Xiaomi has built the world's largest consumer IoT platform; global consumer IoT device connections exceeded 1.1 billion as of end-Q2. Lei Jun said Xiaomi has invested 105.5 billion yuan in hard-tech R&D over the past five years and expects to invest more than 200 billion yuan over the next five years, focusing on chips, operating systems and embodied AI.

Anthropic’s IPO filing shows 1H revenue of $16.3 bln versus $1.1 bln a year earlier and a 1H net loss of $80.7 bln, about $72 bln of which stems from fair‑value changes on convertible notes and other financing instruments. 1H compute and infrastructure spend was nearly $9.0 bln; the company expects related 2025 full‑year spending of $7.3 bln. Anthropic disclosed roughly $450 bln of cloud‑contract commitments over 7–10 years and has pledged to pay Google more than $160 bln for leased chips; total infrastructure commitments exceed $600 bln and could rise by up to $150 bln if still‑negotiating deals close. About 20% of 1H revenue came from two customers and the company says future revenue will remain highly concentrated. The filing flags risks that AI models could cause real‑world harms that may be uninsured and that data‑center construction faces growing organized political resistance.

马斯克：SpaceX部署电力、冷却及基础设施的速度可能超过其他所有参与者的总和。