编辑 | 虞尔湖 出品 | 潮起网「智能之光」 悬在AI产业头顶的"达摩克利斯之剑"，终于在12月的资本市场落下了。 12月11日，甲骨文股价单日重挫13%，市值蒸发约千亿元人民币。这一记重锤不仅砸向自身，更引发连锁反应：英伟达、AMD、美光科技等AI核心概念股 集体承压，跌幅在3.1%到4.2%之间，并最终拖累纳斯达克指数跌至一周以来的最低点。 图源：路透社 资本闭环下的虚火与隐忧 AI产业的资本狂热，不断将头部企业乃至初创企业的估值推向新高度。英伟达成为全球首家市值突破5万亿美元的公司，Open AI的估值从2024年10月的 1570亿美元，一路暴涨至2025年10月的5000亿美元——相当于每月增长290亿美元，每天新增近10亿美元。Anthropic、Mercor等参与者同样增长迅猛，前者 半年内估值从615亿美元翻升至1830亿美元，后者在8个月内从20亿美元攀升至100亿美元。 | Date | Approx. Valuation (USD, billions) | Context | | --- | --- | --- | | July 2019 | 1 | Microsoft partner ...

东莞市工信局对AI产业政策及人才政策进行深度解读。东莞以市政府"一号文"出台系列扶持措施，构 建"1+1+N"算力服务体系，设立超50亿元AI产业基金，发放算力券降低企业研发成本，全方位优化营商 环境。 东莞市新一代人工智能产业技术研究院院长徐晨在本次活动中介绍，研究院自2022年落户滨海湾新区以 来，聚焦AI赋能工业领域，搭建公共技术平台，为东莞企业提供人才、数据、算法三大核心要素服 务。 12月4日，东莞全球招商系列活动——东莞人工智能产业对接会在珠海成功举办。本次对接会以"AI赋 能，智领未来"为主题，共探AI与制造业融合新路径，展现东莞发展人工智能产业的独特优势与发展蓝 图。 人才供给方面，研究院作为东莞人工智能专业技术资格评估试点联络点，3年来推动报名人数从30人增 至预计1000人，线上人才社区持证人才超千名，已服务东莞各企业；今年发起的"白锦大赛"吸引2000余 名计算机、自动化专业学生参与，100多个优秀作品可无偿交付企业使用，计划2—3年培育数千人AI人 才队伍，破解制造业人才招聘难题。 东莞市委副书记、市长吕成蹊，市委常委、副市长刘光滨，澳门工商联合会会长何敬麟，香港瑞晋科技 总经理邝文匡 ...

Core Insights - AI computing service provider Wunwen Xinqiong has completed nearly 500 million yuan in A+ round financing, with Zhuhai Technology Group and Futen Capital leading the investment [1] Company Summary - Wunwen Xinqiong has secured funding from multiple investors, including Zhuhai Technology Group, Futen Capital, and several existing shareholders such as Lenovo Venture Capital and Junlian Capital [1] - Zhuhai Technology Group was established in May this year to promote the development of the technology industry in Zhuhai, integrating local state-owned enterprises [1] Investment Details - The financing round attracted participation from various investors, indicating strong interest in AI computing services [1] - The shareholding structure of Zhuhai Technology Group consists of Zhuhai Huafa Group Co., Ltd. holding 60% and Zhuhai Gree Group Co., Ltd. holding 40% [1]

格隆汇11月20日｜Cipher Mining再签AI算力服务协议，与FluidStack新增56兆瓦、10年期主机托管合 作，该笔合同总金额达8.3亿美元。 ...

Core Viewpoint - Bitfarms has announced its decision to cease Bitcoin mining operations and transition to artificial intelligence (AI) infrastructure, indicating a strategic shift in its business model [2][4]. Group 1: Company Strategy - The company plans to repurpose its Washington facility into a state-of-the-art data center supporting NVIDIA's GB300 with advanced liquid cooling technology [2]. - Bitfarms believes that converting its Washington facility to GPU-as-a-service could generate more net revenue than its current Bitcoin mining operations, despite the facility representing less than 1% of its total investable portfolio [2]. - The company aims to complete the transition away from Bitcoin mining by 2026 and 2027 [2]. Group 2: Financial Performance - In the third quarter, Bitfarms reported a net loss of $46 million, which represents a nearly 91% increase in net loss compared to the same period in 2024 [3]. - The volatility of Bitcoin prices has made it challenging for the company to rely on Bitcoin for operational costs, especially after the performance of its new T21 mining machines fell short of expectations, leading to a 14% downward revision of its hash rate guidance for the first half of 2025 [3]. Group 3: Market Position - Following the announcement, Bitfarms' stock price fell approximately 18% [4]. - Bitfarms is the first Bitcoin mining company to fully commit to transitioning away from Bitcoin mining to focus exclusively on AI computing services, although other companies in the sector, such as MARA, have also begun to explore AI opportunities [4].

