Core Insights - OpenAI is set to complete a new funding round that may exceed $100 billion, aimed at developing its artificial intelligence tools [1][3] - The total valuation of OpenAI, including this funding, is expected to surpass $850 billion, higher than the initial estimate of $830 billion, with a pre-money valuation maintained at $730 billion [1][3] Funding Details - The first part of this funding round will primarily come from strategic investors, including Amazon, SoftBank Group, NVIDIA, and Microsoft, with total commitments potentially nearing $100 billion if investments reach the upper limits of discussions [1][4] - Amazon is expected to invest up to $50 billion, SoftBank plans to invest up to $30 billion, and NVIDIA has discussed a potential investment of $20 billion [4] Future Investment Stages - The next phase of the deal will involve venture capital firms, sovereign wealth funds, and other financial investors, which could significantly increase the total fundraising amount [4] - Funds from corporate investors are anticipated to be received in batches or installments throughout the year [4] Strategic Partnerships - As part of its partnership with Amazon, OpenAI plans to expand its use of Amazon's chips and cloud computing services [4] - OpenAI's CEO, Sam Altman, noted the remarkable advancements of Chinese tech companies across the entire technology stack, indicating that they are approaching the technological frontier in many areas, including AI [4]

Group 1 - The competitive landscape in AI indicates that China may be closing the gap with the U.S., with advancements in physical AI models and video-based models, including Alibaba's new Quen model [1] - There are talented teams in China, such as the B dance team, contributing to the development of effective seed models [2] - The industry is facing significant constraints due to shortages in memory, GPUs, and electricity, which are impacting both deployment and research capabilities [3][4] Group 2 - The chip shortage is identified as a potential choke point for the AI industry, affecting the overall supply chain [4] - Companies with their own chip designs, like TPUs, have a competitive advantage, but reliance on a few key suppliers still poses risks [5]

Core Points - The AI Impact Summit in India has faced multiple controversies, including a public incident where two prominent CEOs refused to shake hands, highlighting tensions in the tech industry [2][3] - Bill Gates' absence from the summit, attributed to his involvement in the Epstein case, has raised questions about the event's credibility and organization [2] - Attendees have expressed dissatisfaction with the summit's logistics, including transportation issues that forced participants to walk long distances to the venue [3] Group 1 - The AI Impact Summit, claimed to be the largest ever, has been marred by issues such as the refusal of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei to shake hands, creating a "break" in the chain of participants [2] - Gates' withdrawal from the summit was announced shortly before his scheduled speech, with a representative taking his place, indicating potential reputational risks for the event [2] - The summit's organization has been criticized, with reports of traffic chaos and inadequate arrangements for attendees, leading to frustration among participants [3] Group 2 - The refusal to shake hands between Altman and Amodei has sparked discussions on social media, reflecting underlying rivalries in the AI sector [2] - The sudden closure of the exhibition area to the public has caused dissatisfaction among participating companies, indicating potential mismanagement of the event [2] - Complaints about the logistical challenges faced by attendees, including long walks due to roadblocks, have been voiced, suggesting a need for better planning in future events [3]

Core Viewpoint - The stock of Zhiyu (02513) has surged nearly 30%, reaching a new high of 658.5 HKD, which is over 4.6 times its IPO price of 116.2 HKD, resulting in a market capitalization exceeding 290 billion HKD [1] Group 1: Company Developments - Zhiyu recently launched its next-generation flagship model GLM-5 and announced a price increase for its AI programming subscription package, GLM Coding Plan, with an overall price increase starting from 30% [1] - The price increase of the GLM Coding Plan reflects a change in industry pricing logic, where model vendors can convert "computing power scarcity" into gross profit and cash flow through tiered pricing and subscription products [1] Group 2: Industry Collaborations - According to Zhongke Shuguang, the SothisAI has been upgraded to fully integrate Zhiyu's GLM-5 and Alibaba's Qwen3.5 models, further simplifying and optimizing the construction and operation processes of enterprise AI platforms [1] - The "Taichu Yuqi" has completed deep adaptation work for several mainstream domestic open-source large models, including Zhiyu's GLM-5.0 and Alibaba's Qwen3.5-397B-A17B [1]

| 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 02513 | 智谱 | 21.06% | 615.000 | 2741.947, | 429.26% | | 02706 | 海致科技集团 | 20.25% | 144.300 | 577.82亿 | 433.26% | | 03317 | | 10.16% | 78.050 | 251.86亿 | 54.55% | | 00100 | MINIMAX-WP | 10.39% | 935.000 | 2932.49亿 | 466.67% | 港股市场AI概念股涨幅进一步扩大，其中，智谱大涨21%，海致科技大涨超20%，迅策、MINIMAX涨超10%。消 息面上，曙光SothisAI近日升级，实现智谱GLM-5、阿里Qwen3.5大模型全面接入，并进一步简化和优化企业AI平 台构建与运营流程。 ...

