Key TakeawaysNVIDIA (NVDA) is projected to report Q4 revenue of approximately $65.7 billion, representing a massive 67% year-over-year increase driven by relentless AI demand.Wall Street expects adjusted earnings per share (EPS) of $1.53, with critical focus on whether gross margins can maintain the 75% threshold.Guidance for Q1 FY2027 will be the primary market mover, with analysts looking for a forecast between $72.4 billion and $75 billion to sustain the current "AI supercycle" narrative.Investor attenti ...

U.S. President Donald Trump sits in the Oval Office to sign executive orders, at the White House in Washington, D.C., U.S., Dec. 18, 2025.The major technology companies will meet President Donald Trump at the White House next week to sign a pledge to supply their own power for artificial intelligence data centers. The companies attending the March 4 meeting include Amazon, Google, Meta, Microsoft, xAI, Oracle and OpenAI, a White House official confirmed."Under this bold initiative, these massive companies w ...

Core Insights - Samsung has launched the Galaxy S26 series, integrating Alphabet's Gemini AI technology prominently, marking a significant step in mobile AI applications [1] - The S26 features a multi-agent AI system combining Google's Gemini, Perplexity, and an upgraded version of Samsung's Bixby, showcasing Samsung's strategy to diversify its AI partnerships [2] Group 1: AI Integration - Samsung is combining three AI engines: Google's Gemini for tasks like booking rides, Perplexity for web queries, and an enhanced Bixby as the on-device assistant [2] - The S26 allows Gemini to perform autonomous actions within third-party apps, expanding its functionality beyond Samsung's ecosystem [3] Group 2: Partnership Dynamics - Samsung's partnership with Google has deepened, with Samsung being the first to ship Gemini in the Galaxy S24 and enhancing integration in subsequent models [3] - Despite past efforts to establish independence with its Tizen OS and Bixby, Samsung has aligned closely with Google in the AI era while also engaging with Perplexity for additional options [4] Group 3: Market Position - Samsung has emerged as the most significant distribution channel for Google's consumer AI, a position that Apple has yet to match despite its own investments in AI technology [5]

If there is one thing the 2026 State of the Union proved, it is that President Donald Trump remains the only person capable of turning a formal constitutional requirement into a four-hour marathon of populist giveaways and legal grievances. While the speech was officially the longest in American history—clocking in at a duration that suggests the President is being paid by the word—the stock market spent the evening doing what it does best when faced with “unpredictable” policy shifts: twitching nervously a ...

责任编辑：张俊 SF065 Alphabet旗下的自动驾驶技术公司Waymo开始在达拉斯、休斯顿、圣安东尼奥和奥兰多为特定乘客提供 无人驾驶出行服务，其商业覆盖范围由此扩展至美国10个大都市区。 Alphabet旗下的自动驾驶技术公司Waymo开始在达拉斯、休斯顿、圣安东尼奥和奥兰多为特定乘客提供 无人驾驶出行服务，其商业覆盖范围由此扩展至美国10个大都市区。 责任编辑：张俊 SF065 ...

