文章提及标的 慧博云通 -- 慧博云通（301316）公告，公司拟以510万元人民币的交易对价将参股公司慧博元年25.50%股权转让给公司控股股东深圳申晖控股有限公司。本次交易完成后，公司不再持有标的公司股权。

MarianVejcik/iStock via Getty Images Market Environment U.S. equities finished higher during the quarter with 9 of 11 GICS sectors posting positive returns. Health care and communication services contributed the most to market returns while real estate and utilities were the sole detractors. Portfolio Performance The portfolio's return was 8.36% (net) for the reporting period. This compares to the Russell 1000 Value Index that returned 3.81% for the same period. Performance highlights Contributors Warner Bros Discovery ( WBD ) Alphabet ( GOOG ) First Citizens Bancshares ( FCNCA ) Detractors Equifax ( EFX ) Paycom Software ( PAYC ) Liberty Broadband CI C ( LBRDK ) Top contributors: Warner Bros Discovery ( WBD ) was a contributor during the quarter. The U.S.-headquartered media company's stock price surged as multiple parties submitted offers to acquire all or part of the business. Following several rounds of bidding, WBD announced an agreement to sell its Streaming and Studios business to Netflix, while spinning the Global Networks business to shareholders. Paramount Skydance subsequently made a direct $30 per share offer to shareholders for the entire company. We are pleased with the steps the WBD board has taken thus far to unlock shareholder value. We will continue to closely monitor developments as this bidding war unfolds. Alphabet was a contributor during the quarter. The U.S.-headquartered technology conglomerate's stock price jumped after it delivered impressive third-quarter earnings. Search revenue growth beat consensus expectations as Google continues to see strong user engagement trends. Results were also ahead of expectations in the Cloud segment, and the outlook for this business remains robust given accelerating demand for AI compute. We continue to believe Alphabet is undervalued on a sum-of-the-parts basis and see potential for the company's AI leadership to drive further upside across the portfolio. First Citizens Bancshares was a contributor during...

And he's putting his money and shareholders' money where his mouth is. Despite soaring stock market valuations over the last few years, trillion-dollar companies are still a rare breed. Just 11 stocks traded on U.S. stock exchanges are currently worth 13 figures. The majority of them are closely tied to advances in artificial intelligence (AI). Investors looking for the next trillion-dollar company would be right to consider some of the smaller AI stocks in the market. The technology holds a lot of promise to transform businesses across every industry, and a company facilitating that transformation could be worth a lot of money. One CEO believes his company is on a path to get there, but it's worth just over $100 billion right now. Here's why ServiceNow (NOW +2.54%) CEO Bill McDermott believes his company is a $1 trillion company in the making. Building the AI control tower ServiceNow got its start as simple IT service management software, but it's massively expanded its portfolio since. It now sports solutions for customer service, security, HR, finance, sales, legal, and just about any department you can think of at a large-scale enterprise. It counts 85% of the Fortune 500 as customers. It continues to add new services to its platform with tuck-in acquisitions. It recently acquired cybersecurity provider Moveworks for $2.85 billion and agreed to buy another cybersecurity company, Armis, for $7.75 billion. Many investors are worried about the price tags on those acquisitions, but they put ServiceNow in a great position to provide cybersecurity solutions for agentic AI. ServiceNow moved quickly to integrate generative AI solutions across its services a few years ago. Its Now Assist AI solution suite reached $600 million annual contract value as of the end of 2025. Management expects it to hit $1 billion this year. Expand NYSE : NOW ServiceNow Today's Change ( 2.54 %) $ 2.64 Current Price $ 106.51 Key Data Points Market Cap $111B Day's Range $ 105.00 - $ 108.98 52wk...

