Dr Frederick Wong

As U.S. officials and technology giants comprehensively upgrade their AI development strategies to "Super Intelligence" (SI), the valuation logic of the capital markets is undergoing a fundamental reconstruction. From Jensen Huang’s concept of "SI factories" to Elon Musk’s emphasis on a "hundreds of gigawatts energy gap," this technological revolution has shifted from mere "software algorithm applications" to a comprehensive national power competition heavily reliant on physical...

In the fall of 2026, the tech circle and Wall Street were stunned by a single number: $2 trillion. AI giant Anthropic (the company behind the blockbuster large model Claude) is expected to publicly file its prospectus in late September and launch its IPO in October. It aims to enter the capital markets with a valuation of approximately $2 trillion, rivaling the likes of Apple and Microsoft. How can a company founded just a few years ago, and still frantically "burning money," be worth so...

"Restraint is a strategy, not a compromise." — Liang Wenfeng, DeepSeek I. Paradigm Shift: From Computing Power Arms Race to Efficiency Competition The global AI race is undergoing a paradigm shift. The United States relies on a capital-intensive model to stack computing power, whereas China utilizes algorithmic innovation and engineering efficiency to achieve equivalent performance with significantly fewer resources. This represents a fundamental divergence in innovation philosophy and...