张昊晨 国信证券互联网分析师: 各位领导大家晚上好，我是国信互联网分析师张昊辰。今天我们邀请到专家跟我们分享一 下这个阿里云最近的一个情况。我们今天可能主要交流三个方面的问题吧，就是一个是关 于最近整个云厂涨价的一个情况，然后我们可能交流一下阿里的这个 Agent 这块的一个布 局。然后就是可能关于这个最近的一些人的供需情况，然后包括今年的趋势一个展望吧。 对，那张阳你好，听得到吧？ 阿里云专家: 可以。 好的。那要不麻烦您先跟我们大概，就是介绍一下最近，就是这个涨价的情况下，阿里云 它的一个相应的这个涨价计划是怎么样的？ 阿里云专家: 就先说一下大概的主要原因吧。我觉得核心原因还是在于说这次几乎所有相关部件的硬件 厂商。都出现了价格比较大幅度的提升。当然，可能基于这个原因，以及说目前看起来其 实客户的需求，你说因为只能带来可能新的需求，都是在不断上升的过程中吧。所以基于 这些，综合因素考虑，所以云可能会对一些核心的部件进行调整吧。比如说可能对弹性服 务器里面的训练类的，然后内存类的机型、云主机，可能先进行一部分调整，然后后续会 根据情况再看看对，类似于说存储是不是也要进行相应的调整？ 然后大概的比例的话，可 ...

Core Viewpoint - SpaceX is shifting its strategy from merely connecting Earth to providing computational capabilities through a proposed deployment of 1 million satellites, aiming to create a "Space AI Empire" valued at approximately $1.25 trillion, integrating AI with satellite technology [4][13][50]. Group 1: SpaceX's Strategic Shift - SpaceX has applied to deploy up to 1 million satellites, marking a fundamental shift in its strategy towards creating a computational layer around Earth [4][11]. - The acquisition of xAI is a critical component of this strategy, with SpaceX's valuation at around $1 trillion and xAI at approximately $250 billion [4][13]. - The goal is to establish a massive computational system in low Earth orbit, utilizing solar energy and enabling efficient data processing and AI model training [11][12]. Group 2: Competitive Landscape - The competition for low Earth orbit resources is intensifying, with China also applying for approximately 203,000 satellites, indicating a race for satellite frequency and orbital slots [7][8]. - The International Telecommunication Union mandates that applicants must launch their first satellite within seven years and complete deployment within 14 years, adding pressure to competitors [8][20]. - SpaceX's aggressive strategy is prompting other players, including national and private entities, to respond with their own satellite deployment plans [18][38]. Group 3: Business Model Transformation - SpaceX is transitioning from a telecommunications company charging subscription fees for satellite internet to a cloud computing service provider renting computational power, expanding its market potential from billions to trillions [23][24]. - The new model will allow SpaceX to compete directly with established cloud service providers like Amazon AWS and Microsoft Azure [25][36]. - The anticipated cost efficiency of space-based computational power could disrupt the AI industry, with projections suggesting that space will become the most cost-effective location for generating AI computational power [24][25]. Group 4: Technological and Regulatory Challenges - Significant technical challenges remain, including the development of radiation-resistant chips and high-speed inter-satellite communication systems necessary for effective space-based computing [28][29]. - Regulatory hurdles are also a concern, as SpaceX's previous applications for satellite deployments have faced scrutiny, and the new proposal for 1 million satellites will likely encounter rigorous review [29][30]. - Despite these challenges, advancements in satellite technology and launch capabilities are being pursued to facilitate the ambitious deployment plans [30][34]. Group 5: Implications for Global Technology Landscape - SpaceX's transformation could reshape the global technology landscape, particularly impacting traditional cloud computing giants that rely on terrestrial data centers [36][51]. - The emergence of a space-based computational network could redefine geopolitical dynamics in technology, as it would allow for a more distributed and less geographically constrained AI development environment [36][52]. - The competition for orbital resources is not just a commercial battle but also a strategic one, with implications for national security and technological sovereignty [9][52].

当地时间2月2日，特朗普在"真实社交"上高调宣布，他已与印度总理莫迪通电话，达成了美印双边贸易 协议。 随后，莫迪在社交平台上发文回应，强调美印两大经济体携手具有重要意义，对美国降低关税表示"衷 心感谢"，对其他承诺却只字未提。 这场"以扩大进口换关税减免"的交易，标志着美印关税博弈暂告一段落，双边关系阶段性趋于缓和。 布推文的截图。 特朗普发 扩大进口换关税减免。 协议达成后，美印两国领导人的表态呈现出了微妙的差异。特朗普描绘了一幅"美国大获全胜"的图景， 而莫迪仅"选择性回应"了美国降税等利好政策。 关税双向减免。 这份贸易协议的核心，在于确立了"关税双向减免"的互惠框架。 被称为"世界药房"的印度。 协议同时约定，美方将根据印度实际履行采购承诺的情况，动态评估是否将"对等关税"进一步下调至 15%以下。 这一结构性调整，标志着美印双方正在从过去的"惩罚与反制"转向"条件性互惠"，既回应了美国要求印 度开放市场的核心诉求，也为印度保留了部分重点产业的出口竞争力。 增加购买美国商品。 这份贸易协议的关键，在于印度承诺大幅增加购买美国商品。 作为下调关税的核心交换条件，印度承诺将在未来5年内，从美国采购超50 ...