Core Viewpoint - Nebius is experiencing significant demand for its AI infrastructure, indicating a strong market position and growth potential in the AI sector [1]. Company Updates - Nebius stock saw an increase of 5.76% in after-market trading on February 12, 2026, reflecting positive investor sentiment [1]. Industry Context - The video discusses broader trends affecting Nebius and other AI stocks, suggesting a growing interest and investment in AI technologies [1].

来源：环球网 作为人工智能领域的重要探索方向，"空间智能"由李飞飞率先提出并进行系统性研究，她将人类智能归 结为语言智能与空间智能两大核心，其中空间智能是生物理解、推理周边世界并实现感知与行动关联的 基础能力，经过数百万年演化，成为人类推理、行动、发明创造的重要支撑，从日常的生活互动到城市 的可视化设计，均离不开空间智能的作用。在李飞飞看来，当前人工智能在语言智能领域已取得显著发 展，但要实现技术的进一步突破，就需要让AI突破2D屏幕的限制，拥有理解、生成并互动3D世界的能 力，实现从"能看会说"到"能行动"的跨越。英伟达相关人士也评价，空间智能已成为计算机视觉和实体 智能体发展的下一个前沿。 自成立以来，World Labs便以打造AI领域的革命性"世界模型"为目标，致力于让AI在3D世界中实现感 知、生成与互动，计划颠覆现有叙事方式、创意产出、机器人技术及科学发现的固有边界。2025年底， 企业推出了首款核心产品Marble，这款工具可通过图像、视频甚至纯文本等简单输入，快速生成具备空 间连贯性、高保真度且可持久存在的3D虚拟世界，成为"空间智能"技术落地的重要成果，也让文字、 图像生成3D虚拟宇宙从概念 ...

Core Viewpoint - MiniMax-WP has seen a significant stock price increase, reaching a new high of 980 HKD, with a cumulative rise of over 450% since early 2026, indicating strong market performance and investor interest [1] Group 1: Stock Performance - The stock price of MiniMax-WP increased by over 14% during trading, peaking at 980 HKD, and is currently up by 9.68% at 929 HKD with a trading volume of 2.076 billion HKD [1] - The company has achieved a cumulative stock price increase of over 450% since early 2026 [1] Group 2: Product Launch - MiniMax recently launched its flagship programming model, MiniMax M2.5, which is the world's first production-grade model designed natively for Agent scenarios, supporting full-stack programming development across PC, App, and cross-platform applications [1] - On February 15, MiniMax also introduced the M2.5-Highspeed version and Coding Plan subscription service, aimed at providing professional developers with lower latency and higher concurrency, achieving speeds up to three times that of similar products [1] Group 3: Market Position and Financial Outlook - According to CICC, MiniMax is one of the few companies in China that has successfully commercialized both foundational model capabilities and global AI-native applications, highlighting its rarity in the AI sector [1] - Guotai Junan indicates that the company's self-developed multimodal large model performance is leading, with a high proportion of overseas revenue and ample cash reserves; it is projected to generate 220 million USD in revenue by 2026, with a valuation of 113x PS, reflecting its growth potential as a rare global AI stock in Hong Kong [1]

智通财经APP获悉，中金发布研报称，首次覆盖MINIMAX-WP(00100)给予跑赢行业评级，目标价 1,109.00港元，基于P/S估值法，对应2027年估值倍数75x。公司是目前国内少数在基础模型能力、全球 化AI原生应用商业化两端同时跑通的公司，在AI赛道中具备稀缺性。 公司将AI能力深度嵌入内部工作流;截至3Q25，公司仅385人，研发占比73.8%;CEO以下设立不超过三层 职级。AI原生、扁平、高效组织支持模型与产品的高效迭代。 该行与市场的最大不同? 中金主要观点如下： 国内最早押注原生全模态融合路线的基模厂商之一 随着Agent、世界模型推进，全模态理解与生成正逐步成为重要的基础能力。公司从成立初期即同步推 进文本、语音、视频模型研发，押注全模态融合、形成统一技术栈、积累了先发经验。 国内少有的验证海外市场规模化变现能力的基模厂商 25年前三季度，海外收入占比超73%，覆盖200+国家及地区。通过AI原生产品、开发者平台直接触达高 付费意愿用户，在欧美等成熟市场快速拓展，实现自我造血并获取真实市场反馈。 坚定执行"技术即产品"路线，"前店后厂"模式加速模型与产品的拟合迭代 公司要求模型能力直 ...

Nvidia Corp. (NASDAQ:NVDA) has entered the final stages of a landmark $30 billion equity investment in OpenAI, effectively replacing a massive $100 billion infrastructure agreement that had been the subject of intense market speculation.A Strategic DecouplingThe $30 billion deal, confirmed by sources close to the negotiations, marks a significant pivot from the “non-binding” letter of intent signed in September 2025.That original plan contemplated a $100 billion investment tied to the deployment of 10 gigaw ...