Core Viewpoint - The stock market showed positive movement with Dow Jones futures rising 0.2% and S&P 500 futures gaining 0.1% following lower-than-expected weekly jobless claims from the Labor Department, while Nvidia experienced significant gains after strong earnings reports [1]. Group 1: Stock Market Performance - Dow Jones futures increased by 0.2% and S&P 500 futures rose by 0.1% [1] - Nasdaq-100 index futures also moved up slightly ahead of the market opening [1] Group 2: Nvidia's Performance - Nvidia was highlighted as an early winner in the stock market due to its strong earnings [1] - Nvidia's future revenue potential from robotaxis is projected to reach "hundreds of billions" as fleets from companies like Tesla and Waymo proliferate [1] - Nvidia's earnings report exceeded Wall Street targets, contributing to a rise in its stock price [1]

Core Insights - Waymo is expanding its autonomous ride-hailing business into Chicago, marking a significant urban expansion and a test of its technology in a complex environment [1][2][11] - The company has begun initial mapping and manual vehicle testing in Chicago, laying the groundwork for future operations [1][6] - Waymo's autonomous driving system has logged over 127 million fully autonomous miles, demonstrating a significant safety advantage over human drivers [3] Expansion Details - Chicago represents one of Waymo's largest urban expansions to date, aiming to establish a foothold in the Midwest [2][11] - The expansion is part of a broader strategy to enhance road safety and accessibility while fostering local economic growth [6][8] - The timeline for fully driverless public service in Chicago has not been disclosed [1] Safety and Community Engagement - Waymo's vehicles reportedly experience up to 10 times fewer serious injuries or worse collisions and 12 times fewer pedestrian collisions compared to human drivers [3] - Local leaders, including Kam Buckner, emphasize the importance of this initiative for safer streets and innovation in transportation [8] - Safety advocates express cautious optimism about the potential of autonomous vehicles to reduce crashes caused by impaired driving if deployed responsibly [9]

Quantum Computing Stocks: IonQ Earnings, Revenue Beat Amid Acquisitions | Investor's Business DailyBREAKING: [Dow Futures Rise After Strong Nvidia Earnings]---Kicking off earnings reports for quantum computing stocks, IonQ (IONQ) reported fourth quarter profit and revenue that topped estimates amid an acquisition spree. The company's 2026 guidance came in well above expectations. IonQ stock popped on the news on Thursday. The company reported financial results after the market close on Wednesday. For the De ...

在全国政协委员、科学技术部原副部长李萌看来，自动驾驶是第一个通向具身通用人工智能的产品，其 战略意义远超交通范畴。"只有进化成为行动派，AI才能够对经济和社会发展以及人类的解放做出更大 的贡献。"他表示，当前产业发展正处于"奇点时刻"，谁先突破商业化、规模化，谁就能取得先发优 势。 全国政协委员、中国工程院院士陈左宁指出，高阶自动驾驶与具身智能是智能原生应用的典型代表，核 心在于让AI从数字空间走向实体经济，是国家布局未来产业的关键。 记者注意到，在政策层面，多位委员呼吁加快制度供给。全国政协委员、交通运输部科学研究院副院长 王先进指出，当前自动驾驶试点仍是"小规模、区域性"的，缺乏区域级联动的场景验证，已成为规模化 产业化的"关键卡点"。他建议选择有条件的都市圈建立5到10个区域级工程验证平台，打造具有全球影 响力的自动驾驶应用集群。 无人驾驶作为人工智能与实体经济深度融合的重要应用，正成为各方关注的焦点。图为萝卜快跑无人驾 驶汽车行驶在阿布扎比街头。萝卜快跑供图 中国青年报客户端讯（中青报·中青网记者 张真齐）今年全国两会召开前夕，多位全国政协委员及行业 专家围绕无人驾驶这一战略性新兴产业展开热议。 无人 ...

特斯拉首席执行官埃隆·马斯克多次承诺将在加州推出无人驾驶出租车（Robotaxi）服务，但最新监管记 录表明，该公司在实际推进审批合规方面未取得任何实质性进展。 据路透社报道，加州机动车辆管理局（DMV）的未公开记录及该机构发言人证实，特斯拉在2025年未 采取任何行动以获取相关运营许可。数据显示，该公司在加州道路上的自动驾驶路测里程已连续第六年 为零。 这一停滞状态直接冲击了支撑特斯拉1.5万亿美元市值的核心叙事。投资者长期押注特斯拉能够顺利运 营庞大的无人驾驶车队并实现软件订阅的规模化变现，而加州作为美国最大的汽车市场，是实现这一战 略雄心的关键支柱。 尽管马斯克屡次将服务延期归咎于审批流程漫长，但南卡罗来纳大学法学教授、自动驾驶专家 Bryant Walker Smith 指出，特斯拉试图传递"企业已准备就绪而监管滞后"的信号，但现实情况恰恰相反。 路测数据面临合规门槛 目前，特斯拉仅持有DMV的入门级许可，该许可要求测试时必须有安全员坐在驾驶座上。DMV发言人 表示，特斯拉尚未申请任何额外许可。根据预计于今年晚些时候敲定的DMV新规草案，企业在申请无 安全员测试许可前，必须在安全员监督下于加州公共道路 ...

