据了解，SUNDBLITE数据库的"三层一体"工程化路线，构建起全链路数据治理闭环。针对脑机接口信 号的持续写入与毫秒级查询需求，通过强化时序写入、压缩与分区策略，实现神经信号从采集、清洗、 特征提取到标注、回溯的全流程高效管理，即便面对高并发、高频率的数据流，也能保持稳定低延迟， 满足医疗康复中实时监测、消费设备中即时响应的严苛要求。针对模型训练与推理场景的核心痛点，创 新推进向量化检索与结构化元数据统一管理，打破不同人群、不同应用场景下的数据形态壁垒，大幅提 升数据对齐效率，让AI模型训练摆脱数据割裂的桎梏，加速从"个性化适配"向"泛化应用"跨越，为癫痫 治疗、卒中康复等医疗场景，以及AR/VR交互、睡眠监测等消费场景提供更高效的模型支撑。 在脑机接口产业"医疗+消费"双轮驱动下，数据底座的稳定性、兼容性与高效性直接决定技术落地的广 度与深度。科蓝软件SUNDBLITE数据库凭借多年技术沉淀，不仅满足医疗场景对数据安全性、完整性 的严格要求，也适配消费级产品对轻量化、低功耗的灵活需求，其"三层一体"架构可无缝对接侵入式、 半侵入式、非侵入式等多个技术路线，为产业链上下游企业提供标准化、可扩展的数据解决方案 ...

今年的政府工作报告，科创产业新词频频出现。 连续出现的"全球级""国家级"新词，代表着各领域最高水平。政府工作报告中，全球首款北斗高精度芯片在汉问世，全球最快磁悬浮 技术、全球最高强度平顶脉冲磁场世界领先。脑机接口、稻米造血实现产业化突破。2家企业入选全国首批领航级智能工厂名单，数量居 全国第1。 华工科技逐步成长为全球光电子领域的重要参与者 面向未来先导布局新产业、新赛道，更筑牢未来生态的"算力基石"。政府工作报告提出，重点布局具身智能、未来显示、6G、合成生 物、量子科技、脑机接口、氢能和核聚变能等新赛道。建设"万兆先锋"城市，新增高性能算力规模2500P以上。 引领发展新质生产力，要高水平创新策源，也要活力十足的创业生态。政府工作报告提出，加快建设磁约束氘氘聚变中子源等3个设 施。实施"锦鲤计划"，建设珞喻硅巷、南湖硅巷，突破根技术、培育根企业、发展根产业。 新词：领航级智能工厂 从"单点领航"到"全域智造领跑" 政府工作报告：2家企业入选全国首批领航级智能工厂名单、数量居全国第1。 领航级智能工厂是智能制造的最高等级。武汉市长飞光纤光缆股份有限公司、武汉京东方光电科技有限公司成功入选，入选数量与上 海 ...

证券日报网12月26日讯，达梦数据在接受投资者提问时表示，在当前数据库产业多元化发展的格局下， 公司始终坚持以独立、开放、兼容的技术路径为核心，聚焦于打造安全可靠、具备高度自主可控能力的 数据管理基础设施。在持续的产品演进过程中，公司致力于形成自身在架构设计、生态适配与行业纵深 服务方面的差异化特质，并通过与各类硬件平台、应用生态的广泛兼容与协同优化，为客户提供灵活、 可持续的数据技术选择。在部分对供应链安全与架构自主性要求较高的行业领域，客户往往更倾向于构 建层次清晰、权责分明的技术架构，这也为坚持深耕产品与服务的厂商带来了持续的发展空间。 ...

随着新一代开源内存数据库 Valkey 在全球社区加速成熟，开源基础软件格局正迎来重要变化。12 月 23 日，腾讯云宣布国内率先支持并发布 Valkey 8.0 版本，同时以社区代码贡献量位居全球第一，成为推动 该项目走向生产级应用的重要力量。 Valkey 是由 Linux 基金会托管、源自 Redis 社区的开源内存 Key-Value 数据库项目，致力于以宽松开源 协议和社区共治模式，构建厂商中立、长期稳定的基础软件平台。 Valkey 开源负责人 Kyle Davis 表示，Valkey 重新找回了开源社区的初心，腾讯云等云厂商的持续投 入，为项目的长期可持续发展奠定了坚实基础。 目前，AWS、Google Cloud、甲骨文、腾讯云、阿里云、华为云等全球头部云厂商已深度参与 Valkey 社区共建，形成以社区为核心的开源协作格局，Valkey 中国社区也已在北京成立，中国开发者正深度 参与全球社区治理。 作为 Valkey 社区创始成员之一，腾讯云深度参与项目共建，将云上大规模业务实践持续回馈社区，在 集群扩缩容、性能优化和稳定性增强等方向贡献了大量核心代码。 近年来，腾讯持续加大在基础软件和 A ...