Key Points Finding the needle in the haystack is tough. This "buy the haystack" strategy exposes investors to the tech sector's biggest winners. Losers will be present too, but history shows that extreme winners overwhelm them over time. 10 stocks we like better than Vanguard Information Technology ETF › I wouldn't blame anyone for being confused by the tech sector's recent whipsaw movements. From shares of Microsoft cratering 10% on the same day that it reports a 60% jump in year-over-year profits, to shares of Apple falling despite the company beating analysts' expectations, the outlook for tech stocks feels especially murky today. One solution, in the words of legendary investor John Bogle, would be to "buy the haystack" rather than trying to just find the needle. The Vanguard Group founder, whose teachings on the advantages of low-cost index funds created legions of fans, preached simplicity and diversification in capturing the market's long-term upside. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » It may seem counterintuitive, but casting a wide net and having exposure to hundreds of companies can position you for tremendous returns. After all, the S&P 500 index -- which tracks the performance of America's 500 largest public companies -- has returned 667% so far this century. This approach will expose investors to plenty of losers, of course. But while the farthest that a stock can fall is 100%, others go on to return hundreds of thousands of percent or more. It's very rare, but that's where buying the haystack comes in. Anyone buying the S&P 500 in November 2001 would have gained exposure to Nvidia's 40,630% rise (ironically, it joined the index back then by replacing Enron). Of course, the S&P 500 contains companies across every sector. For investors seeking exposure to technology, a fund to consider is the Vanguard Information Technolo...

US 'Not Trying To Dismantle NATO' But Europe Must Grow Up: US Envoy The Pentagon's chief strategist is heading to NATO this week to spell out what many European capitals have been quietly dreading: the future U.S. military posture in Europe is under review - likely up for downsizing, and even Europe's US-supplied nuclear umbrella could be up for review and negotiations . Defense Department policy chief Elbridge Colby will represent Washington at Thursday's NATO ministerial, filling in for Defense Secretary Pete Hegseth, who is sitting out this round. However, Secretary of State Marco Rubio is set to lead the US side. US Ambassador to NATO Matthew Whitaker said Colby will address among other things "capabilities that may need to be ultimately transitioned out of Europe." Getty Images Colby has long argued that NATO allies must assume the primary responsibility for their own defense, which aligns with President Trump's priorities - namely that Europe can no longer rely on open-ended American security guarantees, also as Washington aligns toward dominance in the Western hemisphere (Donroe Doctrine). Much of America's military presence may soon be on the move. Speaking before a pre-conference audience, US envoy Whitaker already signaled contention. "I completely reject everything I just heard" he said, as Washington is "not trying to dismantle NATO," but that European allies must take more responsibility. Europe must grow up, he explained. "When your kids are young, they’re dependent on you. But eventually you expect them to get a job. And so to me, that’s where we are. We still love them. You’re still allies," Amb. Whitaker said . While praising allies' willingness boost military spending to 5%, he assessed that they are being too sluggish in turning this extra defense investment and expenditure into actual military capabilities. "One of the things that I’ve noticed in my time here in Europe is there is a lot of discussion and not a lot of action," he emphasized. He wa...

Bloom Energy is transforming into a critical AI infrastructure provider, delivering rapid power solutions that bypass grid congestion to drive record growth.

法国软件巨头达索系统的股价在周三早盘一度暴跌21%，该股或将迎来史上表现最差的一个交易日。 伦敦时间上午8点50分，在巴黎上市的该股股价下跌21%，盘中开盘时曾短暂停牌。 此前，该公司于周三上午公布了第四季度财报，数据显示去年最后三个月软件调整后营收下降5%。 全年总营收持平，为62.4亿欧元（74.3亿美元），低于预期；软件营收增长微弱，为56.4亿欧元。 据伦敦证券交易所集团数据显示，分析师此前预计总营收将达到63亿欧元。 责任编辑：李肇孚

一名男子2020年涉嫌以虛假資料申請政府「防疫抗疫基金」，企圖欺詐186萬元資助，被判監四年。 案件在區域法院判刑。案情指，報稱保安員的53歲被告唐康繼，2020年4月12日至7月2日，先後19次以虛假資料，聲稱經營2間茶葉店和17間美甲店，申請政府援助金。 區域法院法官練錦鴻判刑時，批評被告精心細閱「防疫抗疫基金」計劃，在香港面對疫情及社會事件時「趁火打劫」，令有需要獲得援助的人未能及時得到協助，增加政府行政費用，形容行為「極其缺德」。 對於辯方求情時稱，被告或患腦退化病，法官指被告犯案時，精神狀況優於常人，才有心思偽造文件，加上他並非即時認罪，判處監禁48個月。

