国联民生（601456）证券发布研报称，算力产业是科技之基，该行长期看好、深度跟踪。在当前市场对 远期增量仍有所担忧之际，该行建议积极寻找价值量扩张、资本开支增量倾斜的细分赛道，主线延 续"速率+功率"。同时重点关注国产算力、半导体设备、存储、AI终端的投资机遇。 2)功率：单卡和机柜功率密度持续提升，对电力架构提出了新的要求，也使得液冷成为数据中心的标 配。 国产算力方面：25年破局，26年有望高速成长 需求侧，国产大模型加速追赶，云厂商资本开支展望积极;供给侧、国产先进制程从单点突破走向多点 开花。行业供需两强之下，国产算力厂商迎破局元年。 该行认为，26年要重点观察CSP及大模型厂商的商业闭环节奏，从而把握整体行业β。同时，积极找寻 价值量扩张、资本开支增量倾斜的细分赛道，主线延续"速率+功率"。 从资本开支到ROI测算，解读算力核心变量。该行认为，算力需求主要看Tokens数+Capex。其中， Token数(包括日活等)主要反映实时的算力需求，而Capex则反映云厂商的未来算力预期。部分商业闭环 良好的云厂商，如谷歌等，已形成"开支→算力→Token→收入→再开支"正循环。该行主要测算了各大 云厂商 ...

1月27日，在2026"智算申城"高峰论坛上，"上海市智算产业高质量发展倡议"正式启动。 该倡议由上海仪电联合多家龙头企业共同发起，旨在协同推进新一代智算中心建设，构建高水平智算云服务体系，攻坚高能效服务器与高密度机柜技 术、共建开放协同的自主可控产业生态，致力于将智算产业打造成为上海经济高质量发展的新引擎。 上海仪电（集团）有限公司党委副书记、总裁、上海市算力网络协会理事长张建明致辞时表示，国内算力产业正从"设施规模"向"综合效能"转变，形 成"硬件—智算云—模型—应用"四级联动架构。 张建明说，上海仪电作为上海数智化建设的国资主力军，正全力推进智算基础设施迭代升级与国产自主可控生态建设，包括：持续扩容超万卡级先进性 能算力集群，推动高效制冷技术规模化落地；构建仪电智算云与算力调度服务平台，促进算力资源在多元场景中的便捷接入与高效流通；推动国产AI芯片 与仪电智算云深度适配，构建自主可控光互连GPU超节点等。市算网协会将持续促进行业协作与产学研融合，共同为上海"2+3+6+6"现代产业体系构建和经 济社会高质量发展注入强劲动能。 中国信息通信研究院党委副书记王晓丽致辞时表示，算力是数字经济的核心生产力，是推 ...

Group 1 - Elon Musk highlighted that the insufficient power supply in the U.S. may soon lead to a situation where there is an "oversupply of chips that cannot be activated," indicating a critical constraint on AI development in the country [1] - Musk noted that China has addressed these power supply issues earlier and is significantly ahead of the U.S. in power generation capacity, particularly in solar energy [1] Group 2 - Hubei province is leveraging its geographical advantages and network infrastructure to develop data centers, with direct connections to major computing hubs and plans for a 400G transmission channel [2] - The local government is constructing a national-level low-carbon data center in Yichang, supported by the Three Gorges and Danjiangkou hydropower stations, which allows for low electricity costs at 0.35 yuan per kilowatt-hour [2] - Hubei is also utilizing deep cold water from reservoirs for liquid cooling technology to reduce energy consumption for server cooling [2] Group 3 - Inner Mongolia is focusing on its abundant renewable energy resources to support the national computing network, encouraging long-term agreements between renewable energy producers and computing centers [3] - The region is planning to reserve approximately 25 million kilowatts of capacity and is exploring various power supply models, including direct green electricity supply [3] - Inner Mongolia aims to convert its computing and green energy advantages into cost benefits for computing enterprises through ongoing projects and innovative cooling technologies [3]

