RT Brody Ford (@BrodyFord_)NEW: Oracle signed one of the biggest cloud contracts ever. $30 billion per year, larger than its entire cloud biz today. $ORCL https://t.co/Lp7G6xNU2K ...

" 留下有话事权的人，做将业务更聚焦的事 。 " 作者丨梁辰 编辑丨董子博 少了437个字，少了9个人。 6月26日晚间，阿里巴巴集团发布2025财年年报。业绩数据早在一个月前公布，年报的重点是管理层对战 略和业务的思考，而"致股东的信"是整个年报的精髓。 对比发现，2025财年少了一页A4纸的描述。内容上，年报不再单独展开阐述"经营原则"，转而反复强调 AI的重要性，甚至 将AI增补进"核心业务"范畴，将"电商和云计算"变为"电商、AI+云" 。 另一个巨大的变化是，多位阿里巴巴各个时期的关键人物退出阿里合伙人，其中既有创业"十八罗汉"中的 彭蕾、戴珊，又有前CEO张勇、前CFO武卫，还有曾被视为"接班人"的俞永福。 一位二级市场分析师告诉雷峰网，这次退出的合伙人很多已经离开阿里巴巴， 当然可以说是给吴泳铭和蒋 凡扫清障碍 ，由于这些人长期不在业务一线，所以不再参与日常经营管理决策，也有利于企业良性运行。 作为阿里巴巴最重要的决策机构，合伙人的进出一直有着严格的规定。此次年报披露，共有9人退出，并 没有补入新合伙人。 不仅如此，阿里巴巴此次披露合伙人在阿里巴巴集团职位罗列也更加精简，不再罗列他们在子业务集团 ...

Amazon is more than just the e-commerce platform you interact with when shopping. There is a lot that goes into selling products online, as well as delivering them to your doorstep, but none of those aspects excite me about the stock. While Nvidia and Microsoft are duking it out to see which company will maintain its position as the largest in the world by market cap, another competitor is lurking in the background: Amazon (AMZN 2.66%). Amazon is a dark horse pick to become the largest company in the world ...

Investing early in a leading developer of a cutting-edge technology has enabled some individuals to amass fortunes in the past. Could buying shares of quantum computing pioneer IonQ (IONQ -2.16%) set you up for life? The answer is... maybe. There's no question that IonQ is sizzling hot right now. But here's what it will take for the stock to generate the kind of returns that could be life-changing. IonQ's promise Some technologies that are heralded as revolutionary don't live up to the hype. However, quantu ...

近日，华为常务董事、华为云计算CEO张平安在华为开发者大会上表示，盘古大模型5.5正式发布，自 然语言处理（NLP）、计算机视觉（CV）、多模态、预测、科学计算五大基础模型全面升级。同时， 基于CloudMatrix 384超节点的新一代昇腾AI云服务全面上线，为大模型应用提供澎湃算力。 在过去的一年中，盘古大模型持续深耕行业，已在30多个行业、500多个场景中落地，在政务、金融、 制造、医疗、煤矿、钢铁、铁路、自动驾驶、气象等领域发挥巨大价值。本次大会上，华为云重磅发布 盘古大模型5.5，五大基础模型全面升级，为行业提供全新价值。 盘古自然语言处理NLP大模型：全新的718B 深度思考模型是一个由256个专家组成的MoE大模型，在知 识推理、工具调用、数学等领域大幅增强，实现能力领先。盘古大模型5.5在高效长序列、低幻觉、快 慢思考融合、Agent等特性上进行升级，提升用户体验。例如，盘古提出了自适应快慢思考合一的技 术，通过构建难度感知的快慢思考数据和两阶段渐进训练，实现模型根据问题难易程度自适应地切换快 慢思考，简单问题敏捷回复，复杂问题深度思考，整体模型推理效率提升8倍。 对于万亿、十万亿参数的大模型 ...

海外训练算力需求强劲，科技巨头资本开支未减反增，OpenAI 等积极 建设大规模集群，马斯克集群已达 35 万卡，验证了市场对算力需求的 乐观预期，但此前需求未被充分满足。 AI 领域叙事逻辑转向 new skilling，关注模型迭代路径和训练需求。 TOKEN 量与算力需求并非线性关系，TOKEN 量翻倍可能导致算力需求 呈指数级增长，英伟达 GTC 大会信息显示可能高达十倍以上。 美国进入新一轮 AI 迭代周期，大集群交付推动新模型训练，中美基座模 型能力差距或将拉大。投资应关注美国 AI 变化，购买相关资产或公司， 赛灵思等公司股价上涨预示市场逐步接受这些变化。 AI 算力需求呈现结构性变化，上半年推理需求上升，下半年训练需求预 计增加，大集群需求同步上升。OpenAI 与谷歌合作采购 TPU，扩大了 ASIC 市场空间，云服务厂商成为关键供应商。 美股创新高反映产业变化，微软、博通、英伟达和台积电等公司表现突 出，验证了海外算力链的投资逻辑。市场对这些公司的认可，推动了整 个产业发展，预示着训练和推理需求预期正在上升。 Q&A 海外算力需求的变化有哪些显著趋势？ 5 月 Call 海外 AI 算力链 ...