格隆汇2月11日｜国务院办公厅印发《关于完善全国统一电力市场体系的实施意见》提出，推动分布式电源公平承担系统调节成本，支持分布式新能源以聚合交易、直接交易等模式参与市场。进一步优化煤电机组运营模式，合理确定机组开机方式和调峰深度，上网电量全部参与电力市场，通过多种交易类型获得收益以覆盖建设运营成本。在保障能源安全的基础上，分品种有节奏推进气电、水电、核电等电源进入电力市场。探索建立体现核电低碳价值的制度，鼓励煤电机组在重污染天气预警期间降低交易电量。

格隆汇2月11日｜昨日收涨1.43%的蔚来(NIO.US)今日美股盘前续涨1.41%，报5.03美元。消息面上，蔚来内部9日下午召开了一场全员会，会上，蔚来创始人、董事长、CEO李斌表示，2025年是蔚来不平凡的一年，团队实现了“不可能的任务”。2月5日，蔚来发布2025年四季度盈利预告，预计录得经调整经营利润（非公认会计准则，剔除股权激励费用）7亿元至12亿元。李斌表示，接下来要继续坚决在技术和产品研发方面坚决进行投入，同时提高研发效率；持续布局充换电基础设施和销售服务网络的建设；持续推行围绕用户价值创造的全员经营组织变革，争取在2026年实现Non-GAAP口径下全年盈利。(格隆汇)

2025年，具身智能领域最火的词就是VLA（视觉-语言-动作模型）。 它成了一种席卷全行业的共识，一个关于具身基础模型的标准答案。在过去的一年里，资本和算力疯狂涌入这条赛道，基本上所有的模型大厂，都在用这套范式。 但很快，现实的物理世界给所有从业者泼了一盆冷水。因为VLA在物理动作执行上很弱。 它能懂极其复杂的文字指令。但当机械臂真正去抓取时，它可能连如何调整手腕姿态以避开杯柄的阻挡都做不好，更别提让它去执行解开鞋带这种涉及复杂物理形变的动作了。 VLA的另一个致命痛点是泛化。本来之所以大家要做模型更新，为的就是不用为每个特殊环境编程，看重的正是大模型的泛化能力。结果现在，任何超越训练规定环境的动作，VLA基本都无法泛化，甚至出了训练环境类似的环境都做不了。 整个行业把泛化的无力，归结于数据的不足。大厂们开始投入亿万资金，用各种方式去采集数据，试图用海量的模拟演示来填补VLA的常识空缺。 但2026年初，英伟达（NVIDIA）发布了两篇论文《DreamZero: World Action Models are Zero-shot Policies》和《DreamDojo: A Generalist Robot World Model from Large-Scale Human Videos》两篇论文，构建了一套全新的具身智能基础模型范式，打破了数据内卷的僵局。 它们一起，给出了一个完全从视频里学习，Zero-shot（零样本）就能泛化执行不同工作的具身模型的可能。 01 VLA缺的不是数据，而是世界模型 要理解DreamZero和Dream Dojo的颠覆性，必须先从底层剖析VLA的系统性缺陷。 VLA的最大问题，就是缺乏世界模型。VLA的底层架构限制了它的认知方式。从谱系上看，VLA和LLM的亲缘更强，反而和纯视觉、纯物理的亲缘较弱。它通过交叉注意力机制（Cross-Attention）将图像的像素块映射到文本的语义空间中，在这个空间里，它理解了杯子和桌子的概念，理解了它们在二维画面中的相对位置。 但物理世界不是二维的语义切片。物理世界是连续的，充满了质量、摩擦力、重力和几何碰撞。 VLA对物理动作和世界的理解相对较弱，因为它本质上是一个「翻译器」。 我们可以用物理学中的状态转移方程来解释。一个完整的世界模型，本质上是在学习一个条件概率分布。它能在给定当前世界的...

