林俊旸 ,离职阿里千问后首次发声。 他没有回应离职风波或宣告去向,而是发长文探讨 从“推理模型时代的思考”到“智能体时代的思考”的转变 。 整篇文章谈的是技术和AI的未来方向,但字里行间对千问技术路线的反思藏不住。 他在文中坦白承认 “我们没有全做对” (We did not get everything right), 千问团队曾有一个雄心勃勃的构想:把thinking和instruct两种模式...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. Join us each week as we put a unique lens on the Golden State. Sign up here if you’re not already on the list. Just when you thought California couldn’t get any more expensive. As the war with Iran continues to roil commodity markets, few places are as vulnerable...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. Join us each week as we put a unique lens on the Golden State. Sign up here if you’re not already on the list. Just when you thought California couldn’t get any more expensive. As the war with Iran continues to roil commodity markets, few places are as vulnerable as California. The state imports about 20% of its refined fuels from Asia and the Middle-East conflict has left those nations struggling to meet their own needs, let alone those of somewhere else. The result? Diesel prices in the state broke the highest level on record this week and some gas stations have recently charged as much as $8 a gallon, prompting a local regulator to warn of price gouging . Chevron also had its own warning for California: Declare an emergency, cut taxes and regulations —or else we will be gone in 10 years for sure. The crisis has led to finger-pointing between Governor Gavin Newsom and the Trump administration, which in turn is frantically trying to find a way out of the conflict. Regardless, this is a dangerous time for state Democrats: They have already fallen behind on the race to replace Newsom (more on that below) and now face another blow in what’s already one of California’s fundamental issues—cost of living. California is disconnected from the US fuel-making centers of Texas and Louisiana, essentially making it an energy island with some of the priciest gas in the nation. Even before the war, Newsom was already walking a tightrope balancing the state’s status as a leader for environmental policies and the realities of gas prices at the pump. Now, that equilibrium is even more precarious. Maybe we should all just buy EVs ? Up Front A former Fox News commentator and a mustachioed sheriff together in the same sentence sound like the beginning of a really weird joke . California Democrats certainly aren’t laughing . Two Republicans, Steve Hilt...
Robert Way/iStock Editorial via Getty Images Investment Thesis NVIDIA's ( NVDA ) shares traded in a narrow range for the past 6 months, despite the AI chip maker delivering eye-watering growth rates. Q4'26 revenue is up 73% YoY, ending the year with $216 billion, up 65% YoY. Despite management's forecasts of continued growth momentum in 2026 and beyond, the stock price traded flat for the past six...
Robert Way/iStock Editorial via Getty Images Investment Thesis NVIDIA's ( NVDA ) shares traded in a narrow range for the past 6 months, despite the AI chip maker delivering eye-watering growth rates. Q4'26 revenue is up 73% YoY, ending the year with $216 billion, up 65% YoY. Despite management's forecasts of continued growth momentum in 2026 and beyond, the stock price traded flat for the past six months. Data by YCharts Investors' apathy towards NVDA's recent growth suggests that the market is now questioning the sustainability of current performance, the size of the AI market, and perhaps the sustainability of NVIDIA's position. Looking closer at the market dynamics, I believe investors are underestimating the quality of the AI tailwinds. Demand is driven by real economics, not hype. New AI uses are being created every day, generating revenue and cutting costs. The current computing infrastructure doesn't supply enough tokens, and more GPUs are needed. In my view, the discrepancy between growth momentum and investors' pessimism creates a unique opportunity for long-term investors. My past article concluded that, despite LLMs being unprofitable, the ample funding implied continued demand for NVDA's chips. Now, the market seems to be undergoing an inflection, with rising inference applications, suggesting a healthy monetization of generative AI, breaking the circular financing that has worried the market. Profit Margins: The Competition Gauge NVDA's gross margins in the 70% range reflect its dominant position in the AI chip market. There are some concerns over the sustainability of this position, contributing to the apathy towards NVIDIA's recent revenue growth figures. Examples include Application Specific Integrated Circuits "ASIC" and Advanced Micro Devices' ( AMD ) deal with OpenAI , both of which reflect hyperscalers' interest in diversifying their AI chip supply. The tension between NVDA and its customers is palpable. Many hyperscalers, such as Amazon ( AMZN )...
Robert Way/iStock Editorial via Getty Images Investment Thesis NVIDIA's ( NVDA ) shares traded in a narrow range for the past 6 months, despite the AI chip maker delivering eye-watering growth rates. Q4'26 revenue is up 73% YoY, ending the year with $216 billion, up 65% YoY.
Robert Way/iStock Editorial via Getty Images Investment Thesis NVIDIA's ( NVDA ) shares traded in a narrow range for the past 6 months, despite the AI chip maker delivering eye-watering growth rates. Q4'26 revenue is up 73% YoY, ending the year with $216 billion, up 65% YoY.
Manager Michael O'Neill says he is positive for the future despite a World Cup play-off defeat by Italy in Bergamo, and questions about his own long-term plans.
Manager Michael O'Neill says he is positive for the future despite a World Cup play-off defeat by Italy in Bergamo, and questions about his own long-term plans.