联想创投、元禾原点、 中芯聚源、盛世投资、深信服、联想之星等机构。 公司基本信息 成立时间： 2021年 公司总部： 上海 核心产品： 图灵量子以"光子芯片+量子计算"双核底层技术，致力于推动光量子计算产业化，构建了全栈自主可控的软硬件一 ...