政府宣布三項高層官員任命。 政府新聞處處長廖李可期，三月底將出任保安局常任秘書長。她在90年加入政務職系，2018年至2024年擔任保安局副秘書長，參與《基本法》23條立法工作，獲保安局局長鄧炳強點名讚揚。 現任商務及經濟發展局常任秘書長黃少珠，周四起出任政制及內地事務局常任秘書長，接替已展開退休前休假的傅小慧。 至於政制及內地事務局局長一職，仍然懸空。另外，前數字政策專員黃志光已展開退休前休假，由副數字政策專員張宜偉署任。

格隆汇2月11日｜国务院办公厅印发《关于完善全国统一电力市场体系的实施意见》提出，完善更好实现环境价值的绿色电力市场。完善全国统一的绿证市场，进一步发挥绿证作为可再生能源电力生产、消费和环境属性认定的基础凭证作用。扩大绿色电力消费规模，加快建立强制消费与自愿消费相结合的绿证消费制度。加强绿证价格监测，引导绿证价格在合理水平运行。推动发用侧双方签订绿证中长期购买协议。鼓励以绿色电力交易形式落实省间新能源优先发电规模计划，推广多年期交易合同、聚合交易等多种绿电交易模式。研究农林生物质发电项目参与全国温室气体自愿减排交易市场。加快建立绿色电力消费认证机制，全面引入区块链等技术，对绿色电力生产、消费等环节开展全链条认证。持续强化绿色电力消费溯源，研究将绿证纳入碳排放核算的可行路径。完善绿色电力标准体系，在绿证应用、核算等方面加强国际沟通对话，推动我国绿色电力消费标准转化为国际标准。

格隆汇2月11日｜小马智行港股上涨2.6%，带动小马智行(PONY.US)美股盘前涨约2%。消息上，北京时间今日凌晨，国际指数编制公司MSCI公布季度指数评审结果，其中，小马智行港股获纳入MSCI中国指数，有关变动将于2月27日收市后生效。公司被纳入MSCI中国指数，是获得国际资本市场认可的重要里程碑，其好处是多层次且深远的，核心在于提升流动性、优化投资者结构并增强公司声誉。

国务院办公厅印发了《关于完善全国统一电力（562350）市场体系的实施意见》，系统谋划了全国统一电力（562350）市场未来5—10年的目标任务。围绕最新制定的发展目标，《实施意见》着重部署了一批创新举措。《实施意见》提出，进一步推动发电侧经营主体参与电力（562350）市场。落实新能源（850101）可持续发展价格结算机制，鼓励新能源（850101）企业与用户开展多年期交易。推动“沙戈荒”新能源（850101）基地各类型电源整体参与电力（562350）市场，强化跨省跨区和省内消纳统筹。推动分布式电源公平承担系统调节成本，支持分布式新能源（850101）以聚合交易、直接交易等模式参与市场。进一步优化煤电机组运营模式，合理确定机组开机方式和调峰深度，上网电量全部参与电力（562350）市场，通过多种交易类型获得收益以覆盖建设运营成本。在保障能源（850101）安全的基础上，分品种有节奏推进气电、水电、核电（885571）等电源进入电力（562350）市场。探索建立体现核电（885571）低碳价值的制度，鼓励煤电机组在重污染天气预警期间降低交易电量。

格隆汇2月11日｜苑东生物公告，公司参与国家组织集采药品协议期满品种接续采购，公司富马酸比索洛尔片、依托考昔片等13个产品拟中选本次接续采购。其中有12个产品为原国家组织集采1-8批次已中选产品，帕立 骨化醇注射液1个产品本次新中选。上述产品2024年销售收入约65,119.65万元， 占公司2024年总营收比例为48.25%；2025年1-9月销售收入约50,408.47万元， 占公司2025年1-9月总营收比例为49.46%。

思源电气股份有限公司向港交所提交上市申请书 2026-02-11 17:13:12 来源： 同花顺7x24快讯 分享 文章提及标的 思源电气 -- 据港交所文件：思源电气（002028）股份有限公司向港交所提交上市申请书。

