1月26日，天数智芯（股票代码：09903.HK）现场重磅发布四代架构路线图，提出以"高效率、可预期、可持续"为核心的"高质量算力"设计目标，打造 AI++算力系统新范式，预期于2027年超越英伟达Rubin架构，迈向更具创新的突破性架构设计；发布边端算力产品"彤央"系列，实测性能优于英伟达AGX Orin，并全面展示多行业深度应用案例及开放生态建设成果，以布局云边端的全场景产品与解决方案，与产业链上下游的客户和生态伙伴共绘算力赋能千行 百业的发展蓝图。 架构路线图重磅公布，锚定技术引领目标 天数智芯 AI 与加速计算技术负责人单天逸公布四代架构路线图：2025年，天数天枢架构超越Hopper；2026年，天数天璇架构对标Blackwell；2026年，天数 天玑架构超越Blackwell；2027年，天数天权架构超越Rubin；2027年之后将转向突破性计算芯片架构设计。未来3年，天数智芯将基于此次发布的四代架构， 陆续发布多款产品，持续提升计算性能。 天数智芯针对行业面临的能效比偏低、创造力不足、实际使用困难等问题，提出了"高质量算力"的解决方案，将高质量算力定义为三大核心特质：高效率， 通过优化设计为客 ...

不可否认，美国在资本经济这块还是有很多开创之举。 货币政策和股市，这两个看似独立实则紧密关联的"齿轮"，共同构成了一套高效而精密的调节系统。当 经济过热，它会自动来降温，当增长乏力，又能注入动力。这种调节非来自行政指令，而是源于市场机 制与制度设计的内在协同。 经济发动机。 以往，股市被认为是实体经济的被动反映，但美国人，将股市变成了驱动经济增长的核心引擎。 让钱流向最有生产力的地方。美国是以直接融资为主导的金融体系，使企业能绕过银行，直接从资本市 场获取资金。股市本身也是一种强大的信号机制，当市场看好人工智能时，相关公司股价上涨，不仅降 低了融资成本，还增强了换股并购的能力。 因此，资本被自动引导至最具创新潜力的领域，形成良性循环： 技术突破 → 股价上涨 → 融资便利 → 规模扩张 → 经济增长。2023–2025年，英伟达等AI芯片公司市值 飙升，带动数千亿美元投入算力基础设施，直接催生了新一轮科技投资热潮——这正是市场自发配置资 源的生动体现。 股市的财富效应，把账面收益变成真实消费。美个人消费占GDP近70%，股市是影响消费信息的关键变 量。当股票上涨时，支出增加，这一财富效应在过去十年被显著放大。 ...

当大部分同行还在用"对标"作为宣传话术时，这家公司直接把超越Hopper、Blackwell、Rubin的时间点写进了2025-2027年的日历。底气何来？答案是：过 去七年没走捷径。 在AI芯片发布会"人均对标英伟达"的语境下，一份真正敢把超越日期写进标题的架构路线图，本身就构成了新闻。 天数智芯的答卷第一部分，是一份以团队自身大量测试为依据，刚撰写出炉的性能白皮书。其天枢架构支持从高精度科学计算到AI精度计算，AI芯片在 执行注意力机制相关计算时，算力的实际有效利用效率达到90%。更重要的是，测试显示，其效率较当前行业平均水平提升60%，在DeepSeek V3场景平 均比Hopper架构高约20%性能。这并非实验室峰值理论值，而是指向实际效能的有效算力。 答卷的第二部分，是新发布的边端产品——彤央系列。四款产品实测稠密算力覆盖100T到300T。其中，入门型号TY1000在计算机视觉、自然语言处理、 DeepSeek 32B 大语言模型、具身智能VLA模型及世界模型等多个场景的实测中，性能已超越行业标杆英伟达AGX Orin。 "如果第一步的超越都需要用'未来式'来描绘，那后面的蓝图就只是海市蜃楼。"一 ...