Core Insights - The article discusses the evolution and globalization of China's ride-hailing industry, highlighting key players like Didi and Cao Cao Mobility, and their strategies for international expansion [1][4][8]. Group 1: Ride-Hailing Platforms - Didi has been expanding internationally since 2015, initially through capital investments in platforms like Grab and later acquiring local companies such as 99 in Brazil, marking a shift from mere investment to deep market penetration [4][5]. - As of now, Didi has 55 million active users and 1.5 million drivers in Brazil, covering over 3,300 towns, and has extended its reach to 14 countries across Latin America, Asia-Pacific, and Africa [5]. - Didi's international business saw over 20% growth in Q3 2025, with order volume increasing by 24.3% year-on-year to 1.162 billion orders, indicating its significant global presence [6][5]. - Cao Cao Mobility, backed by Geely, has also made strides in international markets, achieving a total transaction volume (GTV) of 17 billion yuan in 2024, with a market share of 5.4% [6][7]. Group 2: Autonomous Driving - The autonomous driving sector is a critical extension of the ride-hailing industry, with companies like WeRide and Pony.ai aggressively pursuing global expansion [9][10]. - WeRide received approval to operate a fully autonomous Robotaxi service in Abu Dhabi, marking a significant milestone as the first city-level L4 autonomous driving commercial license outside the U.S. [10]. - Pony.ai has also made progress in the Middle East, conducting successful Robotaxi road tests in Qatar and obtaining testing permits in Dubai [10][11]. - Baidu's Apollo Go has initiated public autonomous driving services in Abu Dhabi and is exploring partnerships in Europe to navigate regulatory challenges [11]. Group 3: New Entrants - New players like Hello Bike are emerging in the market, leveraging support from Ant Group to expand their business model beyond bike-sharing to include four-wheeled transport and local services [14][15]. - The ride-hailing industry in China is projected to grow significantly, with the market size expected to reach 10 trillion yuan by 2029 [13]. - The article notes that the demand for mobility solutions is driving innovation and competition, with various companies exploring new technologies and business models [13][16]. Group 4: Industry Trends - The article emphasizes the importance of digital mapping and location services in the ride-hailing industry, as companies adapt to new technologies that reduce reliance on high-precision maps [15]. - The rise of eVTOL (electric vertical takeoff and landing) vehicles is highlighted, with companies like XPeng and Tsinghua Technology securing significant orders for eVTOL aircraft [15][16]. - The overall narrative suggests a burgeoning global landscape for the ride-hailing and mobility sectors, with Chinese companies poised to play a significant role in shaping the future of transportation [17].

来源：未尽研究 作者：未尽研究 这些危机叙事显得逼真，是因为它们并非从未来倒推，而是从当下延伸。现实已经出现了若干可被拼接的信号。 "软件只是开场"正在变成一种共识。近期，Anthropic突破白领工业革命的积极尝试，让市场相信，那些支撑美国经济的高价值知识工作，不再被视为自动 化的例外，正在接近系统性替代的拐点。 进入2026年，进入马年，市场正弥漫着一种诡异的、前所未有的气氛。 资本市场正在提前交易一场尚未真正到来的结构变化。从"一件大事正在发生"，到"2028年全球AI危机"，美国股市越来越容易被这些宏大叙事所牵引。华尔 街怀疑，AI能力的自我递归提升，会先于制度与市场的调节能力，同时制造一次宏观经济的自我递归式的恶化。 昨晚，独立研究机构Citrini用一篇假设写于2028年6月的备忘录，讲述了这样相互嵌套的递归链条。当晚，美国再次崩盘，道指下跌800点，不仅包括前阵子 就深跌的SaaS股与网络安全股，这次还包括黑石（Blackstone）、万事达（Mastercard）这样的金融大蓝筹。 Citrini并带来没有太多新鲜的观点，很多都是ChatGPT刚出现时，经济学家就已经提出的担忧，以及一些AI大 ...

Group 1: NVIDIA and Market Expectations - NVIDIA's earnings are highly anticipated, with expectations of a 5% swing in stock price due to data center performance [2][12] - The company is projected to have a $500 billion pipeline by 2026, with investor focus on demand signals extending into 2027 [4] - Current margins for NVIDIA are at 75%, with concerns about supply constraints affecting delivery capabilities [5][7] Group 2: AI and Investment Sentiment - There is a growing concern that a breakdown in AI trade could undermine major growth engines for equities [8] - Investor confidence in AI-related companies like NVIDIA and Meta is wavering, leading to a contradictory market sentiment [9][11] - Despite fears, there are opportunities emerging in AI and disruptive industries, suggesting a potential for long-term investment [11][13] Group 3: Earnings Season Insights - The overall earnings season has shown strong revenue growth, particularly among technology companies and hyperscalers [14][15] - Companies are increasing spending estimates for 2026, indicating that AI investments are continuing despite market jitters [15] - Salesforce and Snowflake are facing scrutiny regarding their ability to generate new revenue from AI products amid a slowdown in core business growth [53][54] Group 4: Anthropic and Government Relations - Anthropic is facing pressure from the Pentagon to comply with government terms regarding AI technology usage, amid a competitive landscape with companies like OpenAI and Google [28][30] - The company has set conditions against mass surveillance and fully autonomous weapon use, highlighting the tension between safety standards and competitive pressures [31][33] Group 5: Circle and Stablecoin Growth - Circle reported a 72% year-on-year growth in USDC, with transaction volumes reaching nearly $12 trillion, up 250% year-on-year [38][39] - The company is diversifying its offerings and building operating systems for a new economic framework centered around stablecoins [40][41] Group 6: Paramount and Warner Bros. Negotiations - Paramount's new offer for Warner Bros. has met the threshold for further negotiations, with both companies preparing to release earnings [44][46] - The deal dynamics are influenced by regulatory hurdles and the changing landscape of cable television [48][50]

Google is moving further into physical AI by bringing a familiar robotics software platform under its wing.Alphabet-owned Intrinsic, which builds AI models and software designed to make industrial robots more accessible, is joining Google, the companies announced on Wednesday. Intrinsic will remain a distinct entity within Google but will work closely with Google DeepMind and will tap into Google’s Gemini AI models and cloud services. Alphabet declined to share information regarding funding or purchase pri ...

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 ...