12月28日，由创业黑马主办的"第17届创业家年会"在北京举办，年会主题为"智业革命 —— 跨越断层，成为新物种 "。峰瑞资本创始合伙人李丰以《AI投 资的逻辑与展望》为主题做了演讲。 李丰在演讲中表示，从2022年11月份到今天，我们走过了三年AI投资热潮。除了技术创新、大模型非常热之外，本轮AI投资热潮也是历史上钱最多的一 次。2026年谁能创造新的投资叙事和想象空间，谁就能给这些钱更多的理由让钱过来。2026年，当下的AI技术周期已经到了第三阶段，最终要看谁能用 上技术，而不是谁会技术。谁能用技术赚到钱，而不是谁能讲一个不同的技术路线。 以下内容为创业家&i黑马编辑过的演讲节选： 01 本轮AI热潮，是历史上钱最多的一次 下面用不同的视角，看看当下的AI投资。现在AI非常热，中美竞争非常激烈。从2022年11月份ChatGPT出现到今天，我们走过了三年AI投资热潮。 这次特别热，我们不妨换个角度理解"特别热"，除了技术创新、大模型外，还有什么？还有一件事，或许不容易被考虑到，这次是历史上钱最多的一次。 这有一点点宏观的问题，2020年，全球排名前五的主要央行，扩表了12万亿美金。用老百姓的话说，就是这些 ...

板块方面，贵金属、能源金属及其他金属行业板块领跌，贸易、固态电池、零售、商业航天、光伏等也 纷纷走低。另一方面，啤酒、离境退税、人脸识别、数字营销、多模态AI概念走强。 12月30日，A股三大指数集体低开，其中上证指数跌0.44%，深证成指跌0.52%，创业板指跌0.44%。 （原标题：A股三大指数集体低开，贵金属等板块领跌） ...

Group 1: Space Computing - The "Liangxi Constellation" project, involving 12 intelligent computing satellites, is publicly tendered with an estimated contract value of 450 million yuan [1] - The project aims to address the increasing demand for computing power driven by the explosive growth of artificial intelligence (AI), as traditional data centers face significant limitations [1] - Space computing is expected to become a crucial component of future computing infrastructure, with investment opportunities across satellite manufacturing, core chips, data processing, and communication links [1] Group 2: Artificial Intelligence - Alibaba reported a revenue of 247.8 billion yuan for Q2 of fiscal year 2026, with its Cloud Intelligence Group generating 39.82 billion yuan, exceeding market expectations [2] - AI-related product revenue has seen triple-digit growth for nine consecutive quarters, with a year-on-year increase of 34% in the Cloud Intelligence Group [2] - Alibaba's Qwen app achieved over 10 million downloads within a week of its public beta, surpassing the growth rates of competitors like ChatGPT [2] Group 3: Commercial Space - The National Space Administration of China has issued a plan to promote high-quality and safe development of commercial space from 2025 to 2027, including the establishment of a national commercial space development fund [3] - The plan aims to enhance the commercial space ecosystem, which includes satellites, rockets, and launch facilities, transitioning from technology validation to large-scale application [3] - The commercial space sector is expected to play a vital role in China's global space economy and contribute to the digital economy and smart society [3] Group 4: Quantum Computing - China's first large-scale dedicated optical quantum computer manufacturing facility has opened, marking a significant step towards the industrialization of quantum computing [4] - Quantum computing is recognized as a core driver of next-generation information technology, capable of addressing traditional computing power limitations [4] - The industry is expected to grow rapidly due to technological breakthroughs, policy support, and market demand, with applications expanding across various sectors [4] Group 5: Data Elements - The National Data Bureau has initiated a pilot project for the development and utilization of data resources in state-owned enterprises, involving 12 central enterprises [7] - This initiative is part of a broader strategy to enhance the value of public data operations, which is expected to significantly impact economic and social development [7] Group 6: 3D Vision Technology - Huawei has launched the Mate 80 series smartphones, which support 3D facial recognition technology, enhancing payment security and user convenience [6] - The 3D vision industry is anticipated to experience explosive growth starting in 2024, driven by the demand for high-precision perception in automation applications [6]

Group 1 - New regulations related to preschool education, facial recognition technology, and express packaging will be implemented starting in June [1] - The article highlights the importance of these regulations and their potential impact on daily life [1] Group 2 - The article does not provide specific details on the financial implications or industry analysis related to the mentioned regulations [2][3]

Core Viewpoint - The article discusses the implementation of the "Facial Recognition Technology Application Security Management Measures" by the National Internet Information Office and the Ministry of Public Security, aimed at regulating the use of facial recognition technology to protect personal information rights, effective from June 1, 2025 [1][2]. Group 1: Regulatory Framework - The Measures establish a systematic regulatory framework for the application of facial recognition technology, requiring personal information handlers to balance economic benefits with social responsibilities [2]. - It prohibits the use of facial recognition technology as the sole verification method when other non-facial recognition alternatives exist [4]. - The Measures emphasize that the processing of facial information must have specific purposes and be necessary, employing the least intrusive methods while implementing strict protective measures [4]. Group 2: Consent and Notification - Personal consent is required for processing facial information, which must be obtained under conditions of full awareness, allowing individuals to withdraw consent easily [5]. - The Measures mandate clear and prominent notification to individuals regarding the processing of their facial information, including the purpose, method, and retention period [6]. Group 3: Evaluation and Record-Keeping - Personal information handlers must conduct impact assessments before processing facial information, documenting the purpose, legality, and necessity of the processing [7]. - A registration requirement is established for handlers storing facial information of over 100,000 individuals, to be completed within 30 working days [7]. Group 4: Special Considerations - The Measures address the protection of vulnerable groups, stipulating that processing facial information of disabled individuals and the elderly must comply with relevant accessibility regulations [8]. - For minors under 14, parental or guardian consent is required for processing their facial information [8]. - The Measures do not apply to facial recognition technology research and algorithm training activities within China, promoting innovation while ensuring safety [8].