1.2026年我国潮玩产业总价值或突破1000亿元 兴趣消费是消费者基于个人兴趣爱好或情感需求产生的消费行为，核心是为"热爱"买单。随着90后、00 后成为消费主力军，露营装备、手办潮玩等新型兴趣消费正在快速崛起。记者了解到，除了一些各式各 样的玩偶手办，一些更为细分的赛道——娃衣、挂件，也正在年轻人当中悄然圈粉。《中国潮玩与动漫 产业发展报告》数据显示，2026年，中国潮玩产业总价值预计将达到1101亿元，年均增速超过20%。 点评：潮玩产业蓬勃发展，市场规模将迎千亿突破。 2.贾国龙：将回归一线，不再打造个人IP 西贝餐饮集团创始人贾国龙近日接受上海证券报专访时表示，将回归一线、聚焦主业，不再打造个人 IP。从2025年9月的西贝"预制菜风波"到近期人民日报"三评"西贝事件，贾国龙和罗永浩的线上之争逐 渐熄火。此前，贾国龙在网络上较为活跃，但此次贾国龙对上证报记者坦言："我觉得我不适合打造个 人IP，容易激动，表情过于丰富，容易让别人觉得'老贾又在吹牛'，而且有说教的成分。我原来不这么 觉得，但自己的视频看多了之后，发现确实'爹味儿'很重。我对做个人IP没信心，一点信心都没有。" 点评：西贝创始人贾国龙告 ...

Core Viewpoint - 瑞芯微电子预计在2025年实现显著的业绩增长，多个核心指标创下新高，受益于端侧AI市场的快速扩展和公司核心产品的市场突破 [1][4] Financial Performance - 瑞芯微预计2025年全年营业收入在43.87亿元至44.27亿元之间，同比增加12.51亿元至12.91亿元，增幅为39.88%至41.15% [4] - 归属于母公司所有者的净利润预计为10.23亿元至11.03亿元，同比增长71.97%至85.42%，新增利润额在4.28亿元至5.08亿元之间 [4] - 扣除非经常性损益后的净利润预计为9.93亿元至10.73亿元，同比增幅为84.44%至99.30% [4] Market Dynamics - 瑞芯微的业绩增长得益于端侧AI市场的快速扩容，AIoT市场进入高速发展周期，推动新兴智能硬件的涌现 [4] - RK3588和RK3576等核心产品在智能座舱、机器人和边缘计算等多个领域表现突出，支持LPDDR5存储方案 [4] Strategic Outlook - 瑞芯微在2026年确立"SoC+协处理器"双轨制战略，推进下一代旗舰SoC芯片及协处理器的研发，以把握即将爆发的端侧AI市场机会 [5] - 公司在汽车电子、机器人和机器视觉等重点产品线持续突破，并推出全球首颗3D架构端侧算力协处理器RK182X，为未来规模化落地奠定基础 [5]

智通财经APP获悉，AI算力国产替代迎来标志性突破！1月26日，刚刚在港股上市不到一个月的天数智芯(09903)高调披露四代架构技术路线图，明确三年间 将逐步超越英伟达 Hopper、Blackwell、Rubin三大核心架构，同时发布的"彤央"系列边端产品实测性能超越行业标杆英伟达AGX Orin，更首次曝光覆盖互联 网、金融、医疗、交通等领域的300+标杆客户清单与超1000次部署成果，用商业化落地数据宣告国产通用GPU正式进入"性能反超、规模放量"的新阶段，千 亿级算力赛道国产替代进程全面提速。 作为新质生产力的核心引擎，通用GPU被视为AI产业的"皇冠明珠"，长期由海外巨头垄断。天数智芯此次技术与商业的双重突破，不仅打破了高端算力领域 的"卡脖子"困境，更为科技产业投资提供了极具价值的核心标的，其背后的技术壁垒、商业化逻辑与行业影响值得深度拆解。 四代架构剑指英伟达：2027年完成全面超越，"高质量算力"重构行业标准 在芯片行业，架构路线图直接决定企业长期竞争力。天数智芯AI与加速计算技术负责人单天逸现场抛出的四代架构路线图，堪称国产算力的"超车宣言"： 2025年已经推出天数天枢架构，性能超越英伟达 ...

