当A股最大公司还停留在3000亿美元市值规模时，美股已出现了有望冲击万亿美元薪酬的CEO。 9月5日，特斯拉董事会为CEO埃隆·马斯克提出了一份新的薪酬方案。若马斯克能在未来十年内实现一系列极具挑战性的业绩目标，他将获得价值约1万亿美 元的股票奖励。 获得1000万个FSD（Full Self-Driving）订阅。 如此天价薪酬，纵然是公认的商业奇才马斯克，也不禁让人探讨他是否值得。 要回答马斯克值不值万亿美元薪酬，需审视两个核心：特斯拉能否冲击8.5万亿美元的市值目标；马斯克拿走1万亿美元回报是否合理。 该薪酬方案计划授予马斯克约4.23亿股特斯拉股票，分12个批次解锁。每一批次的解锁都需同时达成市值和运营两类里程碑目标。 市值目标要求特斯拉市值从当前的约1.1万亿美元增长至最终的8.5万亿美元，接近10万亿美元这个量级。 我在此前的文章《》中提到过，"下一个物理AI时代，可见的大赛道智能驾驶，倒是有着更大的市场想象空间，10万亿美元巨头更有可能出自于此，硬件龙 头目前来看特斯拉最有希望。"看来特斯拉董事会所见略同。 运营目标则包括： 交付2000万辆特斯拉汽车。目前存续量800万辆；2024年交付量不足 ...

近年来，AI 通过聊天机器人等工具深刻改变了我们的生活，并在医疗、气象和材料设计等领域落地应用。这一进步主要依赖 GPU 的算力和数据规模的增 长。但随着模型规模不断扩大，传统数字 GPU 的局限性愈发明显。要突破这一瓶颈，AI 需要在保证精度和吞吐量的同时，降低训练与推理的延迟和能 耗。 一个备受关注的研究方向是"物理神经网络"（Physical Neural Networks，PNNs），它利用光、电、振动等物理系统进行计算，有望摆脱对传统数字芯片 的依赖，实现更高效、更大规模的 AI 训练与推理。 日前，来自洛桑联邦理工学院的研究团队及其合作者，在权威科学期刊 Nature 上发表了一篇最新综述，从训练角度全面回顾了物理神经网络的发展，并 以"从零开始"的视角探索其普适性方法。 论文链接：https://www.nature.com/articles/s41586-025-09384-2 研究团队表示，"只要有足够的研究投入"，未来的物理神经网络就有可能改变人工智能（AI）计算的方式。 更快、更节能、更实用 物理神经网络是一类利用模拟物理系统进行计算的类神经网络，能够比传统计算硬件更直接、更灵活、更随机 ...

钛媒体App 9月8日消息，9月8日A股盘前要闻： 7．美国8月非农就业人数增加2.2万，市场预估为增加7.5万，前值为增加7.3万。美国8月失业率为 4.3%，预估4.3%，前值为4.2%。美国7月非农就业人数修正至增加7.9万，6月修正至减少1.3万。美国7 月失业率未作修正，维持4.2%不变。就业数据公布后，美国短期利率期货大幅上涨，交易员押注美联 储将进一步降息。 8．当地时间9月5日，美国总统特朗普表示，美联储主席候选人的名单已缩小至三人，分别是白宫国家 经济委员会主任凯文·哈西特、前美联储理事凯文·沃什以及美联储理事克里斯托弗·沃勒。与此同时，因 就业数据恶化，美联储降息的预期大幅升温。 9．当地时间7日18时左右，日本首相、自民党总裁石破茂在首相官邸举行紧急记者会，宣布决定辞去自 民党总裁职务。石破茂去年9月当选自民党总裁，任期至2027年9月。根据自民党相关规定，如果该党多 数议员和各地区分支机构同意，可提前举行总裁选举。 10．当地时间9月5日，据报道，OpenAI大幅上调了到2029年的预期现金消耗至1150亿美元，以支持 ChatGPT背后的人工智能，较先前预期的500亿美元激增了800 ...

Group 1: Gold Market Analysis - Recent surge in gold prices, with London gold reaching nearly $3580 per ounce on September 3, 2025, after a four-month period of high volatility [12][10] - Under neutral assumptions, the gold price midpoint for the second half of the year is projected at $3627 per ounce, with an optimistic scenario suggesting a rise to $3816 per ounce [12][10] - Key drivers for the recent price increase include a shift in investment from long-term US and European bonds to gold due to concerns over debt risks, particularly in Europe [12][11] Group 2: International Beauty Market Trends - The global beauty market is expected to grow at a rate of 4.5% in 2024, down from 8% in 2023, with significant regional disparities [13][13] - The European market outperformed the global average with a 7.5% year-on-year growth, while the North Asia market saw a decline of 2% [13][13] - Major international beauty brands are adapting to the competitive landscape in China by embracing new online channels and local partnerships, leading to a slight recovery in market performance [13][13] Group 3: Fourth Paradigm Company Overview - The company is projected to achieve revenues of 68.52 billion, 88.19 billion, and 112.26 billion yuan from 2025 to 2027, with year-on-year growth rates of 30%, 29%, and 27% respectively [17][17] - The company is expected to turn a profit by 2025, with net profits forecasted at 0.55 billion, 2.83 billion, and 5.68 billion yuan for the same period [17][17] - The company's strategy focuses on standardization, which is anticipated to drive rapid industry expansion and maintain long-term competitiveness [14][14]