In early February 2026, Astera Labs reported past fourth-quarter and full-year 2025 results showing higher sales and a move to profitability, issued first-quarter 2026 guidance, expanded its AI-focused R&D footprint with a new design center in Israel, and announced a CFO transition from Michael Tate to former Rambus finance chief Desmond Lynch effective March 2, 2026. Together, these updates highlight Astera Labs’ efforts to deepen its role in AI and cloud infrastructure through expanded engineering capacity, executive bench strength, and new collaborations with major technology and cloud providers. Next, we’ll examine how the Israel R&D expansion and related AI connectivity ambitions may influence Astera Labs’ existing investment narrative. We've uncovered the 14 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. Astera Labs Investment Narrative Recap To own Astera Labs, you have to believe AI and cloud infrastructure will keep demanding high performance connectivity and that Astera can stay at the center of that buildout. Right now, the key near term catalyst is continued product pull through from hyperscalers, while the biggest risk is how dependent that growth is on a concentrated, highly competitive AI capex cycle. The latest earnings beat, Israel R&D expansion, and CFO handoff look supportive rather than thesis changing in the short term. Among the recent updates, the new Israel design center feels most relevant, because it directly ties into Astera Labs’ AI connectivity roadmap and efforts to broaden its technology and customer reach. If the expanded engineering footprint accelerates adoption of Scorpio switches and related fabrics, it could reinforce the current catalyst of rising content per AI accelerator, while also indirectly addressing customer concentration risk by enabling more use cases and deployment types across data centers. Yet, against all the AI enthusiasm, investors should also be aware of how exposed A...

In early February 2026, Astera Labs reported past fourth-quarter and full-year 2025 results showing higher sales and a move to profitability, issued first-quarter 2026 guidance, expanded its AI-focused R&D footprint with a new design center in Israel, and announced a CFO transition from Michael Tate to former Rambus finance chief Desmond Lynch effective March 2, 2026. Together, these updates highlight Astera Labs’ efforts to deepen its role in AI and cloud infrastructure through expanded engineering capacity, executive bench strength, and new collaborations with major technology and cloud providers. Next, we’ll examine how the Israel R&D expansion and related AI connectivity ambitions may influence Astera Labs’ existing investment narrative. We've uncovered the 14 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. Astera Labs Investment Narrative Recap To own Astera Labs, you have to believe AI and cloud infrastructure will keep demanding high performance connectivity and that Astera can stay at the center of that buildout. Right now, the key near term catalyst is continued product pull through from hyperscalers, while the biggest risk is how dependent that growth is on a concentrated, highly competitive AI capex cycle. The latest earnings beat, Israel R&D expansion, and CFO handoff look supportive rather than thesis changing in the short term. Among the recent updates, the new Israel design center feels most relevant, because it directly ties into Astera Labs’ AI connectivity roadmap and efforts to broaden its technology and customer reach. If the expanded engineering footprint accelerates adoption of Scorpio switches and related fabrics, it could reinforce the current catalyst of rising content per AI accelerator, while also indirectly addressing customer concentration risk by enabling more use cases and deployment types across data centers. Yet, against all the AI enthusiasm, investors should also be aware of how exposed A...

财联社2月11日讯（编辑 李响） 今日，在Q4货政报告和关键经济数据出台下，债市延续偏强走势，10年期国债收益率至1.79%下方，在资金面相对宽松下保持震荡偏暖走势，国债期货多数上涨，10年期和30年期主力合约继续创近期新高，持券过节情绪较浓，市场仍然偏多看待。 具体来看，国债期货收盘多数上涨，30年期主力合约涨0.05%报112.750元，10年期主力合约涨0.06%报108.540元，5年期主力合约涨0.05%报106.050元，2年期主力合约持平于102.472元。 银行间主要利率债收益率涨跌不一，截至下午16:30，10年期国债活跃券250016收益率下行0.8bp报1.787%，30年期国债活跃券2500006收益率下行0.2bp报2.2245%，10年期国开活跃券250220收益率下行0.15bp报1.9495%。 （数据来源：Wind，财联社整理） 一级市场方面： 业内人士指出，从昨晚Q4货政报告继续强调适度宽松的货币政策，到今早远低于市场预期的通胀数据出炉（1月CPI同比上涨0.2%，预期涨0.4%），均利好债市，节前这两天债市预计不会大起大落，大概率是震荡偏暖走势，主要的利空或来自资金面的波动，不过央行呵护态度积极，近期重启14天期逆回购操作，隔夜资金价格下破1.3%，预计利空效果影响有限。 公开市场方面，央行公告称，2月11日以固定利率、数量招标方式开展了785亿元7天期逆回购操作，操作利率1.40%，投标量785亿元，中标量785亿元。同时，以固定数量、利率招标、多重价位中标方式开展了4000亿元14天期逆回购操作。Wind数据显示，当日750亿元逆回购到期，据此计算，单日净投放4035亿元。 资金面方面，Shibor短端品种表现分化。隔夜品种上行0.4BP报1.366%；7天期下行0.8BP报1.523%；14天期下行0.4BP报1.6%；1个月期上行0.01BP报1.5511%。 银行间回购定盘利率多数上涨。FR001持平报1.49%；FR007涨2.0个基点报1.62%；FR014涨1.0个基点报1.65%。 银银间回购定盘利率表现分化。FDR001持平报1.37%；FDR007跌1.85个基点报1.5051%；FDR014涨3.0个基点报1.63%。 质押式回购利率表现多数上涨，具体表现如下： （数据来源：Wind，财联社整理） 据Ch...