Core Viewpoint - The rumors surrounding Li Xiaomang's departure from AWS China reflect a significant internal power reshuffle within the organization [1] Group 1: Li Xiaomang's Role and Departure - Li Xiaomang, a senior executive in AWS Greater China, is rumored to leave for Guanghuan Xinwang, having previously been responsible for nearly 80% of AWS China's revenue [2] - Following the appointment of Shuzhuo Song as the new head of AWS Greater China, Li was reassigned to oversee partner business, and later became a strategic advisor [2] - Li Xiaomang has nearly 30 years of experience in the IT industry, holding various senior positions at IBM, VMware, Microsoft, and AWS [2] Group 2: Guanghuan Xinwang's Position - Guanghuan Xinwang has gained attention as a prominent player in the data center sector, benefiting from favorable market conditions since late last year [3] - The company has a historical partnership with AWS, having operated AWS's Beijing region since around 2016 to meet compliance requirements [3] - AWS Greater China's core mission this year includes driving growth in the China region, with Guanghuan Xinwang being a key player in this strategy [3]

Group 1: Company Overview - IonQ has emerged as a leading start-up in the quantum computing field, holding key contracts with major players like the U.S. Air Force Research Lab and offering advanced technology [1][8] - The company utilizes all-to-all connectivity for qubits, achieving over 99.9% fidelity, which addresses a critical issue in quantum computing [6][7] Group 2: Market Potential - The quantum computing market is projected to reach $87 billion by 2035, presenting a significant opportunity, although it is currently small [10] - Even if IonQ captures 50% of the projected market, it would generate around $40 billion in annual revenue, which is still less than its competitor IBM, valued at approximately $270 billion [11] Group 3: Competitive Landscape - IonQ's partnerships and availability on major cloud platforms like Microsoft Azure, Google Cloud, and Amazon Web Services enhance its competitive position [9] - The quantum computing field is highly competitive, and while IonQ has potential for strong stock performance, it faces significant challenges before achieving commercial relevance [12]

Core Insights - Nebius Group has seen a significant share price increase of nearly 150% since mid-April, indicating growing investor interest due to its revenue growth strategy [1] - The company transitioned from Yandex, a Russian search engine, to Nebius Group, focusing on cloud computing and AI infrastructure after divesting its Russian assets [2][4] - Nebius is positioned as a hyperscaler in the cloud computing market, competing with major players like AWS, Microsoft Azure, and Google Cloud [5] Business Segments - Nebius operates primarily in cloud infrastructure, providing essential services for AI workloads through a network of data centers [6] - The company has four business segments within the AI ecosystem, including cloud infrastructure, which is its core business [6] Strategic Partnerships - Nvidia has invested in Nebius, participating in a $700 million funding round and holding over 1 million shares, highlighting the strategic importance of this partnership [7] - The collaboration with Nvidia enables Nebius to offer advanced computing capacity, particularly utilizing Nvidia's GB200 Blackwell Superchips [8] Revenue Projections - Nebius anticipates achieving an annualized revenue run rate between $750 million and $1 billion by the end of 2025, with expectations of reaching positive adjusted EBITDA this year [9] - The upper end of the projected revenue run rate would result in a price-to-sales (P/S) ratio of approximately 12.5, which is considered reasonable for a rapidly growing tech company [10] Market Position - Despite recent gains, Nebius is still not valued as highly as it could be, suggesting potential for further stock price appreciation if the company meets its sales growth targets [11]

Group 1 - The article highlights the importance of weekly announcements from Sunday to Thursday, which include significant stock market updates such as suspensions, investments, acquisitions, and performance reports, marked in red for easy identification [1] - A company is currently researching digital solutions related to stablecoins, blockchain, cloud computing, cross-border payments, and AI [1] - Another company has completed the acceptance of a 1.6 billion yuan order for computing power operations [1] - A company has signed agreements for strategic cooperation in areas such as all-solid-state lithium-ion batteries, rare earth permanent magnets, and small metals [1]