Amazon's cloud business is losing market share to Microsoft and Google.Amazon (AMZN -0.29%) has dominated the U.S. e-commerce market for decades, but sales from its online store haven't been the company's main growth driver in recent years. The company's golden goose is cloud computing.Some investors may not realize that Amazon Web Services (AWS) generates most of Amazon's profit, not online retail. The growth in AWS in recent years has, in a lot of ways, strengthened Amazon's e-commerce business. For examp ...

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就 当 大家还在消化 OpenAI、 谷歌 、 Meta 近期 在 AI 领域的 各种 新动态时，马斯克又一次抢走了聚光灯——近日 ， 他 正式宣布旗下 xAI 将孵化一间 全新的 AI 软件公司 ， 名叫 Macrohard（巨硬） 。 光听名字，你可能会以为这只是一个马斯克式的"科技梗"，对着微软（Microsoft）开玩笑。但仔细看下去，你会发现，这一次他并非调侃，而是要认真试 图用纯粹由 AI Agent 驱动的软件公司，去挑战全球最强的软件帝国。 马斯克在 X 上强调："名字虽然有点搞笑，但项目绝对是真的。" 从一句玩笑，到正式立项 其实，Macrohard 这个名字并不是今天才出现。早在 2021 年，马斯克就曾在 X 上发过一句玩笑："Macrohard >> Microsoft"。当时没人当真，只觉得是 马斯克在"怼"比尔·盖茨。 时间快进到 2024 年 7 月，微软发生了一次全球性宕机事故，导致数百万用户服务中断。马斯克又趁机翻出这条旧帖进行调侃。 但谁也没想到，一年之后，马斯克真的把这句玩笑落到了实处。 今年 8 月 22 日，他在 X 上宣布："加入 @xAI，一起打造一家纯粹的 AI ...

"这是马斯克的又一次冲动，还是AI的下一个拐点？" 硅兔君的回答很统一：当马斯克用一个看似玩笑的名字，来包装一个"非常真实"的项目时，你需要极度严肃地对待其背后的战略目标。 但是官宣后，我的手机就没停过，全是投资圈的朋友发来的信息，内容大同小异： "你怎么看？是玩笑还是颠覆？" 论搞事情，还得是你马斯克。 "巨硬"（Macrohard）这名字一出，我朋友圈的段子手估计都得失业。 贴脸开大，工整对仗，堪称互联网嘴替。 这个名字本身，就是一个高效的信息过滤器，能让大众停留在娱乐层面，而真正的意图则隐藏其后。 为此硅兔君在消息发布后紧急联系了前xAI以及一些AI infra领域专家交流了一下，除去"个人恩怨"和"网络狂欢"这些表层因素，结合我们跟专家的交 流，我们想和您聊聊，马斯克这个新公司在三个不同层面的核心意图。 01 第一，所有人都知道，这是马斯克对盖茨和微软的直接回应。 从做空特斯拉，到质疑电动卡车，再到微软豪赌OpenAI……两个人的商业分歧由来已久。 所以，Macrohard是马斯克个人意志的延伸，是一次写给全世界看的公开挑战。 但这只是剧本的A面。 B面是，马斯克用一场看似高调的个人对决，完美地为xA ...

馬斯克 又放大招了！ 他成立了 一家新公司 名字就叫 Macrohard 翻譯過來 就是「巨硬」！ 你沒聽錯 他把砲口已經 直接對準了 微軟帝國的心臟！ 那這家公司 到底要幹嘛？ 顛覆！ 馬斯克正在 集結一支AI 軍團 總司令 是他的超級 AI Grok 底下是數百個 專精不同任務的 AI 智能體 有的寫代碼 有的做設計 有的搞測試 這群 AI 會在 虛擬世界裡 像一支軍隊 一樣協同作戰 7天24小時 不停地開發迭代 和進化！ 他們的終極 目標是什麼？ 馬斯克要用 這支 AI 軍團 完全模擬出 一個微軟！ 這不是要跟你 搶市場份額 這是要讓微軟 那套由幾萬名 人類工程師 組成的開發模式 徹底過時！ 是要用AI在幾天 甚至幾小時內 重建一個 軟體帝國！ 你說 比爾蓋茲 現在慌不慌？. ...

Core Viewpoint - Elon Musk's new company, tentatively named "Giant Hard," is seen as a direct challenge to Microsoft, showcasing Musk's marketing prowess and competitive spirit [1][7]. Group 1: Company Name and Branding - The name "Giant Hard" is a play on Microsoft's name, reflecting a competitive stance against the tech giant [1][3]. - The term "Giant Hard" has roots in Chinese internet culture, where it is used to mock Microsoft, indicating Musk's awareness of global branding [3]. Group 2: Competitive Landscape - Musk's new company aims to compete in the AI space, specifically in programming and content generation, positioning itself against Microsoft's AI initiatives and its investment in OpenAI [3][5]. - Analysts suggest Musk's approach represents a "triple blow" to Microsoft, targeting its technological dominance, commercial ecosystem, and established software production methods [3][5]. Group 3: Personal Rivalry - The rivalry between Musk and Bill Gates is highlighted, stemming from past conflicts, including Gates' short position on Tesla and differing views on philanthropy and AI [5][7]. - Musk's high-risk, high-reward business style contrasts sharply with Gates' conservative approach, further intensifying their competition [5][7]. Group 4: Marketing and Public Perception - Musk's ability to generate significant media attention through simple branding moves demonstrates his exceptional marketing skills, creating a buzz around "Giant Hard" without substantial costs [7]. - The ongoing competition between Microsoft and Musk's "Giant Hard" is framed as a dramatic and entertaining aspect of the tech industry, inviting public engagement and opinions [7].