Group 1 - The core focus of the news is on the development of the digital economy in Yinchuan, aiming to establish itself as a "computing power capital" with a digital economy total reaching 120 billion yuan, doubling since the end of the 13th Five-Year Plan [1] - Yinchuan has built 9 computing power centers, achieving 100% coverage of gigabit networks, and has launched the "He Lan Mountain No. 1" full-stack AI industry model [1] - The city plans to construct 1,000 new 5G base stations by 2026 and develop a digital foundation for urban intelligent perception [1] Group 2 - Yinchuan aims for its digital economy to reach 130 billion yuan during the 14th Five-Year Plan, with the core industries' added value accounting for 10% of the regional GDP [2] - The city will focus on innovative applications in healthcare and the wine industry, implementing 20 projects including the Turing Town and cultivating 50 typical application scenarios [2] - Yinchuan is striving to create a national pilot zone for innovative applications of artificial intelligence [2]

□代丹丹 （来源：内蒙古日报） 转自：内蒙古日报 核心提示 ●以更高站位、更宽视野、更实举措，将数字势能转化为高质量发展动能，加快数字产业化和产业数字 化，促进数字经济和实体经济深度融合 ●当数字的种子扎根生长，当算力的光芒照耀大地，内蒙古将以数字为笔、以创新为墨，描绘高质量发 展的壮丽图景，在数字化浪潮中焕发出前所未有的生机与活力 当今时代，数字技术、数字经济是世界科技革命和产业变革的先机，是新一轮国际竞争的重点领域。深 入推进数字中国建设是我国把握新一轮科技革命和产业变革新机遇的战略选择。在"东数西算"国家战略 与"双碳"目标的双重驱动下，加快发展数字经济，不仅是推动高质量发展的重要引擎，更是塑造竞争新 优势的有力支撑。"十五五"时期，内蒙古要以更高站位、更宽视野、更实举措，将数字势能转化为高质 量发展动能，打造全国绿色算力高地、数据产业集聚区和"绿色算力+人工智能"应用基地，加快数字产 业化和产业数字化，推动工业互联网创新发展，促进数字经济和实体经济深度融合。 数字经济为高质量发展带来新动能 以云计算、大数据、人工智能等为标志的数字经济具有强渗透性、广覆盖性、高创新性特征，是促进经 济社会发展的推进器。 ...

Group 1 - The core focus of the news is on the development of the digital economy in Yinchuan, aiming to establish itself as a "computing power capital" with a digital economy total reaching 120 billion yuan, doubling since the end of the 13th Five-Year Plan [1] - Yinchuan has built 9 computing power centers, achieving 100% coverage of gigabit networks, and has launched three national 10-gigabit optical network pilot projects [1] - The city plans to construct 1,000 new 5G base stations by 2026 and develop a 10-gigabit network to enhance its digital infrastructure [1] Group 2 - Yinchuan aims for its digital economy to reach 130 billion yuan during the 14th Five-Year Plan, with the core digital economy industry value-added accounting for 10% of the regional GDP [2] - The city will focus on innovative applications in healthcare and the wine industry, implementing 20 projects including Turing Town and cultivating 50 typical application scenarios [2] - Yinchuan is working towards becoming a national pilot zone for innovative applications of artificial intelligence [2]

工业和信息化部新闻发言人、信息通信发展司司长谢存在2026年1月21日举行的国新办新闻发布会上介绍，在 算力设施方面，我国已建成万卡智算集群42个，智能算力规模超过1590 EFLOPS，位居全球前列，有力支撑我国 人工智能产业快速发展。 2025年11月2日拍摄的安徽省宿州市算力产业园淮海人工智能计算中心服务器。新华社记者 黄博涵 摄 EFLOPS是什么意思？ 先了解一下算力，即对数据的处理能力。它看不见、摸不着，却时刻影响着你我的生活，比如智能音箱响应 用户指令、电子支付实时清算、在线购物个性化推荐、电影的特效处理等，背后都有算力支撑。 FLOPS，指的是每秒浮点运算次数，是用来衡量设备计算能力的指标。 在此基础上，还有MFLOPS（百万次）、GFLOPS（十亿次）、TFLOPS（万亿次）、PFLOPS（千万亿 次）、EFLOPS（百亿亿次）等，数值越大，计算能力越强，命名规则遵循国际标准。 超级计算机"前沿"（Frontier），峰值性能突破1EFLOPS，即每秒能完成1百亿亿次运算。以普通人按计算器 速度（1次/秒）计算，"前沿"1秒的运算量，需要80亿人持续按键近40年才能完成。 工业和信息化部日前 ...

