摩根士丹利指出，在2026年云栖大会（9月22-24日，杭州）上，阿里云为其AI超节点（AI SuperPoD）发布了全新光互连方案，采用UPO（超高性能光学，Ultra Performance Optics）与SNPO（Scale-up近封装光学，Scale-up Near-Packaged Optics）架构。其中UPO为开放的解耦路线图，推动从分立光模块向NPO与IPO（基于中介层的光学）范式下的高密度光学演进；SNPO则是面向密集GPU集群Scale-up互连的开放ODCC标准，用以突破铜缆传输距离与功耗限制，采用紧凑的NPX插槽设计，可同时兼容铜缆与光学连接，并支持单模硅光（SiPh）与多模VCSEL。摩根士丹利认为，阿里云最新技术创新支持其观点，即中国有望在NPO产品上建立竞争优势；
During the 2026 Apsara Conference (Sep 22-24 in Hangzhou), Alibaba Cloud launched a new optical interconnect solution for its AI SuperPoD, featuring UPO (Ultra Performance Optics) and SNPO (Scale-up Near-Packaged Optics) architecture. UPO is an open, decoupled roadmap shifting from discrete modules to high-density optics across Near-Packaged Optics (NPO) and Interposer-based Optics (IPO) paradigms. SNPO is an open ODCC standard tailored for Scale-Up interconnects in dense GPU clusters to overcome copper reach and power limits, featuring a compact NPX socket design compatible with copper and optics, supporting single-mode SiPh and multi-mode VCSEL. We believe Alibaba Cloud's latest technology innovation supports our view that China is likely to establish a competitive edge in the NPO product. We also observed Huawei's NPO innovation (Huawei unveiled new NPO solution (17 Sep 2026)) and other Chinese companies' initiatives in NPO during CIOE. Alibaba Cloud's innovation of UPO and SNPO cou