Core Insights - Yitian Intelligent (300911) announced the establishment of the Shanghai Deshu Cloud Private Fund Partnership, with a total fund size of 2 billion yuan [1] - Yitian Intelligent and its affiliates have committed a capital contribution of 998 million yuan [1] - The fund has signed a share transfer agreement to acquire 77.4% equity in Company X, which specializes in AI computing power services [1] - Company X currently holds orders related to computing power services amounting to approximately 10 billion to 11 billion yuan, with a contract duration of 5 years [1]

Core Insights - Yitian Intelligent (300911) announced the establishment of the Shanghai Deshu Cloud Private Fund Partnership, which has completed business registration and filing with the Asset Management Association of China [1] - The fund has signed a share transfer agreement and acquired a 77.4% stake in Company X, which specializes in AI computing power services [1] - Company X currently holds related orders amounting to approximately 10 billion to 11 billion RMB, with a contract duration of 5 years [1] Company Developments - The establishment of the Shanghai Deshu Cloud Fund marks a strategic investment move by Yitian Intelligent in the AI computing sector [1] - The acquisition of a majority stake in Company X positions Yitian Intelligent to leverage the growing demand for AI computing power services [1] Market Context - The AI computing power service market is experiencing significant growth, as evidenced by Company X's substantial order backlog [1] - The investment reflects a broader trend of increasing capital flow into AI-related technologies and services [1]

Core Insights - Yitian Intelligent (300911) announced the establishment of the Shanghai Deshu Cloud Private Fund Partnership with Lloyd Private Equity Fund Management Co., Ltd. and Tianjin Zhonghui Cheng Intelligent Technology Co., Ltd. [1] - The fund has a total scale of 2 billion yuan, with Yitian Intelligent and its affiliates contributing 998 million yuan. [1] - The Shanghai Deshu Cloud Fund has signed a share transfer agreement and acquired 77.4% of Company X, which specializes in AI computing power services. [1] - Company X currently holds orders related to computing power services amounting to approximately 10 billion to 11 billion yuan, with a contract duration of 5 years. [1]

Core Insights - The company Tongniu Information has signed a strategic cooperation agreement with Moore Threads to explore new application scenarios and business models in intelligent computing power services and technology development [1] Group 1 - The collaboration will integrate resources, technology, and market advantages from both companies [1] - The focus areas of the partnership include AI computing power services, intelligent computing center construction, research and development of intelligent computing technology, and innovation in DeepSeek application scenarios [1]

Core Insights - Midea Group and Huawei have signed a strategic cooperation agreement to leverage their strengths in technology and information communication across various key areas, including enterprise management, AIGC, ICT infrastructure, green low-carbon initiatives, cloud business, product development, and internationalization [2][3] - The collaboration in the AIGC field focuses on "technology empowerment + scenario implementation," with the establishment of a special working group to research AI applications in smart homes and smart manufacturing, addressing challenges in multimodal AI algorithm optimization, edge computing, and AI security [2] - In the smart factory sector, Midea will utilize its self-developed visual large model algorithm platform in conjunction with Huawei's Ascend AI visual inspection technology to enhance production efficiency and product quality stability [2] Smart Home and Ecosystem Development - Midea will collaborate with Huawei's HiSilicon and open-source HarmonyOS to create integrated smart home appliance solutions, enhancing product innovation and user experience [3] - The partnership aims to deepen the smart home ecosystem through cross-brand device collaboration and scenario linkage, creating HarmonyOS smart selection products for a smoother user experience [3] - The cooperation also includes interconnectivity among "people," "vehicles," and "homes," digital energy temperature control products, and the digital transformation of medical imaging equipment [3] Strategic Significance - The signing of the strategic cooperation agreement marks a new phase in the collaboration between Midea and Huawei, aiming to continuously deepen technological synergy and scenario innovation [3] - Midea's Chairman Fang Hongbo emphasized the importance of connectivity and computing technology in their core areas, including smart homes, smart factories, smart buildings, and smart hospitals [3] - Huawei's Supervisory Board Chairman Guo Ping highlighted the exploration of new paths for the integration of technology and industry, setting new benchmarks for industry development and enhancing user product and service experiences [3]