OpenAI正式发布人工智能模型GPT-5，采用集成架构，可自动调用更深层次推理能力，并首次向所有 ChatGPT用户免费开放。 当地时间周四，OpenAI推出了迄今最先进的大型语言模型GPT-5，这一成果历经两年多研发、多次推迟 后终于面世。首席执行官山姆·奥尔特曼在发布会上形容，与GPT-5对话"就像在与某个领域的博士级专 家交流"。这一版本首次采用集成模型架构，将根据任务自动选择推理深度，无需用户切换模式，并将 在未来一周内分批向包括免费用户在内的所有ChatGPT用户开放。 奥尔特曼透露，GPT-5在速度、直觉与推理能力上全面提升，并能凭借"氛围编程"（vibe coding）让用 户用自然语言生成可运行的软件应用程序。"它能做的最酷的事情之一，就是为你按需编写高质量的软 件，这种即时开发的能力，可能会成为GPT-5时代的决定性特征。"他说。 "氛围编程" 与上一代相比，GPT-5最大的结构性变化是采用集成模型。这意味着系统将自主判断问题的复杂度，必 要时调用更多计算资源进行"深度思考"。奥尔特曼称，这是普通用户首次接触OpenAI的"测试时间计 算"技术，即在面对数学推导或复杂推理时，模型会主动延长 ...

美元指数周四上涨0.23%，收于98.400。 当地时间周四，据媒体援引知情人士报道，美联储理事克里斯托弗·沃勒（Christopher Waller）正成为美 国总统特朗普及其团队所青睐的下任美联储主席热门人选。消息称，沃勒近期已与特朗普团队成员会 面，并留下良好印象，但尚未与特朗普本人会晤。 这一进展让市场重新评估政策前景，押注即便现任主席鲍威尔在明年5月任期届满后卸任，美联储的政 策框架和方向仍有望保持延续性。周四，美元兑主要货币走强，衡量美元对六种主要货币的美元指数上 涨0.23%，报98.400。 机构Corpay首席市场策略师卡尔·沙莫塔（Karl Schamotta）认为，沃勒在金融市场与央行体系内均享有 较高声誉。"他被普遍视为倾向宽松立场的政策制定者，但其资历与信誉足以稳定长期美债收益率，并 维持美元资金流入。"沙莫塔表示，若沃勒接任主席，市场对货币政策急转弯的担忧或将有所缓解。 连续性与灵活性并存 渣打银行全球G10外汇研究主管史蒂文·英格兰德（Steven Englander）分析称，沃勒可能最能代表美联 储当前管理模式的延续性。扬尼资本管理公司首席固定收益策略师盖伊·勒巴斯（Guy L ...

(本文来自第一财经) 美股周四收盘，道指收跌0.51%，标普500指数跌0.08%，纳指涨0.35%。英特尔(INTC.O)收跌超3%， AMD(AMD.O)涨5.69%，苹果(AAPL.O)涨超3%。纳斯达克中国金龙指数涨0.95%，理想汽车(LI.O)、小 鹏汽车(XPEV.N)涨近2%，阿里巴巴(BABA.N)微涨0.1%。 ...

Core Viewpoint - The company *ST Dongtong (300379.SZ) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following a previous investigation for false financial reporting. The actual controller and chairman, Huang Yongjun, is also facing regulatory scrutiny [2][3]. Financial Reporting Issues - The company received an audit report for its 2024 financial statements that expressed an inability to provide an opinion, citing insufficient evidence regarding the authenticity of receivables, the reasonableness of goodwill impairment, and the use of investment funds [2][3]. - The internal control audit report issued a negative opinion, highlighting significant deficiencies in internal controls, including failure to identify or correct accounting errors and manage funds effectively [5][6]. Historical Context - The company has faced continuous losses in recent years, with net profits showing a trend of decline: losses of 0.39 billion yuan in 2022, 0.673 billion yuan in 2023, and 0.576 billion yuan in 2024, totaling cumulative losses of 1.288 billion yuan over three years [6]. - In April 2023, the company was ordered to correct its financial disclosures due to insufficient basis for revenue recognition from its subsidiaries [5][6]. Fundraising and Investment Projects - In June 2023, the company raised 2.169 billion yuan through a private placement, intended for various projects, but the progress on these projects has been minimal, with frequent changes in the use of funds [6][9]. - As of the end of 2024, only 1.2799 million yuan had been invested in the intended projects, while 350 million yuan was redirected for working capital [8][10]. Management of Funds - The company has engaged in cash management for temporarily idle raised funds, with 600 million yuan remaining unutilized as of July 30, 2024 [10].

【#礼来口服减重药数据公布# ，#礼来口服减重药72周平均减重12.4%#】 当地时间8月7日，礼来公布了一项口服减重药的重磅三期临床数据，患者用药72周后平均实现减重 12.4%。同日，礼来公布第二季度业绩，上调全年利润预期。 礼来公布的最新临床数据显示，在超过3000名肥胖或至少伴有一种体重相关合并症的超重但无糖尿病的 成人中，每日服用一次的GLP-1口服减重药Orforglipron，在72周用药时，最高剂量组平均减重12.4kg， 减重幅度达12.4%。 不过，由于此前市场对于这款口服减重药数据预期更高，礼来股价在盘前交易中下跌了约10%。 ...