纽约的高楼大厦、硅谷的现代园区和深圳的科技工厂，全球3028位亿万富豪的财富版图首次突破16万亿 美元大关，其中近三分之二的财富集中在三个国家。 2025年福布斯全球富豪榜上，埃隆·马斯克的财富一年内增加了1470亿美元，达到惊人的3420亿美元。 这个数字比全球近百个国家的国内生产总值还要高。 全球亿万富豪人数首次突破3000大关，达到3028人，比去年增加247人。这些富豪的总身家达到16.1万 亿美元，比一年前增加了整整2万亿美元。 这个总财富数字超过了除美国和中国之外所有国家的GDP总和。 扎克伯格首次获得第二名，他的Meta公司在社交媒体领域尝试各种创新，股价表现良好。贝索斯的亚 马逊在电商、云计算等核心业务上依旧保持较强竞争力，不断开拓新市场与新业务领域。 埃里森的甲骨文在数据库、云计算服务等方面占据重要市场份额。值得注意的是，奢侈品巨头阿尔诺因 旗下LVMH集团股价下跌，身家降至1780亿美元，从去年的榜首跌至第五位。 科技富豪们不仅垄断了榜单前列，他们的财富增长速度也远超其他行业。根据福布斯数据，前15名千亿 级富豪的总资产达到2.4万亿美元，甚至超过榜单后1500名富豪财富总和。 产业地图： ...

Group 1 - The third Commercial Space Development Conference is set to be held in 2025, with institutions predicting that China's commercial space market could reach a scale of 10 trillion yuan by 2030 [1] - A company has achieved mass delivery of rocket structural components such as shells and fairings, indicating a strong order backlog [1] - Elon Musk praised a dance video featuring a humanoid robot, with institutions stating that mass production of humanoid robots is imminent by 2026; this company has received small batch orders for its reverse planetary roller screw from multiple robotics clients [1] - Another company's database products are primarily used in critical information systems for national major space model projects, including testing, launching, and control [1]

Macro Strategy - The report highlights that export control measures on key metals have become a crucial advantage for China in the context of major power competition, particularly against the US and EU [10][11] - China's leading position in key metals is attributed not only to resource advantages but also to a complete industrial system that is difficult for developed economies to replicate [10][11] Fixed Income - The report indicates that the bond market is expected to face challenges in 2026, with less likelihood of a unilateral decline in interest rates as seen from 2022 to 2024, suggesting a need for a more flexible approach to bond trading [12][13] - Recent meetings have emphasized a continuation of proactive fiscal and moderately loose monetary policies, which are expected to influence bond market sentiment positively [12][13] Industry Analysis - The report discusses the merger of CICC with Dongxing and Xinda, which is expected to create a company with total assets exceeding one trillion yuan, ranking fourth in the industry [21][23] - The merger is seen as a strategic move to enhance scale and comprehensive strength in the securities industry, with large brokers expected to fill gaps through acquisitions while smaller brokers may achieve rapid growth through external mergers [21][23] Recommended Stocks - The report recommends investing in StarRing Technology, which is positioned as a leader in AI and big data infrastructure, with expected revenues of 426 million, 488 million, and 583 million yuan for 2025, 2026, and 2027 respectively [23][24] - The company is noted for its innovative GPU-Native database, which is anticipated to benefit significantly from the growing demand for AI inference [23][24]

