更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2025 年 9 月 25 日 星期四 早盘提示 Morning session notice | 板块 | 品种 | 多（空） | | | --- | --- | --- | --- | | | | 【重要资讯】 | | | | | | 1、OpenAI 计划投入约 4000 亿美元，与甲骨文(ORCL.US)和软银合作，在美国开发 | | | | | 五个新的数据中心站点，这标志着其为履行此前关于在美国投入 5000 亿美元用于 | | | | | 人工智能基础设施建设的承诺而做出的最大规模努力。 | | | | | 2、阿里云智能集团董事长表示，大模型是下一代操作系统。AI Cloud 是下一代计 | | | | | 算机。未来全世界或只会有 5—6 个超级云计算平台。目前阿里正积极推进 3800 亿 | | | | 的 | AI 基础设施建设，并计划追加更大的投入。 | | | | | 3、大摩预计到 2028 年，AI 数据中心和芯片投资将高达 2.9 万亿美元，其中科技巨 | | | | | 头将承担约 ...

Group 1 - The conference will be held from the 24th to the 26th, focusing on the theme "Cloud Intelligence Integration and Carbon-Silicon Symbiosis," gathering over 2,000 guests from more than 50 countries to discuss the latest trends in AI, cloud computing, and industrial applications [2] - Alibaba Cloud will showcase capabilities such as large-scale clusters, distributed training, and inference acceleration, including a high-density AI server that supports 144 computing nodes in a single cabinet and the new high-performance network architecture HPN8.0 [2] - Over a hundred companies will present their AI implementation practices, with more than 200 Agent applications and 300 AI terminal products on display [2] Group 2 - Keynote speeches will include Alibaba Group CEO Wu Yongming and Alibaba Cloud Intelligent Group CTO Zhou Jingren, along with representatives from notable companies such as Industrial and Commercial Bank of China, NetEase, Ecovacs, and Li Auto [3] - The agenda includes a main speech by Wu Yongming, a comprehensive release of cloud and AI stack technologies by Zhou Jingren, and a sharing session on large model applications by Jin Haiwu from ICBC [3] - A roundtable discussion will address the impact of AI on industry restructuring, featuring leaders from various sectors [3]

Group 1: Event Overview - The 2025 Yunqi Conference will be held from September 24 to 26, focusing on AI software products and hardware infrastructure, with highlights including new models and Agent applications [2][3] - Alibaba Cloud will showcase capabilities such as large-scale clusters, distributed training, and inference acceleration, along with a high-density AI server supporting 144 computing nodes [2][3] Group 2: Software Developments - Several companies in the Alibaba Cloud ecosystem are actively developing intelligent agent solutions across various sectors, including finance, government, and healthcare [3] - New Zhiyuan Software has launched applications in finance, enterprise services, and automotive sectors, focusing on marketing, product verification, and legal assistance [4][5] - Zhongke Software is advancing AI applications in insurance, government, and healthcare, including intelligent marketing platforms and AI-assisted legal tools [5] Group 3: Hardware Developments - Alibaba Group's capital expenditure on AI and cloud infrastructure reached 38.6 billion yuan in Q1 2026, a 220% year-on-year increase, indicating significant investment in AI capabilities [6] - Chip manufacturers like Chipone are collaborating with RISC-V leaders, with over 10 RISC-V chip designs adopted by major suppliers [6][7] - Data center companies are expanding their infrastructure, with Data Port establishing 35 data centers across key regions, aligning with national data center planning [7]

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Insights - The 2025 Cloud Habitat Conference will be held from September 24 to 26 in Hangzhou, focusing on the theme "Cloud Intelligence Integration and Carbon-Silicon Symbiosis," featuring three main forums and over 110 sub-topic activities, showcasing the evolution of AI technology from infrastructure and large models to embodied intelligence [2][5] - The conference serves as a significant platform for observing industry trends and the speed of application implementation, with a strong emphasis on the commercialization of AI agents and investment opportunities [2][12] - Key areas of investment interest include AI infrastructure, AI agent-related companies, the Chinese inference computing industry chain, CSP manufacturers driven by inference demand, and IDC firms collaborating with leading companies [12] Summary by Sections Event Description - The conference will feature three main forums: "Cloud Habitat Outlook," "Cloud Habitat Technology," and "Incalculable Value," discussing AI's future development, technological breakthroughs, and industry application value [12] - The exhibition area will cover 40,000 square meters with over 500 companies showcasing 3,500 products, including AI applications and high-density AI servers [12] Event Commentary - The conference is expected to signal a new phase for China's AI industry, characterized by infrastructure upgrades and large-scale industry implementation [12] - The event will also include interactive experiences such as an AI Super Exchange and various themed activities to enhance participant engagement [12]