格隆汇2月11日｜美国互联网券商Robinhood(HOOD.US)盘前跌7.6%，报79.12美元。消息面上，Robinhood去年第四季度总营收同比增长27%至12.8亿美元，低于分析师预期的13.51亿美元；净利润同比下降34%至6.05亿美元，合每股收益66美分，略高于分析师预期65美分。期内，加密货币交易收入同比下降38%至2.21亿美元，低于预期。(格隆汇)

2035年我国将全面建成全国统一电力市场体系 2026-02-11 17:12:32 来源： 同花顺7x24快讯 分享 文章提及标的 电力ETF银华 -- 国务院办公厅近日印发《关于完善全国统一电力（562350）市场体系的实施意见》，提出到2030年基本建成全国统一电力（562350）市场体系，市场化交易电量占比达70%；到2035年全面建成，电力（562350）资源实现全国优化配置，市场化交易电量稳中有升。《意见》还部署了增加跨省跨区输电规模、推动民营企业参与电力（562350）市场等举措。(央视新闻)

文章提及标的 虚拟电厂 -- 电力ETF银华 -- 国务院办公厅印发《关于完善全国统一电力（562350）市场体系的实施意见》。其中提出，有序推动新型经营主体参与电力（562350）市场。在确保安全前提下，坚持包容审慎原则，推动虚拟电厂（886004）、智能微电网、可调节负荷等新型经营主体灵活参与电力（562350）市场，加快制修订新型经营主体运行监控、并网运行、双向计量、信息交互等标准。推动新型经营主体公平承担输配电费用、系统调节责任和社会责任，按规定缴纳政府性基金及附加等费用，引导新型经营主体理性投资、规范运营、健康发展。

格隆汇2月11日｜国网信通(600131.SH)公告称，2025年营业总收入为106.28亿元，较上年同期增长1.99%；归属于上市公司股东的净利润为6.78亿元，同比下降16.91%。

中央气象台预计未来三天（11至13日）长江以北大部地区以多云到晴天气为主气温逐步回升新疆北部、西藏东部、川西高原等地有明显降雪江南等地有降雨需防范雨雪天气对春运交通的不利影响。在气温方面本周内北方大部地区气温将稳步回升预计15至16日京津冀一带的最高气温将升至15℃左右济南、郑州最高气温或超过20℃达到今年立春以来气温新高。（央视新闻）

格隆汇2月11日｜国务院办公厅印发《关于完善全国统一电力市场体系的实施意见》提出，完善更好实现环境价值的绿色电力市场。完善全国统一的绿证市场，进一步发挥绿证作为可再生能源电力生产、消费和环境属性认定的基础凭证作用。扩大绿色电力消费规模，加快建立强制消费与自愿消费相结合的绿证消费制度。加强绿证价格监测，引导绿证价格在合理水平运行。推动发用侧双方签订绿证中长期购买协议。鼓励以绿色电力交易形式落实省间新能源优先发电规模计划，推广多年期交易合同、聚合交易等多种绿电交易模式。

