在具体投资逻辑上，叶培培与苗琦的核心观点相似，均看好稀缺上游资源与中游材料的投资价值，认为这类资产的收益主要来源于两大方面：一是在美元法定货币超发的背景下，稀缺实物资产具备显著的抗通胀属性，价格有望持续上涨；二是下游需求景气度迭代升级，带动相关资产的用量提升，进一步释放价值。
Таксистам запретят поднимать цены в снегопад и ураган14:37
。新收录的资料是该领域的重要参考
— Sensible file handling: backups and auto-saves in a cache/
A growing countertrend towards smaller (opens in new tab) models aims to boost efficiency, enabled by careful model design and data curation – a goal pioneered by the Phi family of models (opens in new tab) and furthered by Phi-4-reasoning-vision-15B. We specifically build on learnings from the Phi-4 and Phi-4-Reasoning language models and show how a multimodal model can be trained to cover a wide range of vision and language tasks without relying on extremely large training datasets, architectures, or excessive inference‑time token generation. Our model is intended to be lightweight enough to run on modest hardware while remaining capable of structured reasoning when it is beneficial. Our model was trained with far less compute than many recent open-weight VLMs of similar size. We used just 200 billion tokens of multimodal data leveraging Phi-4-reasoning (trained with 16 billion tokens) based on a core model Phi-4 (400 billion unique tokens), compared to more than 1 trillion tokens used for training multimodal models like Qwen 2.5 VL (opens in new tab) and 3 VL (opens in new tab), Kimi-VL (opens in new tab), and Gemma3 (opens in new tab). We can therefore present a compelling option compared to existing models pushing the pareto-frontier of the tradeoff between accuracy and compute costs.
В НАС оценили влияние «закона о русском языке» на продажи машинАвтоэксперт Шапарин не увидел маркетинговых выгод от русификации названий машин