HTSC's Research Reports suggest that NVIDIA CEO Jensen Huang delivered the CES keynote speech on January 7th at Beijing time. HTSC summarized three trends: 1) The cost-performance ratio of new graphics cards is highlighted; 2) Three types of Scaling Laws validate the logic of growing computing power demand, wafer-level chips may be one of the solutions, but mass production is still a distance away; 3) The era of physical AI has begun, and generative data is crucial. NVIDIA introduced the world model Cosmos, opening up physical AI, supporting autonomous driving and robot training. This model can collaborate with Omniverse to generate virtual worlds that comply with physical laws, suitable for robot and autonomous driving training, and more cost-effective than traditional data collection methods.