本报1月22日讯 （记者 杨柳）1月21日，记者从自治区政务服务与数据管理局获悉，2025年我区算力产 业快速发展，实现营收577亿元，同比增长26.2%，为全区数字经济高质量发展注入强劲动能。 （来源：内蒙古日报） 转自：内蒙古日报 按照自治区党委"1571"工作部署，2026年我区将锚定算力产业高质量发展目标，做大做强算力服务业， 培育壮大算力装备制造业，加快布局数据和人工智能产业。同时，高标准推动和林格尔数据中心集群绿 色算力产业先行示范区建设。我区还将深化与北京、广东、湖南等地的对口合作与产业协同，做好算力 产业延链补链强链，力争2026年算力规模达到35万P。 过去一年，我区加快数据要素价值释放，统筹推动数字内蒙古建设，数字经济蓬勃发展。全区数字经济 核心产业法人主体达2.9万家，同比增长26.4%。算力总规模达23.7万P，智算规模22万P，两项指标均居 全国前列。 ...

AI大模型爆发带来的前所未有算力需求增长，已成为能源研究的关键议题。智通财经注意到，北京理 工大学近日发布的2026年能源经济预测与展望研究报告将低碳算力与能源经济形势、全球能源转型、能 源市场、碳市场等主题并列，这是该系列报告连续发布16年来，首次聚焦纯能源和气候议题之外的技术 领域，足见电力算力息息相关——一方面，算力的最终边际成本取决于电力，与此同时，在量级跃升、 密度倍增的同时，双碳目标约束对算力的"含绿量"提出了更高要求。 《低碳算力服务回顾与展望》（2026）报告执笔人、北理工能源与环境政策研究中心副主任从荣刚教授 认为，当前算力供需存在"东紧西松"区域错配、算力类型错配、算力算效水平错配。我国算力产业已迈 入梯度布局、绿色低碳、高效服务的转型关键期。未来，需锚定"低碳+普惠+融合"价值导向，构建东 西对接、类型适配、算电协同、市场多元、业态丰富的低碳算力服务体系与网络，完善可持续的算力服 务生态及市场，助力我国实现从 "算力大国"到"算力强国"的跨越。 比如，东部核心城市群作为数字经济核心承载区，算力需求高度集中，部分热点区域（如上海、北京的 智算枢纽）算力负载率超85%，高峰时段甚至出现算力排 ...

Core Viewpoint - The Ministry of Industry and Information Technology has issued a notice to enhance the automation monitoring of computing power resources in China, aiming for a unified and efficient monitoring system by the end of 2026 [1] Group 1: Automation Monitoring System - By the end of 2026, the goal is to achieve automated monitoring of computing power resource data across all 31 provinces and key computing power enterprises in China [1] - The monitoring system will be standardized, intelligent, and efficient, improving data quality, analytical capabilities, and application levels of monitoring results [1] Group 2: Key Tasks and Objectives - The notice outlines two phases for organizing nationwide monitoring, relying on the Chinese computing power platform to enhance automation capabilities and establish a data quality verification mechanism [1] - The focus is on improving intelligent data analysis and optimizing the supply structure of computing power resources to support high-quality industrial development [1] Group 3: Benefits of Monitoring - The automated monitoring will enable organizations to dynamically optimize their computing power deployment and supply structure based on monitoring and analysis results [1] - It aims to guide efficient application of computing power and promote refined, intelligent, and efficient matching of supply and demand for computing resources [1]