新智元报道 【导读】最近 微软紧随英伟达，晋身全球4万亿俱乐部。纳德拉刚裁掉9000人，就狂赚了270 亿。更扎心的是，一份微软工程师天价年薪也刚刚曝光：70级能拿到378.4万美元入职大礼包！ 坚定AI战略、AI裁员后，微软竟走上人生巅峰了。 最近微软发布财报，本季度净收入已经达到了272亿美元。 现在，它已经成为史上第二家市值突破4万亿美元的公司。 就在本月早些时候，英伟达率先撞线4万亿美元市值，如今微软紧随其后，成功跻身「4万亿俱乐 部」。 扎心的是，这些和刚刚被裁的上万名微软员工，没有半毛钱关系。 微软CEO纳德拉发现，自己当初的判断是对的：既然裁员了9000人，还能狂赚270亿美元，看来还 能继续裁啊。 与此同时，微软70级工程师的天价薪酬也被曝光了：光入职大礼包，就高达378.4万美元，换算成 人民币是将近2727万元！ 4万亿美元，微软干翻华尔街 就在7月的的最后一周，微软财报一发布，就扔出一枚重量级核弹—— 微软的市值，已经突破了4万亿美元，成为继英伟达后第二家突破这一里程碑的上市公司！ 这份爆炸性财报显示，微软在AI领域的巨额投入，正在取得惊人的回报。 | Annual Quarterly ...

Charter Hall Long WALE REIT 2025 Full Year Results ASX:CLW For personal use only For personal use only Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country. Charter Hall Long WALE REIT 2025 Full Year Results Agen d a Agen d a Cover: Coles Distribution Centre Perth, WA Left: Charter Hall managed asset, Woodstock Avenue Industrial Ce ...

Core Viewpoint - Armada Hoffler Properties reported strong normalized FFO per diluted share of $0.25, significantly surpassing analyst expectations, despite a substantial decline in total revenue due to challenges in the construction business [1][5][8] Financial Performance - Total revenue for Q2 2025 was $101.3 million, down 45.2% from $184.7 million in Q2 2024, primarily due to a steep decline in construction and real estate services revenue [2][5] - Normalized FFO per diluted share decreased by 26.5% year over year, from $0.34 to $0.25 [2] - Rental revenue increased by 3%, rising to $65.1 million from $63.3 million [6] Operational Highlights - The company maintained high occupancy rates across its portfolio, with a weighted average occupancy of 94.9% [6] - Retail renewal spreads were 10.8% (GAAP) and 5.5% (Cash), while office renewal spreads were 11.7% (GAAP) and 5.5% (Cash), indicating effective lease management [7] - The construction backlog decreased to $106.6 million, reflecting a strategic shift away from third-party projects [8] Strategic Focus - Armada Hoffler is concentrating on core property-level income and has shifted focus from fee-based construction to stable rental income [5][8] - The company is actively managing its financial position, with total debt rising to $1.45 billion as of June 30, 2025, and has issued $115.0 million in senior notes to refinance variable-rate loans [9] - The quarterly dividend was set at $0.14 per share to align with property-level cash flow [10] Future Guidance - Management reaffirmed full-year 2025 guidance for normalized FFO per share at $1.00 to $1.10, with construction segment gross profit expected between $4.8 million and $6.8 million [13] - The company is prioritizing portfolio stabilization and prudent development, with a focus on replacing declining construction revenue with stable property NOI [14]

Core Insights - The investment of $2.8 billion by Dragoneer into OpenAI has significantly altered the capital dynamics in Silicon Valley, with OpenAI's valuation soaring to $300 billion and annual recurring revenue reaching $13 billion, highlighting the harsh reality of the AI industry's Matthew effect entering its final stage [1][3] - Microsoft's strategic partnership with OpenAI, leveraging a $13 billion investment to unlock a book value of $147 billion, has resulted in a 35% revenue growth for its Azure cloud business, showcasing a sophisticated model of "parasitic innovation" in the tech industry [1][6] Investment Dynamics - The entry of top-tier capital firms like Blackstone, TPG, and T. Rowe has propelled OpenAI's financing narrative, with annual recurring revenue increasing from $10 billion in June to $13 billion, indicating a brutal reality of resource concentration in the AI sector [3][5] - Dragoneer's $2.8 billion commitment represents 21.5% of OpenAI's projected annual revenue for 2023, revealing the capital's acute control over the commercialization pace of AI [3] Competitive Landscape - The cumulative valuation of $250 billion for 15 startups founded by former OpenAI employees illustrates a new industry order being constructed through shared technological lineage, with OpenAI's valuation acting as both a result and a catalyst for this phenomenon [5][10] - The competition in the AI sector is intensifying, with companies like xAI and Anthropic also aggressively seeking funding, indicating a new phase in the "arms race" within the industry [10] Regulatory Challenges - The ongoing legal battle involving OpenAI and The New York Times over data usage highlights a significant conflict in global data governance, with potential fines amounting to hundreds of millions of dollars threatening OpenAI's commercialization foundation [9] - The contrasting strategies of Chinese internet companies, which leverage compliance through reduced fees, underscore the systemic conflicts faced by OpenAI in navigating regulatory landscapes [9] Strategic Implications - The Microsoft-OpenAI collaboration offers three key insights for the tech industry: ecosystem binding is more powerful than technological leadership, data compliance directly impacts valuation, and Apple's strategy of "not pioneering but leading" remains effective in the AI era [11] - As OpenAI's annual recurring revenue approaches $20 billion, the AI industry is transitioning from a phase of technological exploration to one of commercial harvesting, with the competition among rule-makers just beginning [11]