Core Viewpoint - Elon Musk has the potential to become the world's first trillionaire, contingent on a new performance-based compensation plan from Tesla that requires him to lead the company for the next ten years and achieve ambitious financial targets [1][4][15]. Group 1: Compensation Plan - Tesla's board has proposed a new compensation plan for Musk, which will be voted on at the shareholder meeting on November 6. The plan is expected to pass due to high retail investor support [2]. - If Musk meets all performance targets, he could earn up to $900 billion in Tesla stock options, effectively doubling his stake in the company to 25% [2][4]. - The plan requires Musk to drive Tesla's market capitalization to $8.5 trillion over the next decade, which is more than double the current valuation of Nvidia [4][5]. Group 2: Performance Targets - Musk must achieve several performance milestones, including increasing operating profit from $17 billion to $400 billion, delivering 20 million Tesla vehicles, and reaching 10 million active Full Self-Driving (FSD) users [5]. - The board emphasizes that retaining Musk is crucial for achieving these ambitious goals and becoming the most valuable company in history [5]. Group 3: Business Strategy and Challenges - Tesla is undergoing a strategic transformation, with its traditional electric vehicle business facing significant challenges, including declining sales in key markets like China, the U.S., and Europe [8][10]. - Analysts have shifted their focus from electric vehicle sales to potential growth in autonomous driving and robotics, which Musk believes will account for 80% of Tesla's future value [10][11]. - The latest "Master Plan IV" released by Musk does not mention new electric vehicle models but focuses on ambitious future visions involving humanoid robots and autonomous taxi services [11][12]. Group 4: Market Position and Competition - Tesla's electric vehicle sales have seen a decline, with a 1% drop last year and a 7% drop in the first half of this year, indicating a challenging market environment [8][9]. - The company faces increasing competition from domestic electric vehicle manufacturers in China, which has further complicated its market position [8][9]. Group 5: Future Outlook - The ambitious goals set forth in the new compensation plan may be difficult to achieve, especially given the current challenges in the electric vehicle market [6][8]. - Despite the challenges, the board's intention appears to be to keep Musk firmly in place as CEO, ensuring his focus on Tesla's future operations, particularly in autonomous driving and robotics [14][15].

Group 1: AI Technology Integration - AI technology is rapidly being integrated into various sectors in Shaanxi, enhancing productivity and efficiency across industries such as education, healthcare, and manufacturing [1][2] - The iFlytek Spark model, a leading domestic AI model, possesses seven core capabilities including text generation and logic reasoning, enabling users to complete tasks from problem identification to solution implementation [2] - The Xi'an Artificial Intelligence Research Institute has become a key R&D hub for iFlytek, focusing on advanced research in noise reduction solutions and multilingual recognition [2] Group 2: Automotive Industry Advancements - Geely has launched a unified intelligent driving solution, "Qianli Haohan," positioning itself as the only automaker with a comprehensive AI layout across its operations [3] - The Geely manufacturing base in Xi'an has achieved full automation, producing a vehicle every 60 seconds under the supervision of an AI-driven system [3][4] Group 3: Drone Technology and Applications - Xi'an Inno Aviation Technology Co., a leading drone enterprise in Shaanxi, is developing a smart aerial flight system that integrates drones with AI for applications in energy inspection and urban management [5] - The company aims to enhance drone capabilities by incorporating AI, enabling autonomous operations in various sectors [5] Group 4: Data and Computing Power - The development of AI is driven by three key elements: data, algorithms, and computing power, with intelligent computing power being crucial for AI advancement [6] - Shaanxi Data Group is focused on building a robust AI computing power system, having established data centers and achieving 100P of intelligent computing power [6] Group 5: Government Initiatives and Industry Growth - The Shaanxi provincial government is promoting the integration of cloud computing, big data, and AI through the establishment of the Shaanxi State-owned Assets Cloud Platform [7] - The province is developing a distinctive AI (big data) industry, aiming to create five integrated industrial clusters and a comprehensive industrial chain [7][8] Group 6: Educational and Economic Impact - Shaanxi has over 500 AI companies and more than 20 universities offering AI programs, producing over 5,200 graduate students annually [8] - The AI industry in Shaanxi is projected to achieve an industrial output value of 25.578 billion yuan in 2024, with a manufacturing output of 9.82 billion yuan in the first half of the year [8]

