Amazon's partnership with Anthropic has been a big success and is set to drive significant growth in the tech giant's cloud business in coming years, according to new estimates released on Friday. Amazon Web Services stands to generate billions of dollars in extra in revenue from the alliance, Morgan Stanley analysts wrote in a note to investors.The investment bank estimated that AWS could generate $1.28 billion in sales in 2025 from Anthropic's use of its cloud services. That number could balloon to almos ...

July 8, 2025 09:00 PM GMT Asia Technology | Asia Pacific AI ASIC: Reconciling Trainium2 chip shipments We attribute the AWS Trainium2/2.5 chip shipments mismatch (between semis and systems) to unstable PCB yield rates. We expect chip shipments to reach around 1.1mn in 2025. Reason for this report: We conducted follow-up research on AI Supply Chain: AI ASIC dynamics: Trainium and TPU, as some investors expressed confusion about the wide range of AWS Trainium2/2.5 chip shipment assumptions, from 1mn to 2mn un ...

Group 1 - Amazon is considering a significant additional investment in AI startup Anthropic, potentially amounting to several billion dollars, to strengthen their strategic alliance [1] - This new investment would build on Amazon's previous investment of $8 billion, aiming to enhance their competitive position in the global AI commercialization landscape against Microsoft and OpenAI [1][3] - Amazon's investment will ensure it remains one of the largest shareholders in Anthropic, which has also received over $3 billion from Google [1][3] Group 2 - Amazon's recent investment in Anthropic is part of a series of investments, including $2.75 billion in March 2022 and $1.25 billion in September 2023, marking Amazon's largest external investment in nearly 30 years [3] - The collaboration includes a major data center project, Project Rainier, which will support Anthropic's computing needs and is expected to consume 2.2 gigawatts of power, surpassing Oracle's facility for OpenAI [3] - Anthropic, founded in 2021 by former OpenAI employees, has a recent valuation of $61.5 billion, with other investors including Microsoft and Salesforce Ventures [3] Group 3 - The partnership between Amazon and Anthropic is viewed as potentially more stable than the relationship between Microsoft and OpenAI, due to Anthropic's structure as a for-profit entity [5] - However, there are risks associated with Amazon's decision to invest in training its own AI models, which could impact Anthropic's reliance on Amazon for enterprise customer channels [5]

亚马逊正考虑向AI初创公司Anthropic追加数十亿美元投资，以深化两家公司在人工智能领域的战略联 盟。这项新投资将使亚马逊在已投入80亿美元基础上进一步加码，旨在帮助双方在全球AI商业化竞争 中获得优势。 7月10日，据媒体报道，知情人士透露，总部位于西雅图的云计算和电商巨头亚马逊已讨论扩大对AI模 型构建商Anthropic的投资计划。新的投资将确保亚马逊保持Anthropic最大股东之一的地位，与已投资 超过30亿美元的谷歌展开竞争，同时抗衡微软与OpenAI之间类似的数十亿美元合作关系。 这项投资还将深化双方在全球最大数据中心项目之一上的合作，并加强向亚马逊云计算客户销售 Anthropic技术的团队协作。亚马逊全球企业发展副总裁Dan Grossman表示："我们很快意识到双方有许 多根本性的共同目标。现有投资的规模代表了我们的雄心。" 不过，报道指出，两家公司的紧密结盟策略并非没有风险。该战略联盟面临的风险在于，微软对 OpenAI的140亿美元投资虽然帮助两家公司在AI产品商业化竞赛中取得早期领先，但由于ChatGPT制造 商希望转向营利模式，这一联盟正面临压力。 史无前例的数据中心合作 今年 ...

| Company | | Location | Number Of Chips | Type Of Chip | Status | Notes | | --- | --- | --- | --- | --- | --- | --- | | | | U.S. | 16,384 | H100 | Operating | Nvidia rents these servers for its DGX Cloud service | | awa | Amazon Web Services | Berwick, Pa. | Unknown | GPU | Planned | Data centers would be located | | | | | | | | next to a nuclear power plant | | | | Phoenix area | Unknown | GPU | Operating | | | | | U.S. | >200,000 | Trainium2 | Planned | AWS plans to build a Trainium | | | | | | | | clust ...

分析师：李璐毅 登记编码：S0730524120001 lily2@ccnew.com 021-50586278 英伟达 GB300 正式出货，海外算力高速 发展 ——通信行业月报 证券研究报告-行业月报 强于大市(维持) 通信相对沪深 300 指数表现 相关报告 《通信行业半年度策略：AI 算力升级，价值 成长主导》 2025-06-20 《通信行业月报：电信运营商收入增速回升， 海外算力复苏》 2025-06-10 《通信行业月报：北美云厂商加大 AI 资本开 支，AI 算力中心带动光模块市场增长》 2025-05-15 通信 发布日期：2025 年 07 月 09 日 -13% -6% 1% 7% 14% 21% 27% 34% 2024.07 2024.11 2025.03 2025.07 通信 沪深300 资料来源：中原证券研究所，聚源 电话： 0371-65585629 地址： 郑州郑东新区商务外环路10号18 楼 地址： 上海浦东新区世纪大道1788 号T1 座22 楼 ⚫ 2025 年 6 月，通信行业指数强于沪深 300 指数。通信行业指数 6 月上涨 13.15%，跑赢上证指数（+2.90 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 来源：内 容 编译自 semiengineering 。 先进封装正在成为高端手机市场的关键差异化因素，与片上系统相比，它能够实现更高的性能、更大的灵活性和更快的上 市时间。 单片SoC凭借其外形尺寸、成熟的经验和较低的成本，很可能仍将是中低端移动设备的首选技术。但多芯片组件提供了更 大的灵活性，这对于AI推理以及跟上AI模型和通信标准的快速变化至关重要。最终，OEM厂商和芯片制造商必须确定如 何在设计周期内适应变化，以及瞄准哪些细分市场。 新思科技移动、汽车和消费 IP 产品管理执行总监兼MIPI 联盟主席 Hezi Saar 表示："不受手机制造商束缚的 SoC 供应商 必须追求具有 AI 功能的物联网 SoC 低端功能，而这款产品肯定是单片的。如果他们需要进军移动领域的中端市场，那么 其功能将比物联网更高。它也可能是单片 [SoC]，并可能通过多芯片技术进行扩展。当你走向高端时，很明显你不能只采 用单片技术。你需要具备制造多芯片的能力，以适应即将发生的变化和快速的上市时间，因为这才是他们真正赚钱的地 方。" 多芯片组件还能实现计算单元的更大多样性，包括 C ...

