Key Takeaways BABA has over 12,000 Alibaba Cloud partners and added major names like HONOR in new deals. Alibaba will invest $60M to strengthen partnerships and expand AI offerings through Alibaba Cloud. New partners include Dify, PingCAP, Atos, Crayon, DXC Technology, and Bespin Global Indonesia.Alibaba (BABA) is doubling down on its digital technology and intelligence backbone, Alibaba Cloud, through various strategic partnerships and collaborations. It currently has more than 12,000 partners globally, ...

通信世界网消息（CWW）在全球电商竞争白热化与直播带货模式深度渗透的背景下，"出海"与"直 播"已成为中国电商企业寻求增长的关键路径。然而，跨国运营的复杂网络环境、海量用户涌入的瞬时 压力、日益严苛的安全合规要求以及AI技术深度融合带来的新挑战，正在倒逼云计算基础设施进行前 所未有的重构。近日，Akamai公司亚太与全球客户云架构总监李文涛与大中华区售前高级经理马俊向 媒体深入剖析了当前电商行业面临的核心技术挑战，并阐述了Akamai以"简而未减，网络先行，拥抱开 源"为核心理念打造的公有云如何提供针对性解决方案。 新需求：电商全球化的严苛技术考卷 在直播过程中，用户的交互体验关系着电商真金白银的收入，因此低延迟与高弹性已成为电商的生命 线。"页面加载延迟从1秒增至3秒，直播跳出率上升32%；资源加载时间缩短100毫秒，最终转化率则能 提升8.4%。"马俊以一组数字说明网络低时延的重要性。更具挑战的是，"双十一""6·18"等电商大促期 间，用户访问流量常常在短时间内出现爆发式增长，形成"脉冲式""尖刺式"模型。由于难以精准预测峰 值，商家往往过度配置资源以确保可靠性，造成局部节点过载并浪费资源成本。因此，降 ...

"一年前，我说我们站在机器智能爆发的前夜，当时还有很多人问：'真的会爆发吗？'但今天，不再有 人质疑。"近日，亚马逊全球副总裁、亚马逊云科技大中华区总裁储瑞松在接受21世纪经济报道记者独 家专访时笑言。 相比于其他云厂商，AWS的这一策略更偏重于部署与实用。Agentic AI时代，各式各样的Agent为云服 务中的"软件即服务"（Software as Service）注入新内核 。 Gartner预测，到2028年，通过代理型AI自主作出的日常工作决策比例将从2024年的0%提高至15%以 上，包含代理型AI的企业软件应用比例将从2024年的不足1%提高至33%。 而对于身处大中华区最前线的储瑞松来说，他看得更具体。目前，很多企业已在开发、客服、数据处理 等环节开始试水Agentic AI，企业的落地节奏正在迅速拉开差距。 在他看来，Agentic AI火爆的背后，已经集齐了"大模型推理能力""标准协议支撑""低幻觉高效率运 行""多智能体协同"等技术要素。例如最新一代MCP协议（Model Context Protocol）正逐步成为Agent访 问企业数据与调用API的"USB接口"，使智能体真正具备 ...

Company Overview - Nebius (NASDAQ: NBIS) is emerging as a notable player in the AI cloud market, although it remains relatively unknown in the broader tech landscape [1]. Analyst Background - The analyst has a diverse background, combining experience in software engineering and finance, which includes working at a hedge fund specializing in U.S. equities and macroeconomic trends [1]. Investment Strategy - The focus is on identifying growth stocks within the technology sector that have the potential for above-market returns, emphasizing innovation, scalability, and market disruptiveness [1]. - A long-short strategy is employed on indices, utilizing macroeconomic analysis to navigate market cycles [1].

"当前全球在大模型及应用场景的研究，正处于类似寒武纪生命大爆发的阶段，基础模型（下称'基模'）迭代速度极快，应用百花齐放，各类公司都在积极 探索，杀手级基模、超高智能基模及众多高质量应用将在短时间内出现。"7月18日，在2025腾讯云金融数智峰会期间，腾讯云副总裁胡利明在接受经济观察 报等媒体采访时如此描绘金融IT（信息技术）的变革态势。 胡利明表示，当前金融IT发展的主脉络可浓缩为"国产化"与"智能化"两大关键词，二者正共同推动行业进入全链条升级阶段。 国产化深化与智能化突破 近年来，金融机构数字化转型需求持续加大，覆盖范围已从银行、证券、保险延伸至消费金融、融资租赁等机构，且对整体推进节奏提出了明确要求。 从风控和交易领域看，胡利明表示，交易领域的大模型应用目前尚处于早期，券商仍在规划研究阶段；风控领域已有相关尝试。腾讯云团队开发的风控大模 型（MaaS模型），融合了以往专家决策模型的经验、风控知识的向量化特征数据，以专家模型为"老师"，结合高质量数据训练出风控决策大模型。该模型 参数量虽不及大语言模型，但整合了决策模型与语义分析能力，智能性高于传统决策模型，能同时结合语义与数字因素做决策。 胡利明表示， ...

