市场消息：意大利科莱费罗的KNDS工厂发生爆炸。

Google released Gemini 3.7 Flash, presented as a code-generation and debugging upgrade the company says produces more production-ready code on first pass, reduces developer rework and lowers inference costs. The model will support the AI productivity assistant Gemini Spark and adds safety protections against malicious attacks and misuse in chemical, biological, radiological and nuclear (CBRN) domains. Google has not provided a firm launch timetable for flagship Gemini 3.5 Pro, which has been delayed repeatedly amid slower-than-expected R&D progress, keeping investor focus on the company’s AI roadmap execution. CEO Pichai said Google is accelerating model iteration and has allocated substantial compute to train next-generation Gemini 4.

微软、亚马逊、谷歌及芯片公司向OpenAI、Anthropic等投入约460亿美元股权资金，后者再承诺购买云计算、芯片和数据中心服务，形成“供应商投资客户—客户采购基础设施”的资金闭环。 这种结构会放大风险：投资资金支撑采购，采购承诺又被用于融资建设更多算力。一旦终端客户收入不足，AI实验室可能同时削减云服务和芯片订单，使收入、融资和估值沿同一链条收缩。IMF也指出， 循环融资会增加信息不透明度，并令单一企业的冲击通过关联交易向整个AI产业链放大。