Group 1 - Dong Mingzhu has resigned as the legal representative and executive director of Zhuhai Gree Electronics Components Co., Ltd., with Fang Xiangjian taking over these roles [1] - Fang Xiangjian has been with Gree Electric for many years and has served as the vice president since November 2021 [5] - Zhuhai Gree Electronics Components Co., Ltd. was established in July 2022 with a registered capital of 100 million RMB, focusing on the manufacturing and wholesale of electronic components [5] Group 2 - Dong Mingzhu previously stepped down from her position as the legal representative and chairman of Zhuhai Zero Boundary Integrated Circuit Co., Ltd. in June 2025, which focuses on integrated circuit chip design and sales [6] - Gree Electric has been involved in the chip industry since 2015, with a planned annual production capacity of 240,000 pieces for its first-phase chip factory [6] - Gree's self-developed chips are used in home air conditioning products, with approximately 30% of applications being self-researched, and they are also utilized in commercial air conditioning, smart equipment, and industrial robots [6] Group 3 - Gree established the Zero Boundary company in 2018 for chip design and the electronics components company in 2022, focusing on silicon carbide chip design and testing [7] - The silicon carbide chip factory began construction in December 2022, with plans to achieve product line completion by the end of 2023, targeting an annual production capacity of 240,000 six-inch silicon carbide wafers [7] - Gree Electric's chip sales are expected to exceed 300 million pieces in 2025 [7] Group 4 - Recent reports indicate that Gree's silicon carbide chips are expanding into new markets, including photovoltaic energy storage and logistics vehicles [6][7] - There were rumors regarding Gree supplying half of the chips to GAC Group, which GAC has publicly denied, stating that such claims are not factual [7]

Core Viewpoint - The company, Haowei Group, aims to deepen strategic collaboration with Aixin Yuanzhi by leveraging core technologies in visual terminals, edge computing, and smart automotive sectors, enhancing long-term competitiveness through effective resource integration and collaboration [1] Group 1: Strategic Collaboration - Haowei Group's subsidiary, Weier Hong Kong, plans to invest up to 50 million USD in Aixin Yuanzhi's initial public offering on the Hong Kong Stock Exchange [1] - The investment is intended to promote strategic cooperation in areas such as intelligent driving and edge AI, thereby enhancing the company's technological reserves and supply chain resilience [1] Group 2: Shareholding and Related Transactions - The shareholding percentage in Aixin Yuanzhi will be determined based on the market value at the time of issuance [1] - The chairman and controlling shareholder, Mr. Yu Renrong, holds 1.12% of Aixin Yuanzhi's shares prior to this public offering, which constitutes a related party transaction under relevant regulations [1]

AvaTrade爱华每日市场报告：新交易周在谨慎与分化的氛围中开启。黄金现货价格强势突破5000美元/盎司关口，创下历史新高，成为市场最瞩目的焦点。 与此同时，全球股市呈现显著的"大盘强、小盘弱"的割裂格局，预示着在央行政策与地缘政治的不确定性下，投资者的风险偏好正变得高度选择性。市场目 光聚焦于即将到来的美联储利率决议及关键科技股财报，以寻找后续方向。 | Today: Jan 26 | D | | | | | | > Up Next | Q Se | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Date | 7:12am | Currency | Impact | | Alerts | Detail | Actual | Forecast | | Mon Jan 26 | D9:00am | EUR | 1 | German ifo Business Climate | ਜੋ | 5 | | 88.3 | | | 11:00am | EUR | ਹ | German Buba President Nagel Speaks | ਵੇ | ...

Core Viewpoint - Mingyang Smart's stock price has shown significant volatility, with a 10.02% increase on January 26, 2026, marking the fourth trading day of consecutive gains within a week, driven by multiple factors including asset restructuring and market sentiment [1][4]. Group 1: Stock Performance - The stock price of Mingyang Smart has increased by approximately 65% since the beginning of 2026, with a single-day increase of 2.17 CNY on January 26, 2026 [1][4]. - The total amount of buy orders on the day of the price surge reached 3.2 billion CNY, indicating heightened market interest [1]. Group 2: Corporate Actions - On January 23, 2026, the company announced plans to acquire 100% of Dehua Chip through a combination of private placement and cash payment, while also optimizing internal governance by revising 22 management policies and implementing a stock option incentive plan for 259 core employees [3]. - The company reported a debt-to-asset ratio of 69.98% as of the third quarter of 2025, with a negative operating cash flow of 4.926 billion CNY, raising concerns about financial stability [3]. Group 3: Market Sentiment - Media coverage highlights the ongoing trend of cross-industry acquisitions, with the acquisition of Dehua Chip aimed at enhancing semiconductor capabilities and aligning with current market trends in "new energy + chips + space photovoltaics" [4]. - Regulatory scrutiny has increased, with the Shanghai Stock Exchange issuing an inquiry regarding the acquisition's rationale and the pricing, which is set at 14.46 CNY per share, representing a 26.5% discount compared to the closing price before the suspension [4]. - Investor sentiment is polarized, with bullish investors optimistic about the company's transition to an integrated energy giant, while bearish investors express concerns over high debt levels and potential risks associated with the acquisition [5].