2025年的二季度已经结束，GB200也已经开始大规模的出货，各个机构也调高了GB200的出货预期。用一句话总结今年的AI服务器市场就是：NVIDIA 领跑，ASIC崛起。 根据Bernstein的数据，2024-2026年，全球服务器市场预计以3%的年复合增长率（CAGR）稳步增长，到2026年规模将逼近4000亿美元。而AI服务器无疑 是这波增长的核心动力，其在整体服务器市场的占比将从2024年的低个位数跃升至2026年的高个位数。 具体来看，2024年全球服务器出货量同比增长4%，未来两年增速略有放缓，但AI服务器的出货量却保持两位数增长。特别是高端GPU服务器（每台配 备8个以上GPU，比如NVIDIA的GB200和GB300机架），2025年预计增长超50%，2026年也有低20%的增幅。2025年全球将部署约450万个NVIDIA GPU 芯片，这数字直接反映了AI服务器需求的火爆。 更有意思的是，高端AI服务器的平均售价（ASP）因NVIDIA下一代Rubin芯片的引入而水涨船高。这不仅推高了市场规模，也让整个供应链嗅到了巨大 商机。 NVIDIA服务器 GB200在2025年第二季度开始量产， ...

Core Insights - Nebius Group N.V. (NBIS) shares have increased by 81.4% year to date, significantly outperforming the Zacks Computer & Technology sector and the Zacks Internet Software Services industry's growth of 7.9% and 26.8%, respectively [1] - The S&P 500 Composite has risen by 6.2% during the same period [1] Price Performance - The stock's performance has surpassed major players like Microsoft (MSFT) and Amazon (AMZN), which have gained 18.3% and 1.8%, respectively [4] - CoreWeave (CRWV) has experienced a remarkable increase of 313% since its trading debut on March 28 [4] Challenges for Nebius - Nebius, based in Amsterdam, is a neo cloud company that has recovered from a significant sell-off in April, but still faces challenges due to a volatile global macroeconomic environment [5] - The company competes with major players in the AI cloud infrastructure space, including Amazon, Microsoft, and Alphabet, as well as smaller competitors like CoreWeave [5] Market Dynamics - Amazon Web Services and Microsoft's Azure dominate over half of the cloud infrastructure services market [6] - Microsoft's partnership with OpenAI provides Azure with priority access to leading AI models, while Amazon's AI segment is experiencing triple-digit percentage growth year over year [6] Financial Performance - Despite strong top-line growth, NBIS remains unprofitable, with management indicating that adjusted EBITDA will be negative for the full year 2025, although it expects to turn positive in the second half of 2025 [7][9] - The company has raised its 2025 capital expenditure forecast to approximately $2 billion, up from $1.5 billion, which raises concerns about sustaining high capital intensity amid fluctuating revenues [8] Strategic Focus - Nebius is concentrating on technical enhancements to improve reliability and reduce downtime, aiming to boost customer retention and increase its share of the AI cloud compute market [9] - The company has reaffirmed its annual recurring revenue (ARR) guidance of $750 million to $1 billion and overall revenue guidance of $500 million to $700 million for 2025 [9] Valuation Concerns - Nebius appears overvalued, indicated by a Value Score of F, with shares trading at a Price/Book ratio of 3.75X, lower than the Internet Software Services industry's ratio of 4.2X [12][13] Investment Outlook - Given the intense competition from hyperscalers and ongoing unprofitability, the near-term outlook for NBIS is tempered, leading to suggestions that investors may consider locking in gains and offloading the stock [14]

现在大家都在说国内各行各业都太卷了，国内的牛马们羡慕国外的work life balance的生活。但硅谷 目前也是卷的不行，正在上演一场史无前例的人才争夺战，焦点集中在AI领域的顶尖专家。 AI ASIC的厂商们，后面几年也都是一年一次平台的升级。 | | Alchip | GUC | MTK | Broadcom | Marvell | | --- | --- | --- | --- | --- | --- | | AWS | Trainium 1-7nm | | | Trainium 4? | Trainium 2-5nm | | | Inferentia 2-7nm | | | | Trainium 2.5 | | | Trainium 3-3nm | | | | Trainium 3-3nm | | | Trainium 4? | | | | Trainium 4? | | Meta | | | | MTIAv1-7nm | | | | | | | MTIAv2-5nm | | | | | | | MTIAv3-3nm | | | Microsoft | | Cobalt 1-5nm Maia 1- ...