格隆汇2月25日｜谷歌盘前涨0.6%，亚马逊涨0.59%，微软涨0.48%，Meta涨0.4%，特斯拉涨0.31%，苹 果跌0.29%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [2] Core Insights - The industry is witnessing a threefold evolution in overseas large models, focusing on reasoning foundation, action implementation, and ecological reconstruction, with major players like Anthropic, OpenAI, Google, and OpenClaw leading the charge [7] - Domestic large model companies are breaking through through open-source foundations, efficiency optimization, and collaborative agent ecosystems, with firms like Z.ai, MiniMax, Kimi, Alibaba, and ByteDance showcasing diverse strategies [7] - The industry trend indicates a shift from generation to action, with competition centering on supply efficiency and ecological reconstruction, emphasizing task complexity and ROI as key growth drivers [7] Summary by Sections Overseas Large Model Evolution - Anthropic has completed a dual-version model iteration, focusing on enterprise workflows and enhancing coding and long-range agent capabilities [11] - OpenAI is concentrating on long-range task closure and tool execution, evolving its models to become collaborative productivity assistants [25] - Google has released Gemini 3.1 Pro to enhance reasoning capabilities and Lyria 3 to expand into audio creation, reinforcing its competitive edge [32][40] - OpenClaw is positioned as a self-hosted gateway, integrating multiple communication channels and supporting tool-based agents [43] Domestic Large Model Breakthroughs - Z.ai's GLM-5 aims to extend open-source model capabilities to complex systems and long-range agent tasks, with a focus on engineering deployment [48] - MiniMax's M2.5 emphasizes real-world productivity, optimizing costs and throughput to facilitate agent scalability [53] - Kimi's K2.5 leverages a multi-modal MoE architecture to enhance visual understanding and parallel agent execution [65] - Alibaba's Qwen3.5-Plus focuses on open-source upgrades and multi-modal transitions to drive agent scalability [73] - ByteDance's recent model releases aim to transition AI capabilities from dialogue to actual task execution [81] Industry Trends - The industry is transitioning from generation to action, with a focus on supply efficiency and ecological reconstruction, as evidenced by the increase in token processing volumes and the emergence of efficiency-friendly models [89]

Core Viewpoint - A California woman is testifying against Meta Platforms and YouTube, claiming that their platforms contributed to her mental health issues, including depression and body dysmorphia, stemming from her early use of these social media services [2][3]. Group 1: Plaintiff's Claims - The plaintiff, known as Kaley G.M., began using Instagram at age 9 and YouTube at age 6, alleging that these platforms were designed to hook young users despite known mental health risks [2][3]. - Her lawyers argue that features like autoplay videos and endless scrolling were intentionally designed to keep users engaged longer, which they claim exacerbated mental health issues among younger users [6]. - An internal study by Meta indicated that teens with difficult life circumstances reported more habitual or unintentional use of Instagram, supporting the plaintiff's claims [5]. Group 2: Legal Context and Defense - The trial is part of a larger global backlash against social media companies regarding their impact on children and teens, with some countries implementing restrictions on young users [3]. - To win the case, the plaintiff's lawyers must demonstrate that the companies' design and operation of their platforms significantly contributed to her mental health issues [4]. - YouTube's defense argues that the plaintiff did not utilize available features meant to protect users from bullying, such as comment deletion and time management tools [7].

印度庞大的在线人口为成长中的AI公司提供了重大机遇，这给了莫迪谈判筹码。该国约有14亿人拥有 政府颁发的数字身份。超过7亿人拥有数字健康账户，约5亿人使用国家数字支付系统。约8亿人加入了 Facebook和WhatsApp，这让Meta在分发其生成式AI产品方面占据优势。前英国首相里希·苏纳克（现在 为Anthropic和微软工作）对这种"非凡"的数字公共基础设施表示热情，将其描述为"可以开发向10亿人 分发产品的轨道"。 本周，科技行业在两个相距13小时30分钟时差的地方展现出强大的影响力推进。第一个是科技公司眼中 的下一个重要市场，第二个则是它们的大本营。 印度寻求成为全球第三大AI强国 印度正努力将自己定位为仅次于美国和中国的世界第三大AI强国。在上周的印度AI影响力峰会上，这 一雄心得到了充分展现。印度总理纳伦德拉·莫迪在德里举行的会议上对这项技术表达了巨大热情，将 其比作"从石头中击出的第一束火花"。 在峰会上，莫迪阐述了他对印度AI发展的愿景，认为世界不应该让美国和中国主导AI竞赛，印度不应 该接受美中在这一领域的霸权地位。 "我们必须防止AI垄断。许多国家将AI视为战略资产，因此会秘密开发，并谨 ...

Key TakeawaysRBA Governor Michele Bullock emphasized the need for "patience" in assessing monetary policy after raising the cash rate to 3.85% to combat persistent inflation.The USD/JPY pair surged 0.32% to reach a fresh two-week peak of 156.45, reflecting continued divergence in global interest rate expectations.German Chancellor Friedrich Merz arrived in Beijing for high-stakes talks with President Xi Jinping, focusing on trade relations and the impact of new US tariffs.Russian authorities imposed a new f ...