来自美国能源部橡树岭国家实验室的科学家们提出了一种面向基础模型的分布式跨通道分层聚合方法（D-CHAG），该方法对 token 化过程进行分布式处理，并采用分层策略进行通道聚合，从而使极大规模模型能够在多通道数据集上运行。 基于视觉的科学基础模型在推动科学发现与创新方面具有巨大潜力，主要源于其能够聚合多样化来源的图像数据（例如不同的物理观测场景），并利用 Transformer 架构学习时空相关性。然而，图像的 token 化与聚合过程计算开销巨大，而现有的分布式方法如张量并行（TP）、序列并行（SP）或数据并行（DP），尚未充分解决这一挑战。 在此背景下， 来自美国能源部橡树岭国家实验室的研究人员提出了一种面向基础模型的分布式跨通道分层聚合方法（Distributed Cross-Channel Hierarchical Aggregation, D-CHAG）。 该方法对 token 化过程进行分布式处理，并采用分层策略进行通道聚合，从而使极大规模模型能够在多通道数据集上运行。研究人员在高光谱成像与天气预测任务上对 D-CHAG 进行了评估，将该方法与张量并行和模型分片相结合后，在 Frontier 超级计算机上最多可将内存占用降低 75%，并在最多 1,024 块 AMD GPU 上实现持续吞吐量提升超过 2 倍。 相关研究成果以「Distributed Cross-Channel Hierarchical Aggregation for Foundation Models」为题，已发表于 SC25。 研究亮点： * D-CHAG 解决了多通道基础模型训练中的内存瓶颈和计算效率问题 * 与仅使用 TP 相比，D-CHAG 可实现最高 70% 的内存占用降低，从而支持更高效的大规模模型训练 * 在天气预测与高光谱植物图像掩码预测两种科学工作负载上验证了 D-CHAG 的性能 论文地址： https://dl.acm.org/doi/10.1145/3712285.3759870 使用两类典型的多通道数据集 本研究使用了两类典型的多通道数据集来验证 D-CHAG 方法的有效性： 植物高光谱图像（Hyperspectral Images）和气象 ERA5 数据集。 其中，用于自监督掩码预测的植物高光谱图像数据由 Oak Ridge National Laborato...

通过销售金交所理财产品募集资金共计596亿元，至案发时造成集资参与人实际损失金额合计超200亿元。 2月10日晚，ST雪发（002485.SZ）公告称，广州市中级人民法院已于当日公开宣判，公司关联方雪松控股、实际控制人张劲等人集资诈骗、非法吸收公众存款、背信运用受托财产、妨害作证一案。 不过，ST雪发表示，截至本公告披露日，尚未收到相关判决书，具体结果以广州市中级人民法院作出的判决书载明的为准。2月11日，ST雪发涨停，报收5.05元/股，该公司已连续3日涨停。 参加此次庭审的投资人赵先生（化名）对第一财经透露，广州市中级人民法院作出了一审判决，其中，雪松控股犯集资诈骗罪和非法吸收公众存款罪，合计判处罚金11亿元。雪松控股实际控制人张劲被判无期徒刑，没收个人全部财产。其余高管被判处有期徒刑，期限在三年半至十五年不等，追缴违法所得，并处罚金15万元至110万元不等。 目前，相关判决书并未公开，第一财经致电广州市中级人民法院核实上述信息，对方表示，该案件信息仅限当事人或代理人查询。 雪松控股犯集资诈骗罪和非法吸收公众存款罪 针对此次案件宣判对公司的影响，ST雪发称，截至本公告披露日，公司经营情况正常，关联方及张劲涉及案件的判决不会对公司日常经营活动产生重大不利影响，不会影响公司在业务、资产、机构、人员、财务等方面的独立性，不会导致公司业务的经营出现重大变化，不存在损害公司及中小股东利益的情形。 公告显示，张劲除为ST雪发实际控制人外，不在公司担任任何职务。截至本公告披露日，张劲未直接持有ST雪发股份，其通过广州雪松文化旅游投资有限公司及广州君凯投资有限公司合计持有ST雪发股份3.78亿股，占公司总股本的69.40%。其中，累计被质押的股份数量为3.73亿股，占公司总股本的68.50%；累计被司法冻结的股份数量为3.73亿股，占公司总股本的68.50%。 赵先生对第一财经说，2月10日的庭审只进行了一项流程，即宣读判决书，全程大概40分钟左右。“这次能够参加庭审的投资人也是随机抽取的，部分来自广州的周边地区，也有部分来自长三角的。”他说。 赵先生对判决书进行了大致的记录，其中，雪松控股犯集资诈骗罪和非法吸收公众存款罪，合计执行罚金11亿元；张劲犯集资诈骗罪、非法吸收公众存款罪、背信运用受托财产罪。 炜衡律师事务所衡财保团队律师张鹏对第一财经表示，从法律层面看，非法吸收公众...