【环球时报驻韩国特约记者 黎枳银 环球时报记者 肖震冬】韩国股市此前两日上演"过山车"式震荡，先 遭遇大幅下挫，一度触发"熔断"，后又强劲反弹，市场在恐慌性抛售与低价买盘快速回流之间反复拉 扯。多方分析称，在全球人工智能（AI）投资预期出现波动之际，这凸显以AI企业大规模支出为核心 的上涨结构在高估值环境下"走钢丝"的现实。 " 波动性主导首尔股市 " 彭博社报道称，2日韩国综合股价指数（KOSPI）单日下跌5.3%，为去年4月以来最大跌幅，股指期货下 行一度触发程序化交易暂停。此前长期领涨市场的芯片权重股集体承压，三星电子与SK海力士当日盘 中跌幅均超过6%。韩元同步走弱，市场避险情绪瞬间升温，国内外资金在现货市场纷纷转为净卖出。 但仅仅一个交易日后，韩国股市便快速反弹。据韩国《韩民族日报》3日报道，KOSPI时隔一天重返 5000点，在前一交易日跌幅超过5%后，早盘上涨逾3%，盘中一度触发买入侧程序化交易限制。"KOSPI 经历过山车行情，波动性主导首尔股市"，《韩国先驱报》3日以此为题报道。对于反弹动因，韩国 Kiwoom证券分析师韩智英指出，在美国市场情绪暂时企稳的背景下，前一日暴跌所引发的低价买盘迅 ...

Core Viewpoint - The European Union (EU) emphasizes the need to control key technologies that support its economic development, reflecting a growing call within the EU to reduce dependence on American tech giants [1][3]. Group 1: Digital Sovereignty - Europe is increasingly focusing on digital sovereignty, which posits that reliance on American companies, particularly those adopting isolationist policies, poses threats to its economy and security [1][3]. - EU Financial Services Commissioner Maria-Louise Albrecht stated that Europe must take control of the technologies that drive its economic growth [1][3]. Group 2: Risks and Dependencies - A senior official from the Dutch central bank highlighted the growing risks of cyberattacks faced by European financial institutions due to their dependence on a few cloud service providers [1][3]. - Steven Maijoor, Chair of the Dutch Central Bank's supervisory board, noted that the vulnerabilities in the European financial system have become more pronounced in recent years, citing cybersecurity risks and the deterioration of some long-term global partnerships [1][3]. Group 3: Regulatory Landscape - The European Central Bank previously identified geopolitical tensions and technological disruptions as core risks facing the European banking sector [2][4]. - EU regulatory authorities have classified 19 tech companies, including Amazon Web Services, Google Cloud, and Microsoft, as critical third-party cloud computing service providers for the EU financial industry [2][4].

Group 1 - Tianwei Video Technology saw a sharp increase, hitting the daily limit up [1] - Shunwang Technology rose over 15% [1] - Wangsu Science and Technology increased by more than 13% [1] - Other companies such as Nanling Technology, Qingyun Technology, Yuke Technology, Litong Electronics, and Guanghuan Xunwang also experienced significant gains [1]

2026 年 2 月 2 日，北京市大兴区政务服务和数据管理局（本级）发布《2026 年 1 至 12 月政府采购意向》。 单位名称：北京市大兴区政务服务和数据管理局（本级） 项目名称：大兴区政务云及云监管服务 采购目标：采购 2026 年大兴区政务云服务 预算金额：3760 万元 预计采购时间：2026 - 04 云头条声明：如以上内容有误或侵犯到你公司、机构、单位或个人权益，请联系我们说明理由，我们会配合，无条件删除处理。 2026 年 2 月 2 日，北京市大兴区政务服务和数据管理局（本级）发布《2026 年 1 至 12 月政府采购意向》。 单位名称：北京市大兴区政务服务和数据管理局（本级） 项目名称：大兴区政务云及云监管服务 采购目标：采购 2026 年大兴区政务云服务 预算金额：3760 万元 预计采购时间：2026 - 04 云头条声明：如以上内容有误或侵犯到你公司、机构、单位或个人权益，请联系我们说明理由，我们会配合，无条件删除处理。 ...