国务院日前印发《关于深入实施"人工智能+"行动的意见》(以下简称《意见》)。围绕《意见》出台背 景、主要内容、突出特点等热点问题，经济日报记者采访了国家发展改革委有关负责同志。 记者：《意见》出台的背景是什么？ 从全球形势看，有助于构建更高水平国际开放合作。实施"人工智能+"行动，坚持智能向善，把人工智 能作为造福人类的国际公共产品，广泛开展人工智能国际合作，推动技术普惠和成果共享，共建人工智 能全球治理体系，有助于进一步深化全球合作，弥合全球智能鸿沟，让更多国家和人民共享技术进步带 来的发展机遇。 记者：《意见》的主要内容是什么？ 答：《意见》围绕行业应用需求和基础能力供给协同推进，提出一系列政策举措。一方面，以行业应用 需求为牵引，统筹国内和国际，开展"人工智能+"六大行动。围绕科学技术、产业发展、消费提质、民 生福祉、治理能力、全球合作六大重点领域，深入分析人工智能对各行业各领域范式变革影响，前瞻谋 划"人工智能+"工作着力点。另一方面，以硬基础和软建设为保障，统筹发展和安全，夯实"人工智能 +"行动八大支撑。深刻把握人工智能技术和产业演进规律，结合内外部形势变化，围绕模型、数据、 算力、应用、开源、人 ...

Group 1 - The South Korean government approved a budget of 728 trillion won for the fiscal year 2026, marking an 8.1% increase from the previous year, which is significantly higher than the 2.5% increase this year, setting a record high for total budget expenditure [1] - The budget reflects a shift from a "tight" fiscal policy under the previous administration to an "expansionary" approach, focusing on stimulating growth through investments in artificial intelligence (AI) and research and development [1] - The R&D budget will increase from 29.6 trillion won to 35.3 trillion won, a 19.3% rise, the largest ever, aimed at accelerating innovation in six key sectors: AI, biotechnology, cultural content, defense, energy, and manufacturing [1] Group 2 - The defense budget will rise from 61.25 trillion won to 66.3 trillion won, with a focus on improving personnel welfare and developing advanced weapons such as next-generation stealth fighters, AI, drones, and robots, marking the first time the defense budget has increased by over 5 trillion won in a single year [1] - The budget for industrial policy will expand by 14.7% to 32.3 trillion won to support exporters affected by tariffs, while cultural industry spending will grow by 8.8% to 9.6 trillion won [2] - To finance the budget, the government plans to cut around 1,300 projects, freeing up 27 trillion won, but most of the new spending will rely on large-scale borrowing, pushing national debt to over 1,400 trillion won, which will account for 51.6% of GDP [2] Group 3 - The government aims to stimulate the economy through expansionary fiscal policies, which are expected to lead to a rebound in tax revenues, creating a virtuous cycle of "financing through finance" [3] - The budget will be submitted to the National Assembly for review in early September, with final approval expected in December [3]

责任编辑：栎树 9月6日，阿里巴巴正式发布万亿参数大模型Qwen3-Max-Preview，性能全面超越前代及国际竞品，参数 量超1万亿，支持262K上下文长度，在多模态分析（如象棋棋局解读）、代码生成（前端网页、小游戏 开发）、复杂任务分步执行等场景展现出极高准确率，进一步推动算力需求持续爆发。 机构认为， Qwen3-Max-Preview作为迄今首款万亿参数闭源大模型，标志着国产大模型在参数规模、性 能及商业化布局上的重大突破，在全球大模型竞争格局中助力中国大模型技术跻身第一梯队，中文及多 语言能力、垂类行业解决方案深度整合能力、更具性价比的商业化路径增强中国AI企业全球竞争力。 ...

这种共享操控模式，或使脑机接口在日常使用中更实用、更高效，随着AI系统的升级，它们或能帮助 用户更轻松地完成更多复杂任务。 研究团队表示，虽然结果令人鼓舞，但仍需开展更多工作让该系统适应不同的用户和环境。 （文章来源：科技日报） 最新一期《自然·机器智能》发表的一项神经科学研究称，一个由人工智能（AI）担任"副驾"来共享操 控的脑机接口系统，能以解读意图和辅助行动的方式，让瘫痪人士更好地完成任务。测试中，在移动计 算机光标或操作机械臂这类任务中，受试者的操控力得到大幅提升。 脑机接口技术能让用户利用脑信号操控装置，但目前该技术时常会出现不准确也不可靠的情况。美国加 州大学洛杉矶分校研究团队此次研发了一个非侵入性脑机接口系统。该系统能通过电极读取脑活动并利 用机器学习优化行动操控力。该脑机接口有两个"AI副驾"：一个能帮助引导计算机光标，另一个能利用 虚拟输入辅助机械臂任务。 在测试这个有"AI副驾"的脑机接口系统时，一位因脊髓损伤而腿部瘫痪的受试者在控制计算机光标的任 务中，其操控力比没有"AI副驾"辅助时提升了3.9倍。健康受试者在"AI副驾"辅助后的操控力是平时的 2.1倍。不仅如此，瘫痪受试者还能操控机 ...