华尔街最受热议、且对市场影响显著的分析师评级报告现已汇总呈现。以下是由 The Fly 整理的、投资 者今日需重点关注的评级变动信息。 五大评级上调个股 1. 罗库（ROKU）：摩根士丹利将其评级从 "减持" 上调至 "增持"，目标价由 85 美元上调至 135 美 元。该机构指出，得益于数字广告市场的强劲表现，2026 年美国广告支出有望实现 "稳健" 增 长。 2. 奥克塔（OKTA）：杰富瑞在其 2026 年软件行业展望报告中，将奥克塔评级从 "持有" 上调至 "买 入"，目标价由 90 美元上调至 125 美元。该机构在研报中向投资者表示，奥克塔正着力打造完整 的身份认证平台，有望把握智能代理需求增长的机遇，发展潜力巨大。 3. 赛富时旗下 ServiceNow（NOW）：古根海姆将其评级从 "卖出" 上调至 "中性"。该机构表示，此 次评级上调的依据是当前股价已低于此前设定的目标价，估值具备吸引力。 4. 罗克韦尔自动化（ROK）：高盛将其评级从 "卖出" 上调至 "中性"，目标价由 329 美元上调至 448 美元。高盛在研报中称，在新任管理层的带领下，公司正处于结构性提价的初期阶段，此举 有望在 ...

Core Insights - Oracle's credit risk indicators have reached a 16-year high, raising concerns about its ability to profit from significant AI investments due to increased spending on data centers and other equipment [2][3] - The cost of Oracle's five-year credit default swaps rose by 0.17 percentage points to approximately 1.41%, the highest level since April 2009, indicating declining investor confidence in the company's credit quality [2] - Oracle's bond spreads have widened, with the yield spread on its 6% bonds maturing in 2055 increasing by 20 basis points to 196 basis points, reflecting market concerns about rising risks in the AI sector [2][3] Financial Metrics - Oracle's debt has surpassed $100 billion, contributing to cash consumption in the recent quarter due to high capital expenditures [4] - The trading volume of Oracle's credit default swaps surged to approximately $9.2 billion over a 10-week period, significantly higher than the $410 million recorded in the same period last year [3] Management Commentary - Oracle's co-CEO expressed commitment to maintaining an investment-grade debt rating, despite rising leverage levels that could potentially lead to a downgrade to junk status [3][5] - Concerns have been raised by analysts regarding Oracle's funding needs for its expanding data center operations, with warnings that credit default swap prices could exceed 1.5% in the short term if financing strategy disclosures remain limited [5]

Core Viewpoint - Oracle's aggressive capital expenditure plan of an additional $15 billion has alarmed investors despite holding a staggering $523.3 billion in remaining performance obligations (RPO) [3][5][21]. Group 1: Financial Performance - Oracle reported a 13% year-over-year revenue growth, with cloud infrastructure (OCI) revenue soaring by 66% [2][41]. - RPO reached an astonishing $523.3 billion, a 433% increase year-over-year, driven primarily by contracts with major clients like Meta and NVIDIA [7][41]. - The company expects to confirm 40% year-over-year growth in RPO over the next 12 months, up from 25% in the previous quarter [41]. Group 2: Capital Expenditure and Debt Management - The company announced that its capital expenditure for FY2026 would increase by $15 billion, reaching a total of $50 billion, which caused a post-earnings stock drop of over 10% [5][21]. - Oracle's management defended the capital expenditure, stating that the actual borrowing needs would be significantly lower than analysts' predictions of $100 billion, thanks to innovative financing models [12][66]. - The introduction of a "Bring Your Own Chips" model allows clients like OpenAI to provide their own hardware, reducing Oracle's upfront capital expenditure [13][14][66]. Group 3: Strategic Shifts and Market Position - Larry Ellison emphasized that the future of AI lies in multi-step reasoning over private data, positioning Oracle's AI data platform as a key player in breaking down data silos [8][29][30]. - OCI's revenue growth of 66% outpaces competitors like AWS and Azure, with GPU-related revenue skyrocketing by 177% [9][32]. - The company is transitioning from a heavy asset model to a lighter asset model, which could significantly improve long-term capital returns [18][19]. Group 4: Risk Management and Client Dependency - Oracle's AI infrastructure is designed to be highly fungible, allowing for rapid reallocation of resources among clients, which mitigates risks associated with client dependency [25][26][78]. - The company has over 700 AI clients, ensuring that any unused capacity can be quickly redeployed, thus reducing potential risks from client-specific investments [26][78]. Group 5: Future Outlook - Oracle maintains a strong outlook for continued growth, with expectations of $67 billion in revenue for FY2026, supported by a robust pipeline of contracts [41][44]. - The company is focused on leveraging its unique data position and flexible financing strategies to capitalize on the AI wave without compromising its balance sheet [36][19].