Over the past two years, investors put their money into an industry set to become the next big thing in technology: artificial intelligence (AI). This billion-dollar market is set to reach into the trillions in a few years as it potentially changes the way business is done and how our daily lives are organized. All of this is great news for companies that get in early and play a key role, and investors, recognizing this, drove these stocks higher.But, earlier in the first half, many of these players lost th ...

Core Insights - Alphabet's second-quarter 2025 results are anticipated to show strong performance driven by growth in Search, Cloud, and advertising sectors [1] Advertising Revenue - In the first quarter of 2025, Google advertising revenues increased by 8.5% year over year to $66.885 billion, representing 74.1% of total revenues [2] - Search and other revenues, which account for 75.8% of advertising revenues, grew by 9.8% year over year to $50.702 billion [2] - YouTube's advertising revenues rose by 10.3% year over year to $8.972 billion [2] - The Zacks Consensus Estimate for advertising revenues in the upcoming quarter is $69.023 billion, indicating a 6.8% growth compared to the previous year [3] - The company has a history of exceeding earnings estimates, with an average surprise of 14.64% over the last four quarters [3] Search Business - Alphabet's integration of Generative AI technology into its search engine is enhancing Google Search's performance [5] - AI Overviews have led to over a 10% increase in usage for queries supporting this feature in major markets like India and the United States [6] - The market share for Google in the search engine space was 89.54% from June 2024 to June 2025, significantly ahead of competitors like Microsoft Bing and YANDEX [7] - The Zacks Consensus Estimate for Search and other revenues is currently $52.4 billion, suggesting an 8% growth year over year [8] Cloud Revenue - Google Cloud revenues are projected to grow by 26% year over year to $13.04 billion, supported by partnerships with NVIDIA and advancements in AI tools [9][11] - Google Cloud is positioned as the third-largest provider in the competitive cloud infrastructure market, competing with Microsoft Azure and Amazon Web Services [9] - The introduction of new technologies and tools, such as the Agent Development Kit and low-code offerings, is enhancing Google Cloud's appeal to enterprises [10]

国内云厂调研：二季度情况与 H20 解禁后采购计划 20250720 摘要 阿里云预计 2025 财年营收同比增长 20%-25%，总收入约 1,500 亿元 人民币，利润率预计在 8%-8.5%之间，但折旧摊销增加可能导致利润 率小幅下滑。下半年海外大客户落地和 AI 需求增加有望推动增长。 阿里云二季度 AI 云收入同比接近翻倍，预计达 40 亿至 50 亿人民币， GPU 租赁占比 45%-50%，PaaS 平台调用费用占比 30%-40%，SaaS 相关费用占比剩余部分，API 调用收入占比约 5%-7%。 阿里云 AI 业务环比增长平稳，主要由于企业级客户项目落地周期长，使 用量增加均匀。预计下半年随着企业客户增加使用量，AI 业务增速将有 所提升，但不会出现爆发性增长。 阿里云算力租赁业务毛利率为 26%-29%，AI PaaS 层面毛利率 42%- 45%，AI SaaS 产品毛利率 45%-48%，大模型 API 调用毛利率 33%- 37%，相对较高，但面临价格战压力。 阿里云计划 2025 年采购 15 万至 20 万张算力卡，但受美国限制影响， 可能难以完成目标。目前线上库存约 14 万 ...

Key Takeaways NBIS posted 385% YoY revenue growth in Q1 and targets $750M-$1B ARR with major AI infra expansion. GOOGL is investing $75B in 2025 to build AI-focused infrastructure, servers, and data centers at scale. NBIS forecasts negative adjusted EBITDA for 2025, while GOOGL generated $36.15B in Q1 operating cash flow.Nebius Group N.V. (NBIS) is an upcoming player in the AI-infrastructure market, while Alphabet (GOOGL) is an established tech behemoth.The AI boom is fueling an unprecedented surge in dem ...

《科创板日报》21日讯，有方科技(688159.SH)公告称，公司拟向多家供应商采购服务器，采购合同总 金额预计不超过人民币40亿元。具体设备型号及其他详细信息公司出于商业秘密及市场竞争的考虑进行 豁免披露登记。本次合同的签订属于公司日常经营行为，公司采购服务器主要用于向客户提供算力云服 务业务。此外，公司开展算力云服务业务后，预期对公司未来财务状况和经营成果产生积极影响，不存 在损害公司及全体股东利益的情形。 有方科技：拟签订40亿元服务器采购合同 用于开展算力云服务业务 ...