Core Viewpoint - The article emphasizes the importance of integrated service platforms in the commercialization of technological achievements, highlighting the role of incubators like Sinan Semiconductor and New Micro Innovation in providing comprehensive support for startups [1][2][3]. Group 1: Integrated Service Platforms - Sinan Semiconductor acts as an "integrated service provider," focusing on resource integration and understanding the needs of innovative startups [1]. - New Micro Innovation has established multiple concept verification centers to facilitate the transition of technology from research to market, including the Auto-Chip and Bio-IC centers [2][5]. - The Shanghai high-quality incubators collectively have over 20 specialized technical platforms and have served more than 3,000 enterprises in the first five months of the year [2]. Group 2: Concept Verification Importance - Concept verification is identified as a critical stage in the commercialization process, serving as a "starting point" for startups to secure early-stage investment [2][5]. - New Micro Innovation's Auto-Chip center has completed 28 verification services since its operation began in late 2024, while the Bio-IC center has completed 31 [2]. Group 3: Industry Support and Funding - The Shanghai government supports high-quality incubators by encouraging collaboration with leading enterprises and institutions to build testing and verification platforms [3][8]. - Sinan Semiconductor has developed a service model covering EDA design, wafer manufacturing, and packaging testing, leveraging the advantages of the Lingang New Area [3][4]. Group 4: Financial Strategies for Startups - New Micro Innovation employs a "dual-driven" funding model, combining short-term cash flow from paid services with long-term value creation through investment linkage [8][9]. - Sinan Semiconductor has established a 500 million yuan angel fund to support high-potential projects and reduce financial risks for startups [9].

（文章来源：第一财经） 据灯塔专业版数据，截至8月7日，2025年暑期档（6月—8月）电影总票房（含预售）突破76亿元。《南 京照相馆》《长安的荔枝》《侏罗纪世界：重生》《F1：狂飙飞车》《名侦探柯南：独眼的残像》 《罗小黑战记2》《酱园弄·悬案》《戏台》暂列票房前8名，且单片档期票房均已突破3亿。 据灯塔专业版数据显示，暑期档定档影片达128部（含待映），其中剧情片45部，动画片29部。灯塔专 业版数据分析师陈晋表示，丰富的类型供给有望满足多元观影需求，推动市场形成多轮观影热潮。整体 而言，今年暑期档头部影片竞争力突出，动画类型基本盘稳固，其积极表现将为全年电影市场奠定坚实 基础。 今年夏天，电影市场还涌现出一种新的形式——VR大电影。虽然该形式暂时还未计入全国票房统计， 但在业内看来，该电影形式有较大的前景。 8月5日，VR大电影《封神前传》登陆上海BFC外滩金融中心。该电影以4K技术还原从中国第一位女将 军妇好的墓地出土的"国之重器"，通过三维建模，在《封神前传》中，观众可伸手触碰鸮首凌厉的线 条，甚至能将头伸到司母辛鼎内，在内壁寻找三千年前的"妇好"的铭文。 媒体体验活动当天，第一财经记者也戴上VR眼 ...

当地时间7日凌晨12点01分，特朗普政府关税进入新一阶段，对数十个贸易伙伴加征关税。 据新华社报道，美国总统特朗普7月31日签署行政令，调整对多个贸易伙伴征收的所谓"对等关税"税 率，具体税率从10%至41%不等，并宣布从当天起的7天后开始实施。8月7日，该行政令生效。 根据耶鲁大学预算实验室的最新测算，如考虑截至7月31日实施的所有美国关税、外国对等反制措施的 影响以及将于8月7日生效的所谓"对等关税"，特朗普政府宣布的一系列关税壁垒会使美国平均关税税率 达到17.3%，为1935年以来最高水平。 需要解释的是，目前特朗普政府的关税由针对各国和地区以及针对行业的两部分组成，前者的授权 为"国际紧急经济权力法（IEEPA）"，后者为美国商务部根据1962年《贸易扩展法》第232条款进行的 232调查。 6日，特朗普表示，美国将对进口半导体产品征收100%关税，但未说明具体实施细节。此前，他还表 示，将对药品征收关税，最高可至250%。 据第一财经记者查阅文献，未找到此前在232调查后美国开征的税率达到过此水平。北京广问律师事务 所合伙人管健对记者亦表示，历史上因232调查导致的惩罚性关税应该是没有达到过这么高 ...

(本文来自第一财经) 道指涨0.59%，纳指涨0.75%，标普500指数涨0.55%。礼来跌超9%，英特尔跌超2%，本田汽车跌超 2%，苹果涨超2%。 ...

Market Performance - The Nasdaq China Golden Dragon Index opened slightly higher, currently up over 1% with notable gains in companies such as ZTO Express and Miniso, both rising over 4%, and GDS Holdings up over 3% [1] - The US stock market opened with all three major indices showing gains: the Dow Jones up 0.59%, the Nasdaq up 0.75%, and the S&P 500 up 0.55% [2] - Futures for the three major US indices were also up, with Dow futures rising 0.45%, S&P 500 futures up 0.57%, and Nasdaq futures increasing by 0.73% [3] Company-Specific Movements - Eli Lilly saw a significant drop of over 9%, while Intel and Honda both fell over 2%. In contrast, Apple experienced an increase of over 2% [2] - Intel's pre-market decline expanded to 5% following comments from Trump demanding the resignation of Intel's CEO [3]