在1月22日举行的2026腾讯云合作伙伴大会上，深圳市顺易通信息科技有限公司(下称"捷停车") 凭借其 在停车场景财税数字化服务领域的卓越实践与深度共创，获授 "腾讯乐企财税优质合作伙伴"。 随着国家税务总局2024年11号公告，发票服务市场逐步进入新时代。捷停车作为智慧停车一体化服务平 台，联合腾讯云与微信支付积极响应政策号召，携手"先行先试"，积极推动各试点工作落地，在"技术 赋能+场景创新"的双轮驱动下，为税务数字化转型注入新动能。 在过去多年的深入合作中，捷停车将领先的停车场景运营能力与腾讯乐企的技术及生态支持深度融合， 取得了实质性突破。 此次获评"优质合作伙伴"，表明捷停车在连接生态伙伴、赋能停车行业的道路上取得了关键进展。作为 覆盖超1.5亿车主与6万智慧车场的平台，捷停车通过与腾讯乐企平台共建财税数字化基础设施，不仅加 固了自身的服务壁垒，更将腾讯的前沿技术与生态资源，转化为对B端车场和C端车主的切实价值，推 动了整个停车行业在合规、增效与体验上的全面升级。 展望未来，捷停车表示将以此次授牌为新的起点，继续深化与腾讯乐企等顶尖生态伙伴的战略协作。双 方将持续探索电子发票数据在车场精细化运营、商 ...

在全球加速建设人工智能（AI）基础设施的竞赛中，印度抛出重磅政策：若外国云服务商将面向海外 市场销售的云服务工作负载部署在印度数据中心运行，其相关收入可享受零税率优惠直至2047年。 这一举措旨在吸引全球AI算力投资，不过电力短缺和水资源压力正对印度的数据中心扩张构成现实威 胁。 AI基础设施总投资约900亿 2月伊始，印度财政部长尼尔玛拉·西塔拉曼就在年度联邦预算中宣布了这一提案。 根据安排，凡是在印度数据中心运行，但向印度境外销售的云服务，其收入将享受"税收假期"——实际 上等同于免税。她在议会表示，面向印度国内客户的云服务销售，必须通过在印度注册成立的本地经销 商进行，并在印度境内依法纳税。预算同时提出，对为关联海外实体提供服务的印度数据中心运营商， 适用15%的"成本加成安全港"税收规则。 与美国和中国相比，印度缺乏强大的本土基础模型、芯片制造能力和大型数据中心容量，因此，印度在 全球人工智能竞赛中的作用迄今为止还很有限。拟议的税收优惠极其可能带来投资：这一政策出台，正 值包括亚马逊、谷歌和微软在内的美国云计算巨头在全球范围内加速扩建数据中心，以应对人工智能工 作负载激增之际。 印度正逐步成为新的投资 ...

Core Viewpoint - SpaceX is shifting its strategy from merely connecting the Earth to providing computational resources through a proposed deployment of up to 1 million satellites, aiming to create a "space AI empire" valued at approximately $1.25 trillion [2][10]. Group 1: SpaceX's Strategic Shift - SpaceX has applied to deploy up to 1 million satellites, marking a fundamental shift in its strategy towards providing computational capabilities rather than just connectivity [2][5]. - The acquisition of xAI for stock is a critical component of this strategy, with SpaceX's valuation at around $1 trillion and xAI at approximately $250 billion [2][10]. - The goal is to establish a massive computational system in low Earth orbit, utilizing solar energy and enabling AI model inference and machine learning [8][10]. Group 2: Competitive Landscape - The near-Earth orbit is expected to become crowded, with China also applying for approximately 203,000 satellite frequency resources [4][5]. - The competition is driven by a "first come, first served" rule, with significant implications for information sovereignty and resource allocation in space [5][6]. - Other players, including China's satellite network initiatives, are responding to SpaceX's aggressive strategy by submitting their own satellite constellation plans [13][32]. Group 3: Business Model Transformation - SpaceX is transitioning from a telecommunications company charging for internet access to a cloud computing company renting out computational power, expanding its market potential from billions to trillions [18][19]. - The new model will allow SpaceX to compete directly with established cloud service providers like Amazon AWS and Microsoft Azure [20][29]. - The anticipated cost advantages of space-based computation could disrupt the AI industry by providing a more efficient means of generating AI computational power [20][21]. Group 4: Technological and Regulatory Challenges - The deployment of 1 million satellites poses significant technical challenges, including the need for advanced radiation-resistant chips and high-speed inter-satellite communication [23][24]. - Regulatory approval for such a large-scale deployment is uncertain, as previous applications for smaller satellite constellations have faced delays [24]. - The successful execution of this plan will require overcoming substantial logistical and operational hurdles, including the need for a high frequency of launches [24][25]. Group 5: Implications for Global Technology Landscape - SpaceX's strategy could redefine the competitive landscape for cloud computing and AI, creating a globally distributed computational network that is not bound by geographical or political constraints [29][30]. - This shift may lead to a new type of technology giant that controls orbital computational resources, fundamentally altering the infrastructure of the digital economy [46]. - The race for orbital resources is not just a commercial competition but also a strategic maneuver in the context of global power dynamics [6][29].